Vertiv (NYSE:VRT) Price Target Raised to $131.00

Vertiv (NYSE:VRT) had its price target upped by Oppenheimer from $121.00 to $131.00 in a report released on Tuesday,Benzinga reports. The firm currently has an outperform rating on the stock.

VRT has been the topic of several other reports. Bank of America increased their price target on shares of Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Citigroup upped their price target on Vertiv from $130.00 to $134.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Mizuho lifted their price objective on shares of Vertiv from $110.00 to $125.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. UBS Group assumed coverage on shares of Vertiv in a report on Wednesday, November 13th. They issued a “buy” rating and a $155.00 target price on the stock. Finally, Evercore ISI boosted their price objective on shares of Vertiv from $125.00 to $135.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $138.50.

Vertiv Price Performance

Shares of VRT opened at $141.75 on Tuesday. Vertiv has a fifty-two week low of $41.01 and a fifty-two week high of $145.67. The company has a market capitalization of $53.20 billion, a price-to-earnings ratio of 94.50, a price-to-earnings-growth ratio of 1.53 and a beta of 1.58. The firm has a 50-day simple moving average of $109.85 and a 200-day simple moving average of $94.90. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.38.

Vertiv (NYSE:VRT) last announced its earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share 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 the consensus estimate of $1.98 billion. Vertiv had a net margin of 7.72% and a return on equity of 55.33%. The business’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.52 earnings per share. On average, equities research analysts anticipate that Vertiv will post 2.69 earnings per share for the current year.

Vertiv Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd will be paid a dividend of $0.0375 per share. This is a boost from Vertiv’s previous quarterly dividend of $0.03. This represents a $0.15 annualized dividend and a dividend yield of 0.11%. The ex-dividend date of this dividend is Tuesday, December 3rd. Vertiv’s dividend payout ratio (DPR) is currently 6.67%.

Insider Activity at Vertiv

In other Vertiv news, insider Karsten Winther sold 44,924 shares of Vertiv 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 transaction, the insider now directly owns 10,542 shares of the company’s stock, valued at $843,254.58. The trade was a 80.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.01% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Blair William & Co. IL bought a new stake in shares of Vertiv during the first quarter worth about $284,000. Acadian Asset Management LLC raised its position in shares of Vertiv by 1,019.3% during the first quarter. Acadian Asset Management LLC now owns 4,007 shares of the company’s stock worth $326,000 after purchasing an additional 3,649 shares during the period. O Shaughnessy Asset Management LLC raised its position in shares of Vertiv by 37.0% during the first quarter. O Shaughnessy Asset Management LLC now owns 11,535 shares of the company’s stock worth $942,000 after purchasing an additional 3,114 shares during the period. UniSuper Management Pty Ltd raised its position in Vertiv by 108.0% in the 1st quarter. UniSuper Management Pty Ltd now owns 5,200 shares of the company’s stock valued at $425,000 after buying an additional 2,700 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co grew its stake in Vertiv by 157.5% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 223,914 shares of the company’s stock valued at $18,301,000 after purchasing an additional 136,956 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.