Vertiv (NYSE:VRT) PT Raised to $50.00

Vertiv (NYSE:VRT) had its price target hoisted by equities researchers at Evercore ISI from $40.00 to $50.00 in a research note issued on Thursday, Marketbeat.com reports. The firm currently has an “outperform” rating on the stock. Evercore ISI’s price objective suggests a potential upside of 27.55% from the stock’s previous close.

A number of other equities analysts have also weighed in on the stock. 22nd Century Group reiterated a “maintains” rating on shares of Vertiv in a report on Thursday, June 29th. The Goldman Sachs Group lifted their price target on shares of Vertiv from $38.00 to $43.00 and gave the company a “buy” rating in a report on Monday, September 4th. Citigroup lifted their price target on shares of Vertiv from $21.00 to $29.00 in a report on Friday, June 16th. Mizuho lifted their price target on shares of Vertiv from $20.00 to $32.00 and gave the company a “neutral” rating in a report on Thursday, August 3rd. Finally, TD Cowen lifted their price target on shares of Vertiv from $40.00 to $41.00 and gave the company an “outperform” rating in a report on Friday, August 11th. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $30.27.

Vertiv Trading Down 1.0 %

Shares of Vertiv stock opened at $39.20 on Thursday. Vertiv has a 12-month low of $9.48 and a 12-month high of $40.41. The company has a current ratio of 1.64, a quick ratio of 1.20 and a debt-to-equity ratio of 1.77. The stock has a market cap of $14.92 billion, a PE ratio of 83.41 and a beta of 1.41. The company has a 50-day moving average of $31.66 and a two-hundred day moving average of $21.70.

Vertiv (NYSE:VRT) last issued its earnings results on Wednesday, August 2nd. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.17. Vertiv had a net margin of 2.84% and a return on equity of 31.02%. The company had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.62 billion. During the same period last year, the company posted $0.10 earnings per share. The firm’s quarterly revenue was up 23.9% compared to the same quarter last year. On average, research analysts anticipate that Vertiv will post 1.59 EPS for the current fiscal year.

Insider Activity

In other news, CAO Scott Cripps sold 36,008 shares of Vertiv stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $38.47, for a total value of $1,385,227.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Vertiv news, Director Doherty Philip O’ sold 130,008 shares of the business’s stock in a transaction dated Monday, June 26th. The shares were sold at an average price of $24.07, for a total transaction of $3,129,292.56. Following the completion of the transaction, the director now directly owns 16,302,233 shares of the company’s stock, valued at approximately $392,394,748.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Scott Cripps sold 36,008 shares of the business’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $38.47, for a total transaction of $1,385,227.76. The disclosure for this sale can be found here. In the last three months, insiders sold 24,117,192 shares of company stock valued at $815,569,581. Company insiders own 5.62% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Vertiv by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 26,812,702 shares of the company’s stock worth $260,619,000 after acquiring an additional 157,038 shares during the period. BlackRock Inc. lifted its stake in shares of Vertiv by 32.8% in the 1st quarter. BlackRock Inc. now owns 18,988,356 shares of the company’s stock worth $265,836,000 after acquiring an additional 4,693,256 shares during the period. Starboard Value LP acquired a new stake in shares of Vertiv in the 4th quarter worth approximately $230,880,000. Clearbridge Investments LLC lifted its stake in shares of Vertiv by 9.5% in the 1st quarter. Clearbridge Investments LLC now owns 14,099,958 shares of the company’s stock worth $197,399,000 after acquiring an additional 1,226,985 shares during the period. Finally, UBS Group AG lifted its stake in shares of Vertiv by 0.4% in the 1st quarter. UBS Group AG now owns 8,462,646 shares of the company’s stock worth $121,100,000 after acquiring an additional 37,676 shares during the period. 92.37% of the stock is owned by institutional investors and hedge funds.

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.