Vertiv (NYSE:VRT) Trading Up 4.6% on Analyst Upgrade

Vertiv Holdings Co (NYSE:VRT) rose 4.6% during mid-day trading on Thursday after Deutsche Bank Aktiengesellschaft raised their price target on the stock from $39.00 to $49.00. The stock traded as high as $39.24 and last traded at $38.72. Approximately 905,022 shares were traded during mid-day trading, a decline of 81% from the average daily volume of 4,817,606 shares. The stock had previously closed at $37.03.

Other analysts have also recently issued reports about the company. Vertical Research upgraded Vertiv from a “hold” rating to a “buy” rating in a research note on Friday, June 9th. The Goldman Sachs Group raised their price target on Vertiv from $38.00 to $43.00 and gave the company a “buy” rating in a research note on Monday, September 4th. Mizuho raised their price target on Vertiv from $20.00 to $32.00 and gave the company a “neutral” rating in a research note on Thursday, August 3rd. TheStreet upgraded Vertiv from a “c” rating to a “b-” rating in a research note on Wednesday, August 2nd. Finally, TD Cowen raised their price target on Vertiv from $40.00 to $41.00 and gave the company an “outperform” rating in a research note on Friday, August 11th. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $33.00.

Insiders Place Their Bets

In related news, CAO Scott Cripps sold 36,008 shares of the firm’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $38.47, for a total transaction of $1,385,227.76. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, Director Doherty Philip O’ sold 1,897,146 shares of the firm’s stock in a transaction dated Thursday, June 29th. The stock was sold at an average price of $24.02, for a total transaction of $45,569,446.92. Following the transaction, the director now owns 14,378,211 shares of the company’s stock, valued at $345,364,628.22. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Scott Cripps sold 36,008 shares of the firm’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $38.47, for a total value of $1,385,227.76. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 34,117,192 shares of company stock valued at $1,190,569,581. 5.62% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Vertiv

Institutional investors have recently added to or reduced their stakes in the business. DekaBank Deutsche Girozentrale purchased a new stake in Vertiv in the 1st quarter valued at approximately $27,000. Clear Street Markets LLC purchased a new stake in Vertiv in the 4th quarter valued at approximately $27,000. CI Investments Inc. boosted its holdings in Vertiv by 986.4% in the 4th quarter. CI Investments Inc. now owns 2,162 shares of the company’s stock valued at $30,000 after purchasing an additional 1,963 shares in the last quarter. Brown Brothers Harriman & Co. boosted its holdings in Vertiv by 648.5% in the 1st quarter. Brown Brothers Harriman & Co. now owns 2,500 shares of the company’s stock valued at $35,000 after purchasing an additional 2,166 shares in the last quarter. Finally, Stephens Inc. AR purchased a new stake in Vertiv in the 2nd quarter valued at approximately $64,000. Hedge funds and other institutional investors own 92.37% of the company’s stock.

Vertiv Price Performance

The stock has a fifty day simple moving average of $32.20 and a two-hundred day simple moving average of $22.11. The company has a market cap of $14.68 billion, a PE ratio of 78.81 and a beta of 1.41. The company has a current ratio of 1.64, a quick ratio of 1.20 and a debt-to-equity ratio of 1.77.

Vertiv (NYSE:VRT) last posted its quarterly earnings results on Wednesday, August 2nd. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.17. Vertiv had a net margin of 2.84% and a return on equity of 31.02%. The company had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.62 billion. During the same period last year, the firm earned $0.10 EPS. The company’s revenue for the quarter was up 23.9% on a year-over-year basis. On average, equities analysts predict that Vertiv Holdings Co will post 1.59 EPS for the current fiscal year.

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.