Vertiv (NYSE:VRT) Given New $140.00 Price Target at The Goldman Sachs Group

Vertiv (NYSE:VRT - Free Report) had its target price upped by The Goldman Sachs Group from $126.00 to $140.00 in a report released on Tuesday morning,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the stock.

A number of other analysts also recently issued reports on the stock. TD Cowen lifted their price objective on shares of Vertiv from $93.00 to $115.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Citigroup lifted their price objective on shares of Vertiv from $130.00 to $134.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. UBS Group began coverage on shares of Vertiv in a research report on Wednesday, November 13th. They issued a "buy" rating and a $155.00 target price on the stock. Evercore ISI lifted their target price on shares of Vertiv from $125.00 to $135.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Finally, Bank of America lifted their target price on shares of Vertiv from $130.00 to $140.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Ten equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $138.50.

Vertiv Stock Up 14.6 %

NYSE:VRT traded up $17.92 on Tuesday, hitting $140.94. The stock had a trading volume of 14,833,821 shares, compared to its average volume of 8,199,526. The firm's fifty day simple moving average is $107.65 and its two-hundred day simple moving average is $94.27. 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 has a 1 year low of $41.01 and a 1 year high of $141.12. The stock has a market cap of $52.90 billion, a P/E ratio of 93.96, a price-to-earnings-growth ratio of 1.31 and a beta of 1.58.

Vertiv (NYSE:VRT - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.69 by $0.07. Vertiv had a net margin of 7.72% and a return on equity of 55.33%. The company had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same period last year, the firm earned $0.52 EPS. Vertiv's revenue for the quarter was up 19.0% on a year-over-year basis. Analysts predict that Vertiv will post 2.69 earnings per share for the current year.

Vertiv Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd will be issued a $0.0375 dividend. This is an increase from Vertiv's previous quarterly dividend of $0.03. This represents a $0.15 dividend on an annualized basis and a yield of 0.11%. The ex-dividend date is Tuesday, December 3rd. Vertiv's payout ratio is currently 6.67%.

Insider Buying and Selling at Vertiv

In related news, insider Karsten Winther sold 44,924 shares of Vertiv stock in a transaction dated 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 approximately $843,254.58. The trade was a 80.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 5.01% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Vertiv

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Krane Funds Advisors LLC bought a new stake in Vertiv during the 3rd quarter valued at about $29,000. Anchor Investment Management LLC bought a new stake in shares of Vertiv in the 2nd quarter valued at about $26,000. Global Trust Asset Management LLC bought a new stake in shares of Vertiv in the 3rd quarter valued at about $30,000. Mark Sheptoff Financial Planning LLC raised its holdings in shares of Vertiv by 200.0% in the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company's stock valued at $30,000 after purchasing an additional 200 shares in the last quarter. Finally, Brooklyn Investment Group bought a new stake in shares of Vertiv in the 3rd quarter valued at about $30,000. Institutional investors 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.