Vertiv (NYSE:VRT) Price Target Raised to $127.00 at JPMorgan Chase & Co.

Vertiv (NYSE:VRT) had its target price boosted by JPMorgan Chase & Co. from $100.00 to $127.00 in a research report report published on Friday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Several other analysts have also commented on the stock. Roth Capital raised shares of Vertiv to a “strong-buy” rating in a research report on Monday, April 7th. Evercore ISI lowered their price target on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a report on Friday, January 17th. The Goldman Sachs Group reduced their price objective on Vertiv from $135.00 to $85.00 and set a “buy” rating for the company in a report on Thursday, April 10th. Melius lowered Vertiv from a “buy” rating to a “hold” rating and set a $125.00 target price on the stock. in a research note on Tuesday, January 28th. Finally, Cowen reiterated a “buy” rating on shares of Vertiv in a research note on Thursday, April 24th. Five equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Vertiv currently has a consensus rating of “Moderate Buy” and an average price target of $122.06.

Vertiv Stock Performance

VRT stock opened at $106.01 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19. The firm has a market cap of $40.40 billion, a PE ratio of 82.82, a P/E/G ratio of 1.07 and a beta of 1.70. The business has a 50 day moving average of $82.70 and a 200-day moving average of $105.98. Vertiv has a 12-month low of $53.60 and a 12-month high of $155.84.

Vertiv (NYSE:VRT) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02. The firm had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.94 billion. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. The business’s revenue for the quarter was up 24.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.43 EPS. As a group, sell-side analysts expect that Vertiv will post 3.59 earnings per share for the current year.

Vertiv Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 18th were paid a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.14%. The ex-dividend date of this dividend was Tuesday, March 18th. Vertiv’s dividend payout ratio is 8.72%.

Insider Buying and Selling

In other Vertiv news, insider Karsten Winther sold 5,500 shares of the business’s stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $94.33, for a total value of $518,815.00. Following the completion of the transaction, the insider now owns 18,847 shares of the company’s stock, valued at $1,777,837.51. The trade was a 22.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.63% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fifth Third Bancorp boosted its holdings in shares of Vertiv by 8.1% in the 4th quarter. Fifth Third Bancorp now owns 1,126 shares of the company’s stock worth $128,000 after purchasing an additional 84 shares in the last quarter. Prestige Wealth Management Group LLC boosted its stake in Vertiv by 2.4% in the fourth quarter. Prestige Wealth Management Group LLC now owns 3,695 shares of the company’s stock worth $420,000 after buying an additional 85 shares in the last quarter. Accurate Wealth Management LLC grew its position in Vertiv by 4.1% during the fourth quarter. Accurate Wealth Management LLC now owns 2,234 shares of the company’s stock valued at $254,000 after acquiring an additional 87 shares during the last quarter. Horizon Investment Services LLC raised its stake in shares of Vertiv by 4.1% during the fourth quarter. Horizon Investment Services LLC now owns 2,410 shares of the company’s stock worth $274,000 after acquiring an additional 95 shares in the last quarter. Finally, Focus Partners Advisor Solutions LLC lifted its holdings in shares of Vertiv by 3.1% in the 4th quarter. Focus Partners Advisor Solutions LLC now owns 3,226 shares of the company’s stock worth $367,000 after acquiring an additional 97 shares during the last quarter. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

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.