Vertiv Holdings Co (NYSE:VRT) Receives $135.33 Average Price Target from Brokerages

Shares of Vertiv Holdings Co (NYSE:VRT) have been assigned a consensus recommendation of “Moderate Buy” from the fifteen brokerages that are presently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $135.33.

VRT has been the topic of a number of recent analyst reports. Melius cut shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price target on the stock. in a research note on Tuesday, January 28th. Barclays lowered their target price on shares of Vertiv from $111.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 26th. Royal Bank of Canada began coverage on shares of Vertiv in a research report on Friday, March 7th. They set an “outperform” rating and a $121.00 price target for the company. Morgan Stanley started coverage on Vertiv in a report on Monday, January 6th. They issued an “overweight” rating and a $150.00 price target on the stock. Finally, Melius Research reaffirmed a “hold” rating and set a $125.00 price objective on shares of Vertiv in a report on Tuesday, January 28th.

Institutional Investors Weigh In On Vertiv

A number of hedge funds and other institutional investors have recently modified their holdings of the company. SOA Wealth Advisors LLC. acquired a new stake in Vertiv during the fourth quarter worth approximately $26,000. Mark Sheptoff Financial Planning LLC boosted its holdings in shares of Vertiv by 200.0% during the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock worth $30,000 after purchasing an additional 200 shares during the last quarter. Brooklyn Investment Group purchased a new stake in shares of Vertiv in the third quarter valued at $30,000. OLD Second National Bank of Aurora purchased a new stake in shares of Vertiv in the fourth quarter valued at $30,000. Finally, Tradewinds Capital Management LLC increased its stake in Vertiv by 61.3% in the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock valued at $33,000 after purchasing an additional 111 shares during the last quarter. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Vertiv Trading Down 2.7 %

Shares of Vertiv stock opened at $72.23 on Thursday. The firm has a market cap of $27.50 billion, a price-to-earnings ratio of 56.43, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. Vertiv has a 52-week low of $62.40 and a 52-week high of $155.84. The company’s 50-day simple moving average is $101.47 and its 200-day simple moving average is $111.58. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19.

Vertiv (NYSE:VRT) last issued its earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.15. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. During the same quarter in the prior year, the business posted $0.56 earnings per share. As a group, equities research analysts anticipate that Vertiv will post 3.59 earnings per share for the current year.

Vertiv Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th were issued a $0.0375 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a yield of 0.21%. Vertiv’s dividend payout ratio (DPR) is 11.72%.

About Vertiv

Vertiv Holdings Co, together with its subsidiaries, designs, manufactures, and services critical digital infrastructure technologies and life cycle services for data centers, communication networks, and commercial and industrial environments in the Americas, the Asia Pacific, Europe, the Middle East, and Africa.