Vertiv (NYSE:VRT) PT Raised to $95.00

Vertiv (NYSE:VRT) had its price target hoisted by research analysts at Evercore ISI from $90.00 to $95.00 in a research report issued on Thursday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Evercore ISI’s price objective suggests a potential upside of 1.62% from the stock’s previous close.

Other analysts have also recently issued research reports about the company. Citigroup raised their price target on Vertiv from $69.00 to $102.00 and gave the company a “buy” rating in a report on Monday, April 8th. Mizuho increased their price objective on Vertiv from $50.00 to $56.00 and gave the company a “neutral” rating in a research report on Thursday, February 22nd. JPMorgan Chase & Co. lifted their price target on Vertiv from $95.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday. Oppenheimer lifted their price target on Vertiv from $96.00 to $98.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Bank of America boosted their target price on Vertiv from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, March 18th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $81.11.

Vertiv Stock Up 3.5 %

Shares of NYSE VRT opened at $93.49 on Thursday. Vertiv has a one year low of $13.73 and a one year high of $95.32. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.74 and a quick ratio of 1.35. The business’s fifty day moving average price is $76.51 and its 200-day moving average price is $57.47. The stock has a market capitalization of $35.71 billion, a PE ratio of 89.89, a P/E/G ratio of 1.37 and a beta of 1.59.

Vertiv (NYSE:VRT) last issued its quarterly earnings data on Wednesday, April 24th. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.06. The business had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.62 billion. Vertiv had a return on equity of 42.43% and a net margin of 5.79%. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.24 EPS. On average, equities research analysts anticipate that Vertiv will post 2.31 EPS for the current year.

Insiders Place Their Bets

In other news, CAO Scott Cripps sold 56,594 shares of the business’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $70.76, for a total value of $4,004,591.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CAO Scott Cripps sold 56,594 shares of the business’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $70.76, for a total value of $4,004,591.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Stephen Liang sold 306,196 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $70.24, for a total value of $21,507,207.04. Following the sale, the executive vice president now owns 51,841 shares of the company’s stock, valued at approximately $3,641,311.84. The disclosure for this sale can be found here. Corporate insiders own 5.62% of the company’s stock.

Institutional Trading of Vertiv

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. FMR LLC increased its position in Vertiv by 182.4% in the third quarter. FMR LLC now owns 47,236,496 shares of the company’s stock worth $1,757,198,000 after buying an additional 30,511,907 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Vertiv by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 31,855,473 shares of the company’s stock valued at $1,530,018,000 after purchasing an additional 226,716 shares during the last quarter. Coatue Management LLC raised its holdings in shares of Vertiv by 19.5% in the fourth quarter. Coatue Management LLC now owns 13,811,848 shares of the company’s stock worth $663,383,000 after buying an additional 2,249,353 shares during the period. Invesco Ltd. raised its holdings in shares of Vertiv by 10.2% in the third quarter. Invesco Ltd. now owns 10,817,978 shares of the company’s stock worth $402,429,000 after buying an additional 1,002,191 shares during the period. Finally, Norges Bank purchased a new position in Vertiv during the 4th quarter worth $185,339,000. Hedge funds and other institutional investors 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.