Vertiv (NYSE:VRT) PT Raised to $125.00 at Mizuho

Vertiv (NYSE:VRT) had its price target boosted by Mizuho from $110.00 to $125.00 in a research report sent to investors on Thursday morning, Benzinga reports. The firm currently has an outperform rating on the stock.

A number of other analysts also recently weighed in on the stock. Oppenheimer increased their price target on shares of Vertiv from $100.00 to $115.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Evercore ISI increased their price target on shares of Vertiv from $105.00 to $125.00 and gave the company an “outperform” rating in a research report on Monday, October 7th. TD Cowen increased their price target on shares of Vertiv from $89.00 to $93.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. The Goldman Sachs Group cut their price target on shares of Vertiv from $116.00 to $104.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Finally, Jefferies Financial Group initiated coverage on shares of Vertiv in a report on Monday, October 7th. They set 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 data from MarketBeat, Vertiv has a consensus rating of “Buy” and a consensus price target of $122.11.

Vertiv Stock Performance

Vertiv stock opened at $112.17 on Thursday. The company has a current ratio of 1.36, a quick ratio of 1.00 and a debt-to-equity ratio of 1.90. Vertiv has a 1 year low of $34.60 and a 1 year high of $116.41. The company has a market cap of $42.08 billion, a PE ratio of 87.63, a PEG ratio of 1.47 and a beta of 1.59. The company’s 50-day moving average is $93.57 and its two-hundred day moving average is $90.26.

Vertiv (NYSE:VRT) last released its earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.07. The company had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $1.98 billion. Vertiv had a net margin of 6.93% and a return on equity of 50.79%. The company’s revenue was up 19.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.52 EPS. Equities analysts anticipate that Vertiv will post 2.58 earnings per share for the current year.

Vertiv Announces Dividend

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

Insider Transactions at Vertiv

In other news, insider Karsten Winther sold 44,924 shares of the firm’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 transaction of $3,593,470.76. Following the completion of the transaction, the insider now directly owns 10,542 shares of the company’s stock, valued at $843,254.58. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 5.01% of the company’s stock.

Hedge Funds Weigh In On Vertiv

Several hedge funds have recently made changes to their positions in VRT. Massachusetts Financial Services Co. MA bought a new position in shares of Vertiv during the 2nd quarter worth approximately $331,091,000. Price T Rowe Associates Inc. MD grew its stake in shares of Vertiv by 303.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,777,057 shares of the company’s stock valued at $390,143,000 after buying an additional 3,591,903 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Vertiv by 5.5% in the first quarter. Vanguard Group Inc. now owns 33,622,257 shares of the company’s stock valued at $2,745,930,000 after buying an additional 1,766,784 shares in the last quarter. Castle Hook Partners LP bought a new position in shares of Vertiv in the first quarter valued at $135,987,000. Finally, Westfield Capital Management Co. LP grew its stake in shares of Vertiv by 85.2% in the first quarter. Westfield Capital Management Co. LP now owns 3,399,272 shares of the company’s stock valued at $277,619,000 after buying an additional 1,563,466 shares in the last quarter. 89.92% of the stock is owned by institutional investors.

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.