Citigroup Increases Vertiv (NYSE:VRT) Price Target to $155.00

Vertiv (NYSE:VRT - Get Free Report) had its price target boosted by stock analysts at Citigroup from $141.00 to $155.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a "buy" rating on the stock. Citigroup's price objective points to a potential upside of 21.94% from the stock's previous close.

Several other brokerages have also issued reports on VRT. Bank of America raised their target price on Vertiv from $130.00 to $140.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Evercore ISI raised their price objective on Vertiv from $125.00 to $135.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Mizuho upped their target price on Vertiv from $125.00 to $145.00 and gave the company an "outperform" rating in a report on Tuesday, November 19th. The Goldman Sachs Group increased their price target on Vertiv from $126.00 to $140.00 and gave the stock a "buy" rating in a report on Tuesday, November 19th. Finally, UBS Group began coverage on shares of Vertiv in a research report on Wednesday, November 13th. They set a "buy" rating and a $155.00 target price on the stock. Ten investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Vertiv presently has an average rating of "Buy" and an average price target of $139.90.

Vertiv Price Performance

Shares of NYSE VRT traded down $6.74 during mid-day trading on Monday, hitting $127.11. 7,013,546 shares of the stock traded hands, compared to its average volume of 8,151,397. Vertiv has a twelve month low of $44.31 and a twelve month high of $145.67. The firm has a 50 day simple moving average of $118.10 and a two-hundred day simple moving average of $97.40. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02. The company has a market cap of $47.71 billion, a PE ratio of 84.74, a price-to-earnings-growth ratio of 1.38 and a beta of 1.61.

Vertiv (NYSE:VRT - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $0.76 EPS for the quarter, beating analysts' consensus estimates of $0.69 by $0.07. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. The firm had revenue of $2.07 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same period last year, the firm posted $0.52 earnings per share. The business's revenue for the quarter was up 19.0% on a year-over-year basis. As a group, equities research analysts forecast that Vertiv will post 2.69 EPS for the current fiscal year.

Insider Activity at Vertiv

In other news, insider Anand Sanghi sold 30,914 shares of the business's stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $141.46, for a total value of $4,373,094.44. Following the transaction, the insider now owns 19,448 shares in the company, valued at $2,751,114.08. The trade was a 61.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Stephen Liang sold 86,619 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $131.07, for a total value of $11,353,152.33. Following the sale, the executive vice president now directly owns 19,551 shares of the company's stock, valued at $2,562,549.57. The trade was a 81.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 171,527 shares of company stock valued at $23,105,682 over the last 90 days. Insiders own 5.01% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of VRT. Anchor Investment Management LLC bought a new stake in shares of Vertiv during the 2nd quarter worth $26,000. Krane Funds Advisors LLC bought a new stake in Vertiv in the third quarter worth about $29,000. Global Trust Asset Management LLC bought a new stake in Vertiv in the third quarter worth about $30,000. Mark Sheptoff Financial Planning LLC boosted its stake in Vertiv by 200.0% in the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company's stock valued at $30,000 after acquiring an additional 200 shares during the last quarter. Finally, Brooklyn Investment Group bought a new position in shares of Vertiv during the 3rd quarter valued at approximately $30,000. Hedge funds and other 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.

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