Vertiv (NYSE:VRT) Price Target Raised to $125.00 at Mizuho

Vertiv (NYSE:VRT) had its price objective increased by Mizuho from $110.00 to $125.00 in a report released on Thursday, Benzinga reports. They currently have an outperform rating on the stock.

Several other equities analysts have also recently issued reports on VRT. Bank of America upped their price objective on Vertiv from $115.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. The Goldman Sachs Group dropped their price objective 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 boosted their target price on Vertiv from $100.00 to $115.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. TD Cowen raised their price target on shares of Vertiv from $89.00 to $93.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Finally, Jefferies Financial Group started coverage on shares of Vertiv in a research note on Monday, October 7th. They issued a “buy” rating and a $125.00 price target for the company. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Vertiv presently has an average rating of “Buy” and an average target price of $122.11.

Vertiv Price Performance

Shares of NYSE:VRT opened at $111.00 on Thursday. The business has a fifty day moving average price of $92.37 and a 200-day moving average price of $89.83. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.36 and a quick ratio of 1.00. The company has a market capitalization of $41.55 billion, a PE ratio of 105.82, a PEG ratio of 1.42 and a beta of 1.59. Vertiv has a 1-year low of $34.60 and a 1-year high of $116.41.

Vertiv (NYSE:VRT) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.07. The business had revenue of $2.07 billion during the quarter, compared to analyst estimates of $1.98 billion. Vertiv had a net margin of 6.93% and a return on equity of 50.79%. Vertiv’s revenue was up 19.0% compared to the same quarter last year. During the same period last year, the business earned $0.52 EPS. As a group, equities analysts expect that Vertiv will post 2.58 EPS for the current fiscal year.

Vertiv Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Tuesday, September 17th were given a dividend of $0.025 per share. The ex-dividend date was Tuesday, September 17th. This represents a $0.10 annualized dividend and a yield of 0.09%. Vertiv’s dividend payout ratio (DPR) is 9.62%.

Insiders Place Their Bets

In other news, insider Karsten Winther sold 44,924 shares of the business’s stock in a transaction on 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 owns 10,542 shares of the company’s stock, valued at $843,254.58. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 5.01% of the company’s stock.

Hedge Funds Weigh In On Vertiv

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Krane Funds Advisors LLC bought a new position in shares of Vertiv in the third quarter worth about $29,000. Anchor Investment Management LLC purchased a new stake in Vertiv in the 2nd quarter worth approximately $26,000. Global Trust Asset Management LLC purchased a new stake in Vertiv in the 3rd quarter worth approximately $30,000. Atticus Wealth Management LLC bought a new stake in Vertiv during the 1st quarter worth approximately $27,000. Finally, Mather Group LLC. lifted its holdings in Vertiv by 132.5% during the second quarter. Mather Group LLC. now owns 351 shares of the company’s stock valued at $29,000 after purchasing an additional 200 shares in the last quarter. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

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.