Vertiv (NYSE:VRT) Coverage Initiated by Analysts at Morgan Stanley

Research analysts at Morgan Stanley began coverage on shares of Vertiv (NYSE:VRT) in a research report issued to clients and investors on Monday, Marketbeat Ratings reports. The brokerage set an “overweight” rating and a $150.00 price target on the stock. Morgan Stanley’s price target would indicate a potential upside of 14.99% from the company’s previous close.

A number of other brokerages also recently issued reports on VRT. Jefferies Financial Group assumed coverage on Vertiv in a report on Monday, October 7th. They issued a “buy” rating and a $125.00 price target for the company. The Goldman Sachs Group increased their price target on shares of Vertiv from $126.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Oppenheimer lifted their price objective on shares of Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Evercore ISI increased their target price on shares of Vertiv from $125.00 to $135.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Finally, UBS Group started coverage on Vertiv in a research note on Wednesday, November 13th. They issued a “buy” rating and a $155.00 price target for the company. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, Vertiv currently has an average rating of “Moderate Buy” and an average price target of $140.92.

Vertiv Stock Down 2.7 %

Vertiv stock opened at $130.45 on Monday. Vertiv has a fifty-two week low of $46.62 and a fifty-two week high of $145.67. The company has a market cap of $48.96 billion, a PE ratio of 86.97, a PEG ratio of 1.29 and a beta of 1.63. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.38. The business’s 50-day simple moving average is $123.56 and its two-hundred day simple moving average is $101.34.

Vertiv (NYSE:VRT) last issued its quarterly 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. The company had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $1.98 billion. Vertiv had a net margin of 7.72% and a return on equity of 55.33%. Vertiv’s quarterly revenue was up 19.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.52 EPS. Equities analysts anticipate that Vertiv will post 2.69 EPS for the current year.

Insider Transactions at Vertiv

In other Vertiv news, insider Anand Sanghi sold 30,914 shares of Vertiv stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $141.46, for a total transaction of $4,373,094.44. Following the sale, the insider now owns 19,448 shares of the company’s stock, valued at $2,751,114.08. The trade was a 61.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Stephen Liang sold 86,619 shares of the stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $131.07, for a total transaction of $11,353,152.33. Following the completion of the sale, the executive vice president now owns 19,551 shares of the company’s stock, valued at $2,562,549.57. This trade represents a 81.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 171,527 shares of company stock valued at $23,105,682 over the last ninety days. Insiders own 5.01% of the company’s stock.

Hedge Funds Weigh In On Vertiv

Institutional investors have recently added to or reduced their stakes in the stock. Anchor Investment Management LLC acquired a new stake in shares of Vertiv in the 2nd quarter worth $26,000. Krane Funds Advisors LLC acquired a new stake in Vertiv during the third quarter worth about $29,000. Global Trust Asset Management LLC purchased a new position in Vertiv during the third quarter worth about $30,000. Mark Sheptoff Financial Planning LLC boosted its holdings in Vertiv by 200.0% in the 3rd 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 last quarter. Finally, Brooklyn Investment Group purchased a new stake in shares of Vertiv in the 3rd quarter valued at approximately $30,000. Hedge funds and other 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.