Vertiv (NYSE:VRT) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Vertiv (NYSE:VRT) had its price target boosted by research analysts at JPMorgan Chase & Co. from $127.00 to $150.00 in a report issued on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 5.89% from the stock’s previous close.

Several other analysts also recently issued reports on the stock. Oppenheimer boosted their target price on shares of Vertiv from $140.00 to $151.00 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 target price on the stock in a research note on Tuesday, July 8th. Melius Research raised shares of Vertiv from a “hold” rating to a “strong-buy” rating and boosted their target price for the company from $134.00 to $165.00 in a research note on Tuesday, July 8th. Cowen reissued a “buy” rating on shares of Vertiv in a research note on Thursday, April 24th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Vertiv in a research note on Friday, July 11th. Three research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Vertiv currently has an average rating of “Moderate Buy” and a consensus price target of $144.06.

Vertiv Price Performance

Shares of NYSE:VRT opened at $141.66 on Thursday. Vertiv has a one year low of $53.60 and a one year high of $155.84. The stock has a fifty day moving average of $122.46 and a 200-day moving average of $104.87. The company has a market capitalization of $53.99 billion, a PE ratio of 67.78, a price-to-earnings-growth ratio of 1.36 and a beta of 1.77. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.28 and a current ratio of 1.74.

Vertiv (NYSE:VRT) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.12. Vertiv had a return on equity of 51.64% and a net margin of 8.93%. The company had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter in the prior year, the firm earned $0.67 EPS. The company’s quarterly revenue was up 35.1% compared to the same quarter last year. As a group, equities analysts anticipate that Vertiv will post 3.59 EPS for the current fiscal year.

Insider Buying and Selling at Vertiv

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

Hedge Funds Weigh In On Vertiv

Hedge funds have recently bought and sold shares of the business. GW&K Investment Management LLC acquired a new position in Vertiv during the first quarter worth $26,000. SouthState Corp acquired a new position in Vertiv during the first quarter worth $27,000. Avion Wealth increased its position in Vertiv by 99.1% during the second quarter. Avion Wealth now owns 213 shares of the company’s stock worth $27,000 after buying an additional 106 shares during the last quarter. North Star Investment Management Corp. boosted its holdings in Vertiv by 4,120.0% during the first quarter. North Star Investment Management Corp. now owns 422 shares of the company’s stock valued at $30,000 after acquiring an additional 412 shares during the period. Finally, Sachetta LLC boosted its holdings in Vertiv by 242.0% during the first quarter. Sachetta LLC now owns 448 shares of the company’s stock valued at $32,000 after acquiring an additional 317 shares during the period. 89.92% of the stock is owned by institutional investors and hedge funds.

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.