Roth Mkm Initiates Coverage on Vertiv (NYSE:VRT)

Stock analysts at Roth Mkm started coverage on shares of Vertiv (NYSE:VRT - Get Free Report) in a report released on Tuesday, Marketbeat.com reports. The firm set a "buy" rating and a $75.00 price target on the stock. Roth Mkm's price target would suggest a potential upside of 8.09% from the stock's current price.

A number of other research analysts have also recently issued reports on the company. Melius Research reaffirmed a "hold" rating and issued a $125.00 price target on shares of Vertiv in a report on Tuesday, January 28th. Fox Advisors began coverage on shares of Vertiv in a research report on Monday, January 6th. They set an "equal weight" rating on the stock. Barclays lowered their price target on shares of Vertiv from $100.00 to $90.00 and set an "equal weight" rating for the company in a report on Friday, April 4th. Royal Bank of Canada initiated coverage on Vertiv in a research report on Friday, March 7th. They issued an "outperform" rating and a $121.00 price objective on the stock. Finally, Melius downgraded Vertiv from a "buy" rating to a "hold" rating and set a $125.00 target price for the company. in a research report on Tuesday, January 28th. Four research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Vertiv currently has a consensus rating of "Moderate Buy" and a consensus target price of $125.50.

Remove Ads

Vertiv Price Performance

NYSE:VRT traded up $1.66 on Tuesday, reaching $69.39. The stock had a trading volume of 8,182,977 shares, compared to its average volume of 9,009,290. The company has a market capitalization of $26.42 billion, a P/E ratio of 54.21, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. The stock has a fifty day moving average price of $89.17 and a 200-day moving average price of $109.50. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19. Vertiv has a 1-year low of $53.60 and a 1-year high of $155.84.

Vertiv (NYSE:VRT - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, topping analysts' consensus estimates of $0.84 by $0.15. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. During the same quarter last year, the firm posted $0.56 EPS. Research analysts forecast that Vertiv will post 3.59 EPS for the current year.

Institutional Trading of Vertiv

Hedge funds have recently bought and sold shares of the stock. Benjamin Edwards Inc. boosted its holdings in Vertiv by 531.7% during the third quarter. Benjamin Edwards Inc. now owns 2,110 shares of the company's stock worth $210,000 after purchasing an additional 1,776 shares during the last quarter. HighTower Advisors LLC grew its stake in Vertiv by 19.2% in the third quarter. HighTower Advisors LLC now owns 40,708 shares of the company's stock valued at $3,999,000 after purchasing an additional 6,564 shares in the last quarter. Integrated Wealth Concepts LLC increased its position in shares of Vertiv by 50.8% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 7,714 shares of the company's stock worth $767,000 after purchasing an additional 2,598 shares during the last quarter. EP Wealth Advisors LLC raised its stake in shares of Vertiv by 43.4% during the 3rd quarter. EP Wealth Advisors LLC now owns 4,278 shares of the company's stock worth $426,000 after purchasing an additional 1,294 shares in the last quarter. Finally, iA Global Asset Management Inc. boosted its holdings in shares of Vertiv by 113.5% in the 3rd quarter. iA Global Asset Management Inc. now owns 12,763 shares of the company's stock valued at $1,270,000 after buying an additional 6,784 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

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.