Vertiv (NYSE:VRT) PT Raised to $110.00

Vertiv (NYSE:VRT) had its price target raised by Citigroup from $102.00 to $110.00 in a report published on Thursday, Benzinga reports. They currently have a buy rating on the stock.

A number of other equities analysts also recently weighed in on the stock. Oppenheimer lifted their target price on shares of Vertiv from $96.00 to $98.00 and gave the stock an outperform rating in a research note on Thursday. JPMorgan Chase & Co. lifted their price target on shares of Vertiv from $95.00 to $100.00 and gave the company an overweight rating in a research note on Thursday. Evercore ISI lifted their price target on shares of Vertiv from $90.00 to $95.00 and gave the company an outperform rating in a research note on Thursday. Bank of America lifted their price target on shares of Vertiv from $80.00 to $90.00 and gave the company a buy rating in a research note on Monday, March 18th. Finally, Mizuho lifted their price target on shares of Vertiv from $50.00 to $56.00 and gave the company a neutral rating in a research note on Thursday, February 22nd. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average price target of $81.11.

Vertiv Price Performance

Shares of NYSE VRT opened at $93.49 on Thursday. Vertiv has a twelve month low of $13.73 and a twelve month high of $95.32. The firm has a fifty day simple moving average of $76.51 and a 200 day simple moving average of $57.59. The company has a market capitalization of $35.71 billion, a PE ratio of 89.89, a P/E/G ratio of 1.44 and a beta of 1.59. The company has a quick ratio of 1.35, a current ratio of 1.74 and a debt-to-equity ratio of 1.45.

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

Vertiv Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Tuesday, March 19th were issued 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 dividend payout ratio (DPR) is presently 9.62%.

Insider Buying and Selling

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. raised its position in shares of Vertiv by 161.7% in the third quarter. First Horizon Advisors Inc. now owns 662 shares of the company’s stock valued at $25,000 after purchasing an additional 409 shares during the period. Bogart Wealth LLC bought a new stake in shares of Vertiv in the first quarter valued at approximately $25,000. GAMMA Investing LLC bought a new stake in shares of Vertiv in the fourth quarter valued at approximately $26,000. Raleigh Capital Management Inc. raised its position in shares of Vertiv by 79.0% in the fourth quarter. Raleigh Capital Management Inc. now owns 571 shares of the company’s stock valued at $27,000 after purchasing an additional 252 shares during the period. Finally, Atticus Wealth Management LLC bought a new stake in shares of Vertiv in the first quarter valued at approximately $27,000. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

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.