Vertiv (NYSE:VRT) Stock Gets Price Target Trim from Glj Research

Vertiv (NYSE:VRT – Get Free Report) had its target price decreased by investment analysts at Glj Research from $188.00 to $187.00 in a research report issued on Monday, Benzinga reports. The firm presently has a “sell” rating on the stock. Glj Research‘s price target indicates a potential downside of 18.18% from the company’s current price.

Other analysts have also issued reports about the company. Roth Capital set a $345.00 price target on Vertiv in a research note on Thursday. Wall Street Zen upgraded Vertiv from a “hold” rating to a “buy” rating in a report on Saturday. Loop Capital lowered their target price on shares of Vertiv from $500.00 to $400.00 and set a “buy” rating on the stock in a research note on Friday, July 31st. HSBC dropped their target price on shares of Vertiv from $376.00 to $365.00 and set a “buy” rating for the company in a report on Friday, July 31st. Finally, Sanford C. Bernstein increased their target price on shares of Vertiv from $368.00 to $376.00 and gave the company an “outperform” rating in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $337.78.

Check Out Our Latest Report on Vertiv

Vertiv Price Performance

Shares of VRT traded down $3.94 during mid-day trading on Monday, hitting $228.56. 2,552,859 shares of the company were exchanged, compared to its average volume of 6,458,332. Vertiv has a 1-year low of $147.82 and a 1-year high of $379.93. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.01 and a current ratio of 1.39. The company has a 50 day moving average of $242.63 and a 200-day moving average of $268.96. The stock has a market cap of $87.99 billion, a price-to-earnings ratio of 42.84, a price-to-earnings-growth ratio of 0.74 and a beta of 2.11.

Vertiv (NYSE:VRT – Get Free Report) last posted its quarterly earnings data on Wednesday, October 28th. The company reported $2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.82 by $0.39. Vertiv had a return on equity of 53.31% and a net margin of 15.99%. The company had revenue of $4.31 billion for the quarter, compared to analysts’ expectations of $3.75 billion. During the same period in the previous year, the firm posted $1.24 EPS. Vertiv’s revenue was up 61.2% compared to the same quarter last year. Analysts expect that Vertiv will post 7.17 EPS for the current fiscal year.

Insider Activity

In other news, Director Edward Monser sold 15,287 shares of Vertiv stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $253.82, for a total transaction of $3,880,146.34. Following the transaction, the director owned 16,500 shares in the company, valued at $4,188,030. The trade was a 48.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Vertiv

Institutional investors have recently bought and sold shares of the company. Perpetual Ltd boosted its holdings in Vertiv by 6,110.5% in the third quarter. Perpetual Ltd now owns 114,397 shares of the company’s stock valued at $27,605,000 after acquiring an additional 112,555 shares during the last quarter. NFSG Corp increased its stake in Vertiv by 325.4% during the third quarter. NFSG Corp now owns 8,984 shares of the company’s stock worth $2,168,000 after acquiring an additional 6,872 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its stake in Vertiv by 536.3% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 76,358 shares of the company’s stock worth $19,134,000 after acquiring an additional 64,358 shares during the last quarter. N10 Wealth LLC raised its holdings in shares of Vertiv by 34.2% in the 3rd quarter. N10 Wealth LLC now owns 80,798 shares of the company’s stock worth $19,497,000 after purchasing an additional 20,604 shares during the period. Finally, LDR Capital Management LLC raised its holdings in shares of Vertiv by 111.5% in the 3rd quarter. LDR Capital Management LLC now owns 13,749 shares of the company’s stock worth $3,318,000 after purchasing an additional 7,248 shares during the period. 89.92% of the stock is owned by hedge funds and other institutional investors.

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Vertiv Company Profile

(Get Free Report)

Vertiv Holdings Co (NYSE: VRT) designs, manufactures and services critical digital infrastructure that supports data centers, communication networks and other facilities requiring reliable power and environmental control. Its solutions are used by cloud and colocation providers, telecommunications companies, enterprises, industrial organizations and edge-computing operators.

The company’s offerings include uninterruptible power supplies, power distribution and management systems, thermal-management and cooling equipment, integrated racks and enclosures, modular infrastructure, and monitoring and control software.

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