Mizuho Boosts Vertiv (NYSE:VRT) Price Target to $145.00

Vertiv (NYSE:VRT) had its target price raised by Mizuho from $125.00 to $145.00 in a report published on Tuesday,Benzinga reports. The firm currently has an outperform rating on the stock.

VRT has been the topic of several other reports. Oppenheimer lifted their price objective on Vertiv from $121.00 to $131.00 and gave the stock an “outperform” rating in a report on Tuesday. UBS Group initiated coverage on shares of Vertiv in a research note on Wednesday, November 13th. They issued a “buy” rating and a $155.00 target price on the stock. Bank of America upped their price objective on Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. TD Cowen boosted their price target on Vertiv from $93.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Finally, The Goldman Sachs Group decreased their price objective on shares of Vertiv from $116.00 to $104.00 and set a “buy” rating for the company in a report on Thursday, July 25th. Ten analysts have rated the stock with a buy rating, According to MarketBeat, Vertiv presently has a consensus rating of “Buy” and a consensus price target of $138.50.

Vertiv Price Performance

Shares of NYSE VRT opened at $140.15 on Tuesday. The company has a market capitalization of $52.60 billion, a price-to-earnings ratio of 93.43, a PEG ratio of 1.53 and a beta of 1.58. 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 1-year low of $41.01 and a 1-year high of $145.67. The business has a 50-day moving average of $110.94 and a 200-day moving average of $95.19.

Vertiv (NYSE:VRT) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.07. Vertiv had a net margin of 7.72% and a return on equity of 55.33%. The business had revenue of $2.07 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same period last year, the business earned $0.52 EPS. The business’s revenue was up 19.0% on a year-over-year basis. On average, equities analysts anticipate that Vertiv will post 2.69 EPS for the current fiscal year.

Vertiv Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd will be given a $0.0375 dividend. The ex-dividend date is Tuesday, December 3rd. This is an increase from Vertiv’s previous quarterly dividend of $0.03. This represents a $0.15 annualized dividend and a yield of 0.11%. Vertiv’s dividend payout ratio (DPR) is currently 6.67%.

Insiders Place Their Bets

In other news, insider Anand Sanghi sold 30,914 shares of the stock in a transaction on 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 owns 19,448 shares of the company’s stock, valued at approximately $2,751,114.08. This represents a 61.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Karsten Winther sold 44,924 shares of Vertiv 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 sale, the insider now owns 10,542 shares in the company, valued at approximately $843,254.58. This represents a 80.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 91,185 shares of company stock worth $10,074,936. Insiders own 5.01% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. ORG Partners LLC boosted its stake in Vertiv by 25.1% during the 3rd quarter. ORG Partners LLC now owns 458 shares of the company’s stock valued at $46,000 after purchasing an additional 92 shares in the last quarter. Allworth Financial LP boosted its stake in Vertiv by 18.6% during the third quarter. Allworth Financial LP now owns 638 shares of the company’s stock valued at $63,000 after buying an additional 100 shares in the last quarter. NBC Securities Inc. grew its holdings in Vertiv by 0.9% during the third quarter. NBC Securities Inc. now owns 13,125 shares of the company’s stock worth $1,305,000 after acquiring an additional 112 shares during the period. Nvwm LLC raised its position in Vertiv by 1.3% in the third quarter. Nvwm LLC now owns 10,035 shares of the company’s stock worth $998,000 after acquiring an additional 124 shares in the last quarter. Finally, Callan Family Office LLC lifted its holdings in Vertiv by 0.9% in the 3rd quarter. Callan Family Office LLC now owns 14,989 shares of the company’s stock valued at $1,491,000 after acquiring an additional 137 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors.

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.