Vertiv (NYSE:VRT) Price Target Raised to $141.00 at TD Cowen

Vertiv (NYSE:VRT) had its price target upped by TD Cowen from $115.00 to $141.00 in a report released on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

A number of other analysts also recently issued reports on the company. Mizuho raised their target price on Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a research note on Tuesday. Evercore ISI lifted their price target on shares of Vertiv from $125.00 to $135.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Oppenheimer increased their price objective on Vertiv from $121.00 to $131.00 and gave the stock an “outperform” rating in a research report on Tuesday. JPMorgan Chase & Co. upped their price target on Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, The Goldman Sachs Group raised their price objective on Vertiv from $126.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday. Ten analysts have rated the stock with a buy rating, According to MarketBeat.com, Vertiv presently has an average rating of “Buy” and an average target price of $138.50.

Vertiv Trading Up 3.1 %

Shares of VRT opened at $141.75 on Tuesday. The firm’s fifty day moving average is $109.85 and its two-hundred day moving average is $94.90. The stock has a market cap of $53.20 billion, a PE ratio of 94.50, a price-to-earnings-growth ratio of 1.53 and a beta of 1.58. The company has a quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 1.60. Vertiv has a 52-week low of $41.01 and a 52-week high of $145.67.

Vertiv (NYSE:VRT) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.76 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 the consensus estimate of $1.98 billion. Vertiv had a net margin of 7.72% and a return on equity of 55.33%. Vertiv’s quarterly revenue was up 19.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.52 EPS. Research analysts forecast that Vertiv will post 2.69 earnings per share for the current fiscal year.

Vertiv Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd will be issued a $0.0375 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.11%. This is a boost from Vertiv’s previous quarterly dividend of $0.03. Vertiv’s payout ratio is 6.67%.

Insiders Place Their Bets

In other news, insider Karsten Winther sold 44,924 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $79.99, for a total value of $3,593,470.76. Following the sale, the insider now directly owns 10,542 shares in the company, valued at approximately $843,254.58. This trade represents a 80.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.01% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Krane Funds Advisors LLC acquired a new position in shares of Vertiv during the third quarter worth about $29,000. Anchor Investment Management LLC acquired a new position in Vertiv during the 2nd quarter worth approximately $26,000. Global Trust Asset Management LLC purchased a new stake in shares of Vertiv in the 3rd quarter valued at approximately $30,000. Mark Sheptoff Financial Planning LLC raised its holdings in shares of Vertiv by 200.0% in the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock valued at $30,000 after purchasing an additional 200 shares in the last quarter. Finally, Brooklyn Investment Group purchased a new stake in shares of Vertiv during the 3rd quarter worth $30,000. 89.92% of the stock is owned by institutional investors and hedge funds.

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.