The Goldman Sachs Group Increases Vertiv (NYSE:VRT) Price Target to $122.00

Vertiv (NYSE:VRT - Free Report) had its target price hoisted by The Goldman Sachs Group from $106.00 to $122.00 in a research report released on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other analysts have also recently issued reports on the company. Evercore ISI reissued an "outperform" rating and issued a $150.00 target price (up from $100.00) on shares of Vertiv in a research note on Tuesday, May 27th. KGI Securities started coverage on shares of Vertiv in a research report on Thursday, April 24th. They set a "hold" rating on the stock. Morgan Stanley lowered their target price on shares of Vertiv from $140.00 to $125.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. JPMorgan Chase & Co. raised their target price on Vertiv from $100.00 to $127.00 and gave the stock an "overweight" rating in a research report on Friday, May 16th. Finally, Roth Capital upgraded Vertiv to a "strong-buy" rating in a research report on Monday, April 7th. Five research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Vertiv currently has a consensus rating of "Moderate Buy" and a consensus target price of $124.69.

Vertiv Stock Performance

Shares of NYSE VRT traded up $2.06 during mid-day trading on Tuesday, reaching $110.53. 4,961,342 shares of the company's stock were exchanged, compared to its average volume of 8,729,298. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02. The firm has a market capitalization of $42.12 billion, a price-to-earnings ratio of 86.35, a price-to-earnings-growth ratio of 1.07 and a beta of 1.73. The firm has a 50-day moving average price of $91.50 and a two-hundred day moving average price of $104.22. 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.62 by $0.02. The business had revenue of $2.04 billion for the quarter, compared to analysts' expectations of $1.94 billion. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. The firm's quarterly revenue was up 24.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.43 EPS. Analysts predict that Vertiv will post 3.59 EPS for the current year.

Insider Activity

In related news, EVP Stephen Liang sold 43,683 shares of the stock in a transaction on Friday, June 6th. The shares were sold at an average price of $115.83, for a total transaction of $5,059,801.89. Following the completion of the sale, the executive vice president now owns 9,551 shares in the company, valued at $1,106,292.33. This represents a 82.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Karsten Winther sold 5,500 shares of the firm's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $94.33, for a total transaction of $518,815.00. Following the transaction, the insider now directly owns 18,847 shares in the company, valued at $1,777,837.51. The trade was 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

Institutional investors have recently added to or reduced their stakes in the business. Stanley Capital Management LLC boosted its holdings in Vertiv by 13.1% during the first quarter. Stanley Capital Management LLC now owns 259,000 shares of the company's stock worth $18,700,000 after buying an additional 30,000 shares in the last quarter. Nicola Wealth Management LTD. purchased a new position in Vertiv in the first quarter valued at about $1,155,000. First Hawaiian Bank lifted its position in shares of Vertiv by 17.3% during the 1st quarter. First Hawaiian Bank now owns 4,045 shares of the company's stock valued at $292,000 after acquiring an additional 598 shares during the period. Inspire Investing LLC boosted its stake in shares of Vertiv by 79.1% during the 1st quarter. Inspire Investing LLC now owns 12,831 shares of the company's stock worth $926,000 after acquiring an additional 5,665 shares in the last quarter. Finally, Anson Funds Management LP grew its holdings in shares of Vertiv by 80.9% in the 1st quarter. Anson Funds Management LP now owns 18,089 shares of the company's stock worth $1,306,000 after acquiring an additional 8,089 shares during the period. Hedge funds and other 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.