Oppenheimer Begins Coverage on Vertiv (NYSE:VRT)

Stock analysts at Oppenheimer began coverage on shares of Vertiv (NYSE:VRT - Get Free Report) in a note issued to investors on Friday, MarketBeat reports. The brokerage set an "outperform" rating and a $96.00 price target on the stock. Oppenheimer's price objective indicates a potential upside of 12.50% from the stock's previous close.

A number of other brokerages have also issued reports on VRT. Citigroup increased their price target on Vertiv from $49.00 to $58.00 and gave the stock a "buy" rating in a research note on Monday, December 11th. Bank of America raised their price objective on Vertiv from $80.00 to $90.00 and gave the company a "buy" rating in a research report on Monday, March 18th. JPMorgan Chase & Co. raised their price objective on Vertiv from $53.00 to $65.00 and gave the company an "overweight" rating in a research report on Thursday, February 22nd. Evercore ISI raised their price objective on Vertiv from $75.00 to $80.00 and gave the company an "outperform" rating in a research report on Wednesday, March 13th. Finally, Mizuho raised their price objective on Vertiv from $50.00 to $56.00 and gave the company a "neutral" rating in a research report on Thursday, February 22nd. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $66.33.

Vertiv Price Performance

VRT stock traded up $4.64 during trading on Friday, reaching $85.34. The company's stock had a trading volume of 7,971,476 shares, compared to its average volume of 7,474,589. Vertiv has a 1 year low of $11.95 and a 1 year high of $88.69. The company has a quick ratio of 1.35, a current ratio of 1.74 and a debt-to-equity ratio of 1.45. The company has a market capitalization of $32.60 billion, a P/E ratio of 72.32, a price-to-earnings-growth ratio of 1.36 and a beta of 1.59. The company's fifty day moving average is $69.81 and its 200-day moving average is $52.73.

Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.56 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.53 by $0.03. Vertiv had a return on equity of 39.46% and a net margin of 6.71%. The business had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same quarter in the prior year, the business posted $0.28 EPS. Vertiv's revenue for the quarter was up 12.7% compared to the same quarter last year. On average, research analysts expect that Vertiv will post 2.35 earnings per share for the current fiscal year.

Insider Activity at Vertiv

In related news, EVP Stephen Liang sold 306,196 shares of the stock in a transaction dated 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 approximately $3,641,311.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Vertiv news, EVP Stephen Liang sold 306,196 shares of the firm's stock in a transaction dated 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 sale, the executive vice president now owns 51,841 shares of the company's stock, valued at $3,641,311.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Scott Cripps sold 56,594 shares of the firm's stock in a transaction dated Friday, March 8th. The stock was 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 owned by insiders.

Institutional Trading of Vertiv

Several institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC purchased a new position in shares of Vertiv during the fourth quarter worth approximately $26,000. Raleigh Capital Management Inc. increased its position in shares of Vertiv by 79.0% during the fourth quarter. Raleigh Capital Management Inc. now owns 571 shares of the company's stock worth $27,000 after acquiring an additional 252 shares during the period. First Horizon Advisors Inc. increased its position in shares of Vertiv by 161.7% during the third quarter. First Horizon Advisors Inc. now owns 662 shares of the company's stock worth $25,000 after acquiring an additional 409 shares during the period. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Vertiv during the fourth quarter worth approximately $38,000. Finally, Quadrant Capital Group LLC increased its position in shares of Vertiv by 24.7% during the fourth quarter. Quadrant Capital Group LLC now owns 857 shares of the company's stock worth $41,000 after acquiring an additional 170 shares during the period. Institutional investors own 89.92% of the company's stock.

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.