Vertiv (NYSE:VRT) Given Outperform Rating at Evercore ISI

Vertiv (NYSE:VRT - Get Free Report)'s stock had its "outperform" rating restated by investment analysts at Evercore ISI in a research report issued to clients and investors on Tuesday, Marketbeat reports. They currently have a $150.00 price objective on the stock, up from their previous price objective of $100.00. Evercore ISI's price target indicates a potential upside of 38.12% from the stock's current price.

VRT has been the subject of a number of other reports. Barclays decreased their price objective on Vertiv from $100.00 to $90.00 and set an "equal weight" rating for the company in a report on Friday, April 4th. JPMorgan Chase & Co. lifted their price objective on shares of Vertiv from $100.00 to $127.00 and gave the company an "overweight" rating in a report on Friday, May 16th. KGI Securities started coverage on shares of Vertiv in a report on Thursday, April 24th. They set a "hold" rating for the company. Cowen reiterated a "buy" rating on shares of Vertiv in a research note on Thursday, April 24th. Finally, Royal Bank of Canada started coverage on shares of Vertiv in a research report on Friday, March 7th. They set an "outperform" rating and a $121.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $122.38.

Vertiv Stock Down 0.6%

NYSE VRT traded down $0.62 during trading hours on Tuesday, reaching $108.61. 5,902,775 shares of the company's stock were exchanged, compared to its average volume of 8,941,427. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. The company has a market capitalization of $41.39 billion, a price-to-earnings ratio of 84.85, a price-to-earnings-growth ratio of 1.07 and a beta of 1.70. The company's 50-day moving average is $86.01 and its two-hundred day moving average is $105.45. Vertiv has a one year low of $53.60 and a one year high of $155.84.

Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.02. The company had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.94 billion. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. The firm's revenue was up 24.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.43 earnings per share. On average, analysts forecast that Vertiv will post 3.59 EPS for the current fiscal year.

Insider Transactions at Vertiv

In other news, insider Karsten Winther sold 5,500 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $94.33, for a total transaction of $518,815.00. Following the transaction, the insider now directly owns 18,847 shares of the company's stock, valued at approximately $1,777,837.51. This trade represents a 22.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.63% of the company's stock.

Hedge Funds Weigh In On Vertiv

A number of hedge funds have recently added to or reduced their stakes in VRT. Vanguard Group Inc. increased its position in shares of Vertiv by 3.7% in the first quarter. Vanguard Group Inc. now owns 37,715,159 shares of the company's stock worth $2,723,034,000 after purchasing an additional 1,359,070 shares during the period. Jennison Associates LLC raised its position in shares of Vertiv by 68.6% in the 4th quarter. Jennison Associates LLC now owns 7,754,347 shares of the company's stock valued at $880,971,000 after buying an additional 3,153,932 shares in the last quarter. Amundi raised its position in shares of Vertiv by 96.8% in the 1st quarter. Amundi now owns 6,951,773 shares of the company's stock valued at $469,490,000 after buying an additional 3,420,144 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Vertiv by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 6,050,965 shares of the company's stock worth $688,260,000 after acquiring an additional 99,181 shares during the period. Finally, Massachusetts Financial Services Co. MA acquired a new stake in shares of Vertiv during the 4th quarter worth approximately $597,379,000. Institutional investors own 89.92% of the company's stock.

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.