Recent Research Analysts’ Ratings Changes for Vertiv (VRT)

A number of research firms have changed their ratings and price targets for Vertiv (NYSE: VRT):

• 11/19/2024 – Vertiv had its price target raised by analysts at JPMorgan Chase & Co. from $124.00 to $132.00. They now have an “overweight” rating on the stock.
• 11/19/2024 – Vertiv had its price target raised by analysts at Mizuho from $125.00 to $145.00. They now have an “outperform” rating on the stock.
• 11/19/2024 – Vertiv had its price target raised by analysts at Oppenheimer Holdings Inc. from $121.00 to $131.00. They now have an “outperform” rating on the stock.
• 11/19/2024 – Vertiv had its price target raised by analysts at TD Cowen from $115.00 to $141.00. They now have a “buy” rating on the stock.
• 11/19/2024 – Vertiv had its price target raised by analysts at Citigroup Inc. from $134.00 to $141.00. They now have a “buy” rating on the stock.
• 11/19/2024 – Vertiv had its price target raised by analysts at The Goldman Sachs Group, Inc. from $126.00 to $140.00. They now have a “buy” rating on the stock.
• 11/13/2024 – Vertiv is now covered by analysts at UBS Group AG. They set a “buy” rating and a $155.00 price target on the stock.
• 10/24/2024 – Vertiv had its price target raised by analysts at Evercore ISI from $125.00 to $135.00. They now have an “outperform” rating on the stock.
• 10/24/2024 – Vertiv had its price target raised by analysts at Oppenheimer Holdings Inc. from $115.00 to $121.00. They now have an “outperform” rating on the stock.
• 10/24/2024 – Vertiv had its price target raised by analysts at Mizuho from $110.00 to $125.00. They now have an “outperform” rating on the stock.
• 10/24/2024 – Vertiv had its price target raised by analysts at TD Cowen from $93.00 to $115.00. They now have a “buy” rating on the stock.
• 10/24/2024 – Vertiv had its price target raised by analysts at Citigroup Inc. from $130.00 to $134.00. They now have a “buy” rating on the stock.
• 10/24/2024 – Vertiv had its price target raised by analysts at Bank of America Co. from $130.00 to $140.00. They now have a “buy” rating on the stock.
• 10/17/2024 – Vertiv had its price target raised by analysts at Mizuho from $92.00 to $110.00. They now have an “outperform” rating on the stock.
• 10/15/2024 – Vertiv had its price target raised by analysts at Bank of America Co. from $115.00 to $130.00. They now have a “buy” rating on the stock.
• 10/14/2024 – Vertiv had its price target raised by analysts at Oppenheimer Holdings Inc. from $100.00 to $115.00. They now have an “outperform” rating on the stock.

Vertiv Stock Performance

Shares of VRT stock opened at $133.85 on Monday. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.38. The stock has a market capitalization of $50.24 billion, a price-to-earnings ratio of 89.23, a PEG ratio of 1.35 and a beta of 1.61. Vertiv Holdings Co has a one year low of $44.14 and a one year high of $145.67. The company’s 50-day simple moving average is $118.10 and its 200-day simple moving average is $97.40.

Vertiv (NYSE:VRT) last released its 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. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. The company had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter last year, the business posted $0.52 EPS. Vertiv’s quarterly revenue was up 19.0% compared to the same quarter last year. Equities analysts anticipate that Vertiv Holdings Co will post 2.69 earnings per share for the current fiscal year.

Vertiv Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd will be issued a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.11%. This is a boost from Vertiv’s previous quarterly dividend of $0.03. The ex-dividend date is Tuesday, December 3rd. Vertiv’s dividend payout ratio is 6.67%.

Insider Transactions at Vertiv

In other news, Director Jan Van Dokkum sold 38,647 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $136.39, for a total transaction of $5,271,064.33. Following the completion of the transaction, the director now owns 25,000 shares of the company’s stock, valued at approximately $3,409,750. The trade was a 60.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Stephen Liang sold 86,619 shares of the stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $131.07, for a total transaction of $11,353,152.33. Following the completion of the sale, the executive vice president now directly owns 19,551 shares in the company, valued at approximately $2,562,549.57. This trade represents a 81.59 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 171,527 shares of company stock worth $23,105,682. 5.01% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Clearbridge Investments LLC increased its holdings in shares of Vertiv by 15.4% during the second quarter. Clearbridge Investments LLC now owns 2,553,001 shares of the company’s stock valued at $221,013,000 after purchasing an additional 340,639 shares during the period. Whittier Trust Co. grew its position in Vertiv by 7.2% in the 3rd quarter. Whittier Trust Co. now owns 127,210 shares of the company’s stock valued at $12,656,000 after buying an additional 8,579 shares in the last quarter. Janney Capital Management LLC acquired a new position in Vertiv during the 3rd quarter valued at about $8,403,000. Assenagon Asset Management S.A. raised its position in shares of Vertiv by 190.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 55,923 shares of the company’s stock worth $5,564,000 after buying an additional 36,684 shares in the last quarter. Finally, KBC Group NV lifted its stake in shares of Vertiv by 46.8% in the 3rd quarter. KBC Group NV now owns 76,932 shares of the company’s stock worth $7,654,000 after acquiring an additional 24,526 shares during the period. 89.92% of the stock is owned by institutional investors and hedge funds.

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.