UBS Group Begins Coverage on Vertiv (NYSE:VRT)

UBS Group initiated coverage on shares of Vertiv (NYSE:VRT) in a research note issued to investors on Wednesday morning, Marketbeat reports. The firm issued a buy rating and a $155.00 target price on the stock.

A number of other analysts have also issued reports on VRT. Evercore ISI boosted their target price on shares of Vertiv from $125.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Citigroup upped their target price on shares of Vertiv from $130.00 to $134.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Jefferies Financial Group assumed coverage on shares of Vertiv in a research note on Monday, October 7th. They set a “buy” rating and a $125.00 price target for the company. TD Cowen increased their price objective on Vertiv from $93.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, Oppenheimer lifted their target price on Vertiv from $115.00 to $121.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat, Vertiv has a consensus rating of “Buy” and a consensus target price of $125.40.

Vertiv Stock Performance

Vertiv stock opened at $120.87 on Wednesday. Vertiv has a 1-year low of $41.01 and a 1-year high of $130.30. The company’s 50-day moving average is $105.37 and its 200 day moving average is $93.68. The firm has a market capitalization of $45.37 billion, a P/E ratio of 80.58, a price-to-earnings-growth ratio of 1.35 and a beta of 1.58. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02.

Vertiv (NYSE:VRT) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share (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 firm had revenue of $2.07 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same period last year, the company earned $0.52 EPS. Vertiv’s quarterly revenue was up 19.0% compared to the same quarter last year. Research analysts forecast that Vertiv will post 2.69 EPS for the current year.

Vertiv Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Tuesday, September 17th were paid a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.08%. The ex-dividend date was Tuesday, September 17th. Vertiv’s dividend payout ratio (DPR) is currently 6.67%.

Insider Buying and Selling at Vertiv

In other news, insider Karsten Winther sold 44,924 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $79.99, for a total value of $3,593,470.76. Following the sale, the insider now directly owns 10,542 shares in the company, valued at approximately $843,254.58. This trade represents a 80.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.01% of the stock is owned by insiders.

Institutional Investors Weigh In On Vertiv

Several institutional investors have recently bought and sold shares of VRT. Geode Capital Management LLC grew its stake in Vertiv by 7.4% during the 3rd quarter. Geode Capital Management LLC now owns 5,951,784 shares of the company’s stock worth $592,433,000 after buying an additional 408,054 shares during the last quarter. Vestcor Inc grew its position in Vertiv by 155.6% during the 3rd quarter. Vestcor Inc now owns 39,734 shares of the company’s stock worth $3,953,000 after purchasing an additional 24,189 shares during the last quarter. M&T Bank Corp increased its stake in Vertiv by 6.5% during the 3rd quarter. M&T Bank Corp now owns 35,911 shares of the company’s stock valued at $3,573,000 after purchasing an additional 2,192 shares in the last quarter. Barclays PLC lifted its stake in shares of Vertiv by 51.4% during the third quarter. Barclays PLC now owns 431,586 shares of the company’s stock worth $42,940,000 after buying an additional 146,463 shares during the period. Finally, Continuum Advisory LLC grew its holdings in shares of Vertiv by 36.2% during the third quarter. Continuum Advisory LLC now owns 1,481 shares of the company’s stock valued at $147,000 after buying an additional 394 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

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.