Glj Research Initiates Coverage on Vertiv (NYSE:VRT)

Key Points

• Glj Research has downgraded Vertiv (NYSE:VRT) to a "strong sell" rating with a price objective of $112.00, indicating a potential downside of 8.26% from the stock's previous close.
• Despite the downgrade, Vertiv received mixed reviews from other analysts, with Zacks Research upgrading it to "strong-buy" and various firms maintaining or increasing price targets, ranging from $128.00 to $151.00.
• Vertiv's stock experienced a 5.4% drop during trading, closing at $122.0790, while the company reported a significant increase in revenue and earnings per share for the last quarter.

Stock analysts at Glj Research assumed coverage on shares of Vertiv (NYSE:VRT - Get Free Report) in a research note issued to investors on Tuesday, Marketbeat Ratings reports. The brokerage set a "sell" rating and a $112.00 price target on the stock. Glj Research's price objective would suggest a potential downside of 8.14% from the stock's previous close.

Several other analysts have also commented on VRT. Zacks Research raised Vertiv to a "strong-buy" rating in a report on Monday, August 11th. Morgan Stanley restated an "overweight" rating on shares of Vertiv in a research report on Sunday, August 10th. Wolfe Research restated an "outperform" rating and issued a $155.00 target price on shares of Vertiv in a research report on Thursday, July 10th. Wall Street Zen upgraded Vertiv from a "buy" rating to a "strong-buy" rating in a research report on Saturday, June 21st. Finally, Cowen restated a "buy" rating on shares of Vertiv in a research report on Thursday, April 24th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $142.00.

Vertiv Price Performance

VRT traded down $7.1240 during trading on Tuesday, hitting $121.9260. The company's stock had a trading volume of 3,053,751 shares, compared to its average volume of 9,220,177. The company has a current ratio of 1.74, a quick ratio of 1.35 and a debt-to-equity ratio of 0.93. Vertiv has a twelve month low of $53.60 and a twelve month high of $155.84. The business's fifty day simple moving average is $129.00 and its 200 day simple moving average is $105.39. The firm has a market capitalization of $46.56 billion, a price-to-earnings ratio of 58.39, a P/E/G ratio of 1.20 and a beta of 1.77.

Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.83 by $0.12. Vertiv had a return on equity of 51.64% and a net margin of 8.93%.The company had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same period last year, the company earned $0.67 earnings per share. Vertiv's quarterly revenue was up 35.1% compared to the same quarter last year. Vertiv has set its Q3 2025 guidance at 0.940-1.000 EPS. On average, equities research analysts forecast that Vertiv will post 3.59 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Stephen Liang sold 43,683 shares of Vertiv stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $115.83, for a total transaction of $5,059,801.89. Following the transaction, the executive vice president owned 9,551 shares in the company, valued at approximately $1,106,292.33. This trade represents a 82.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Karsten Winther sold 41,654 shares of Vertiv stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $134.21, for a total value of $5,590,383.34. Following the transaction, the insider owned 18,848 shares in the company, valued at approximately $2,529,590.08. The trade was a 68.85% decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.01% of the company's stock.

Hedge Funds Weigh In On Vertiv

Institutional investors have recently added to or reduced their stakes in the stock. Ibex Wealth Advisors lifted its position in Vertiv by 10.5% during the first quarter. Ibex Wealth Advisors now owns 73,739 shares of the company's stock worth $5,324,000 after buying an additional 6,989 shares in the last quarter. Gallo Partners LP purchased a new stake in Vertiv in the fourth quarter valued at $1,826,000. FengHe Fund Management Pte. Ltd. purchased a new stake in Vertiv in the first quarter valued at $33,389,000. Viking Fund Management LLC raised its position in Vertiv by 123.5% in the first quarter. Viking Fund Management LLC now owns 38,000 shares of the company's stock valued at $2,744,000 after purchasing an additional 21,000 shares during the period. Finally, Outlook Wealth Advisors LLC purchased a new stake in Vertiv in the first quarter valued at $475,000. Hedge funds and other institutional investors own 89.92% of the company's stock.

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.