Vertiv (NYSE:VRT) Price Target Raised to $149.00 at Citigroup

Vertiv (NYSE:VRT - Get Free Report) had its target price raised by equities researchers at Citigroup from $130.00 to $149.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a "buy" rating on the stock. Citigroup's target price points to a potential upside of 13.61% from the stock's previous close.

Several other equities analysts have also commented on VRT. JPMorgan Chase & Co. upped their price objective on shares of Vertiv from $100.00 to $127.00 and gave the stock an "overweight" rating in a report on Friday, May 16th. The Goldman Sachs Group reiterated a "buy" rating on shares of Vertiv in a report on Friday, July 11th. Melius upgraded shares of Vertiv from a "hold" rating to a "buy" rating and set a $165.00 target price on the stock in a report on Tuesday, July 8th. Barclays raised their price objective on shares of Vertiv from $90.00 to $110.00 and gave the company an "equal weight" rating in a report on Wednesday, July 9th. Finally, Roth Mkm assumed coverage on shares of Vertiv in a report on Tuesday, April 8th. They issued a "buy" rating and a $75.00 price objective on the stock. Three research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Buy" and an average price target of $136.76.

Vertiv Stock Performance

NYSE VRT traded up $5.75 on Monday, reaching $131.15. 7,972,855 shares of the company's stock traded hands, compared to its average volume of 8,605,313. The firm has a market cap of $49.98 billion, a price-to-earnings ratio of 76.25, a P/E/G ratio of 1.27 and a beta of 1.75. The stock has a 50 day moving average price of $114.73 and a 200-day moving average price of $103.93. Vertiv has a fifty-two week low of $53.60 and a fifty-two week high of $155.84. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.28 and a current ratio of 1.72.

Vertiv (NYSE:VRT - Get Free Report) last released its earnings results on Wednesday, April 23rd. The company reported $0.64 EPS for the quarter, topping analysts' consensus estimates of $0.62 by $0.02. Vertiv had a net margin of 7.92% and a return on equity of 56.01%. The business had revenue of $2.04 billion during the quarter, compared to analysts' expectations of $1.94 billion. During the same quarter in the previous year, the company earned $0.43 earnings per share. The company's quarterly revenue was up 24.2% on a year-over-year basis. Equities research analysts predict that Vertiv will post 3.59 EPS for the current fiscal year.

Insider Buying and Selling

In other 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 owned 18,847 shares of the company's stock, valued at $1,777,837.51. The trade was a 22.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Stephen Liang sold 43,683 shares of the business's 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 transaction, the executive vice president directly owned 9,551 shares of the company's stock, valued at approximately $1,106,292.33. This represents a 82.06% decrease in their position. The disclosure for this sale can be found here. Insiders own 2.63% of the company's stock.

Hedge Funds Weigh In On Vertiv

A number of institutional investors have recently modified their holdings of VRT. GW&K Investment Management LLC acquired a new stake in shares of Vertiv in the first quarter worth $26,000. SouthState Corp acquired a new stake in shares of Vertiv in the first quarter worth $27,000. North Star Investment Management Corp. increased its position in shares of Vertiv by 4,120.0% in the first quarter. North Star Investment Management Corp. now owns 422 shares of the company's stock worth $30,000 after acquiring an additional 412 shares in the last quarter. Sachetta LLC increased its position in shares of Vertiv by 242.0% in the first quarter. Sachetta LLC now owns 448 shares of the company's stock worth $32,000 after acquiring an additional 317 shares in the last quarter. Finally, Banque Transatlantique SA acquired a new stake in shares of Vertiv in the first quarter worth $33,000. Institutional investors and hedge funds own 89.92% of the company's stock.

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.