Vertiv (NYSE:VRT) Given New $157.00 Price Target at Roth Capital

Key Points

• Roth Capital has raised its price target for Vertiv from $100.00 to $157.00, indicating a potential upside of 9.45% from the previous close.
• The consensus rating for Vertiv is a "Moderate Buy", with 17 analysts issuing buy ratings and 3 with hold ratings.
• Vertiv's stock has experienced significant insider activity, with executives selling large amounts of their shares recently, marking a decrease in their holdings.

Vertiv (NYSE:VRT - Get Free Report) had its price objective lifted by stock analysts at Roth Capital from $100.00 to $157.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Roth Capital's price target would indicate a potential upside of 9.45% from the company's previous close.

Several other equities analysts have also recently weighed in on VRT. Wolfe Research restated an "outperform" rating and set a $155.00 price objective on shares of Vertiv in a research note on Thursday, July 10th. Oppenheimer upped their price target on Vertiv from $132.00 to $140.00 and gave the company an "outperform" rating in a research report on Thursday, July 17th. Roth Mkm started coverage on Vertiv in a research report on Tuesday, April 8th. They set a "buy" rating and a $75.00 target price for the company. Mizuho lifted their price objective on shares of Vertiv from $125.00 to $150.00 and gave the stock an "outperform" rating in a report on Wednesday, July 16th. Finally, Barclays lifted their price target on shares of Vertiv from $90.00 to $110.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 9th. Three research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $137.89.

Vertiv Trading Up 0.6%

Shares of VRT stock traded up $0.90 during mid-day trading on Tuesday, hitting $143.45. The company's stock had a trading volume of 9,705,477 shares, compared to its average volume of 9,422,207. The company has a market cap of $54.67 billion, a PE ratio of 83.50, a P/E/G ratio of 1.37 and a beta of 1.75. The company's fifty day simple moving average is $119.32 and its 200-day simple moving average is $104.08. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.28 and a current ratio of 1.72. Vertiv has a 52 week low of $53.60 and a 52 week high of $155.84.

Insider Activity

In other Vertiv news, EVP Stephen Liang sold 43,683 shares of the business's 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 directly owned 9,551 shares in the company, valued at approximately $1,106,292.33. The trade was a 82.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Karsten Winther sold 5,500 shares of the stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $94.33, for a total value of $518,815.00. Following the completion of the transaction, the insider directly owned 18,847 shares in the company, valued at approximately $1,777,837.51. This represents a 22.59% decrease in their position. The disclosure for this sale can be found here. 5.01% of the stock is currently owned by insiders.

Institutional Trading of Vertiv

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VRT. Ibex Wealth Advisors boosted its stake in Vertiv by 10.5% in the 1st quarter. Ibex Wealth Advisors now owns 73,739 shares of the company's stock worth $5,324,000 after purchasing an additional 6,989 shares during the period. Gallo Partners LP bought a new position in shares of Vertiv during the 4th quarter valued at approximately $1,826,000. Massachusetts Financial Services Co. MA purchased a new stake in shares of Vertiv in the fourth quarter valued at $597,379,000. Viking Fund Management LLC boosted its holdings in Vertiv by 123.5% during the 1st quarter. Viking Fund Management LLC now owns 38,000 shares of the company's stock valued at $2,744,000 after acquiring an additional 21,000 shares during the period. Finally, Geode Capital Management LLC boosted its position in Vertiv by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 6,050,965 shares of the company's stock valued at $688,260,000 after buying an additional 99,181 shares during the period. 89.92% of the stock is owned by hedge funds and other 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.

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