Vertiv (NYSE:VRT) Price Target Raised to $145.00

Vertiv (NYSE:VRT) had its price objective hoisted by investment analysts at Mizuho from $125.00 to $145.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Mizuho’s price objective would indicate a potential upside of 17.75% from the company’s current price.

A number of other research firms also recently weighed in on VRT. Bank of America raised their price target on shares of Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Evercore ISI increased their price objective on shares of Vertiv from $125.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. TD Cowen boosted their target price on shares of Vertiv from $93.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. UBS Group started coverage on Vertiv in a research note on Wednesday, November 13th. They issued a “buy” rating and a $155.00 price target for the company. Finally, The Goldman Sachs Group reduced their price objective on Vertiv from $116.00 to $104.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Ten analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $128.40.

Vertiv Stock Performance

Shares of NYSE:VRT opened at $123.14 on Tuesday. The company’s 50 day simple moving average is $106.34 and its 200 day simple moving average is $93.93. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02. Vertiv has a 1 year low of $41.01 and a 1 year high of $130.30. The stock has a market capitalization of $46.22 billion, a price-to-earnings ratio of 81.67, a price-to-earnings-growth ratio of 1.31 and a beta of 1.58.

Vertiv (NYSE:VRT) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.07. The company had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $1.98 billion. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. Vertiv’s revenue was up 19.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.52 EPS. As a group, research analysts predict that Vertiv will post 2.69 EPS for the current fiscal year.

Insider Activity

In related news, insider Karsten Winther sold 44,924 shares of the company’s stock in a transaction that occurred 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 $843,254.58. This represents a 80.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 5.01% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Blair William & Co. IL bought a new position in Vertiv during the first quarter worth $284,000. Acadian Asset Management LLC boosted its position in shares of Vertiv by 1,019.3% during the 1st quarter. Acadian Asset Management LLC now owns 4,007 shares of the company’s stock valued at $326,000 after purchasing an additional 3,649 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its position in shares of Vertiv by 37.0% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 11,535 shares of the company’s stock valued at $942,000 after purchasing an additional 3,114 shares in the last quarter. UniSuper Management Pty Ltd grew its stake in Vertiv by 108.0% during the first quarter. UniSuper Management Pty Ltd now owns 5,200 shares of the company’s stock worth $425,000 after purchasing an additional 2,700 shares during the period. Finally, CANADA LIFE ASSURANCE Co increased its holdings in Vertiv by 157.5% in the first quarter. CANADA LIFE ASSURANCE Co now owns 223,914 shares of the company’s stock worth $18,301,000 after purchasing an additional 136,956 shares in the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

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.