Vertiv (NYSE:VRT) Given New $95.00 Price Target at JPMorgan Chase & Co.

Vertiv (NYSE:VRT - Free Report) had its price objective increased by JPMorgan Chase & Co. from $65.00 to $95.00 in a research note released on Thursday morning, Benzinga reports. They currently have an overweight rating on the stock.

A number of other brokerages also recently commented on VRT. Evercore ISI lifted their price objective on Vertiv from $80.00 to $90.00 and gave the company an outperform rating in a research report on Friday, April 5th. Bank of America upped their price objective on shares of Vertiv from $80.00 to $90.00 and gave the company a buy rating in a research note on Monday, March 18th. Mizuho increased their price objective on shares of Vertiv from $50.00 to $56.00 and gave the stock a neutral rating in a report on Thursday, February 22nd. Oppenheimer started coverage on shares of Vertiv in a report on Friday, April 5th. They issued an outperform rating and a $96.00 target price for the company. Finally, Citigroup increased their price target on shares of Vertiv from $69.00 to $102.00 and gave the stock a buy rating in a research note on Monday. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus target price of $74.56.

Vertiv Price Performance

Shares of VRT stock traded up $1.55 during mid-day trading on Thursday, reaching $86.32. The stock had a trading volume of 8,888,049 shares, compared to its average volume of 7,540,008. The company has a market cap of $32.97 billion, a P/E ratio of 73.15, a price-to-earnings-growth ratio of 1.35 and a beta of 1.59. The company has a current ratio of 1.74, a quick ratio of 1.35 and a debt-to-equity ratio of 1.45. Vertiv has a 12-month low of $11.95 and a 12-month high of $88.69. The business has a 50-day simple moving average of $72.00 and a 200 day simple moving average of $54.04.

Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings data on Wednesday, February 21st. The company reported $0.56 earnings per share for the quarter, topping analysts' consensus estimates of $0.53 by $0.03. Vertiv had a net margin of 6.71% and a return on equity of 39.46%. The business had revenue of $1.87 billion during the quarter, compared to analysts' expectations of $1.88 billion. During the same period last year, the company posted $0.28 EPS. The company's revenue was up 12.7% on a year-over-year basis. On average, sell-side analysts anticipate that Vertiv will post 2.34 earnings per share for the current year.

Vertiv Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Tuesday, March 19th were paid a $0.025 dividend. The ex-dividend date of this dividend was Monday, March 18th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.12%. Vertiv's dividend payout ratio (DPR) is presently 8.47%.

Insider Buying and Selling at Vertiv

In related news, EVP Stephen Liang sold 306,196 shares of Vertiv stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $70.24, for a total value of $21,507,207.04. Following the completion of the transaction, the executive vice president now directly owns 51,841 shares in the company, valued at $3,641,311.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Vertiv news, EVP Stephen Liang sold 306,196 shares of Vertiv stock in a transaction on Friday, March 1st. The shares were sold at an average price of $70.24, for a total value of $21,507,207.04. Following the completion of the transaction, the executive vice president now owns 51,841 shares of the company's stock, valued at $3,641,311.84. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Scott Cripps sold 56,594 shares of the business's stock in a transaction on Friday, March 8th. The shares were sold at an average price of $70.76, for a total transaction of $4,004,591.44. The disclosure for this sale can be found here. 5.62% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Nordea Investment Management AB bought a new stake in shares of Vertiv during the fourth quarter valued at about $1,040,000. WT Asset Management Ltd bought a new stake in shares of Vertiv during the 4th quarter worth about $24,486,000. CenterBook Partners LP lifted its stake in shares of Vertiv by 82.0% in the 3rd quarter. CenterBook Partners LP now owns 174,938 shares of the company's stock worth $6,508,000 after acquiring an additional 78,793 shares during the period. Quadrature Capital Ltd boosted its holdings in shares of Vertiv by 791.6% in the third quarter. Quadrature Capital Ltd now owns 92,628 shares of the company's stock valued at $3,445,000 after acquiring an additional 82,239 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in shares of Vertiv by 244.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 41,984 shares of the company's stock valued at $2,016,000 after acquiring an additional 29,804 shares during the period. 89.92% of the stock is currently owned by 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.