Vertiv (NYSE:VRT) PT Raised to $95.00 at Evercore ISI

Vertiv (NYSE:VRT) had its price objective increased by Evercore ISI from $90.00 to $95.00 in a report released on Thursday, Benzinga reports. They currently have an outperform rating on the stock.

Other equities analysts have also recently issued reports about the stock. Mizuho upped their target price 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. Oppenheimer upped their target price on shares of Vertiv from $96.00 to $98.00 and gave the company an outperform rating in a research note on Thursday. Citigroup upped their target price on shares of Vertiv from $69.00 to $102.00 and gave the company a buy rating in a research note on Monday, April 8th. Bank of America upped their target price 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, JPMorgan Chase & Co. upped their target price on shares of Vertiv from $95.00 to $100.00 and gave the company an overweight rating in a research note on Thursday. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus price target of $81.11.

Vertiv Price Performance

Shares of Vertiv stock opened at $93.49 on Thursday. 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 current ratio of 1.74, a quick ratio of 1.35 and a debt-to-equity ratio of 1.45. Vertiv has a 1-year low of $13.73 and a 1-year high of $95.32. The stock has a market capitalization of $35.71 billion, a price-to-earnings ratio of 89.89, a PEG ratio of 1.44 and a beta of 1.59.

Vertiv (NYSE:VRT) last issued its quarterly earnings data 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 analysts’ expectations of $1.62 billion. During the same period in the previous year, the company earned $0.24 earnings per share. Vertiv’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, sell-side analysts expect that Vertiv will post 2.35 earnings per share for the current year.

Vertiv Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Tuesday, March 19th were issued a $0.025 dividend. 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 at Vertiv

In other Vertiv news, CAO Scott Cripps sold 56,594 shares of the business’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $70.76, for a total value of $4,004,591.44. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, EVP Stephen Liang sold 306,196 shares of the company’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 sale, the executive vice president now owns 51,841 shares of the company’s stock, valued at approximately $3,641,311.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Scott Cripps sold 56,594 shares of the company’s stock in a transaction dated Friday, March 8th. The stock was 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. Insiders own 5.62% of the company’s stock.

Institutional Investors Weigh In On Vertiv

Several large investors have recently made changes to their positions in the company. GAMMA Investing LLC grew its holdings in shares of Vertiv by 22.3% in the 1st quarter. GAMMA Investing LLC now owns 653 shares of the company’s stock worth $53,000 after purchasing an additional 119 shares during the last quarter. Lindbrook Capital LLC grew its holdings in shares of Vertiv by 33.2% in the 1st quarter. Lindbrook Capital LLC now owns 550 shares of the company’s stock worth $45,000 after purchasing an additional 137 shares during the last quarter. Quadrant Capital Group LLC grew its holdings in shares of Vertiv by 24.7% in the 4th quarter. Quadrant Capital Group LLC now owns 857 shares of the company’s stock worth $41,000 after purchasing an additional 170 shares during the last quarter. Farmers & Merchants Investments Inc. grew its holdings in Vertiv by 66.7% during the 1st quarter. Farmers & Merchants Investments Inc. now owns 500 shares of the company’s stock worth $41,000 after acquiring an additional 200 shares during the last quarter. Finally, Simon Quick Advisors LLC grew its holdings in Vertiv by 1.0% during the 4th quarter. Simon Quick Advisors LLC now owns 20,065 shares of the company’s stock worth $964,000 after acquiring an additional 205 shares during 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.