Vertiv (NYSE:VRT) Earns Buy Rating from Analysts at UBS Group

14 Nov 2024, 12:08 by Michael Walen · The Markets Daily

UBS Group started coverage on shares of Vertiv (NYSE:VRT – Free Report) in a research report report published on Wednesday, Marketbeat reports. The brokerage issued a buy rating and a $155.00 target price on the stock.

Several other equities research analysts have also recently issued reports on the stock. Bank of America raised their target price on shares of Vertiv from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. The Goldman Sachs Group decreased their price target on shares of Vertiv from $116.00 to $104.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Oppenheimer boosted their price objective on shares of Vertiv from $115.00 to $121.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. TD Cowen increased their target price on Vertiv from $93.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, Jefferies Financial Group initiated coverage on Vertiv in a report on Monday, October 7th. They issued a “buy” rating and a $125.00 target price on the stock. Ten investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $125.40.

Read Our Latest Analysis on Vertiv

Vertiv Trading Up 0.6 %

Shares of Vertiv stock opened at $124.54 on Wednesday. The firm has a market cap of $46.74 billion, a PE ratio of 84.89, a P/E/G ratio of 1.34 and a beta of 1.58. The company has a quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 1.60. Vertiv has a fifty-two week low of $41.01 and a fifty-two week high of $130.30. The business’s fifty day moving average is $102.48 and its two-hundred day moving average is $93.08.

Vertiv (NYSE:VRT – Get Free Report) last released its earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.07. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. The firm had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the prior year, the business posted $0.52 earnings per share. The firm’s revenue for the quarter was up 19.0% compared to the same quarter last year. Analysts anticipate that Vertiv will post 2.69 earnings per share for the current year.

Vertiv Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Tuesday, September 17th were given a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.08%. The ex-dividend date was Tuesday, September 17th. Vertiv’s dividend payout ratio (DPR) is presently 6.67%.

Insider Transactions at Vertiv

In related news, insider Karsten Winther sold 44,924 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $79.99, for a total transaction of $3,593,470.76. Following the sale, the insider now directly owns 10,542 shares in the company, valued at approximately $843,254.58. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 5.01% of the company’s stock.

Institutional Investors Weigh In On Vertiv

A number of large investors have recently added to or reduced their stakes in the company. ORG Partners LLC boosted its position in Vertiv by 25.1% in the 3rd quarter. ORG Partners LLC now owns 458 shares of the company’s stock valued at $46,000 after buying an additional 92 shares during the last quarter. Allworth Financial LP lifted its stake in shares of Vertiv by 18.6% in the third quarter. Allworth Financial LP now owns 638 shares of the company’s stock worth $63,000 after acquiring an additional 100 shares in the last quarter. NBC Securities Inc. boosted its holdings in Vertiv by 0.9% in the third quarter. NBC Securities Inc. now owns 13,125 shares of the company’s stock valued at $1,305,000 after purchasing an additional 112 shares during the last quarter. Nvwm LLC grew its stake in Vertiv by 1.3% during the 3rd quarter. Nvwm LLC now owns 10,035 shares of the company’s stock valued at $998,000 after purchasing an additional 124 shares in the last quarter. Finally, Callan Family Office LLC grew its stake in Vertiv by 0.9% during the 3rd quarter. Callan Family Office LLC now owns 14,989 shares of the company’s stock valued at $1,491,000 after purchasing an additional 137 shares in the last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.

About Vertiv

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