Vertiv (NYSE:VRT) Price Target Raised to $155.00

Vertiv (NYSE:VRT) had its price objective increased by Citigroup from $141.00 to $155.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s price objective suggests a potential upside of 27.32% from the company’s current price.

Several other equities analysts also recently commented on the stock. Bank of America upped their price objective on shares of Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, October 24th. The Goldman Sachs Group upped their price target on shares of Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. TD Cowen raised their price objective on shares of Vertiv from $115.00 to $141.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Evercore ISI upped their target price on Vertiv from $125.00 to $135.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Finally, JPMorgan Chase & Co. increased their target price on Vertiv from $124.00 to $132.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 19th. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $139.90.

Vertiv Trading Down 3.5 %

Shares of NYSE:VRT opened at $121.74 on Monday. Vertiv has a 52-week low of $44.31 and a 52-week high of $145.67. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.38. The company has a market capitalization of $45.69 billion, a P/E ratio of 83.43, a price-to-earnings-growth ratio of 1.38 and a beta of 1.61. The company has a 50-day simple moving average of $118.63 and a 200 day simple moving average of $97.58.

Vertiv (NYSE:VRT) last released its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $1.98 billion. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. The business’s revenue was up 19.0% on a year-over-year basis. During the same period last year, the firm posted $0.52 earnings per share. Sell-side analysts forecast that Vertiv will post 2.69 earnings per share for the current year.

Insider Activity

In other news, EVP Stephen Liang sold 86,619 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $131.07, for a total transaction of $11,353,152.33. Following the completion of the sale, the executive vice president now owns 19,551 shares of the company’s stock, valued at approximately $2,562,549.57. This represents a 81.59 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Jan Van Dokkum sold 38,647 shares of Vertiv stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $136.39, for a total transaction of $5,271,064.33. Following the completion of the transaction, the director now directly owns 25,000 shares in the company, valued at $3,409,750. This trade represents a 60.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 171,527 shares of company stock worth $23,105,682. 5.01% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Vertiv

A number of institutional investors have recently modified their holdings of the business. QRG Capital Management Inc. increased its position in Vertiv by 4.6% during the 2nd quarter. QRG Capital Management Inc. now owns 10,000 shares of the company’s stock worth $866,000 after purchasing an additional 444 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new position in shares of Vertiv during the second quarter worth $375,000. Wedmont Private Capital acquired a new position in shares of Vertiv during the second quarter worth $212,000. Great Valley Advisor Group Inc. bought a new position in shares of Vertiv in the 2nd quarter valued at $1,480,000. Finally, Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Vertiv by 140.7% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 45,316 shares of the company’s stock valued at $3,923,000 after acquiring an additional 26,491 shares in the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

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.