Vertiv (NYSE:VRT) Receives “Outperform” Rating from Evercore ISI

Evercore ISI reiterated their outperform rating on shares of Vertiv (NYSE:VRT) in a report issued on Thursday, Benzinga reports. They currently have a $105.00 price target on the stock.

A number of other analysts also recently issued reports on VRT. The Goldman Sachs Group lowered their price objective on shares of Vertiv from $116.00 to $104.00 and set a buy rating on the stock in a report on Thursday, July 25th. Citigroup boosted their price target on shares of Vertiv from $102.00 to $110.00 and gave the stock a buy rating in a research report on Thursday, April 25th. Bank of America increased their price objective on shares of Vertiv from $100.00 to $115.00 and gave the stock a buy rating in a research note on Wednesday, May 15th. TD Cowen boosted their price target on Vertiv from $89.00 to $93.00 and gave the stock a buy rating in a research report on Thursday, July 25th. Finally, JPMorgan Chase & Co. increased their price objective on Vertiv from $95.00 to $100.00 and gave the company an overweight rating in a report on Thursday, April 25th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of Buy and an average price target of $96.22.

Vertiv Stock Down 4.3 %

Shares of Vertiv stock opened at $79.42 on Thursday. The company has a market capitalization of $29.73 billion, a P/E ratio of 76.37, a price-to-earnings-growth ratio of 0.97 and a beta of 1.58. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.36 and a quick ratio of 0.98. The business has a 50-day moving average of $84.51 and a two-hundred day moving average of $82.48. Vertiv has a 1 year low of $32.38 and a 1 year high of $109.27.

Vertiv (NYSE:VRT) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.10. The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.94 billion. Vertiv had a net margin of 6.93% and a return on equity of 50.79%. The firm’s revenue was up 12.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.46 earnings per share. As a group, equities analysts predict that Vertiv will post 2.58 EPS for the current year.

Vertiv Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 26th. Stockholders of record on Monday, June 17th were paid a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.13%. The ex-dividend date was Monday, June 17th. Vertiv’s dividend payout ratio is presently 9.62%.

Insider Buying and Selling at Vertiv

In related news, Director Doherty Philip O’ sold 9,529 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $109.30, for a total value of $1,041,519.70. Following the completion of the sale, the director now directly owns 6,882,859 shares in the company, valued at $752,296,488.70. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 5.01% of the company’s stock.

Institutional Trading of 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% during the first 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 increased its stake in shares of Vertiv by 33.2% in the 1st quarter. Lindbrook Capital LLC now owns 550 shares of the company’s stock valued at $45,000 after acquiring an additional 137 shares in the last quarter. Quadrant Capital Group LLC lifted its position in shares of Vertiv by 24.7% during the 4th quarter. Quadrant Capital Group LLC now owns 857 shares of the company’s stock valued at $41,000 after acquiring an additional 170 shares during the period. Farmers & Merchants Investments Inc. boosted its stake in Vertiv by 66.7% during the first quarter. Farmers & Merchants Investments Inc. now owns 500 shares of the company’s stock worth $41,000 after acquiring an additional 200 shares in the last quarter. Finally, Mather Group LLC. grew its holdings in Vertiv by 132.5% in the second quarter. Mather Group LLC. now owns 351 shares of the company’s stock worth $29,000 after purchasing an additional 200 shares during the period. 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.