UBS Group Raises Vertiv (NYSE:VRT) Price Target to $173.00

Vertiv (NYSE:VRT) had its price target increased by research analysts at UBS Group from $135.00 to $173.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. UBS Group’s price objective points to a potential upside of 22.12% from the stock’s previous close.

VRT has been the subject of a number of other research reports. Royal Bank Of Canada upped their price objective on shares of Vertiv from $143.00 to $162.00 and gave the company an “outperform” rating in a research note on Thursday. Melius raised shares of Vertiv from a “hold” rating to a “buy” rating and set a $165.00 price objective for the company in a research note on Tuesday, July 8th. Barclays set a $128.00 price objective on shares of Vertiv and gave the company an “equal weight” rating in a research note on Thursday. William Blair started coverage on shares of Vertiv in a report on Monday, July 28th. They set an “outperform” rating for the company. Finally, Cowen reiterated a “buy” rating on shares of Vertiv in a report on Thursday, April 24th. Three investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $144.06.

Vertiv Price Performance

VRT stock opened at $141.66 on Thursday. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.74 and a quick ratio of 1.28. Vertiv has a one year low of $53.60 and a one year high of $155.84. The stock has a market cap of $53.99 billion, a PE ratio of 67.78, a P/E/G ratio of 1.36 and a beta of 1.77. The firm has a 50 day simple moving average of $122.46 and a two-hundred day simple moving average of $104.87.

Vertiv (NYSE:VRT) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.12. Vertiv had a net margin of 8.93% and a return on equity of 51.64%. The business had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.36 billion. During the same quarter in the previous year, the company earned $0.67 EPS. The business’s quarterly revenue was up 35.1% compared to the same quarter last year. On average, analysts predict that Vertiv will post 3.59 EPS for the current fiscal year.

Insider Buying and Selling at Vertiv

In other Vertiv news, insider Karsten Winther sold 5,500 shares of the company’s stock in a transaction on Friday, May 9th. The shares were sold at an average price of $94.33, for a total value of $518,815.00. Following the completion of the transaction, the insider directly owned 18,847 shares in the company, valued at approximately $1,777,837.51. This represents a 22.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Stephen Liang sold 43,683 shares of the stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $115.83, for a total transaction of $5,059,801.89. Following the completion of the transaction, the executive vice president owned 9,551 shares of the company’s stock, valued at approximately $1,106,292.33. The trade was a 82.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.63% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Howard Capital Management Inc. bought a new position in shares of Vertiv in the 2nd quarter worth about $229,000. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in shares of Vertiv by 18.0% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 78,500 shares of the company’s stock worth $10,080,000 after acquiring an additional 12,000 shares in the last quarter. SYM FINANCIAL Corp bought a new position in shares of Vertiv in the 2nd quarter worth about $302,000. United Capital Management of KS Inc. bought a new position in shares of Vertiv in the 2nd quarter worth about $514,000. Finally, Teacher Retirement System of Texas increased its stake in shares of Vertiv by 5.3% in the 2nd quarter. Teacher Retirement System of Texas now owns 54,901 shares of the company’s stock worth $7,050,000 after acquiring an additional 2,774 shares in the last quarter. 89.92% of the stock is currently owned by institutional investors.

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.