The Goldman Sachs Group Issues Positive Forecast for Vertiv (NYSE:VRT) Stock Price

Vertiv (NYSE:VRT - Free Report) had its price target boosted by The Goldman Sachs Group from $106.00 to $122.00 in a research note issued to investors on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the stock.

VRT has been the topic of a number of other reports. Roth Capital upgraded Vertiv to a "strong-buy" rating in a research report on Monday, April 7th. Cowen reissued a "buy" rating on shares of Vertiv in a report on Thursday, April 24th. JPMorgan Chase & Co. raised their target price on shares of Vertiv from $100.00 to $127.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. Citigroup dropped their price target on shares of Vertiv from $153.00 to $98.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Finally, Barclays reduced their price objective on shares of Vertiv from $100.00 to $90.00 and set an "equal weight" rating on the stock in a research note on Friday, April 4th. Five analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $124.69.

Vertiv Stock Performance

VRT stock traded down $3.72 on Tuesday, reaching $110.78. 5,786,317 shares of the company were exchanged, compared to its average volume of 8,713,958. The firm has a market capitalization of $42.22 billion, a PE ratio of 86.55, a PEG ratio of 1.07 and a beta of 1.73. Vertiv has a 12 month low of $53.60 and a 12 month high of $155.84. The stock's fifty day moving average price is $93.54 and its 200 day moving average price is $104.14. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02.

Vertiv (NYSE:VRT - Get Free Report) last released its earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share 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 the consensus estimate of $1.94 billion. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. The firm's revenue for the quarter was up 24.2% compared to the same quarter last year. During the same period last year, the business earned $0.43 earnings per share. On average, research analysts anticipate that Vertiv will post 3.59 EPS for the current fiscal year.

Insider Buying and Selling at Vertiv

In other news, EVP Stephen Liang sold 43,683 shares of the firm's stock in a transaction that occurred 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 trade represents a 82.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Karsten Winther sold 5,500 shares of the company's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $94.33, for a total value of $518,815.00. Following the transaction, the insider now directly owns 18,847 shares in the company, valued at $1,777,837.51. This represents a 22.59% decrease in their position. The disclosure for this sale can be found here. 2.63% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Vertiv

Several large investors have recently modified their holdings of VRT. Massachusetts Financial Services Co. MA purchased a new stake in Vertiv during the 4th quarter worth about $597,379,000. Norges Bank purchased a new stake in Vertiv during the fourth quarter valued at about $391,777,000. Amundi grew its stake in shares of Vertiv by 96.8% during the first quarter. Amundi now owns 6,951,773 shares of the company's stock valued at $469,490,000 after buying an additional 3,420,144 shares during the last quarter. 1832 Asset Management L.P. grew its stake in shares of Vertiv by 985.3% during the first quarter. 1832 Asset Management L.P. now owns 2,301,700 shares of the company's stock valued at $166,183,000 after buying an additional 2,089,612 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in Vertiv by 136.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,336,862 shares of the company's stock valued at $379,101,000 after acquiring an additional 1,928,275 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.