Vertiv (NYSE:VRT) PT Raised to $95.00

Vertiv (NYSE:VRT) had its target price upped by analysts at Mizuho from $56.00 to $95.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Mizuho’s price objective would indicate a potential upside of 1.62% from the company’s current price.

A number of other equities analysts have also recently issued reports on the company. Evercore ISI increased their price target on Vertiv from $90.00 to $95.00 and gave the stock an “outperform” rating in a report on Thursday. JPMorgan Chase & Co. increased their target price on Vertiv from $95.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday. Oppenheimer increased their target price on Vertiv from $96.00 to $98.00 and gave the stock an “outperform” rating in a report on Thursday. Citigroup increased their target price on Vertiv from $102.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Bank of America increased their target price on Vertiv from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, March 18th. One research 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, Vertiv has a consensus rating of “Moderate Buy” and a consensus price target of $81.11.

Vertiv Price Performance

Vertiv stock opened at $93.49 on Friday. The stock has a market capitalization of $35.71 billion, a price-to-earnings ratio of 89.89, a PEG ratio of 1.44 and a beta of 1.59. Vertiv has a 52-week low of $13.73 and a 52-week high of $95.32. The stock’s 50 day moving average price is $76.51 and its two-hundred day moving average price is $57.59. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.35 and a current ratio of 1.74.

Vertiv (NYSE:VRT) last posted its quarterly earnings results 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 firm 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 company’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.24 EPS. On average, equities analysts predict that Vertiv will post 2.35 earnings per share for the current year.

Insider Activity at Vertiv

In related news, EVP Stephen Liang sold 306,196 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $70.24, for a total value of $21,507,207.04. Following the completion of the sale, the executive vice president now directly owns 51,841 shares of the company’s stock, valued at approximately $3,641,311.84. 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 firm’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $70.76, for a total transaction of $4,004,591.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Stephen Liang sold 306,196 shares of the firm’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 directly owns 51,841 shares of the company’s stock, valued at $3,641,311.84. The disclosure for this sale can be found here. 5.62% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Vertiv

Several large investors have recently made changes to their positions in the business. FMR LLC increased its position in shares of Vertiv by 182.4% during the 3rd quarter. FMR LLC now owns 47,236,496 shares of the company’s stock valued at $1,757,198,000 after purchasing an additional 30,511,907 shares during the last quarter. Vanguard Group Inc. increased its holdings in Vertiv by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 31,855,473 shares of the company’s stock worth $1,530,018,000 after acquiring an additional 226,716 shares during the last quarter. Coatue Management LLC increased its holdings in Vertiv by 19.5% in the 4th quarter. Coatue Management LLC now owns 13,811,848 shares of the company’s stock worth $663,383,000 after acquiring an additional 2,249,353 shares during the last quarter. Invesco Ltd. increased its holdings in Vertiv by 10.2% in the 3rd quarter. Invesco Ltd. now owns 10,817,978 shares of the company’s stock worth $402,429,000 after acquiring an additional 1,002,191 shares during the last quarter. Finally, Norges Bank purchased a new stake in Vertiv in the 4th quarter worth about $185,339,000. 89.92% of the stock is owned by hedge funds and other institutional investors.

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.