Vertiv (NYSE:VRT - Free Report) had its price objective boosted by JPMorgan Chase & Co. from $124.00 to $132.00 in a research report report published on Tuesday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.
VRT has been the subject of several other reports. Evercore ISI lifted their target price on shares of Vertiv from $125.00 to $135.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. The Goldman Sachs Group lowered their price objective on Vertiv from $116.00 to $104.00 and set a "buy" rating on the stock in a research note on Thursday, July 25th. UBS Group assumed coverage on Vertiv in a research report on Wednesday, November 13th. They issued a "buy" rating and a $155.00 target price on the stock. Mizuho upped their price objective on shares of Vertiv from $125.00 to $145.00 and gave the stock an "outperform" rating in a report on Tuesday. Finally, Citigroup lifted their target price on Vertiv from $130.00 to $134.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. Ten equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $138.50.
Read Our Latest Stock Analysis on Vertiv
Vertiv Stock Up 14.6 %
NYSE:VRT traded up $17.92 during mid-day trading on Tuesday, reaching $140.94. The company's stock had a trading volume of 14,833,821 shares, compared to its average volume of 8,199,526. The company has a quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 1.60. The stock has a fifty day moving average of $107.65 and a 200-day moving average of $94.27. Vertiv has a 1 year low of $41.01 and a 1 year high of $141.12. The firm has a market capitalization of $52.90 billion, a PE 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 issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.69 by $0.07. The firm 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 business's revenue for the quarter was up 19.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.52 EPS. Equities research analysts forecast that Vertiv will post 2.69 earnings per share for the current year.
Vertiv Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd will be given a dividend of $0.0375 per share. The ex-dividend date of this dividend is Tuesday, December 3rd. This is an increase from Vertiv's previous quarterly dividend of $0.03. This represents a $0.15 annualized dividend and a yield of 0.11%. Vertiv's dividend payout ratio is 6.67%.
Insider Activity
In other Vertiv news, insider Karsten Winther sold 44,924 shares of the business's stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $79.99, for a total transaction of $3,593,470.76. Following the transaction, the insider now owns 10,542 shares in the company, valued at $843,254.58. The trade was a 80.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 5.01% of the company's stock.
Institutional Investors Weigh In On Vertiv
A number of hedge funds have recently bought and sold shares of VRT. Blair William & Co. IL acquired a new stake in shares of Vertiv in the 1st quarter worth about $284,000. Acadian Asset Management LLC lifted its position in Vertiv by 1,019.3% in the 1st quarter. Acadian Asset Management LLC now owns 4,007 shares of the company's stock worth $326,000 after buying an additional 3,649 shares in the last quarter. O Shaughnessy Asset Management LLC grew its stake in Vertiv by 37.0% in the first quarter. O Shaughnessy Asset Management LLC now owns 11,535 shares of the company's stock valued at $942,000 after purchasing an additional 3,114 shares in the last quarter. UniSuper Management Pty Ltd raised its stake in shares of Vertiv by 108.0% during the 1st quarter. UniSuper Management Pty Ltd now owns 5,200 shares of the company's stock worth $425,000 after purchasing an additional 2,700 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co grew its position in Vertiv by 157.5% in the first quarter. CANADA LIFE ASSURANCE Co now owns 223,914 shares of the company's stock worth $18,301,000 after acquiring an additional 136,956 shares in the last quarter. Institutional investors and hedge funds own 89.92% of the company's stock.
Vertiv Company Profile
(
Get Free Report)
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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