Vertiv (NYSE:VRT) Trading 8.8% Higher After Analyst Upgrade

Vertiv Holdings Co (NYSE:VRTGet Rating)’s stock price was up 8.8% on Thursday after The Goldman Sachs Group raised their price target on the stock from $15.00 to $17.00. The Goldman Sachs Group currently has a buy rating on the stock. Vertiv traded as high as $13.07 and last traded at $13.04. Approximately 179,042 shares were traded during mid-day trading, a decline of 94% from the average daily volume of 3,060,839 shares. The stock had previously closed at $11.99.

Several other equities research analysts also recently weighed in on the stock. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Vertiv from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Wednesday, July 13th. Mizuho reduced their target price on Vertiv from $13.00 to $10.00 and set a “neutral” rating for the company in a research note on Monday, July 18th. Finally, Citigroup upped their price target on Vertiv from $14.00 to $15.00 in a research note on Thursday. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $16.17.

Institutional Investors Weigh In On Vertiv

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC acquired a new position in Vertiv during the 4th quarter valued at about $999,000. State of New Jersey Common Pension Fund D lifted its holdings in shares of Vertiv by 1.0% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 153,851 shares of the company’s stock valued at $3,842,000 after purchasing an additional 1,531 shares in the last quarter. Dupont Capital Management Corp lifted its holdings in shares of Vertiv by 43.7% in the fourth quarter. Dupont Capital Management Corp now owns 38,225 shares of the company’s stock valued at $954,000 after purchasing an additional 11,627 shares in the last quarter. CWM LLC purchased a new position in shares of Vertiv during the fourth quarter valued at approximately $78,000. Finally, Xponance Inc. grew its holdings in Vertiv by 16.1% during the fourth quarter. Xponance Inc. now owns 36,643 shares of the company’s stock worth $915,000 after buying an additional 5,084 shares in the last quarter. Institutional investors and hedge funds own 87.39% of the company’s stock.

Vertiv Price Performance

The company has a current ratio of 1.43, a quick ratio of 1.02 and a debt-to-equity ratio of 2.03. The business has a 50-day moving average of $9.94 and a 200 day moving average of $13.07. The firm has a market capitalization of $4.96 billion, a PE ratio of 1,317.00, a price-to-earnings-growth ratio of 1.24 and a beta of 1.42.

Vertiv (NYSE:VRTGet Rating) last announced its earnings results on Wednesday, August 3rd. The company reported $0.10 EPS for the quarter, meeting the consensus estimate of $0.10. Vertiv had a net margin of 1.91% and a return on equity of 15.67%. The company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the prior year, the company posted $0.31 earnings per share. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. As a group, research analysts anticipate that Vertiv Holdings Co will post 0.61 EPS for the current fiscal year.

Vertiv Company Profile

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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. It offers AC and DC power management products, thermal management products, integrated rack systems, modular solutions, and management systems for monitoring and controlling digital infrastructure that are integral to the technologies used for various services, including e-commerce, online banking, file sharing, video on-demand, energy storage, wireless communications, Internet of Things, and online gaming.

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