The Goldman Sachs Group Boosts Vertiv (NYSE:VRT) Price Target to $116.00

Vertiv (NYSE:VRT - Get Free Report) had its price objective lifted by stock analysts at The Goldman Sachs Group from $103.00 to $116.00 in a report issued on Friday, Benzinga reports. The firm currently has a "buy" rating on the stock. The Goldman Sachs Group's target price points to a potential upside of 19.82% from the company's current price.

Other equities research analysts also recently issued research reports about the stock. Mizuho boosted their price objective on shares of Vertiv from $56.00 to $95.00 and gave the company a "neutral" rating in a research report on Friday, April 26th. Bank of America boosted their price target on Vertiv from $100.00 to $115.00 and gave the company a "buy" rating in a report on Wednesday. Evercore ISI raised their price objective on Vertiv from $90.00 to $95.00 and gave the stock an "outperform" rating in a research note on Thursday, April 25th. JPMorgan Chase & Co. boosted their price objective on Vertiv from $95.00 to $100.00 and gave the company an "overweight" rating in a research note on Thursday, April 25th. Finally, Citigroup increased their target price on shares of Vertiv from $102.00 to $110.00 and gave the stock a "buy" rating in a report on Thursday, April 25th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $91.00.

Vertiv Stock Performance

Vertiv stock traded down $0.48 during mid-day trading on Friday, reaching $96.81. 8,072,384 shares of the stock traded hands, compared to its average volume of 8,068,443. Vertiv has a 12-month low of $15.40 and a 12-month high of $104.76. The business's 50-day moving average is $84.68 and its 200-day moving average is $63.01. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.34 and a quick ratio of 0.98. The stock has a market capitalization of $36.24 billion, a PE ratio of 91.79, a price-to-earnings-growth ratio of 1.58 and a beta of 1.55.

Vertiv (NYSE:VRT - Get Free Report) last released its quarterly earnings results on Wednesday, April 24th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.37 by $0.06. The firm had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.62 billion. Vertiv had a net margin of 5.79% and a return on equity of 44.95%. The business's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.24 EPS. As a group, sell-side analysts predict that Vertiv will post 2.42 EPS for the current fiscal year.

Insider Activity

In other Vertiv news, Director Doherty Philip O' sold 2,511,295 shares of the business's stock in a transaction on Monday, April 29th. The shares were sold at an average price of $93.64, for a total value of $235,157,663.80. Following the sale, the director now owns 9,324,181 shares in the company, valued at approximately $873,116,308.84. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, EVP Anders Karlborg sold 46,206 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $93.75, for a total transaction of $4,331,812.50. Following the completion of the transaction, the executive vice president now directly owns 23,003 shares in the company, valued at approximately $2,156,531.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Doherty Philip O' sold 2,511,295 shares of the firm's stock in a transaction on Monday, April 29th. The shares were sold at an average price of $93.64, for a total transaction of $235,157,663.80. Following the completion of the transaction, the director now directly owns 9,324,181 shares of the company's stock, valued at $873,116,308.84. The disclosure for this sale can be found here. Insiders have sold a total of 3,426,331 shares of company stock worth $312,577,246 over the last quarter. Insiders own 5.62% of the company's stock.

Hedge Funds Weigh In On Vertiv

Several institutional investors have recently bought and sold shares of the business. Plato Investment Management Ltd increased its holdings in shares of Vertiv by 723.4% in the 1st quarter. Plato Investment Management Ltd now owns 24,192 shares of the company's stock worth $1,976,000 after buying an additional 21,254 shares during the last quarter. Zimmer Partners LP bought a new stake in Vertiv during the first quarter worth approximately $2,450,000. iA Global Asset Management Inc. purchased a new stake in Vertiv during the first quarter valued at approximately $7,648,000. LBP AM SA bought a new stake in shares of Vertiv in the 1st quarter valued at approximately $3,699,000. Finally, Comerica Bank boosted its holdings in shares of Vertiv by 29.4% in the 1st quarter. Comerica Bank now owns 436,413 shares of the company's stock worth $35,642,000 after purchasing an additional 99,269 shares during the period. Institutional investors 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.