Oppenheimer Increases Vertiv (NYSE:VRT) Price Target to $131.00

Vertiv (NYSE:VRT) had its price target increased by stock analysts at Oppenheimer from $121.00 to $131.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Oppenheimer’s price objective suggests a potential downside of 4.77% from the stock’s previous close.

Other research analysts have also issued research reports about the company. Jefferies Financial Group assumed coverage on Vertiv in a report on Monday, October 7th. They issued a “buy” rating and a $125.00 price objective on the stock. Citigroup raised 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. Bank of America upped their price target on 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 target price on Vertiv from $116.00 to $104.00 and set a “buy” rating for the company in a report on Thursday, July 25th. Finally, Mizuho boosted their price target on shares of Vertiv from $110.00 to $125.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Ten analysts have rated the stock with a buy rating, According to data from MarketBeat, Vertiv has a consensus rating of “Buy” and a consensus price target of $138.50.

Vertiv Stock Down 2.4 %

Shares of VRT opened at $137.56 on Tuesday. The company has a current ratio of 1.38, a quick ratio of 1.02 and a debt-to-equity ratio of 1.60. The firm has a market cap of $51.63 billion, a P/E ratio of 91.71, a PEG ratio of 1.31 and a beta of 1.58. The stock’s 50 day moving average is $108.75 and its two-hundred day moving average is $94.57. Vertiv has a 12 month low of $41.01 and a 12 month high of $141.76.

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

Insider Buying and Selling at Vertiv

In other Vertiv news, insider Karsten Winther sold 44,924 shares of the company’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 transaction, the insider now directly owns 10,542 shares in the company, valued at approximately $843,254.58. This represents a 80.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 5.01% of the stock is currently owned by insiders.

Institutional Trading of Vertiv

A number of hedge funds have recently bought and sold shares of VRT. Blair William & Co. IL acquired a new position in Vertiv in the first quarter valued at $284,000. Acadian Asset Management LLC grew its holdings in Vertiv by 1,019.3% in the first quarter. Acadian Asset Management LLC now owns 4,007 shares of the company’s stock valued at $326,000 after purchasing an additional 3,649 shares during the period. O Shaughnessy Asset Management LLC increased its holdings in shares of Vertiv by 37.0% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 11,535 shares of the company’s stock worth $942,000 after buying an additional 3,114 shares during the last quarter. UniSuper Management Pty Ltd raised its position in shares of Vertiv by 108.0% in the 1st quarter. UniSuper Management Pty Ltd now owns 5,200 shares of the company’s stock worth $425,000 after buying an additional 2,700 shares during the period. Finally, CANADA LIFE ASSURANCE Co grew its position in Vertiv by 157.5% during the first quarter. CANADA LIFE ASSURANCE Co now owns 223,914 shares of the company’s stock valued at $18,301,000 after acquiring an additional 136,956 shares during the period. Institutional investors and hedge funds own 89.92% of the company’s stock.

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.