UBS Group Begins Coverage on Vertiv (NYSE:VRT)

Equities researchers at UBS Group assumed coverage on shares of Vertiv (NYSE:VRT) in a research report issued on Wednesday, MarketBeat Ratings reports. The brokerage set a “buy” rating and a $155.00 price target on the stock. UBS Group’s price target suggests a potential upside of 28.03% from the stock’s current price.

VRT has been the topic of a number of other reports. The Goldman Sachs Group dropped their price target on shares of Vertiv from $116.00 to $104.00 and set a “buy” rating on the stock in a research note on Thursday, July 25th. Mizuho boosted their target price on Vertiv from $110.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Evercore ISI raised their price target on Vertiv from $125.00 to $135.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Citigroup upped their price objective on Vertiv from $130.00 to $134.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, Jefferies Financial Group initiated coverage on Vertiv in a report on Monday, October 7th. They issued a “buy” rating and a $125.00 target price for the company. Ten analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Vertiv currently has an average rating of “Buy” and an average target price of $125.40.

Vertiv Stock Down 2.8 %

VRT opened at $121.07 on Wednesday. Vertiv has a 52 week low of $41.01 and a 52 week high of $130.30. The business has a 50 day moving average price of $103.47 and a two-hundred day moving average price of $93.30. The company has a quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 1.60. The company has a market cap of $45.44 billion, a PE ratio of 80.71, a P/E/G ratio of 1.34 and a beta of 1.58.

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

Insiders Place Their Bets

In related news, insider Karsten Winther sold 44,924 shares of Vertiv stock in a transaction that occurred on Tuesday, September 3rd. The stock was 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 in the company, valued at $843,254.58. The trade was a 80.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.01% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Vertiv

Several hedge funds have recently bought and sold shares of the stock. Clearbridge Investments LLC increased its position in Vertiv by 15.4% during the 2nd quarter. Clearbridge Investments LLC now owns 2,553,001 shares of the company’s stock worth $221,013,000 after purchasing an additional 340,639 shares in the last quarter. Whittier Trust Co. grew its holdings in shares of Vertiv by 7.2% during the third quarter. Whittier Trust Co. now owns 127,210 shares of the company’s stock worth $12,656,000 after buying an additional 8,579 shares in the last quarter. Janney Capital Management LLC acquired a new position in shares of Vertiv in the third quarter valued at approximately $8,403,000. Assenagon Asset Management S.A. raised its position in shares of Vertiv by 190.7% in the third quarter. Assenagon Asset Management S.A. now owns 55,923 shares of the company’s stock valued at $5,564,000 after buying an additional 36,684 shares during the last quarter. Finally, Entropy Technologies LP lifted its stake in shares of Vertiv by 42.4% during the third quarter. Entropy Technologies LP now owns 31,839 shares of the company’s stock valued at $3,168,000 after buying an additional 9,479 shares during the period. Hedge funds and other institutional investors own 89.92% of the company’s stock.

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.