Vertiv (NYSE:VRT) Price Target Increased to $110.00 by Analysts at Citigroup

Vertiv (NYSE:VRT - Get Free Report) had its price target raised by equities researchers at Citigroup from $102.00 to $110.00 in a report issued on Thursday, Benzinga reports. The firm currently has a "buy" rating on the stock. Citigroup's price objective would suggest a potential upside of 21.75% from the stock's current price.

Other equities analysts have also issued reports about the stock. Evercore ISI upped their price objective on shares of Vertiv from $90.00 to $95.00 and gave the stock an "outperform" rating in a report on Thursday. JPMorgan Chase & Co. upped their price objective on shares of Vertiv from $95.00 to $100.00 and gave the stock an "overweight" rating in a report on Thursday. Mizuho upped 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. Bank of America increased their target price on shares of Vertiv from $80.00 to $90.00 and gave the stock a "buy" rating in a report on Monday, March 18th. Finally, Oppenheimer increased their target price on shares of Vertiv from $96.00 to $98.00 and gave the stock an "outperform" rating in a report on Thursday. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $76.78.

Vertiv Price Performance

Shares of VRT stock traded up $5.78 on Thursday, reaching $90.35. 19,945,187 shares of the company were exchanged, compared to its average volume of 8,059,959. The company has a market cap of $34.51 billion, a price-to-earnings ratio of 76.57, a P/E/G ratio of 1.26 and a beta of 1.59. The business has a 50-day moving average price of $75.35 and a 200 day moving average price of $56.87. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.35 and a current ratio of 1.74. Vertiv has a 1 year low of $13.06 and a 1 year high of $94.39.

Vertiv (NYSE:VRT - Get Free Report) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.06. Vertiv had a net margin of 6.71% and a return on equity of 39.46%. The company had revenue of $1.64 billion during the quarter, compared to analysts' expectations of $1.62 billion. During the same quarter in the prior year, the company earned $0.24 EPS. Vertiv's revenue was up 7.8% compared to the same quarter last year. Equities research analysts forecast that Vertiv will post 2.36 earnings per share for the current fiscal year.

Insider Buying and Selling

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

Institutional Trading of Vertiv

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Atticus Wealth Management LLC acquired a new stake in shares of Vertiv in the first quarter valued at about $27,000. Farmers & Merchants Investments Inc. increased its holdings in Vertiv by 66.7% during the 1st quarter. Farmers & Merchants Investments Inc. now owns 500 shares of the company's stock valued at $41,000 after acquiring an additional 200 shares in the last quarter. GAMMA Investing LLC purchased a new position in Vertiv during the 4th quarter valued at about $26,000. Raleigh Capital Management Inc. increased its holdings in Vertiv by 79.0% during the 4th quarter. Raleigh Capital Management Inc. now owns 571 shares of the company's stock valued at $27,000 after acquiring an additional 252 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its holdings in Vertiv by 161.7% during the 3rd quarter. First Horizon Advisors Inc. now owns 662 shares of the company's stock valued at $25,000 after acquiring an additional 409 shares in the last quarter. 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.

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