Vertiv (NYSE:VRT) Price Target Raised to $141.00

Vertiv (NYSE:VRT - Get Free Report) had its target price boosted by investment analysts at TD Cowen from $115.00 to $141.00 in a report released on Tuesday,Benzinga reports. The firm currently has a "buy" rating on the stock. TD Cowen's price objective would suggest a potential upside of 0.04% from the stock's previous close.

Several other equities analysts also recently issued reports on the stock. Jefferies Financial Group started coverage on shares of Vertiv in a research note on Monday, October 7th. They issued a "buy" rating and a $125.00 price objective for the company. Mizuho increased their target price on shares of Vertiv from $125.00 to $145.00 and gave the stock an "outperform" rating in a research note on Tuesday. Oppenheimer increased 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. JPMorgan Chase & Co. raised their price objective on shares of Vertiv from $124.00 to $132.00 and gave the company an "overweight" rating in a research report on Tuesday. Finally, The Goldman Sachs Group increased their target price on shares of Vertiv from $126.00 to $140.00 and gave the company a "buy" rating in a report on Tuesday. Ten analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $138.50.

Vertiv Price Performance

Shares of Vertiv stock traded up $17.92 on Tuesday, hitting $140.94. 14,833,821 shares of the company were exchanged, compared to its average volume of 8,199,526. The stock has a market capitalization of $52.90 billion, a price-to-earnings ratio of 93.96, a price-to-earnings-growth ratio of 1.31 and a beta of 1.58. The company has a 50-day moving average price of $107.65 and a 200 day moving average price of $94.27. Vertiv has a 1-year low of $41.01 and a 1-year high of $141.12. 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 (NYSE:VRT - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.69 by $0.07. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. The company had revenue of $2.07 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same quarter in the previous year, the company earned $0.52 earnings per share. The firm's quarterly revenue was up 19.0% compared to the same quarter last year. As a group, sell-side analysts predict that Vertiv will post 2.69 earnings per share for the current fiscal year.

Insider Activity at Vertiv

In related news, insider Karsten Winther sold 44,924 shares of Vertiv stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $79.99, for a total value of $3,593,470.76. Following the sale, the insider now owns 10,542 shares of the company's stock, valued at approximately $843,254.58. The trade was a 80.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 5.01% of the company's stock.

Institutional Investors Weigh In On Vertiv

A number of institutional investors have recently made changes to their positions in VRT. State Street Corp increased its holdings in Vertiv by 4.2% in the third quarter. State Street Corp now owns 7,635,081 shares of the company's stock valued at $759,614,000 after purchasing an additional 308,704 shares during the period. Geode Capital Management LLC increased its holdings in Vertiv by 7.4% in the third quarter. Geode Capital Management LLC now owns 5,951,784 shares of the company's stock valued at $592,433,000 after purchasing an additional 408,054 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in Vertiv by 303.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,777,057 shares of the company's stock valued at $390,143,000 after purchasing an additional 3,591,903 shares during the period. Jennison Associates LLC increased its holdings in Vertiv by 10,825.0% in the third quarter. Jennison Associates LLC now owns 4,600,415 shares of the company's stock valued at $457,695,000 after purchasing an additional 4,558,306 shares during the period. Finally, Wellington Management Group LLP increased its holdings in Vertiv by 271.0% in the third quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company's stock valued at $389,548,000 after purchasing an additional 2,860,181 shares during the period. 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.