Vertiv (NYSE:VRT) Price Target Raised to $134.00

Vertiv (NYSE:VRT) had its target price upped by Citigroup from $130.00 to $134.00 in a report issued on Thursday morning, Benzinga reports. Citigroup currently has a buy rating on the stock.

Several other equities analysts also recently weighed in on the company. The Goldman Sachs Group lowered their target price on Vertiv from $116.00 to $104.00 and set a “buy” rating on the stock 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. 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 note on Thursday, July 25th. Evercore ISI upped their price target on shares of Vertiv from $105.00 to $125.00 and gave the stock an “outperform” rating in a research report on Monday, October 7th. Finally, Jefferies Financial Group began coverage on shares of Vertiv in a research note on Monday, October 7th. They issued a “buy” rating and a $125.00 price objective for the company. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Vertiv has an average rating of “Buy” and a consensus target price of $122.11.

Vertiv Trading Up 1.9 %

Shares of NYSE:VRT opened at $112.17 on Thursday. The stock’s 50-day simple moving average is $93.57 and its two-hundred day simple moving average is $90.23. The stock has a market capitalization of $42.08 billion, a price-to-earnings ratio of 87.63, a PEG ratio of 1.47 and a beta of 1.59. Vertiv has a 52-week low of $34.60 and a 52-week high of $116.41. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.00 and a current ratio of 1.36.

Vertiv (NYSE:VRT) last announced 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 net margin of 6.93% and a return on equity of 50.79%. The company had revenue of $2.07 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same period in the previous year, the business posted $0.52 earnings per share. The firm’s quarterly revenue was up 19.0% compared to the same quarter last year. Analysts expect that Vertiv will post 2.58 EPS for the current year.

Vertiv Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Tuesday, September 17th were issued a $0.025 dividend. The ex-dividend date was Tuesday, September 17th. This represents a $0.10 dividend on an annualized basis and a yield of 0.09%. Vertiv’s dividend payout ratio is currently 7.81%.

Insider Buying and Selling at Vertiv

In other news, insider Karsten Winther sold 44,924 shares of Vertiv stock in a transaction dated 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 directly owns 10,542 shares of the company’s stock, valued at approximately $843,254.58. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 5.01% of the company’s stock.

Institutional Trading of Vertiv

Large investors have recently added to or reduced their stakes in the company. ORG Partners LLC grew its holdings in shares of Vertiv by 25.1% in the third quarter. ORG Partners LLC now owns 458 shares of the company’s stock valued at $46,000 after purchasing an additional 92 shares in the last quarter. Allworth Financial LP lifted its position in Vertiv by 18.6% during the third quarter. Allworth Financial LP now owns 638 shares of the company’s stock valued at $63,000 after purchasing an additional 100 shares during the last quarter. NBC Securities Inc. grew its stake in shares of Vertiv by 0.9% in the 3rd quarter. NBC Securities Inc. now owns 13,125 shares of the company’s stock worth $1,305,000 after buying an additional 112 shares in the last quarter. Callan Family Office LLC increased its holdings in shares of Vertiv by 0.9% in the 3rd quarter. Callan Family Office LLC now owns 14,989 shares of the company’s stock worth $1,491,000 after buying an additional 137 shares during the last quarter. Finally, Optimum Investment Advisors raised its position in shares of Vertiv by 11.1% during the 3rd quarter. Optimum Investment Advisors now owns 1,500 shares of the company’s stock valued at $149,000 after buying an additional 150 shares in the last quarter. Institutional investors own 89.92% of the company’s stock.

About Vertiv

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.