Vertiv (NYSE:VRT) PT Raised to $140.00 at Bank of America

Vertiv (NYSE:VRT) had its price objective raised by equities researchers at Bank of America from $130.00 to $140.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Bank of America‘s price target indicates a potential upside of 24.84% from the stock’s current price.

A number of other analysts have also recently weighed in on the stock. Oppenheimer boosted their price objective on shares of Vertiv from $100.00 to $115.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. TD Cowen boosted their target price on shares of Vertiv from $89.00 to $93.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Jefferies Financial Group began coverage on Vertiv in a research report on Monday, October 7th. They issued a “buy” rating and a $125.00 price target on the stock. The Goldman Sachs Group decreased their target price on Vertiv from $116.00 to $104.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. Finally, Mizuho lifted their price target on Vertiv from $110.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $122.11.

Vertiv Trading Up 1.9 %

Shares of NYSE:VRT opened at $112.14 on Thursday. The company has a current ratio of 1.36, a quick ratio of 1.00 and a debt-to-equity ratio of 1.90. The stock has a market capitalization of $41.98 billion, a PE ratio of 107.83, a P/E/G ratio of 1.42 and a beta of 1.59. Vertiv has a 1 year low of $34.60 and a 1 year high of $116.41. The firm has a fifty day moving average price of $92.92 and a 200 day moving average price of $89.97.

Vertiv (NYSE:VRT) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.07. Vertiv had a return on equity of 50.79% and a net margin of 6.93%. The company had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the prior year, the company posted $0.52 EPS. The firm’s revenue was up 19.0% on a year-over-year basis. Analysts expect that Vertiv will post 2.58 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Karsten Winther sold 44,924 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $79.99, for a total value of $3,593,470.76. Following the completion of the transaction, the insider now owns 10,542 shares in the company, valued at approximately $843,254.58. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 5.01% of the stock is owned by company insiders.

Institutional Trading of Vertiv

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Anchor Investment Management LLC acquired a new stake in Vertiv during the second quarter valued at approximately $26,000. Atticus Wealth Management LLC bought a new position in shares of Vertiv during the 1st quarter worth approximately $27,000. Mather Group LLC. boosted its stake in 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 buying an additional 200 shares in the last quarter. Krane Funds Advisors LLC acquired a new stake in Vertiv in the 3rd quarter valued at $29,000. Finally, Global Trust Asset Management LLC bought a new stake in Vertiv in the third quarter valued at $30,000. Institutional investors own 89.92% of the company’s stock.

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.