Oppenheimer Issues Positive Forecast for Vertiv (NYSE:VRT) Stock Price

Vertiv (NYSE:VRT - Get Free Report) had its target price increased by investment analysts at Oppenheimer from $132.00 to $140.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Oppenheimer's price target would suggest a potential upside of 6.75% from the stock's previous close.

Several other brokerages also recently commented on VRT. The Goldman Sachs Group reissued a "buy" rating on shares of Vertiv in a research note on Friday, July 11th. Roth Capital raised shares of Vertiv to a "strong-buy" rating in a research note on Monday, April 7th. Wall Street Zen raised shares of Vertiv from a "buy" rating to a "strong-buy" rating in a research note on Saturday, June 21st. Citigroup raised their price target on shares of Vertiv from $130.00 to $149.00 and gave the company a "buy" rating in a research note on Monday. Finally, Melius raised shares of Vertiv from a "hold" rating to a "buy" rating and set a $165.00 price target for the company in a research note on Tuesday, July 8th. Three investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Vertiv has an average rating of "Buy" and a consensus price target of $136.76.

Vertiv Price Performance

NYSE:VRT traded up $5.75 on Thursday, hitting $131.15. The company had a trading volume of 7,983,921 shares, compared to its average volume of 8,587,770. The stock has a market capitalization of $49.98 billion, a price-to-earnings ratio of 76.25, a PEG ratio of 1.25 and a beta of 1.75. The company has a current ratio of 1.72, a quick ratio of 1.28 and a debt-to-equity ratio of 1.09. The firm has a 50 day moving average of $115.44 and a two-hundred day moving average of $104.03. Vertiv has a 52 week low of $53.60 and a 52 week high of $155.84.

Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.62 by $0.02. The business had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.94 billion. Vertiv had a net margin of 7.92% and a return on equity of 56.01%. The firm's revenue was up 24.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.43 EPS. On average, research analysts anticipate that Vertiv will post 3.59 earnings per share for the current year.

Insider Buying and Selling at Vertiv

In other Vertiv news, EVP Stephen Liang sold 43,683 shares of Vertiv stock in a transaction on Friday, June 6th. The shares were sold at an average price of $115.83, for a total value of $5,059,801.89. Following the completion of the sale, the executive vice president directly owned 9,551 shares of the company's stock, valued at approximately $1,106,292.33. The trade was a 82.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Karsten Winther sold 5,500 shares of Vertiv stock in a transaction on Friday, May 9th. The shares were sold at an average price of $94.33, for a total transaction of $518,815.00. Following the completion of the sale, the insider directly owned 18,847 shares of the company's stock, valued at approximately $1,777,837.51. This trade represents a 22.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.63% of the company's stock.

Institutional Investors Weigh In On Vertiv

Hedge funds and other institutional investors have recently bought and sold shares of the stock. GW&K Investment Management LLC bought a new stake in Vertiv in the first quarter valued at $26,000. SouthState Corp acquired a new position in shares of Vertiv during the first quarter valued at about $27,000. North Star Investment Management Corp. grew its holdings in shares of Vertiv by 4,120.0% during the first quarter. North Star Investment Management Corp. now owns 422 shares of the company's stock valued at $30,000 after buying an additional 412 shares during the last quarter. Sachetta LLC grew its holdings in shares of Vertiv by 242.0% during the first quarter. Sachetta LLC now owns 448 shares of the company's stock valued at $32,000 after buying an additional 317 shares during the last quarter. Finally, Banque Transatlantique SA acquired a new position in shares of Vertiv during the first quarter valued at about $33,000. 89.92% of the stock is owned by institutional investors.

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.