Vertiv (NYSE:VRT) PT Raised to $98.00 at Oppenheimer

Vertiv (NYSE:VRT) had its price target hoisted by stock analysts at Oppenheimer from $96.00 to $98.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Oppenheimer’s price target would indicate a potential upside of 15.94% from the company’s previous close.

A number of other brokerages have also recently issued reports on VRT. Bank of America upped their price objective on Vertiv from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Mizuho upped their price target on shares of Vertiv from $50.00 to $56.00 and gave the stock a “neutral” rating in a research report on Thursday, February 22nd. JPMorgan Chase & Co. lifted their price objective on shares of Vertiv from $95.00 to $100.00 and gave the company an “overweight” rating in a research report 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 report on Monday, April 8th. Finally, Evercore ISI lifted their price target on Vertiv from $80.00 to $90.00 and gave the stock an “outperform” rating in a report on Friday, April 5th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $75.33.

Vertiv Trading Up 6.8 %

NYSE:VRT opened at $84.53 on Thursday. The company has a market cap of $32.29 billion, a P/E ratio of 71.64, a price-to-earnings-growth ratio of 1.26 and a beta of 1.59. Vertiv has a twelve month low of $12.22 and a twelve month high of $94.39. The business has a 50 day moving average price of $75.35 and a two-hundred day moving average price of $56.87. 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 issued its quarterly earnings results on Wednesday, April 24th. The company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.37 by $0.06. The firm had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.62 billion. Vertiv had a net margin of 6.71% and a return on equity of 39.46%. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.24 EPS. As a group, analysts expect that Vertiv will post 2.36 EPS for the current fiscal year.

Insider Buying and Selling at Vertiv

In other Vertiv news, EVP Stephen Liang sold 306,196 shares of Vertiv stock in a transaction on Friday, March 1st. The stock was sold at an average price of $70.24, for a total value of $21,507,207.04. Following the completion of the transaction, the executive vice president now directly owns 51,841 shares of the company’s stock, valued at approximately $3,641,311.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CAO Scott Cripps sold 56,594 shares of Vertiv stock in a transaction that occurred 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 legal filing with the SEC, which is available through the SEC website. Also, EVP Stephen Liang sold 306,196 shares of the company’s stock in a transaction on Friday, March 1st. The stock was 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 $3,641,311.84. The disclosure for this sale can be found here. Insiders own 5.62% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Nordea Investment Management AB acquired a new position in Vertiv during the 4th quarter worth approximately $1,040,000. WT Asset Management Ltd bought a new position in shares of Vertiv in the 4th quarter valued at $24,486,000. CenterBook Partners LP boosted its holdings in shares of Vertiv by 82.0% during the 3rd quarter. CenterBook Partners LP now owns 174,938 shares of the company’s stock valued at $6,508,000 after acquiring an additional 78,793 shares in the last quarter. Quadrature Capital Ltd grew its position in Vertiv by 791.6% during the 3rd quarter. Quadrature Capital Ltd now owns 92,628 shares of the company’s stock worth $3,445,000 after acquiring an additional 82,239 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in Vertiv by 244.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 41,984 shares of the company’s stock worth $2,016,000 after purchasing an additional 29,804 shares in the last quarter. Institutional investors and hedge funds 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.