Vertiv (NYSE:VRT) Given New $141.00 Price Target at Citigroup

Vertiv (NYSE:VRT) had its price target boosted by equities research analysts at Citigroup from $134.00 to $141.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s price objective points to a potential upside of 2.50% from the company’s current price.

Other equities analysts also recently issued reports about the company. UBS Group initiated coverage on Vertiv in a research report on Wednesday, November 13th. They set a “buy” rating and a $155.00 target price on the stock. The Goldman Sachs Group boosted their price objective on Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a research note on Tuesday. Oppenheimer increased their target price on shares of Vertiv from $121.00 to $131.00 and gave the stock an “outperform” rating in a report on Tuesday. Mizuho lifted their price target on shares of Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, Evercore ISI increased their price objective 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. Ten investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $138.50.

Vertiv Trading Down 2.4 %

Vertiv stock opened at $137.56 on Tuesday. Vertiv has a 52-week low of $41.01 and a 52-week high of $141.76. The company has a market cap of $51.63 billion, a P/E ratio of 91.71, a P/E/G ratio of 1.31 and a beta of 1.58. The company has a quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 1.60. The business has a 50-day simple moving average of $108.75 and a two-hundred day simple moving average of $94.57.

Vertiv (NYSE:VRT) last announced its 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. The business had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $1.98 billion. Vertiv had a net margin of 7.72% and a return on equity of 55.33%. The firm’s revenue was up 19.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.52 earnings per share. Analysts predict that Vertiv will post 2.69 EPS for the current year.

Insider Buying and Selling

In other Vertiv news, insider Karsten Winther sold 44,924 shares of Vertiv stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $79.99, for a total value of $3,593,470.76. Following the sale, the insider now owns 10,542 shares of the company’s stock, valued at $843,254.58. The trade was a 80.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 5.01% of the stock is owned by company insiders.

Institutional Investors Weigh In On Vertiv

Large investors have recently bought and sold shares of the business. State Street Corp lifted its position in Vertiv by 4.2% during the third quarter. State Street Corp now owns 7,635,081 shares of the company’s stock valued at $759,614,000 after purchasing an additional 308,704 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Vertiv by 7.4% in the 3rd quarter. Geode Capital Management LLC now owns 5,951,784 shares of the company’s stock valued at $592,433,000 after acquiring an additional 408,054 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Vertiv by 303.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,777,057 shares of the company’s stock worth $390,143,000 after acquiring an additional 3,591,903 shares in the last quarter. Jennison Associates LLC increased its stake in Vertiv by 10,825.0% during the third quarter. Jennison Associates LLC now owns 4,600,415 shares of the company’s stock worth $457,695,000 after acquiring an additional 4,558,306 shares during the last quarter. Finally, Wellington Management Group LLP raised its position in Vertiv by 271.0% during the third quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company’s stock valued at $389,548,000 after purchasing an additional 2,860,181 shares during the period. 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.