Vertiv (NYSE:VRT) Price Target Increased to $115.00 by Analysts at TD Cowen

Vertiv (NYSE:VRT) had its price objective lifted by TD Cowen from $93.00 to $115.00 in a report published on Thursday morning, Benzinga reports. TD Cowen currently has a buy rating on the stock.

VRT has been the subject of a number of other research reports. Bank of America increased their price objective on Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday. Jefferies Financial Group assumed coverage on shares of Vertiv in a research report on Monday, October 7th. They set a “buy” rating and a $125.00 price target for the company. Mizuho boosted their price objective on shares of Vertiv from $110.00 to $125.00 and gave the company an “outperform” rating in a research report on Thursday. Citigroup increased their target price on shares of Vertiv from $130.00 to $134.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Evercore ISI upped their price target on Vertiv from $125.00 to $135.00 and gave the company an “outperform” rating in a research report on Thursday. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $122.11.

Vertiv Trading Up 0.9 %

Shares of VRT opened at $111.00 on Thursday. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.00 and a current ratio of 1.36. Vertiv has a fifty-two week low of $34.60 and a fifty-two week high of $116.41. The firm has a 50 day moving average price of $92.37 and a 200-day moving average price of $89.83. The firm has a market cap of $41.55 billion, a price-to-earnings ratio of 105.82, a PEG ratio of 1.42 and a beta of 1.59.

Vertiv (NYSE:VRT) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.07. The business had revenue of $2.07 billion during the quarter, compared to analyst estimates of $1.98 billion. Vertiv had a net margin of 6.93% and a return on equity of 50.79%. The company’s revenue was up 19.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.52 earnings per share. As a group, equities research analysts forecast that Vertiv will post 2.58 earnings per share for the current year.

Vertiv Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Tuesday, September 17th were paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.09%. The ex-dividend date of this dividend was Tuesday, September 17th. Vertiv’s payout ratio is presently 9.62%.

Insider Activity at Vertiv

In other Vertiv news, insider Karsten Winther sold 44,924 shares of the stock in a transaction on 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 completion of the transaction, the insider now owns 10,542 shares in the company, valued at approximately $843,254.58. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.01% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of VRT. Massachusetts Financial Services Co. MA bought a new stake in Vertiv during the second quarter worth about $331,091,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of Vertiv by 303.1% during 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 last quarter. Vanguard Group Inc. boosted its position in shares of Vertiv by 5.5% in the 1st quarter. Vanguard Group Inc. now owns 33,622,257 shares of the company’s stock worth $2,745,930,000 after purchasing an additional 1,766,784 shares in the last quarter. Castle Hook Partners LP purchased a new stake in shares of Vertiv in the 1st quarter worth approximately $135,987,000. Finally, Westfield Capital Management Co. LP increased its position in Vertiv by 85.2% during the 1st quarter. Westfield Capital Management Co. LP now owns 3,399,272 shares of the company’s stock valued at $277,619,000 after buying an additional 1,563,466 shares in the last quarter. 89.92% of the stock is currently owned by institutional investors.

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.