Vertiv (NYSE:VRT) Given a $150.00 Price Target at Mizuho

Mizuho set a $150.00 price objective on Vertiv (NYSE:VRT - Free Report) in a research report sent to investors on Wednesday, MarketBeat reports. The firm currently has an outperform rating on the stock.

Several other analysts also recently weighed in on VRT. UBS Group reiterated a "buy" rating on shares of Vertiv in a research report on Friday, July 11th. Cowen reissued a "buy" rating on shares of Vertiv in a research report on Thursday, April 24th. Wolfe Research restated an "outperform" rating and issued a $155.00 price objective on shares of Vertiv in a research report on Thursday, July 10th. The Goldman Sachs Group reiterated a "buy" rating on shares of Vertiv in a report on Friday, July 11th. Finally, Roth Mkm assumed coverage on Vertiv in a report on Tuesday, April 8th. They set a "buy" rating and a $75.00 price target on the stock. Three research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, Vertiv presently has a consensus rating of "Buy" and a consensus price target of $136.76.

Vertiv Price Performance

Shares of VRT traded up $5.94 during trading hours on Wednesday, reaching $131.34. 6,622,766 shares of the company's stock traded hands, compared to its average volume of 8,602,192. The company has a current ratio of 1.72, a quick ratio of 1.28 and a debt-to-equity ratio of 1.09. Vertiv has a 12 month low of $53.60 and a 12 month high of $155.84. The stock has a market cap of $50.05 billion, a PE ratio of 76.31, a price-to-earnings-growth ratio of 1.27 and a beta of 1.75. The firm's 50 day simple moving average is $114.73 and its 200-day simple moving average is $103.93.

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

Vertiv Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, June 26th. Shareholders of record on Tuesday, June 17th were given a $0.0375 dividend. This is a positive change from Vertiv's previous dividend of $0.01. This represents a dividend yield of 0.14%. The ex-dividend date was Monday, June 16th. Vertiv's dividend payout ratio is presently 8.72%.

Insiders Place Their Bets

In other news, EVP Stephen Liang sold 43,683 shares of the company's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $115.83, for a total value of $5,059,801.89. Following the completion of the transaction, the executive vice president owned 9,551 shares of the company's stock, valued at $1,106,292.33. This represents a 82.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 position. The disclosure for this sale can be found here. Corporate insiders own 2.63% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in shares of Vertiv by 3.7% during the first quarter. Vanguard Group Inc. now owns 37,715,159 shares of the company's stock worth $2,723,034,000 after acquiring an additional 1,359,070 shares during the last quarter. Amundi lifted its position in shares of Vertiv by 96.8% in the first quarter. Amundi now owns 6,951,773 shares of the company's stock worth $469,490,000 after buying an additional 3,420,144 shares in the last quarter. Geode Capital Management LLC boosted its stake in Vertiv by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 6,050,965 shares of the company's stock valued at $688,260,000 after buying an additional 99,181 shares during the last quarter. Massachusetts Financial Services Co. MA purchased a new position in Vertiv during the 4th quarter valued at approximately $597,379,000. Finally, Wellington Management Group LLP increased its stake in Vertiv by 25.3% in the 4th quarter. Wellington Management Group LLP now owns 4,905,807 shares of the company's stock worth $557,349,000 after acquiring an additional 990,361 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors.

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.