Weekly Research Analysts’ Ratings Updates for Vertiv (VRT)

Several analysts have recently updated their ratings and price targets for Vertiv (NYSE: VRT):

• 4/26/2024 – Vertiv had its price target raised by analysts at Mizuho from $56.00 to $95.00. They now have a “neutral” rating on the stock.
• 4/25/2024 – Vertiv had its price target raised by analysts at JPMorgan Chase & Co. from $95.00 to $100.00. They now have an “overweight” rating on the stock.
• 4/25/2024 – Vertiv had its price target raised by analysts at Evercore ISI from $90.00 to $95.00. They now have an “outperform” rating on the stock.
• 4/25/2024 – Vertiv had its price target raised by analysts at Oppenheimer Holdings Inc. from $96.00 to $98.00. They now have an “outperform” rating on the stock.
• 4/25/2024 – Vertiv had its price target raised by analysts at Citigroup Inc. from $102.00 to $110.00. They now have a “buy” rating on the stock.
• 4/11/2024 – Vertiv had its price target raised by analysts at JPMorgan Chase & Co. from $65.00 to $95.00. They now have an “overweight” rating on the stock.
• 4/8/2024 – Vertiv had its price target raised by analysts at Citigroup Inc. from $69.00 to $102.00. They now have a “buy” rating on the stock.
• 4/5/2024 – Vertiv had its price target raised by analysts at Evercore ISI from $80.00 to $90.00. They now have an “outperform” rating on the stock.
• 4/5/2024 – Vertiv is now covered by analysts at Oppenheimer Holdings Inc.. They set an “outperform” rating and a $96.00 price target on the stock.
• 3/18/2024 – Vertiv had its price target raised by analysts at Bank of America Co. from $80.00 to $90.00. They now have a “buy” rating on the stock.
• 3/13/2024 – Vertiv had its price target raised by analysts at Evercore ISI from $75.00 to $80.00. They now have an “outperform” rating on the stock.

Vertiv Stock Performance

Shares of VRT stock opened at $94.91 on Wednesday. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.98 and a current ratio of 1.34. The stock has a market cap of $35.53 billion, a PE ratio of 91.26, a P/E/G ratio of 1.41 and a beta of 1.55. Vertiv Holdings Co has a 1 year low of $14.68 and a 1 year high of $97.49. The stock has a fifty day moving average price of $80.75 and a 200 day moving average price of $60.37.

Vertiv (NYSE:VRT) last released its quarterly earnings data on Wednesday, April 24th. The company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.37 by $0.06. The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.62 billion. Vertiv had a net margin of 5.79% and a return on equity of 44.95%. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.24 EPS. Sell-side analysts forecast that Vertiv Holdings Co will post 2.42 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Tuesday, March 19th were paid a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.11%. The ex-dividend date was Monday, March 18th. Vertiv’s payout ratio is 9.62%.

Insiders Place Their Bets

In other Vertiv news, insider Yibin Edward Cui sold 668 shares of the stock in a transaction on Saturday, May 4th. The stock was sold at an average price of $94.39, for a total transaction of $63,052.52. Following the transaction, the insider now owns 19,452 shares of the company’s stock, valued at approximately $1,836,074.28. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, insider Yibin Edward Cui sold 668 shares of the firm’s stock in a transaction that occurred on Saturday, May 4th. The shares were sold at an average price of $94.39, for a total value of $63,052.52. Following the sale, the insider now directly owns 19,452 shares of the company’s stock, valued at $1,836,074.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Anders Karlborg sold 46,206 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $93.75, for a total transaction of $4,331,812.50. Following the transaction, the executive vice president now directly owns 23,003 shares of the company’s stock, valued at approximately $2,156,531.25. The disclosure for this sale can be found here. Insiders have sold 3,409,664 shares of company stock valued at $310,846,212 in the last ninety days. Insiders own 5.62% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Williams Jones Wealth Management LLC. acquired a new position in shares of Vertiv during the first quarter worth about $19,054,000. Inspire Investing LLC purchased a new position in Vertiv in the 1st quarter worth approximately $907,000. Donoghue Forlines LLC acquired a new stake in Vertiv in the first quarter valued at approximately $2,296,000. Fiduciary Family Office LLC purchased a new position in shares of Vertiv in the first quarter valued at $210,000. Finally, Sei Investments Co. grew its holdings in Vertiv by 17.9% during the 1st quarter. Sei Investments Co. now owns 662,675 shares of the company’s stock valued at $54,124,000 after purchasing an additional 100,601 shares in the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.

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.