Vertiv (NYSE:VRT) Earns “Hold” Rating from Melius Research

Melius Research reissued their hold rating on shares of Vertiv (NYSE:VRT) in a report published on Tuesday, Marketbeat.com reports. Melius Research currently has a $125.00 price target on the stock.

A number of other equities analysts have also weighed in on the company. The Goldman Sachs Group boosted their target price on Vertiv from $126.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Fox Advisors started coverage on shares of Vertiv in a report on Monday, January 6th. They set an “equal weight” rating for the company. Evercore ISI dropped their target price on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a report on Friday, January 17th. Citigroup boosted their target price on shares of Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Finally, Oppenheimer raised their price target on Vertiv from $121.00 to $131.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $139.36.

Vertiv Stock Performance

Shares of VRT opened at $114.61 on Tuesday. The company has a market cap of $43.02 billion, a price-to-earnings ratio of 76.41, a P/E/G ratio of 1.16 and a beta of 1.63. The business’s fifty day simple moving average is $126.63 and its two-hundred day simple moving average is $105.75. Vertiv has a 12 month low of $55.00 and a 12 month high of $155.84. The company has a current ratio of 1.38, a quick ratio of 1.02 and a debt-to-equity ratio of 1.60.

Vertiv Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd were paid a dividend of $0.0375 per share. The ex-dividend date of this dividend was Tuesday, December 3rd. This is an increase from Vertiv’s previous quarterly dividend of $0.03. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.13%. Vertiv’s payout ratio is 6.67%.

Insiders Place Their Bets

In other Vertiv news, EVP Stephen Liang sold 86,619 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $131.07, for a total transaction of $11,353,152.33. Following the sale, the executive vice president now directly owns 19,551 shares of the company’s stock, valued at $2,562,549.57. This trade represents a 81.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Anand Sanghi sold 30,914 shares of the company’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 completion of the transaction, the insider now directly owns 19,448 shares of the company’s stock, valued at approximately $2,751,114.08. This trade represents a 61.38 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 171,527 shares of company stock worth $23,105,682. Company insiders own 5.01% of the company’s stock.

Hedge Funds Weigh In On Vertiv

A number of hedge funds and other institutional investors have recently modified their holdings of VRT. Anchor Investment Management LLC bought a new stake in Vertiv in the 2nd quarter valued at $26,000. SOA Wealth Advisors LLC. purchased a new position in shares of Vertiv during the fourth quarter valued at about $26,000. Krane Funds Advisors LLC bought a new stake in shares of Vertiv in the third quarter worth about $29,000. Global Trust Asset Management LLC purchased a new stake in shares of Vertiv in the third quarter worth about $30,000. Finally, Mark Sheptoff Financial Planning LLC grew its holdings in Vertiv by 200.0% during the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock valued at $30,000 after buying an additional 200 shares in the last quarter. Institutional investors own 89.92% of the company’s stock.

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.