Vertiv (NYSE:VRT) Stock Price Up 2.8% – What’s Next?

Shares of Vertiv Holdings Co (NYSE:VRT) shot up 2.8% on Friday . The stock traded as high as $96.00 and last traded at $94.96. 3,468,732 shares changed hands during mid-day trading, a decline of 68% from the average session volume of 10,678,821 shares. The stock had previously closed at $92.41.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on VRT shares. Oppenheimer lifted their price target on Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Melius downgraded shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 target price for the company. in a research report on Tuesday, January 28th. Barclays cut their price target on shares of Vertiv from $142.00 to $131.00 and set an “equal weight” rating on the stock in a report on Thursday, February 13th. Melius Research reiterated a “hold” rating and issued a $125.00 price objective on shares of Vertiv in a report on Tuesday, January 28th. Finally, The Goldman Sachs Group raised their target price on Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $138.57.

Vertiv Stock Up 2.9 %

The firm has a 50-day moving average of $118.34 and a two-hundred day moving average of $110.51. The firm has a market cap of $35.69 billion, a price-to-earnings ratio of 74.29, a PEG ratio of 1.07 and a beta of 1.64. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19.

Vertiv (NYSE:VRT) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.15. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. During the same quarter last year, the firm earned $0.56 earnings per share. As a group, sell-side analysts predict that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Institutional Trading of Vertiv

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA bought a new stake in shares of Vertiv in the fourth quarter valued at about $597,379,000. Jennison Associates LLC lifted its position in shares of Vertiv by 10,825.0% in the 3rd quarter. Jennison Associates LLC now owns 4,600,415 shares of the company’s stock worth $457,695,000 after acquiring an additional 4,558,306 shares during the period. Norges Bank acquired a new stake in shares of Vertiv during the 4th quarter worth approximately $391,777,000. Wellington Management Group LLP grew its holdings in shares of Vertiv by 271.0% during the 3rd quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company’s stock worth $389,548,000 after purchasing an additional 2,860,181 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of Vertiv by 136.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,336,862 shares of the company’s stock valued at $379,101,000 after purchasing an additional 1,928,275 shares during the period. 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.