Vertiv (NYSE:VRT) Earns Outperform Rating from Analysts at William Blair

Key Points

• William Blair has initiated coverage of Vertiv (NYSE: VRT) with an "outperform" rating, signaling confidence in the company's performance.
• Mizuho and Bank of America both set target prices at $150 for Vertiv, with Mizuho assigning an "outperform" rating and Bank of America a "buy" rating.
• Vertiv's stock has seen a significant price increase of 5.1%, with a 12-month price range between $53.60 and $155.84.

William Blair initiated coverage on shares of Vertiv (NYSE:VRT - Get Free Report) in a report issued on Monday,Briefing.com Automated Import reports. The firm set an "outperform" rating on the stock.

Several other research firms have also recently commented on VRT. Mizuho set a $150.00 target price on Vertiv and gave the company an "outperform" rating in a research report on Wednesday, July 16th. Bank of America raised their target price on Vertiv from $140.00 to $150.00 and gave the company a "buy" rating in a research report on Thursday, July 17th. Morgan Stanley lowered their target price on Vertiv from $140.00 to $125.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Melius Research upgraded Vertiv from a "hold" rating to a "strong-buy" rating and upped their target price for the stock from $134.00 to $165.00 in a research report on Tuesday, July 8th. Finally, Roth Mkm assumed coverage on Vertiv in a research report on Tuesday, April 8th. They issued a "buy" rating and a $75.00 target price for the company. Three investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat, Vertiv has an average rating of "Buy" and a consensus price target of $136.76.

Vertiv Stock Up 5.1%

VRT opened at $137.52 on Monday. Vertiv has a 12 month low of $53.60 and a 12 month high of $155.84. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.72 and a quick ratio of 1.28. The stock has a market cap of $52.41 billion, a P/E ratio of 79.96, a P/E/G ratio of 1.37 and a beta of 1.75. The stock's 50 day moving average price is $118.59 and its 200 day moving average price is $103.98.

Insider Activity at Vertiv

In related news, insider Karsten Winther sold 5,500 shares of the company'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 directly owned 18,847 shares of the company's stock, valued at approximately $1,777,837.51. The trade was a 22.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Stephen Liang sold 43,683 shares of the company's 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 transaction, the executive vice president directly owned 9,551 shares in the company, valued at $1,106,292.33. The trade was a 82.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.01% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Presidio Capital Management LLC grew its position in Vertiv by 1.3% during the second quarter. Presidio Capital Management LLC now owns 6,010 shares of the company's stock valued at $772,000 after purchasing an additional 80 shares in the last quarter. Grandview Asset Management LLC raised its position in Vertiv by 2.8% during the second quarter. Grandview Asset Management LLC now owns 3,536 shares of the company's stock valued at $454,000 after acquiring an additional 96 shares in the last quarter. Focus Partners Advisor Solutions LLC raised its position in Vertiv by 3.1% during the fourth quarter. Focus Partners Advisor Solutions LLC now owns 3,226 shares of the company's stock valued at $367,000 after acquiring an additional 97 shares in the last quarter. Utah Retirement Systems raised its position in Vertiv by 0.3% during the fourth quarter. Utah Retirement Systems now owns 39,300 shares of the company's stock valued at $4,465,000 after acquiring an additional 100 shares in the last quarter. Finally, Ameriflex Group Inc. raised its position in Vertiv by 14.9% during the second quarter. Ameriflex Group Inc. now owns 770 shares of the company's stock valued at $95,000 after acquiring an additional 100 shares in the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.

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.

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