Vertiv (NYSE:VRT) Price Target Raised to $145.00 at Mizuho

Vertiv (NYSE:VRT) had its target price upped by Mizuho from $125.00 to $145.00 in a research report sent to investors on Tuesday,Benzinga reports. They currently have an outperform rating on the stock.

Several other research firms have also recently issued reports on VRT. Evercore ISI upped their price objective on Vertiv from $125.00 to $135.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Oppenheimer upped their target price on Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a research report on Tuesday. Citigroup upped their target price on Vertiv from $130.00 to $134.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Bank of America upped their target price on Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, The Goldman Sachs Group decreased their target price on Vertiv from $116.00 to $104.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. Ten research 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 $138.50.

Vertiv Trading Up 14.6 %

VRT opened at $140.94 on Tuesday. The business has a fifty day moving average price of $107.65 and a 200 day moving average price of $94.27. The stock has a market capitalization of $52.90 billion, a price-to-earnings ratio of 93.96, a PEG ratio of 1.31 and a beta of 1.58. Vertiv has a 12 month low of $41.01 and a 12 month high of $141.12. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02.

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, topping the consensus estimate 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 return on equity of 55.33% and a net margin of 7.72%. The business’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.52 EPS. Sell-side analysts expect that Vertiv will post 2.69 earnings per share for the current fiscal year.

Vertiv Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd will be paid a dividend of $0.0375 per share. The ex-dividend date is Tuesday, December 3rd. This is an increase from Vertiv’s previous quarterly dividend of $0.03. This represents a $0.15 annualized dividend and a yield of 0.11%. Vertiv’s dividend payout ratio is currently 6.67%.

Insider Buying and Selling at Vertiv

In other news, insider Karsten Winther sold 44,924 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was 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 directly owns 10,542 shares of the company’s stock, valued at approximately $843,254.58. This represents a 80.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 5.01% of the stock is owned by company insiders.

Hedge Funds Weigh In On Vertiv

Large investors have recently modified their holdings of the business. Anchor Investment Management LLC purchased a new position in shares of Vertiv during the 2nd quarter worth approximately $26,000. Mather Group LLC. raised its stake in shares of Vertiv by 132.5% during the 2nd quarter. Mather Group LLC. now owns 351 shares of the company’s stock worth $29,000 after buying an additional 200 shares in the last quarter. Krane Funds Advisors LLC purchased a new position in shares of Vertiv during the 3rd quarter worth approximately $29,000. Global Trust Asset Management LLC purchased a new position in shares of Vertiv during the 3rd quarter worth approximately $30,000. Finally, Mark Sheptoff Financial Planning LLC raised its stake in shares of Vertiv by 200.0% during the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock worth $30,000 after buying an additional 200 shares in the last quarter. 89.92% of the stock is 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.