Vertiv (NYSE:VRT) PT Raised to $98.00 at Oppenheimer

Vertiv (NYSE:VRT) had its target price raised by equities researchers at Oppenheimer from $96.00 to $98.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Oppenheimer’s price target suggests a potential upside of 4.82% from the company’s previous close.

A number of other brokerages have also weighed in on VRT. Bank of America raised their price target on shares of Vertiv from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Evercore ISI raised their price target on shares of Vertiv from $80.00 to $90.00 and gave the company an “outperform” rating in a research note on Friday, April 5th. Citigroup raised their price target on shares of Vertiv from $69.00 to $102.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Mizuho raised their price target on shares of Vertiv from $50.00 to $56.00 and gave the company a “neutral” rating in a research note on Thursday, February 22nd. Finally, JPMorgan Chase & Co. raised their target price on shares of Vertiv from $95.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.11.

Vertiv Price Performance

NYSE:VRT opened at $93.49 on Thursday. Vertiv has a 52 week low of $13.73 and a 52 week high of $95.32. The company has a quick ratio of 1.35, a current ratio of 1.74 and a debt-to-equity ratio of 1.45. The stock has a market capitalization of $35.71 billion, a PE ratio of 89.89, a price-to-earnings-growth ratio of 1.37 and a beta of 1.59. The stock’s 50-day moving average price is $76.51 and its 200-day moving average price is $57.47.

Vertiv (NYSE:VRT) last posted its earnings results on Wednesday, April 24th. The company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.06. The firm had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.62 billion. Vertiv had a return on equity of 42.43% and a net margin of 5.79%. The company’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period last year, the firm earned $0.24 EPS. As a group, equities analysts expect that Vertiv will post 2.31 EPS for the current fiscal year.

Insider Transactions at Vertiv

In other news, CAO Scott Cripps sold 56,594 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $70.76, for a total transaction of $4,004,591.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CAO Scott Cripps sold 56,594 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $70.76, for a total transaction of $4,004,591.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Stephen Liang sold 306,196 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $70.24, for a total transaction of $21,507,207.04. Following the sale, the executive vice president now owns 51,841 shares of the company’s stock, valued at approximately $3,641,311.84. The disclosure for this sale can be found here. Insiders own 5.62% of the company’s stock.

Institutional Trading of Vertiv

Institutional investors have recently added to or reduced their stakes in the stock. Nordea Investment Management AB acquired a new stake in Vertiv in the 4th quarter valued at approximately $1,040,000. WT Asset Management Ltd acquired a new stake in Vertiv in the 4th quarter valued at approximately $24,486,000. CenterBook Partners LP increased its holdings in Vertiv by 82.0% in the 3rd quarter. CenterBook Partners LP now owns 174,938 shares of the company’s stock valued at $6,508,000 after purchasing an additional 78,793 shares during the last quarter. Quadrature Capital Ltd increased its holdings in Vertiv by 791.6% in the 3rd quarter. Quadrature Capital Ltd now owns 92,628 shares of the company’s stock valued at $3,445,000 after purchasing an additional 82,239 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in Vertiv by 244.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 41,984 shares of the company’s stock valued at $2,016,000 after purchasing an additional 29,804 shares during 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.