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Vertiv (NYSE:VRT) Stock Price Expected to Rise, Barclays Analyst Says

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Key Points

  • Barclays has increased its target price for Vertiv's stock from $145 to $170, maintaining an "equal weight" rating despite suggesting a slight potential downside from the current price.
  • Vertiv reported strong quarterly earnings with a 29% increase in revenue year-over-year, achieving $1.24 earnings per share, surpassing analysts' expectations.
  • Institutional investors collectively own 89.92% of Vertiv's stock, with significant increases in holdings from companies such as Vanguard and State Street.
  • MarketBeat previews the top five stocks to own by November 1st.

Vertiv (NYSE:VRT - Get Free Report) had its target price lifted by equities researchers at Barclays from $145.00 to $170.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has an "equal weight" rating on the stock. Barclays's target price would suggest a potential downside of 0.74% from the company's current price.

A number of other brokerages have also weighed in on VRT. Wolfe Research reaffirmed an "outperform" rating and set a $155.00 price objective on shares of Vertiv in a report on Thursday, July 10th. Cfra Research raised Vertiv to a "moderate buy" rating in a research report on Tuesday, October 7th. Deutsche Bank Aktiengesellschaft set a $216.00 target price on Vertiv and gave the company a "buy" rating in a research note on Wednesday, October 15th. Zacks Research lowered shares of Vertiv from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 2nd. Finally, Glj Research initiated coverage on Vertiv in a report on Tuesday, August 19th. They set a "sell" rating and a $112.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Vertiv has a consensus rating of "Moderate Buy" and a consensus price target of $170.75.

Check Out Our Latest Stock Report on VRT

Vertiv Stock Down 2.0%

Shares of VRT opened at $171.27 on Thursday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.35 and a current ratio of 1.74. Vertiv has a 1 year low of $53.60 and a 1 year high of $184.50. The stock has a market capitalization of $65.40 billion, a PE ratio of 81.95, a P/E/G ratio of 1.50 and a beta of 1.84. The company's 50-day simple moving average is $145.24 and its 200-day simple moving average is $122.05.

Vertiv (NYSE:VRT - Get Free Report) last posted its quarterly earnings results on Wednesday, October 22nd. The company reported $1.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.99 by $0.25. The company had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.59 billion. Vertiv had a return on equity of 51.64% and a net margin of 8.93%.Vertiv's revenue for the quarter was up 29.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.76 EPS. Vertiv has set its Q4 2025 guidance at 1.230-1.290 EPS. FY 2025 guidance at 4.070-4.130 EPS. Analysts forecast that Vertiv will post 3.59 earnings per share for the current fiscal year.

Insider Transactions at Vertiv

In related news, Director Steven Reinemund sold 100,000 shares of Vertiv stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $128.22, for a total value of $12,822,000.00. Following the transaction, the director owned 133,333 shares of the company's stock, valued at approximately $17,095,957.26. This trade represents a 42.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jakki L. Haussler sold 15,680 shares of the business's stock in a transaction on Monday, September 8th. The shares were sold at an average price of $123.92, for a total transaction of $1,943,065.60. Following the sale, the director directly owned 4,631 shares in the company, valued at approximately $573,873.52. This trade represents a 77.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 180,952 shares of company stock valued at $23,360,571 in the last quarter. Company insiders own 2.63% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Vertiv by 0.8% during the 2nd quarter. Vanguard Group Inc. now owns 38,006,755 shares of the company's stock worth $4,880,447,000 after purchasing an additional 291,596 shares during the last quarter. State Street Corp grew its holdings in Vertiv by 5.7% in the 2nd quarter. State Street Corp now owns 8,269,839 shares of the company's stock valued at $1,061,930,000 after buying an additional 442,937 shares during the last quarter. Amundi increased its position in Vertiv by 96.8% during the first quarter. Amundi now owns 6,951,773 shares of the company's stock worth $469,490,000 after acquiring an additional 3,420,144 shares during the period. Geode Capital Management LLC raised its position in shares of Vertiv by 3.4% during the second quarter. Geode Capital Management LLC now owns 6,686,778 shares of the company's stock valued at $856,082,000 after buying an additional 219,970 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in Vertiv by 20.9% in the 2nd quarter. Invesco Ltd. now owns 5,931,488 shares of the company's stock valued at $761,662,000 after acquiring an additional 1,024,634 shares in the last quarter. Hedge funds and other institutional investors own 89.92% of the company's stock.

Vertiv Company Profile

(Get Free Report)

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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Analyst Recommendations for Vertiv (NYSE:VRT)

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.

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