Vertiv (NYSE:VRT) Price Target Raised to $145.00

Vertiv (NYSE:VRT - Get Free Report) had its price objective boosted by research analysts at Mizuho from $125.00 to $145.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Mizuho's price target would suggest a potential upside of 2.88% from the stock's previous close.

A number of other equities analysts also recently commented on VRT. Jefferies Financial Group initiated coverage on shares of Vertiv in a research note on Monday, October 7th. They issued a "buy" rating and a $125.00 target price on the stock. Evercore ISI upped their target price on shares of Vertiv from $125.00 to $135.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. Oppenheimer upped their target price on shares of Vertiv from $121.00 to $131.00 and gave the stock an "outperform" rating in a research note on Tuesday. Bank of America upped their target price on shares of Vertiv from $130.00 to $140.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Finally, UBS Group began coverage on shares of Vertiv in a research note on Wednesday, November 13th. They set a "buy" rating and a $155.00 price objective on the stock. Ten research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $138.50.

Vertiv Trading Up 14.6 %

Vertiv stock traded up $17.92 during midday trading on Tuesday, reaching $140.94. The 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. Vertiv has a 52-week low of $41.01 and a 52-week high of $141.12. The firm has a market cap of $52.90 billion, a price-to-earnings ratio of 90.17, a price-to-earnings-growth ratio of 1.31 and a beta of 1.58. The company has a fifty day moving average of $106.34 and a 200 day moving average of $93.93.

Vertiv (NYSE:VRT - Get Free Report) last issued its 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 business had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $1.98 billion. Vertiv had a net margin of 7.72% and a return on equity of 55.33%. The company's revenue for the quarter was up 19.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.52 EPS. On average, analysts anticipate that Vertiv will post 2.69 earnings per share for the current fiscal year.

Insider Buying and Selling at Vertiv

In other Vertiv news, insider Karsten Winther sold 44,924 shares of the firm's stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $79.99, for a total value of $3,593,470.76. Following the completion of the sale, the insider now directly owns 10,542 shares in the company, valued at $843,254.58. This trade represents a 80.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 5.01% of the stock is owned by insiders.

Institutional Investors Weigh In On Vertiv

Institutional investors have recently bought and sold shares of the company. Clearbridge Investments LLC raised its holdings in shares of Vertiv by 15.4% in the second quarter. Clearbridge Investments LLC now owns 2,553,001 shares of the company's stock worth $221,013,000 after buying an additional 340,639 shares during the last quarter. Whittier Trust Co. raised its holdings in shares of Vertiv by 7.2% in the third quarter. Whittier Trust Co. now owns 127,210 shares of the company's stock worth $12,656,000 after buying an additional 8,579 shares during the last quarter. Janney Capital Management LLC purchased a new position in shares of Vertiv in the third quarter worth $8,403,000. Assenagon Asset Management S.A. raised its holdings in shares of Vertiv by 190.7% in the third quarter. Assenagon Asset Management S.A. now owns 55,923 shares of the company's stock worth $5,564,000 after buying an additional 36,684 shares during the last quarter. Finally, Entropy Technologies LP raised its holdings in shares of Vertiv by 42.4% in the third quarter. Entropy Technologies LP now owns 31,839 shares of the company's stock worth $3,168,000 after buying an additional 9,479 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

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.