Mizuho Boosts Vertiv (NYSE:VRT) Price Target to $125.00

Vertiv (NYSE:VRT) had its price target lifted by Mizuho from $110.00 to $125.00 in a report released on Thursday morning, Benzinga reports. Mizuho currently has an outperform rating on the stock.

VRT has been the topic of a number of other research reports. Bank of America increased their target price on Vertiv from $115.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Oppenheimer lifted their target price on Vertiv from $100.00 to $115.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Evercore ISI upped their price target on shares of Vertiv from $105.00 to $125.00 and gave the company an “outperform” rating in a research note on Monday, October 7th. Jefferies Financial Group started coverage on shares of Vertiv in a report on Monday, October 7th. They issued a “buy” rating and a $125.00 price objective for the company. Finally, The Goldman Sachs Group decreased their target price on shares of Vertiv from $116.00 to $104.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $122.11.

Vertiv Stock Up 1.9 %

Shares of VRT stock opened at $112.17 on Thursday. Vertiv has a 52-week low of $34.60 and a 52-week high of $116.41. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.00 and a current ratio of 1.36. The stock has a market cap of $42.08 billion, a price-to-earnings ratio of 87.63, a PEG ratio of 1.47 and a beta of 1.59. The firm’s 50-day moving average is $93.57 and its 200-day moving average is $90.23.

Vertiv (NYSE:VRT) last issued its earnings results on Wednesday, October 23rd. The company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.69 by $0.07. Vertiv had a return on equity of 50.79% and a net margin of 6.93%. The company had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the previous year, the company posted $0.52 EPS. The firm’s revenue for the quarter was up 19.0% compared to the same quarter last year. Sell-side analysts predict that Vertiv will post 2.58 EPS for the current year.

Vertiv Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Tuesday, September 17th were given a dividend of $0.025 per share. The ex-dividend date was Tuesday, September 17th. This represents a $0.10 annualized dividend and a yield of 0.09%. Vertiv’s dividend payout ratio is currently 7.81%.

Insider Buying and Selling at Vertiv

In other news, insider Karsten Winther sold 44,924 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $79.99, for a total transaction of $3,593,470.76. Following the completion of the transaction, the insider now owns 10,542 shares of the company’s stock, valued at approximately $843,254.58. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 5.01% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Massachusetts Financial Services Co. MA bought a new position in shares of Vertiv in the second quarter worth about $331,091,000. Price T Rowe Associates Inc. MD boosted its position in Vertiv by 303.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,777,057 shares of the company’s stock valued at $390,143,000 after buying an additional 3,591,903 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Vertiv by 5.5% during the first quarter. Vanguard Group Inc. now owns 33,622,257 shares of the company’s stock worth $2,745,930,000 after buying an additional 1,766,784 shares during the last quarter. Castle Hook Partners LP acquired a new position in shares of Vertiv during the first quarter worth $135,987,000. Finally, Westfield Capital Management Co. LP lifted its stake in shares of Vertiv by 85.2% in the 1st quarter. Westfield Capital Management Co. LP now owns 3,399,272 shares of the company’s stock valued at $277,619,000 after acquiring an additional 1,563,466 shares during the last quarter. Institutional investors own 89.92% of the company’s stock.

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.