Vertiv (NYSE:VRT) Price Target Raised to $141.00

Vertiv (NYSE:VRT) had its price objective increased by analysts at Citigroup from $134.00 to $141.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s price objective would suggest a potential upside of 4.25% from the company’s current price.

Several other equities research analysts have also recently commented on the company. Mizuho boosted their target price on Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a report on Tuesday. Bank of America increased their price objective on Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. TD Cowen boosted 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. UBS Group began coverage on Vertiv in a research report on Wednesday, November 13th. They issued a “buy” rating and a $155.00 price target for the company. Finally, The Goldman Sachs Group boosted their price objective on Vertiv from $126.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday. Ten research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Vertiv currently has an average rating of “Buy” and a consensus target price of $138.50.

Vertiv Stock Up 9.9 %

NYSE VRT traded up $12.23 on Tuesday, hitting $135.25. 6,047,632 shares of the stock traded hands, compared to its average volume of 8,158,379. The company has a current ratio of 1.38, a quick ratio of 1.02 and a debt-to-equity ratio of 1.60. The stock has a 50-day moving average of $106.34 and a 200 day moving average of $93.93. Vertiv has a twelve month low of $41.01 and a twelve month high of $135.85. The company has a market capitalization of $50.76 billion, a P/E ratio of 90.17, a price-to-earnings-growth ratio of 1.31 and a beta of 1.58.

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

Insider Buying and Selling at Vertiv

In other news, insider Karsten Winther sold 44,924 shares of Vertiv stock in a transaction dated 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 transaction, the insider now directly owns 10,542 shares in the company, valued at approximately $843,254.58. The trade was a 80.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 5.01% of the company’s stock.

Institutional Trading of Vertiv

Several hedge funds and other institutional investors have recently bought and sold shares of VRT. Krane Funds Advisors LLC acquired a new stake in Vertiv during the third quarter worth about $29,000. Anchor Investment Management LLC bought a new stake in shares of Vertiv in the 2nd quarter worth approximately $26,000. Global Trust Asset Management LLC acquired a new stake in shares of Vertiv during the 3rd quarter worth approximately $30,000. Mark Sheptoff Financial Planning LLC increased its position in shares of Vertiv by 200.0% during the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock valued at $30,000 after purchasing an additional 200 shares during the period. Finally, Brooklyn Investment Group acquired a new position in shares of Vertiv in the third quarter valued at $30,000. 89.92% of the stock is currently owned by institutional investors and hedge funds.

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.