Vertiv (NYSE:VRT) Earns Buy Rating from Analysts at UBS Group

Research analysts at UBS Group initiated coverage on shares of Vertiv (NYSE:VRT) in a note issued to investors on Wednesday. The brokerage set a “buy” rating and a $155.00 price target on the stock. UBS Group’s price target would indicate a potential upside of 25.19% from the stock’s current price.

VRT has been the topic of a number of other research reports. Evercore ISI boosted their target price on shares of Vertiv from $125.00 to $135.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Citigroup lifted their price objective on Vertiv from $130.00 to $134.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Bank of America upped their price target on shares of Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. The Goldman Sachs Group dropped their price target on Vertiv from $116.00 to $104.00 and set a “buy” rating on the stock in a research note on Thursday, July 25th. Finally, TD Cowen lifted their price objective on shares of Vertiv from $93.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Ten investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $125.40.

Vertiv Trading Down 2.4 %

Shares of Vertiv stock opened at $123.81 on Wednesday. The firm’s 50-day moving average price is $102.48 and its two-hundred day moving average price is $93.08. The company has a market capitalization of $46.47 billion, a price-to-earnings ratio of 82.54, a PEG ratio of 1.38 and a beta of 1.58. The company has a quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 1.60. Vertiv has a 12-month low of $41.01 and a 12-month high of $130.30.

Vertiv (NYSE:VRT) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.07. The company had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $1.98 billion. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. Vertiv’s revenue was up 19.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.52 EPS. On average, analysts forecast that Vertiv will post 2.69 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Karsten Winther sold 44,924 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $79.99, for a total transaction of $3,593,470.76. Following the completion of the sale, the insider now owns 10,542 shares in the company, valued at $843,254.58. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 5.01% of the company’s stock.

Institutional Investors Weigh In On Vertiv

Several institutional investors have recently added to or reduced their stakes in the business. Empowered Funds LLC bought a new stake in shares of Vertiv in the first quarter valued at approximately $372,000. US Bancorp DE raised its holdings in Vertiv by 25.7% during the 1st quarter. US Bancorp DE now owns 14,412 shares of the company’s stock valued at $1,177,000 after acquiring an additional 2,951 shares during the period. Bleakley Financial Group LLC lifted its position in shares of Vertiv by 284.5% during the first quarter. Bleakley Financial Group LLC now owns 19,204 shares of the company’s stock worth $1,568,000 after acquiring an additional 14,210 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Vertiv by 0.7% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 310,004 shares of the company’s stock worth $25,318,000 after acquiring an additional 2,084 shares during the period. Finally, Blair William & Co. IL purchased a new position in shares of Vertiv in the first quarter valued at $284,000. 89.92% of the stock is owned by hedge funds and other institutional investors.

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.