Vertiv (NYSE:VRT) Coverage Initiated at William Blair

Stock analysts at William Blair began coverage on shares of Vertiv (NYSE:VRT) in a research note issued on Monday, Marketbeat Ratings reports. The brokerage set an “outperform” rating on the stock.

A number of other analysts also recently weighed in on the stock. Mizuho increased their price target on shares of Vertiv from $125.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, July 16th. JPMorgan Chase & Co. increased their price target on shares of Vertiv from $100.00 to $127.00 and gave the company an “overweight” rating in a research report on Friday, May 16th. Wall Street Zen upgraded shares of Vertiv from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 21st. Wolfe Research reiterated an “outperform” rating and issued a $155.00 price target on shares of Vertiv in a research report on Thursday, July 10th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Vertiv in a research report on Friday, July 11th. Three investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $137.89.

Vertiv Stock Performance

Shares of NYSE:VRT opened at $143.11 on Monday. The company has a market capitalization of $54.54 billion, a price-to-earnings ratio of 83.20, a P/E/G ratio of 1.42 and a beta of 1.75. The firm’s 50 day simple moving average is $120.06 and its 200 day simple moving average is $104.35. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.72 and a quick ratio of 1.28. Vertiv has a fifty-two week low of $53.60 and a fifty-two week high of $155.84.

Insider Buying and Selling

In other news, insider Karsten Winther sold 5,500 shares of Vertiv 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 sale, the insider directly owned 18,847 shares in the company, valued at $1,777,837.51. This trade represents a 22.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Stephen Liang sold 43,683 shares of Vertiv stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $115.83, for a total transaction of $5,059,801.89. Following the completion of the sale, the executive vice president owned 9,551 shares in the company, valued at $1,106,292.33. This trade represents a 82.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.01% of the stock is owned by company insiders.

Institutional Trading of Vertiv

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. NEOS Investment Management LLC bought a new position in shares of Vertiv in the fourth quarter valued at $539,000. Allstate Corp bought a new position in shares of Vertiv in the fourth quarter valued at $1,186,000. Allianz SE bought a new position in shares of Vertiv in the fourth quarter valued at $624,000. Schroder Investment Management Group grew its stake in shares of Vertiv by 95.3% in the fourth quarter. Schroder Investment Management Group now owns 1,167,536 shares of the company’s stock valued at $135,621,000 after buying an additional 569,722 shares in the last quarter. Finally, CIBC Private Wealth Group LLC grew its stake in shares of Vertiv by 10,482.2% in the fourth quarter. CIBC Private Wealth Group LLC now owns 846,471 shares of the company’s stock valued at $96,168,000 after buying an additional 838,472 shares in the last quarter. 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.