Vertiv (NYSE:VRT) Price Target Raised to $110.00 at Barclays

Vertiv (NYSE:VRT - Get Free Report) had its price target boosted by analysts at Barclays from $90.00 to $110.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has an "equal weight" rating on the stock. Barclays's target price indicates a potential downside of 14.81% from the company's previous close.

A number of other research firms also recently issued reports on VRT. Roth Mkm started coverage on shares of Vertiv in a report on Tuesday, April 8th. They issued a "buy" rating and a $75.00 target price for the company. Evercore ISI restated an "outperform" rating and issued a $150.00 target price (up from $100.00) on shares of Vertiv in a report on Tuesday, May 27th. Wall Street Zen upgraded shares of Vertiv from a "buy" rating to a "strong-buy" rating in a report on Saturday, June 21st. KGI Securities started coverage on shares of Vertiv in a report on Thursday, April 24th. They issued a "hold" rating for the company. Finally, Melius Research raised shares of Vertiv from a "hold" rating to a "strong-buy" rating and lifted their price target for the company from $134.00 to $165.00 in a research report on Tuesday. Three analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $132.94.

Vertiv Trading Up 2.6%

Shares of NYSE VRT traded up $3.24 during midday trading on Wednesday, reaching $129.13. 1,809,712 shares of the stock were exchanged, compared to its average volume of 8,518,358. The company has a market capitalization of $49.21 billion, a P/E ratio of 75.16, a P/E/G ratio of 1.25 and a beta of 1.75. Vertiv has a 52-week low of $53.60 and a 52-week high of $155.84. 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 stock has a 50 day moving average price of $110.86 and a 200-day moving average price of $103.53.

Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $0.64 EPS for the quarter, topping analysts' consensus estimates 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 company's quarterly revenue was up 24.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.43 earnings per share. Equities research analysts expect that Vertiv will post 3.59 earnings per share for the current fiscal year.

Insider Transactions at Vertiv

In other Vertiv news, insider Karsten Winther sold 5,500 shares of the business's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $94.33, for a total transaction of $518,815.00. Following the sale, the insider directly owned 18,847 shares in the company, valued at approximately $1,777,837.51. The trade was a 22.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Stephen Liang sold 43,683 shares of the company's stock in a transaction that occurred on Friday, June 6th. The stock was 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 of the company's stock, valued at approximately $1,106,292.33. This represents a 82.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.01% of the stock is owned by company insiders.

Institutional Trading of Vertiv

Hedge funds and other institutional investors have recently made changes to their positions in the business. Garde Capital Inc. raised its holdings in shares of Vertiv by 1,886.7% in the 2nd quarter. Garde Capital Inc. now owns 298 shares of the company's stock worth $38,000 after purchasing an additional 283 shares in the last quarter. Colonial Trust Co SC boosted its holdings in shares of Vertiv by 211.9% in the fourth quarter. Colonial Trust Co SC now owns 315 shares of the company's stock worth $36,000 after buying an additional 214 shares during the period. Ameriflex Group Inc. acquired a new position in shares of Vertiv in the fourth quarter worth about $37,000. GW&K Investment Management LLC acquired a new position in shares of Vertiv in the first quarter worth about $26,000. Finally, TD Private Client Wealth LLC boosted its holdings in shares of Vertiv by 150.7% in the fourth quarter. TD Private Client Wealth LLC now owns 371 shares of the company's stock worth $42,000 after buying an additional 223 shares during the period. 89.92% of the stock is currently 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.

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