Vertiv (NYSE:VRT) PT Raised to $95.00 at Mizuho

Vertiv (NYSE:VRT) had its target price boosted by Mizuho from $56.00 to $95.00 in a research report released on Friday morning, Benzinga reports. Mizuho currently has a neutral rating on the stock.

Other research analysts have also issued reports about the company. Citigroup upped their price target on Vertiv from $102.00 to $110.00 and gave the stock a buy rating in a report on Thursday, April 25th. Evercore ISI upped their target price on shares of Vertiv from $90.00 to $95.00 and gave the company an outperform rating in a research note on Thursday, April 25th. Bank of America increased their price target on shares of Vertiv from $80.00 to $90.00 and gave the company a buy rating in a report on Monday, March 18th. JPMorgan Chase & Co. boosted their price objective on shares of Vertiv from $95.00 to $100.00 and gave the stock an overweight rating in a report on Thursday, April 25th. Finally, Oppenheimer increased their target price on shares of Vertiv from $96.00 to $98.00 and gave the company an outperform rating in a research note on Thursday, April 25th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $81.11.

Vertiv Stock Up 1.4 %

VRT opened at $94.80 on Friday. The company has a market capitalization of $36.21 billion, a PE ratio of 91.15, a price-to-earnings-growth ratio of 1.44 and a beta of 1.59. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.74 and a quick ratio of 1.35. Vertiv has a fifty-two week low of $14.27 and a fifty-two week high of $95.32. The business has a 50-day moving average of $77.15 and a 200-day moving average of $58.08.

Vertiv (NYSE:VRT) last released its earnings results on Wednesday, April 24th. The company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.06. The firm had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.62 billion. Vertiv had a net margin of 5.79% and a return on equity of 42.43%. The business’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.24 EPS. Equities research analysts forecast that Vertiv will post 2.38 EPS for the current fiscal year.

Vertiv Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Tuesday, March 19th were paid a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.11%. The ex-dividend date of this dividend was Monday, March 18th. Vertiv’s dividend payout ratio is 9.62%.

Insider Buying and Selling at Vertiv

In related news, EVP Stephen Liang sold 306,196 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $70.24, for a total transaction of $21,507,207.04. Following the completion of the transaction, the executive vice president now owns 51,841 shares in the company, valued at approximately $3,641,311.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, EVP Stephen Liang sold 306,196 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $70.24, for a total transaction of $21,507,207.04. Following the completion of the sale, the executive vice president now owns 51,841 shares in the company, valued at approximately $3,641,311.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Scott Cripps sold 56,594 shares of the business’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $70.76, for a total transaction of $4,004,591.44. The disclosure for this sale can be found here. Company insiders own 5.62% of the company’s stock.

Hedge Funds Weigh In On Vertiv

Several institutional investors have recently bought and sold shares of VRT. Bogart Wealth LLC bought a new stake in shares of Vertiv during the first quarter worth $25,000. Atticus Wealth Management LLC acquired a new position in Vertiv during the 1st quarter worth about $27,000. Hazlett Burt & Watson Inc. acquired a new position in Vertiv during the 1st quarter worth about $34,000. Farmers & Merchants Investments Inc. grew its holdings in Vertiv by 66.7% during the 1st quarter. Farmers & Merchants Investments Inc. now owns 500 shares of the company’s stock worth $41,000 after acquiring an additional 200 shares during the last quarter. Finally, GAMMA Investing LLC acquired a new stake in Vertiv in the 4th quarter valued at about $26,000. 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.