Vertiv (NYSE:VRT) PT Raised to $125.00

by · The Cerbat Gem

Vertiv (NYSE:VRT – Free Report) had its price target upped by Evercore ISI from $105.00 to $125.00 in a report published on Monday, Benzinga reports. The brokerage currently has an outperform rating on the stock.

Other equities research analysts also recently issued research reports about the stock. Mizuho raised shares of Vertiv from a neutral rating to an outperform rating and reduced their target price for the company from $95.00 to $92.00 in a research note on Wednesday, August 7th. TD Cowen increased their target price on shares of Vertiv from $89.00 to $93.00 and gave the company a buy rating in a research note on Thursday, July 25th. The Goldman Sachs Group reduced their target price on shares of Vertiv from $116.00 to $104.00 and set a buy rating on the stock in a research note on Thursday, July 25th. Finally, Jefferies Financial Group initiated coverage on shares of Vertiv in a research note on Monday. They issued a buy rating and a $125.00 target price on the stock. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of Buy and an average target price of $106.89.

Get Our Latest Stock Analysis on VRT

Vertiv Price Performance

Vertiv stock opened at $108.16 on Monday. The company has a market cap of $40.49 billion, a price-to-earnings ratio of 104.00, a PEG ratio of 1.26 and a beta of 1.59. The firm’s fifty day moving average is $83.98 and its 200 day moving average is $87.67. The company has a quick ratio of 1.00, a current ratio of 1.36 and a debt-to-equity ratio of 1.90. Vertiv has a 52-week low of $34.60 and a 52-week high of $109.38.

Vertiv (NYSE:VRT – Get Free Report) last released its quarterly earnings results on Wednesday, July 24th. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.10. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.94 billion. Vertiv had a net margin of 6.93% and a return on equity of 50.79%. Vertiv’s revenue was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.46 earnings per share. Sell-side analysts forecast that Vertiv will post 2.58 EPS for the current fiscal year.

Vertiv Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Tuesday, September 17th were issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.09%. The ex-dividend date of this dividend was Tuesday, September 17th. Vertiv’s payout ratio is presently 9.62%.

Insider Transactions at Vertiv

In other Vertiv news, insider Karsten Winther sold 44,924 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $79.99, for a total transaction of $3,593,470.76. Following the transaction, the insider now directly owns 10,542 shares in the company, valued at $843,254.58. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 5.01% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Vertiv by 5.5% during the 1st quarter. Vanguard Group Inc. now owns 33,622,257 shares of the company’s stock worth $2,745,930,000 after acquiring an additional 1,766,784 shares in the last quarter. Coatue Management LLC grew its holdings in Vertiv by 19.5% during the 4th quarter. Coatue Management LLC now owns 13,811,848 shares of the company’s stock worth $663,383,000 after acquiring an additional 2,249,353 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Vertiv by 303.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,777,057 shares of the company’s stock worth $390,143,000 after acquiring an additional 3,591,903 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new position in Vertiv during the 2nd quarter worth about $331,091,000. Finally, Westfield Capital Management Co. LP grew its holdings in Vertiv by 85.2% during the 1st quarter. Westfield Capital Management Co. LP now owns 3,399,272 shares of the company’s stock worth $277,619,000 after acquiring an additional 1,563,466 shares in the last quarter. 89.92% of the stock is currently owned by institutional investors.

Vertiv Company Profile

(Get Free Report)

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.

Further Reading