The Goldman Sachs Group Lowers Vertiv (NYSE:VRT) Price Target to $104.00

Vertiv (NYSE:VRT) had its price objective reduced by The Goldman Sachs Group from $116.00 to $104.00 in a research report report published on Thursday morning, Benzinga reports. The Goldman Sachs Group currently has a buy rating on the stock.

A number of other equities analysts also recently commented on the stock. Citigroup boosted their target price on shares of Vertiv from $102.00 to $110.00 and gave the stock a buy rating in a report on Thursday, April 25th. Oppenheimer boosted their price target on Vertiv from $96.00 to $98.00 and gave the stock an outperform rating in a research note on Thursday, April 25th. JPMorgan Chase & Co. boosted their price target on Vertiv from $95.00 to $100.00 and gave the stock an overweight rating in a research note on Thursday, April 25th. Bank of America boosted their price target on Vertiv from $100.00 to $115.00 and gave the stock a buy rating in a research note on Wednesday, May 15th. Finally, Evercore ISI boosted their price target on Vertiv from $95.00 to $105.00 and gave the stock an outperform rating in a research note on Friday, June 14th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of Moderate Buy and an average target price of $96.56.

Vertiv Stock Up 0.8 %

NYSE:VRT opened at $77.12 on Thursday. Vertiv has a twelve month low of $25.09 and a twelve month high of $109.27. The company has a market cap of $28.87 billion, a price-to-earnings ratio of 74.15, a price-to-earnings-growth ratio of 1.06 and a beta of 1.58. The stock has a fifty day simple moving average of $91.90 and a 200-day simple moving average of $80.19. The company has a current ratio of 1.34, a quick ratio of 0.98 and a debt-to-equity ratio of 2.09.

Vertiv (NYSE:VRT) last released its earnings results on Wednesday, July 24th. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.10. The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.94 billion. Vertiv had a return on equity of 49.53% and a net margin of 6.93%. The business’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same period last year, the company earned $0.46 earnings per share. Analysts anticipate that Vertiv will post 2.58 EPS for the current year.

Vertiv Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 26th. Stockholders of record on Monday, June 17th were paid a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.13%. The ex-dividend date was Monday, June 17th. Vertiv’s dividend payout ratio is currently 9.62%.

Insider Transactions at Vertiv

In other news, EVP Anders Karlborg sold 46,206 shares of Vertiv stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $93.75, for a total transaction of $4,331,812.50. Following the transaction, the executive vice president now owns 23,003 shares in the company, valued at approximately $2,156,531.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, insider Yibin Edward Cui sold 668 shares of Vertiv stock in a transaction on Saturday, May 4th. The stock was sold at an average price of $94.39, for a total value of $63,052.52. Following the completion of the sale, the insider now directly owns 19,452 shares of the company’s stock, valued at $1,836,074.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Anders Karlborg sold 46,206 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $93.75, for a total transaction of $4,331,812.50. Following the sale, the executive vice president now owns 23,003 shares in the company, valued at $2,156,531.25. The disclosure for this sale can be found here. Insiders have sold a total of 1,162,739 shares of company stock worth $119,773,814 in the last ninety days. Insiders own 5.01% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Vertiv by 5.5% in the 1st quarter. Vanguard Group Inc. now owns 33,622,257 shares of the company’s stock valued at $2,745,930,000 after purchasing an additional 1,766,784 shares in the last quarter. Coatue Management LLC boosted its position in shares of Vertiv by 19.5% during 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 in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Vertiv by 303.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,777,057 shares of the company’s stock valued at $390,143,000 after acquiring an additional 3,591,903 shares during the last quarter. Norges Bank acquired a new stake in shares of Vertiv during the 4th quarter worth about $185,339,000. Finally, Westfield Capital Management Co. LP lifted its stake in Vertiv by 85.2% during the first quarter. Westfield Capital Management Co. LP now owns 3,399,272 shares of the company’s stock worth $277,619,000 after purchasing an additional 1,563,466 shares during the last quarter. Institutional investors and hedge funds 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.