Vertiv (NYSE:VRT) Given New $121.00 Price Target at Oppenheimer

Vertiv (NYSE:VRT) had its target price upped by Oppenheimer from $115.00 to $121.00 in a report published on Thursday, Benzinga reports. They currently have an outperform rating on the stock.

Several other equities research analysts have also recently issued reports on the stock. Bank of America boosted their price objective on shares of Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday. Mizuho boosted their price objective on shares of Vertiv from $110.00 to $125.00 and gave the company an “outperform” rating in a research report on Thursday. Evercore ISI boosted their price target on shares of Vertiv from $105.00 to $125.00 and gave the company an “outperform” rating in a report on Monday, October 7th. TD Cowen boosted their price target on shares of Vertiv from $89.00 to $93.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Finally, The Goldman Sachs Group reduced their price target on shares of Vertiv from $116.00 to $104.00 and set a “buy” rating for the company in a report on Thursday, July 25th. Nine analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $122.11.

Vertiv Price Performance

VRT stock opened at $112.17 on Thursday. The stock has a market cap of $42.08 billion, a PE ratio of 87.63, a P/E/G ratio of 1.47 and a beta of 1.59. The company has a current ratio of 1.36, a quick ratio of 1.00 and a debt-to-equity ratio of 1.90. Vertiv has a 12 month low of $34.60 and a 12 month high of $116.41. The company has a 50-day moving average price of $93.57 and a 200 day moving average price of $90.26.

Vertiv (NYSE:VRT) last released its quarterly earnings data 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 company had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $1.98 billion. Vertiv had a net margin of 6.93% and a return on equity of 50.79%. The firm’s quarterly revenue was up 19.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.52 EPS. Equities research analysts anticipate that Vertiv will post 2.58 earnings per share for the current year.

Vertiv Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Tuesday, September 17th were paid a dividend of $0.025 per share. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $0.10 annualized dividend and a dividend yield of 0.09%. Vertiv’s dividend payout ratio (DPR) is presently 7.81%.

Insider Buying and Selling

In related news, insider Karsten Winther sold 44,924 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $79.99, for a total transaction of $3,593,470.76. Following the completion of the transaction, the insider now owns 10,542 shares in the company, valued at $843,254.58. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 5.01% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Krane Funds Advisors LLC bought a new position in shares of Vertiv during the 3rd quarter worth approximately $29,000. Anchor Investment Management LLC acquired a new position in Vertiv during the 2nd quarter valued at approximately $26,000. Global Trust Asset Management LLC acquired a new position in Vertiv during the 3rd quarter valued at approximately $30,000. Atticus Wealth Management LLC acquired a new position in Vertiv during the 1st quarter valued at approximately $27,000. Finally, Mather Group LLC. increased its stake in Vertiv by 132.5% during the 2nd quarter. Mather Group LLC. now owns 351 shares of the company’s stock valued at $29,000 after purchasing an additional 200 shares in the last quarter. 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.