Vertiv (NYSE:VRT) Price Target Raised to $121.00 at Oppenheimer

Vertiv (NYSE:VRT) had its target price increased by Oppenheimer from $115.00 to $121.00 in a report issued on Thursday, Benzinga reports. The firm currently has an outperform rating on the stock.

A number of other equities research analysts also recently commented on the company. Evercore ISI raised their target price on Vertiv from $105.00 to $125.00 and gave the company an “outperform” rating in a report on Monday, October 7th. The Goldman Sachs Group decreased their price objective on shares of Vertiv from $116.00 to $104.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Citigroup increased their target price on shares of Vertiv from $130.00 to $134.00 and gave the company a “buy” rating in a report on Thursday. Mizuho boosted their price target on Vertiv from $110.00 to $125.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, TD Cowen raised their price objective on Vertiv from $89.00 to $93.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $122.11.

Vertiv Price Performance

Shares of NYSE:VRT opened at $112.17 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 one year low of $34.60 and a one year high of $116.41. The company has a 50-day simple moving average of $93.57 and a 200-day simple moving average of $90.23. The stock has a market capitalization of $42.08 billion, a price-to-earnings ratio of 87.63, a PEG ratio of 1.47 and a beta of 1.59.

Vertiv (NYSE:VRT) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.07. The firm had revenue of $2.07 billion for 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%. Vertiv’s quarterly revenue was up 19.0% on a year-over-year basis. During the same period last year, the firm posted $0.52 EPS. On average, analysts predict that Vertiv will post 2.58 EPS for the current year.

Vertiv Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Tuesday, September 17th were given 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 was Tuesday, September 17th. Vertiv’s dividend payout ratio is presently 7.81%.

Insider Buying and Selling

In other Vertiv news, insider Karsten Winther sold 44,924 shares of the business’s 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 directly owns 10,542 shares in the company, valued at approximately $843,254.58. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 5.01% of the stock is owned by company insiders.

Institutional Investors Weigh In On Vertiv

Hedge funds and other institutional investors have recently made changes to their positions in the business. Krane Funds Advisors LLC acquired a new stake in Vertiv in the 3rd quarter worth about $29,000. Anchor Investment Management LLC purchased a new position in shares of Vertiv during the 2nd quarter worth about $26,000. Global Trust Asset Management LLC acquired a new stake in shares of Vertiv in the third quarter worth approximately $30,000. Atticus Wealth Management LLC purchased a new stake in Vertiv in the first quarter valued at approximately $27,000. Finally, Mather Group LLC. increased its position in Vertiv by 132.5% during the second quarter. Mather Group LLC. now owns 351 shares of the company’s stock worth $29,000 after purchasing an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.

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.