Vertiv (NYSE:VRT) Stock Rating Upgraded by Melius

Vertiv (NYSE:VRT - Get Free Report) was upgraded by equities researchers at Melius from a "hold" rating to a "buy" rating in a research note issued on Tuesday, Marketbeat Ratings reports. The brokerage presently has a $165.00 target price on the stock. Melius' target price would indicate a potential upside of 30.36% from the stock's current price.

Other analysts also recently issued reports about the stock. The Goldman Sachs Group boosted their target price on shares of Vertiv from $106.00 to $122.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. Barclays dropped their price target on shares of Vertiv from $100.00 to $90.00 and set an "equal weight" rating on the stock in a research note on Friday, April 4th. Morgan Stanley dropped their price target on shares of Vertiv from $140.00 to $125.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Evercore ISI reaffirmed an "outperform" rating and issued a $150.00 price target (up from $100.00) on shares of Vertiv in a research note on Tuesday, May 27th. Finally, KGI Securities started coverage on shares of Vertiv in a research note on Thursday, April 24th. They issued a "hold" rating on the stock. Four research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $129.19.

Vertiv Price Performance

Shares of NYSE:VRT opened at $126.57 on Tuesday. The company's fifty day moving average is $110.06 and its two-hundred day moving average is $103.37. The company has a quick ratio of 1.28, a current ratio of 1.72 and a debt-to-equity ratio of 1.09. Vertiv has a 12-month low of $53.60 and a 12-month high of $155.84. The company has a market cap of $48.24 billion, a P/E ratio of 73.59, a price-to-earnings-growth ratio of 1.27 and a beta of 1.75.

Vertiv (NYSE:VRT - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.02. Vertiv had a net margin of 7.92% and a return on equity of 56.01%. The company had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the previous year, the business earned $0.43 EPS. The company's revenue was up 24.2% on a year-over-year basis. Equities analysts expect that Vertiv will post 3.59 earnings per share for the current fiscal year.

Insider Activity

In other Vertiv news, insider Karsten Winther sold 5,500 shares of the company'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 completion of the sale, the insider directly owned 18,847 shares in the company, valued at $1,777,837.51. This represents a 22.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Stephen Liang sold 43,683 shares of the company's stock in a transaction dated 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 sale, the executive vice president owned 9,551 shares of the company's stock, valued at $1,106,292.33. This trade 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 Investors Weigh In On Vertiv

Hedge funds have recently bought and sold shares of the company. Garde Capital Inc. boosted its holdings in Vertiv by 1,886.7% during the second quarter. Garde Capital Inc. now owns 298 shares of the company's stock valued at $38,000 after acquiring an additional 283 shares during the period. Colonial Trust Co SC boosted its holdings in Vertiv by 211.9% during the fourth quarter. Colonial Trust Co SC now owns 315 shares of the company's stock valued at $36,000 after acquiring an additional 214 shares during the period. Ameriflex Group Inc. bought a new stake in Vertiv during the fourth quarter valued at about $37,000. GW&K Investment Management LLC bought a new stake in Vertiv during the first quarter valued at about $26,000. Finally, TD Private Client Wealth LLC boosted its holdings in Vertiv by 150.7% during the fourth quarter. TD Private Client Wealth LLC now owns 371 shares of the company's stock valued at $42,000 after acquiring an additional 223 shares during the period. 89.92% of the stock is currently owned by institutional investors.

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.

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