Vertiv (NYSE:VRT) Price Target Raised to $150.00

Vertiv (NYSE:VRT - Get Free Report) had its price target hoisted by equities research analysts at Bank of America from $140.00 to $150.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Bank of America's target price suggests a potential upside of 19.62% from the company's current price.

VRT has been the topic of several other reports. Wall Street Zen upgraded Vertiv from a "buy" rating to a "strong-buy" rating in a report on Saturday, June 21st. Citigroup lifted their price target on Vertiv from $130.00 to $149.00 and gave the company a "buy" rating in a report on Monday. UBS Group reiterated a "buy" rating on shares of Vertiv in a report on Friday, July 11th. Morgan Stanley cut their price target on Vertiv from $140.00 to $125.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Finally, Melius Research raised Vertiv from a "hold" rating to a "strong-buy" rating and raised their price objective for the stock from $134.00 to $165.00 in a research report on Tuesday, July 8th. Three equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, Vertiv presently has an average rating of "Buy" and an average price target of $136.24.

Vertiv Price Performance

Shares of VRT stock opened at $125.40 on Thursday. Vertiv has a 52-week low of $53.60 and a 52-week high of $155.84. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.28 and a current ratio of 1.72. The firm has a market capitalization of $47.79 billion, a P/E ratio of 72.90, a P/E/G ratio of 1.27 and a beta of 1.75. The stock has a 50 day moving average price of $114.73 and a 200 day moving average price of $103.93.

Vertiv (NYSE:VRT - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.62 by $0.02. The company 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 56.01% and a net margin of 7.92%. Vertiv's quarterly revenue was up 24.2% on a year-over-year basis. During the same period last year, the business posted $0.43 EPS. As a group, sell-side analysts predict that Vertiv will post 3.59 earnings per share for the current year.

Insider Activity

In related news, insider Karsten Winther sold 5,500 shares of Vertiv stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $94.33, for a total value of $518,815.00. Following the completion of the transaction, the insider owned 18,847 shares in the company, valued at $1,777,837.51. The trade was a 22.59% 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, EVP Stephen Liang sold 43,683 shares of Vertiv stock in a transaction dated 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 completion of the transaction, the executive vice president owned 9,551 shares of the company's stock, valued at approximately $1,106,292.33. This represents a 82.06% decrease in their position. The disclosure for this sale can be found here. 2.63% of the stock is owned by insiders.

Institutional Investors Weigh In On Vertiv

Several large investors have recently bought and sold shares of VRT. Corient Private Wealth LLC increased its stake in Vertiv by 94.7% during the 4th quarter. Corient Private Wealth LLC now owns 28,872 shares of the company's stock worth $3,280,000 after buying an additional 14,042 shares in the last quarter. Parallel Advisors LLC increased its stake in Vertiv by 42.4% during the 4th quarter. Parallel Advisors LLC now owns 4,829 shares of the company's stock worth $549,000 after buying an additional 1,437 shares in the last quarter. Signaturefd LLC increased its stake in Vertiv by 7.6% during the 4th quarter. Signaturefd LLC now owns 7,068 shares of the company's stock worth $803,000 after buying an additional 501 shares in the last quarter. Axxcess Wealth Management LLC increased its stake in Vertiv by 7.9% during the 4th quarter. Axxcess Wealth Management LLC now owns 7,964 shares of the company's stock worth $905,000 after buying an additional 580 shares in the last quarter. Finally, Horizon Investments LLC increased its stake in Vertiv by 21.9% during the 4th quarter. Horizon Investments LLC now owns 1,787 shares of the company's stock worth $203,000 after buying an additional 321 shares in the last quarter. 89.92% of the stock is currently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.