Vertiv (NYSE:VRT) Price Target Raised to $135.00 at Evercore ISI

Vertiv (NYSE:VRT) had its price target increased by Evercore ISI from $125.00 to $135.00 in a research note issued to investors on Thursday, Benzinga reports. They currently have an outperform rating on the stock.

Several other research analysts have also recently weighed in on VRT. Bank of America upped their price objective on Vertiv from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday. Mizuho upped their price objective on Vertiv from $110.00 to $125.00 and gave the stock an “outperform” rating in a research note on Thursday. The Goldman Sachs Group decreased their target price on shares of Vertiv from $116.00 to $104.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. Citigroup boosted their price target on Vertiv from $130.00 to $134.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Jefferies Financial Group initiated coverage on shares of Vertiv in a report on Monday, October 7th. They issued a “buy” rating and a $125.00 price objective on the stock. Nine research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $122.11.

Vertiv Trading Up 1.9 %

VRT opened at $112.17 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 firm has a 50-day moving average price of $93.57 and a two-hundred day moving average price of $90.26. Vertiv has a 1-year low of $34.60 and a 1-year high of $116.41. The stock has a market capitalization of $42.08 billion, a PE ratio of 87.63, a PEG ratio of 1.47 and a beta of 1.59.

Vertiv (NYSE:VRT) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $1.98 billion. During the same period in the prior year, the business posted $0.52 EPS. Vertiv’s revenue was up 19.0% on a year-over-year basis. As a group, equities analysts anticipate that Vertiv will post 2.58 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Tuesday, September 17th were issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.09%. The ex-dividend date of this dividend was Tuesday, September 17th. Vertiv’s payout ratio is currently 7.81%.

Insider Buying and Selling

In related news, insider Karsten Winther sold 44,924 shares of Vertiv 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 transaction, the insider now directly owns 10,542 shares of the company’s stock, valued at $843,254.58. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 5.01% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Vertiv

A number of institutional investors have recently bought and sold shares of the stock. Anchor Investment Management LLC bought a new stake in shares of Vertiv during the 2nd quarter valued at $26,000. Atticus Wealth Management LLC bought a new position in shares of Vertiv in the first quarter worth approximately $27,000. Mather Group LLC. lifted its position 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 acquiring an additional 200 shares in the last quarter. Krane Funds Advisors LLC purchased a new stake in Vertiv during the 3rd quarter valued at $29,000. Finally, Global Trust Asset Management LLC bought a new stake in Vertiv in the 3rd quarter worth about $30,000. 89.92% of the stock is owned by institutional investors.

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.