JPMorgan Chase & Co. Raises Vertiv (NYSE:VRT) Price Target to $100.00

Vertiv (NYSE:VRT) had its price objective raised by JPMorgan Chase & Co. from $95.00 to $100.00 in a research note released on Thursday morning, Benzinga reports. They currently have an overweight rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. Bank of America lifted their price objective on shares of Vertiv from $80.00 to $90.00 and gave the company a buy rating in a research report on Monday, March 18th. Evercore ISI lifted their price objective on shares of Vertiv from $80.00 to $90.00 and gave the company an outperform rating in a research report on Friday, April 5th. Mizuho lifted their price objective on shares of Vertiv from $50.00 to $56.00 and gave the company a neutral rating in a research report on Thursday, February 22nd. Citigroup lifted their price objective on shares of Vertiv from $69.00 to $102.00 and gave the company a buy rating in a research report on Monday, April 8th. Finally, Oppenheimer started coverage on shares of Vertiv in a research report on Friday, April 5th. They issued an outperform rating and a $96.00 price target on the stock. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of Moderate Buy and an average target price of $81.11.

Vertiv Price Performance

Shares of NYSE:VRT opened at $93.49 on Thursday. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.74 and a quick ratio of 1.35. Vertiv has a 1-year low of $13.73 and a 1-year high of $95.32. The company has a market capitalization of $35.71 billion, a P/E ratio of 89.89, a P/E/G ratio of 1.44 and a beta of 1.59. The firm’s 50 day simple moving average is $76.51 and its two-hundred day simple moving average is $57.59.

Vertiv (NYSE:VRT) last issued its quarterly earnings results on Wednesday, April 24th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.06. The business had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.62 billion. Vertiv had a net margin of 5.79% and a return on equity of 42.43%. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.24 earnings per share. Research analysts expect that Vertiv will post 2.35 EPS for the current fiscal year.

Vertiv Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Tuesday, March 19th were paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.11%. The ex-dividend date of this dividend was Monday, March 18th. Vertiv’s payout ratio is 9.62%.

Insiders Place Their Bets

In other Vertiv news, EVP Stephen Liang sold 306,196 shares of Vertiv stock in a transaction on Friday, March 1st. The shares were sold at an average price of $70.24, for a total transaction of $21,507,207.04. Following the completion of the transaction, the executive vice president now directly owns 51,841 shares of the company’s stock, valued at $3,641,311.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Vertiv news, CAO Scott Cripps sold 56,594 shares of Vertiv stock in a transaction on Friday, March 8th. The shares were sold at an average price of $70.76, for a total transaction of $4,004,591.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Stephen Liang sold 306,196 shares of Vertiv stock in a transaction on Friday, March 1st. The stock was sold at an average price of $70.24, for a total transaction of $21,507,207.04. Following the transaction, the executive vice president now directly owns 51,841 shares of the company’s stock, valued at $3,641,311.84. The disclosure for this sale can be found here. 5.62% of the stock is owned by insiders.

Institutional Trading of Vertiv

A number of large investors have recently made changes to their positions in the stock. GAMMA Investing LLC boosted its stake in shares of Vertiv by 22.3% during the first quarter. GAMMA Investing LLC now owns 653 shares of the company’s stock valued at $53,000 after purchasing an additional 119 shares during the period. Lindbrook Capital LLC boosted its stake in shares of Vertiv by 33.2% during the first quarter. Lindbrook Capital LLC now owns 550 shares of the company’s stock valued at $45,000 after purchasing an additional 137 shares during the period. Quadrant Capital Group LLC boosted its stake in shares of Vertiv by 24.7% during the fourth quarter. Quadrant Capital Group LLC now owns 857 shares of the company’s stock valued at $41,000 after purchasing an additional 170 shares during the period. Farmers & Merchants Investments Inc. boosted its stake in shares of Vertiv by 66.7% during the first quarter. Farmers & Merchants Investments Inc. now owns 500 shares of the company’s stock valued at $41,000 after purchasing an additional 200 shares during the period. Finally, Simon Quick Advisors LLC boosted its stake in shares of Vertiv by 1.0% during the fourth quarter. Simon Quick Advisors LLC now owns 20,065 shares of the company’s stock valued at $964,000 after purchasing an additional 205 shares during the period. 89.92% of the stock is owned by hedge funds and other 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.