Vertiv Holdings Co (NYSE:VRT) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Vertiv Holdings Co (NYSE:VRT) have been assigned a consensus rating of “Moderate Buy” from the fifteen research firms that are currently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $139.36.

A number of analysts have recently weighed in on the company. Bank of America raised their target price on Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Fox Advisors initiated coverage on shares of Vertiv in a research note on Monday, January 6th. They issued an “equal weight” rating for the company. UBS Group began coverage on shares of Vertiv in a research note on Wednesday, November 13th. They set a “buy” rating and a $155.00 price target on the stock. TD Cowen raised their price target on shares of Vertiv from $115.00 to $141.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Finally, The Goldman Sachs Group upped their price objective on Vertiv from $126.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th.

Insider Transactions at Vertiv

In other Vertiv news, Director Jakki L. Haussler sold 15,347 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $137.38, for a total value of $2,108,370.86. Following the completion of the transaction, the director now directly owns 3,425 shares of the company’s stock, valued at approximately $470,526.50. The trade was a 81.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Anand Sanghi sold 30,914 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $141.46, for a total value of $4,373,094.44. Following the sale, the insider now directly owns 19,448 shares in the company, valued at approximately $2,751,114.08. This represents a 61.38 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 171,527 shares of company stock worth $23,105,682. 5.01% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Vertiv

Several institutional investors and hedge funds have recently modified their holdings of the business. The Manufacturers Life Insurance Company lifted its stake in Vertiv by 55.4% in the second quarter. The Manufacturers Life Insurance Company now owns 30,523 shares of the company’s stock valued at $2,642,000 after buying an additional 10,884 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Vertiv during the second quarter worth $1,632,000. GAMMA Investing LLC lifted its position in Vertiv by 102.1% in the 3rd quarter. GAMMA Investing LLC now owns 1,904 shares of the company’s stock valued at $189,000 after acquiring an additional 962 shares in the last quarter. Azzad Asset Management Inc. ADV acquired a new position in Vertiv in the 3rd quarter worth $456,000. Finally, Diversified Trust Co increased its holdings in Vertiv by 530.7% during the 3rd quarter. Diversified Trust Co now owns 32,565 shares of the company’s stock worth $3,240,000 after purchasing an additional 27,402 shares in the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Vertiv Trading Up 1.6 %

VRT stock opened at $121.42 on Wednesday. The business has a fifty day moving average price of $124.39 and a 200 day moving average price of $107.21. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02. Vertiv has a fifty-two week low of $55.00 and a fifty-two week high of $155.84. The stock has a market capitalization of $45.57 billion, a price-to-earnings ratio of 80.95, a P/E/G ratio of 0.94 and a beta of 1.64.

Vertiv Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd were paid a $0.0375 dividend. This is a positive change from Vertiv’s previous quarterly dividend of $0.03. The ex-dividend date was Tuesday, December 3rd. This represents a $0.15 annualized dividend and a yield of 0.12%. Vertiv’s dividend payout ratio is presently 6.67%.

Vertiv Company Profile

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.