Vertiv (NYSE:VRT) Stock Rating Upgraded by Wall Street Zen

Vertiv (NYSE:VRT - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research report issued on Saturday.

A number of other equities analysts have also recently issued reports on VRT. KGI Securities began coverage on shares of Vertiv in a research note on Thursday, April 24th. They issued a "hold" rating on the stock. Royal Bank Of Canada began coverage on shares of Vertiv in a report on Friday, March 7th. They issued an "outperform" rating and a $121.00 target price for the company. Roth Mkm assumed coverage on shares of Vertiv in a report on Tuesday, April 8th. They set a "buy" rating and a $75.00 price objective for the company. Roth Capital upgraded Vertiv to a "strong-buy" rating in a research report on Monday, April 7th. Finally, Citigroup increased their target price on Vertiv from $98.00 to $130.00 and gave the company a "buy" rating in a research report on Monday, June 16th. Five investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Vertiv currently has a consensus rating of "Moderate Buy" and an average target price of $126.69.

Vertiv Trading Down 0.3%

Shares of VRT opened at $118.69 on Friday. The firm has a market cap of $45.23 billion, a price-to-earnings ratio of 69.01, a PEG ratio of 1.20 and a beta of 1.73. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.28 and a current ratio of 1.72. Vertiv has a fifty-two week low of $53.60 and a fifty-two week high of $155.84. The firm has a 50 day moving average price of $99.40 and a 200-day moving average price of $103.67.

Vertiv (NYSE:VRT - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The company reported $0.64 EPS for the quarter, topping 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 firm earned $0.43 earnings per share. The firm's revenue for the quarter was up 24.2% on a year-over-year basis. As a group, equities research analysts forecast that Vertiv will post 3.59 earnings per share for the current year.

Insider Activity

In other Vertiv 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 transaction, the insider now owns 18,847 shares in the company, valued at $1,777,837.51. The trade was a 22.59% decrease in their ownership of the stock. The transaction 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 stock was sold at an average price of $115.83, for a total value of $5,059,801.89. Following the sale, the executive vice president now directly owns 9,551 shares of the company's stock, valued at $1,106,292.33. This trade represents a 82.06% decrease in their position. The disclosure for this sale can be found here. Insiders own 2.63% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Guinness Asset Management LTD acquired a new position in Vertiv in the first quarter valued at approximately $304,000. Stanley Capital Management LLC increased its position in shares of Vertiv by 13.1% during the first quarter. Stanley Capital Management LLC now owns 259,000 shares of the company's stock worth $18,700,000 after purchasing an additional 30,000 shares in the last quarter. Nicola Wealth Management LTD. purchased a new stake in shares of Vertiv during the first quarter worth approximately $1,155,000. First Hawaiian Bank increased its position in shares of Vertiv by 17.3% during the first quarter. First Hawaiian Bank now owns 4,045 shares of the company's stock worth $292,000 after purchasing an additional 598 shares in the last quarter. Finally, Inspire Investing LLC increased its position in shares of Vertiv by 79.1% during the first quarter. Inspire Investing LLC now owns 12,831 shares of the company's stock worth $926,000 after purchasing an additional 5,665 shares in the last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.

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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