Mizuho Boosts Vertiv (NYSE:VRT) Price Target to $95.00

Vertiv (NYSE:VRT - Get Free Report) had its price objective upped by Mizuho from $56.00 to $95.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has a "neutral" rating on the stock. Mizuho's price target would suggest a potential upside of 1.62% from the stock's current price.

A number of other brokerages have also recently weighed in on VRT. Bank of America boosted their price objective on shares of Vertiv from $80.00 to $90.00 and gave the stock a "buy" rating in a research note on Monday, March 18th. Oppenheimer boosted their target price on shares of Vertiv from $96.00 to $98.00 and gave the stock an "outperform" rating in a research report on Thursday. JPMorgan Chase & Co. upped their price target on shares of Vertiv from $95.00 to $100.00 and gave the company an "overweight" rating in a report on Thursday. Citigroup lifted their price objective on Vertiv from $102.00 to $110.00 and gave the stock a "buy" rating in a research note on Thursday. Finally, Evercore ISI raised their target price on Vertiv from $90.00 to $95.00 and gave the company an "outperform" rating in a report on Thursday. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $81.11.

Vertiv Stock Up 3.5 %

Shares of VRT stock traded up $3.14 on Friday, hitting $93.49. The company's stock had a trading volume of 15,248,430 shares, compared to its average volume of 8,147,426. The stock has a market capitalization of $35.71 billion, a price-to-earnings ratio of 89.89, a P/E/G ratio of 1.37 and a beta of 1.59. Vertiv has a fifty-two week low of $13.73 and a fifty-two week high of $95.32. The firm's fifty day moving average price is $76.51 and its 200-day moving average price is $57.47. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.74 and a quick ratio of 1.35.

Vertiv (NYSE:VRT - Get Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The company reported $0.43 earnings per share for the quarter, topping analysts' consensus estimates of $0.37 by $0.06. The company had revenue of $1.64 billion during the quarter, compared to analysts' expectations of $1.62 billion. Vertiv had a return on equity of 42.43% and a net margin of 5.79%. The business's quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.24 earnings per share. Research analysts anticipate that Vertiv will post 2.31 EPS for the current year.

Insider Buying and Selling at Vertiv

In other news, CAO Scott Cripps sold 56,594 shares of Vertiv stock in a transaction dated 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 document filed with the SEC, which is available 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 stock was sold at an average price of $70.24, for a total transaction of $21,507,207.04. Following the completion of the transaction, the executive vice president now directly owns 51,841 shares of the company's stock, valued at $3,641,311.84. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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. Insiders own 5.62% of the company's stock.

Hedge Funds Weigh In On Vertiv

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