Vertiv (NYSE:VRT) Now Covered by Barclays

Investment analysts at Barclays assumed coverage on shares of Vertiv (NYSE:VRT - Get Free Report) in a note issued to investors on Thursday, MarketBeat reports. The firm set an "equal weight" rating and a $142.00 price target on the stock. Barclays's price objective would indicate a potential upside of 13.56% from the company's previous close.

VRT has been the topic of several other research reports. TD Cowen boosted their price target on shares of Vertiv from $115.00 to $141.00 and gave the company a "buy" rating in a research report on Tuesday, November 19th. Citigroup upped their target price on Vertiv from $141.00 to $155.00 and gave the stock a "buy" rating in a report on Monday. Jefferies Financial Group initiated coverage on Vertiv in a research note on Monday, October 7th. They issued a "buy" rating and a $125.00 target price for the company. The Goldman Sachs Group upped their price target on Vertiv from $126.00 to $140.00 and gave the stock a "buy" rating in a research note on Tuesday, November 19th. Finally, Oppenheimer boosted their target price on shares of Vertiv from $121.00 to $131.00 and gave the company an "outperform" rating in a report on Tuesday, November 19th. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $140.09.

Vertiv Trading Down 0.6 %

VRT traded down $0.80 during midday trading on Thursday, reaching $125.04. 3,238,952 shares of the company's stock traded hands, compared to its average volume of 8,117,578. Vertiv has a 52 week low of $44.31 and a 52 week high of $145.67. 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 firm has a fifty day moving average of $119.59 and a two-hundred day moving average of $97.88. The stock has a market capitalization of $46.93 billion, a price-to-earnings ratio of 82.66, a P/E/G 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, topping analysts' consensus estimates of $0.69 by $0.07. The company had revenue of $2.07 billion during the quarter, compared to analyst estimates of $1.98 billion. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. The firm's revenue was up 19.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.52 earnings per share. On average, equities analysts anticipate that Vertiv will post 2.69 earnings per share for the current fiscal year.

Insider Activity at Vertiv

In related news, Director Jakki L. Haussler sold 15,347 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $137.38, for a total transaction of $2,108,370.86. Following the transaction, the director now owns 3,425 shares in the company, valued at $470,526.50. This represents a 81.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Anand Sanghi sold 30,914 shares of Vertiv stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $141.46, for a total transaction of $4,373,094.44. Following the completion of the sale, the insider now directly owns 19,448 shares of the company's stock, valued at approximately $2,751,114.08. This trade represents a 61.38 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 171,527 shares of company stock valued at $23,105,682. 5.01% of the stock is owned by corporate insiders.

Institutional Trading of Vertiv

Several large investors have recently modified their holdings of VRT. Anchor Investment Management LLC purchased a new position in Vertiv in the second quarter worth about $26,000. Krane Funds Advisors LLC purchased a new stake in Vertiv during the third quarter valued at approximately $29,000. Global Trust Asset Management LLC purchased a new position in shares of Vertiv during the 3rd quarter worth $30,000. Mark Sheptoff Financial Planning LLC increased its stake 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 worth $30,000 after purchasing an additional 200 shares in the last quarter. Finally, Brooklyn Investment Group bought a new position in Vertiv in the 3rd quarter worth $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.