Vertiv (NYSE:VRT) PT Raised to $121.00

Vertiv (NYSE:VRT) had its price objective boosted by Oppenheimer from $115.00 to $121.00 in a report released on Thursday, Benzinga reports. They currently have an outperform rating on the stock.

VRT has been the subject of a number of other research reports. Citigroup increased their price objective on shares of Vertiv from $130.00 to $134.00 and gave the company a “buy” rating in a research note on Thursday. Bank of America raised their price target on shares of Vertiv from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday. Evercore ISI upped their price objective on Vertiv from $105.00 to $125.00 and gave the company an “outperform” rating in a research note on Monday, October 7th. Jefferies Financial Group began coverage on Vertiv in a research report on Monday, October 7th. They set a “buy” rating and a $125.00 target price for the company. Finally, Mizuho upped their price target on Vertiv from $110.00 to $125.00 and gave the company an “outperform” rating in a research report on Thursday. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $122.11.

Vertiv Price Performance

Shares of Vertiv stock opened at $111.00 on Thursday. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.36 and a quick ratio of 1.00. The firm has a fifty day moving average price of $92.37 and a two-hundred day moving average price of $89.83. Vertiv has a fifty-two week low of $34.60 and a fifty-two week high of $116.41. The company has a market cap of $41.55 billion, a PE ratio of 105.82, a price-to-earnings-growth ratio of 1.42 and a beta of 1.59.

Vertiv (NYSE:VRT) last announced its quarterly earnings data 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 company had revenue of $2.07 billion for the quarter, compared to analyst estimates of $1.98 billion. Vertiv had a return on equity of 50.79% and a net margin of 6.93%. Vertiv’s revenue for the quarter was up 19.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.52 EPS. Analysts expect that Vertiv will post 2.58 EPS for the current year.

Vertiv Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Tuesday, September 17th were given a dividend of $0.025 per share. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $0.10 annualized dividend and a yield of 0.09%. Vertiv’s dividend payout ratio (DPR) is 9.62%.

Insiders Place Their Bets

In other news, insider Karsten Winther sold 44,924 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $79.99, for a total transaction of $3,593,470.76. Following the sale, the insider now directly owns 10,542 shares of the company’s stock, valued at $843,254.58. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 5.01% of the company’s stock.

Institutional Trading of Vertiv

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VRT. ORG Partners LLC grew its stake in shares of Vertiv by 25.1% during the third quarter. ORG Partners LLC now owns 458 shares of the company’s stock worth $46,000 after purchasing an additional 92 shares during the period. Allworth Financial LP lifted its holdings in shares of Vertiv by 18.6% during the 3rd quarter. Allworth Financial LP now owns 638 shares of the company’s stock valued at $63,000 after purchasing an additional 100 shares in the last quarter. NBC Securities Inc. grew its position in shares of Vertiv by 0.9% in the 3rd quarter. NBC Securities Inc. now owns 13,125 shares of the company’s stock valued at $1,305,000 after purchasing an additional 112 shares during the period. Callan Family Office LLC increased its stake in Vertiv by 0.9% during the 3rd quarter. Callan Family Office LLC now owns 14,989 shares of the company’s stock worth $1,491,000 after purchasing an additional 137 shares in the last quarter. Finally, Optimum Investment Advisors lifted its stake in Vertiv by 11.1% in the third quarter. Optimum Investment Advisors now owns 1,500 shares of the company’s stock valued at $149,000 after buying an additional 150 shares in the last quarter. 89.92% of the stock is currently 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.