Vertiv (NYSE:VRT) Given New $115.00 Price Target at TD Cowen

Vertiv (NYSE:VRT) had its target price raised by TD Cowen from $93.00 to $115.00 in a report released on Thursday, Benzinga reports. They currently have a buy rating on the stock.

A number of other research firms also recently weighed in on VRT. Evercore ISI raised their price target on shares of Vertiv from $125.00 to $135.00 and gave the stock an “outperform” rating in a research report on Thursday. Oppenheimer increased their price target on Vertiv from $115.00 to $121.00 and gave the stock an “outperform” rating in a research report on Thursday. Citigroup lifted their price objective on shares of Vertiv from $130.00 to $134.00 and gave the company a “buy” rating in a research report on Thursday. Mizuho boosted their price target on Vertiv from $110.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Jefferies Financial Group initiated coverage on shares of Vertiv in a report on Monday, October 7th. They issued a “buy” rating and a $125.00 price objective for the company. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Vertiv has a consensus rating of “Buy” and an average price target of $122.11.

Vertiv Price Performance

Shares of NYSE:VRT opened at $112.17 on Thursday. Vertiv has a one year low of $34.60 and a one year high of $116.41. The stock has a market cap of $42.08 billion, a PE ratio of 87.63, a price-to-earnings-growth ratio of 1.47 and a beta of 1.59. The business’s fifty day moving average price is $93.57 and its two-hundred day moving average price is $90.26. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.00 and a current ratio of 1.36.

Vertiv (NYSE:VRT) last issued its 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 return on equity of 50.79% and a net margin of 6.93%. The firm had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter last year, the firm earned $0.52 earnings per share. The firm’s revenue for the quarter was up 19.0% compared to the same quarter last year. On average, analysts forecast that Vertiv will post 2.58 EPS for the current fiscal year.

Vertiv Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Tuesday, September 17th were given a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.09%. The ex-dividend date of this dividend was Tuesday, September 17th. Vertiv’s dividend payout ratio (DPR) is presently 7.81%.

Insider Buying and Selling at Vertiv

In related news, insider Karsten Winther sold 44,924 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $79.99, for a total value of $3,593,470.76. Following the completion of the transaction, the insider now owns 10,542 shares in the company, valued at $843,254.58. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 5.01% of the company’s stock.

Institutional Trading of Vertiv

A number of institutional investors and hedge funds have recently modified their holdings of VRT. Anchor Investment Management LLC acquired a new stake in Vertiv during the 2nd quarter worth approximately $26,000. Atticus Wealth Management LLC bought a new stake in Vertiv during the 1st quarter worth about $27,000. Mather Group LLC. boosted its position in Vertiv by 132.5% during the second quarter. Mather Group LLC. now owns 351 shares of the company’s stock valued at $29,000 after purchasing an additional 200 shares during the last quarter. Krane Funds Advisors LLC acquired a new stake in shares of Vertiv in the 3rd quarter valued at approximately $29,000. Finally, Global Trust Asset Management LLC bought a new position in shares of Vertiv in the 3rd quarter valued at about $30,000. 89.92% of the stock is 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.