Vertiv (NYSE:VRT) Price Target Increased to $134.00 by Analysts at Citigroup

Vertiv (NYSE:VRT) had its target price hoisted by equities research analysts at Citigroup from $130.00 to $134.00 in a report released on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s target price suggests a potential upside of 19.49% from the company’s current price.

Several other equities research analysts have also recently commented on VRT. TD Cowen raised their target price on shares of Vertiv from $89.00 to $93.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Oppenheimer lifted their price objective on Vertiv from $100.00 to $115.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Jefferies Financial Group initiated coverage on Vertiv in a report on Monday, October 7th. They set a “buy” rating and a $125.00 target price on the stock. The Goldman Sachs Group lowered their target price on Vertiv from $116.00 to $104.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. Finally, Mizuho increased their price objective on Vertiv from $110.00 to $125.00 and gave the stock an “outperform” rating in a report on Thursday. Nine analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $122.11.

Vertiv Stock Up 1.9 %

Shares of NYSE:VRT opened at $112.14 on Thursday. The stock’s 50-day moving average is $92.92 and its 200 day moving average is $89.97. The company has a market cap of $41.98 billion, a PE ratio of 107.83, a P/E/G ratio of 1.42 and a beta of 1.59. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.36 and a quick ratio of 1.00. Vertiv has a 1 year low of $34.60 and a 1 year high of $116.41.

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

Insider Buying and Selling

In other Vertiv news, insider Karsten Winther sold 44,924 shares of the firm’s stock in a transaction dated 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 sale, the insider now directly owns 10,542 shares in the company, valued at approximately $843,254.58. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.01% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Vertiv

A number of institutional investors have recently made changes to their positions in the company. Financial Advocates Investment Management bought a new position in Vertiv in the 3rd quarter valued at approximately $210,000. SteelPeak Wealth LLC raised its stake in shares of Vertiv by 265.9% in the third quarter. SteelPeak Wealth LLC now owns 12,034 shares of the company’s stock worth $1,197,000 after purchasing an additional 8,745 shares during the last quarter. First Trust Direct Indexing L.P. lifted its holdings in shares of Vertiv by 47.2% during the third quarter. First Trust Direct Indexing L.P. now owns 4,084 shares of the company’s stock valued at $406,000 after purchasing an additional 1,310 shares in the last quarter. New York State Teachers Retirement System boosted its position in shares of Vertiv by 19.9% during the third quarter. New York State Teachers Retirement System now owns 31,278 shares of the company’s stock valued at $3,112,000 after buying an additional 5,187 shares during the last quarter. Finally, Davidson Capital Management Inc. bought a new stake in Vertiv in the 3rd quarter worth about $2,039,000. 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.