Vertiv (NYSE:VRT) Price Target Raised to $145.00

by · The Cerbat Gem

Vertiv (NYSE:VRT – Free Report) had its price target raised by Mizuho from $125.00 to $145.00 in a research note released on Tuesday,Benzinga reports. They currently have an outperform rating on the stock.

A number of other equities research analysts have also recently weighed in on VRT. Citigroup boosted their price target on shares of Vertiv from $130.00 to $134.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Bank of America boosted their target price on Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, October 24th. UBS Group began coverage on Vertiv in a research note on Wednesday, November 13th. They set a “buy” rating and a $155.00 price target on the stock. Evercore ISI boosted their price objective on Vertiv from $125.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Finally, TD Cowen lifted their target price on shares of Vertiv from $93.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Ten analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $138.50.

Get Our Latest Report on VRT

Vertiv Trading Up 3.1 %

VRT opened at $141.75 on Tuesday. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.38. Vertiv has a one year low of $41.01 and a one year high of $145.67. The company has a market cap of $53.20 billion, a P/E ratio of 94.50, a PEG ratio of 1.53 and a beta of 1.58. The business’s 50-day simple moving average is $109.85 and its 200-day simple moving average is $94.90.

Vertiv (NYSE:VRT – Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.69 by $0.07. The company had revenue of $2.07 billion for the quarter, compared to analyst estimates of $1.98 billion. Vertiv had a net margin of 7.72% and a return on equity of 55.33%. The firm’s revenue was up 19.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.52 earnings per share. As a group, equities research analysts expect that Vertiv will post 2.69 EPS for the current fiscal year.

Vertiv Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd will be issued a dividend of $0.0375 per share. This is an increase from Vertiv’s previous quarterly dividend of $0.03. This represents a $0.15 annualized dividend and a yield of 0.11%. The ex-dividend date is Tuesday, December 3rd. Vertiv’s dividend payout ratio (DPR) is 6.67%.

Insider Buying and Selling at Vertiv

In other news, insider Karsten Winther sold 44,924 shares of Vertiv stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $79.99, for a total value of $3,593,470.76. Following the completion of the sale, the insider now owns 10,542 shares of the company’s stock, valued at $843,254.58. The trade was a 80.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 5.01% of the stock is currently owned by insiders.

Institutional Trading of Vertiv

A number of hedge funds have recently added to or reduced their stakes in the business. Anchor Investment Management LLC acquired a new stake in shares of Vertiv in the second quarter worth approximately $26,000. Mather Group LLC. boosted its holdings in shares of Vertiv by 132.5% in the 2nd quarter. Mather Group LLC. now owns 351 shares of the company’s stock valued at $29,000 after purchasing an additional 200 shares during the last quarter. Krane Funds Advisors LLC purchased a new stake in shares of Vertiv during the 3rd quarter valued at $29,000. Global Trust Asset Management LLC acquired a new stake in shares of Vertiv during the 3rd quarter worth $30,000. Finally, Mark Sheptoff Financial Planning LLC increased its holdings in shares of Vertiv by 200.0% during the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock worth $30,000 after buying an additional 200 shares during the last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.

Vertiv Company Profile

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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.

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