Vertiv (NYSE:VRT) PT Raised to $95.00

Vertiv (NYSE:VRT) had its price objective increased by JPMorgan Chase & Co. from $65.00 to $95.00 in a research report issued on Thursday, Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 13.27% from the stock’s current price.

Several other research firms have also commented on VRT. Citigroup increased their target price on Vertiv from $69.00 to $102.00 and gave the company a “buy” rating in a report on Monday, April 8th. Bank of America increased their target price on Vertiv from $80.00 to $90.00 and gave the company a “buy” rating in a report on Monday, March 18th. Evercore ISI increased their target price on Vertiv from $80.00 to $90.00 and gave the company an “outperform” rating in a report on Friday, April 5th. Mizuho increased their target price on Vertiv from $50.00 to $56.00 and gave the company a “neutral” rating in a report on Thursday, February 22nd. Finally, Oppenheimer initiated coverage on Vertiv in a report on Friday, April 5th. They issued an “outperform” rating and a $96.00 target price on the stock. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Vertiv has a consensus rating of “Moderate Buy” and a consensus target price of $74.56.

Vertiv Stock Down 2.9 %

Shares of NYSE VRT opened at $83.87 on Thursday. The stock has a market cap of $32.04 billion, a P/E ratio of 71.08, a PEG ratio of 1.36 and a beta of 1.59. The company has a current ratio of 1.74, a quick ratio of 1.35 and a debt-to-equity ratio of 1.45. Vertiv has a 12-month low of $11.95 and a 12-month high of $88.69. The business’s fifty day simple moving average is $72.45 and its 200-day simple moving average is $54.37.

Vertiv (NYSE:VRT) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.03. The business had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Vertiv had a return on equity of 39.46% and a net margin of 6.71%. The company’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period last year, the firm earned $0.28 earnings per share. As a group, equities analysts predict that Vertiv will post 2.34 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CAO Scott Cripps sold 56,594 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $70.76, for a total transaction of $4,004,591.44. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, EVP Stephen Liang sold 306,196 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $70.24, for a total value of $21,507,207.04. Following the completion of the sale, the executive vice president now owns 51,841 shares in the company, valued at $3,641,311.84. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Scott Cripps sold 56,594 shares of the firm’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $70.76, for a total transaction of $4,004,591.44. The disclosure for this sale can be found here. Corporate insiders own 5.62% of the company’s stock.

Institutional Investors Weigh In On Vertiv

A number of hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its position in Vertiv by 22.3% in the first quarter. GAMMA Investing LLC now owns 653 shares of the company’s stock valued at $53,000 after purchasing an additional 119 shares during the period. Quadrant Capital Group LLC lifted its position in shares of Vertiv by 24.7% during the 4th quarter. Quadrant Capital Group LLC now owns 857 shares of the company’s stock valued at $41,000 after acquiring an additional 170 shares during the period. Pitcairn Co. lifted its position in shares of Vertiv by 1.1% during the 4th quarter. Pitcairn Co. now owns 18,608 shares of the company’s stock valued at $894,000 after acquiring an additional 200 shares during the period. Simon Quick Advisors LLC lifted its position in shares of Vertiv by 1.0% during the 4th quarter. Simon Quick Advisors LLC now owns 20,065 shares of the company’s stock valued at $964,000 after acquiring an additional 205 shares during the period. Finally, Hanseatic Management Services Inc. lifted its position in shares of Vertiv by 0.8% during the 3rd quarter. Hanseatic Management Services Inc. now owns 29,541 shares of the company’s stock valued at $1,099,000 after acquiring an additional 246 shares during the period. 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.