Vertiv (NYSE:VRT) Price Target Raised to $95.00 at Mizuho

Vertiv (NYSE:VRT) had its target price hoisted by Mizuho from $56.00 to $95.00 in a report issued on Friday, Benzinga reports. Mizuho currently has a neutral rating on the stock.

VRT has been the subject of several other research reports. JPMorgan Chase & Co. increased their price objective on shares of Vertiv from $95.00 to $100.00 and gave the company an overweight rating in a research report on Thursday. Oppenheimer lifted their price target on shares of Vertiv from $96.00 to $98.00 and gave the stock an outperform rating in a research note on Thursday. Bank of America raised their target price on Vertiv from $80.00 to $90.00 and gave the company a buy rating in a research note on Monday, March 18th. Citigroup boosted their price target on Vertiv from $102.00 to $110.00 and gave the stock a buy rating in a research note on Thursday. Finally, Evercore ISI raised their price objective on Vertiv from $90.00 to $95.00 and gave the company an outperform rating in a research note on Thursday. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of Moderate Buy and an average price target of $81.11.

Vertiv Price Performance

Vertiv stock opened at $93.49 on Friday. The company has a quick ratio of 1.35, a current ratio of 1.74 and a debt-to-equity ratio of 1.45. The firm has a market capitalization of $35.71 billion, a P/E ratio of 89.89, a PEG ratio of 1.44 and a beta of 1.59. The firm has a fifty day moving average of $76.51 and a 200-day moving average of $57.47. Vertiv has a 52-week low of $13.73 and a 52-week high of $95.32.

Vertiv (NYSE:VRT) last released its quarterly earnings data on Wednesday, April 24th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.37 by $0.06. Vertiv had a return on equity of 42.43% and a net margin of 5.79%. The company had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.62 billion. During the same period last year, the company posted $0.24 earnings per share. The firm’s revenue was up 7.8% compared to the same quarter last year. As a group, analysts predict that Vertiv will post 2.35 EPS for the current year.

Vertiv Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Tuesday, March 19th were issued a $0.025 dividend. The ex-dividend date was Monday, March 18th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.11%. Vertiv’s dividend payout ratio (DPR) is 9.62%.

Insider Buying and Selling

In other Vertiv news, CAO Scott Cripps sold 56,594 shares of the business’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $70.76, for a total transaction of $4,004,591.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Vertiv news, CAO Scott Cripps sold 56,594 shares of Vertiv stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $70.76, for a total value of $4,004,591.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Stephen Liang sold 306,196 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $70.24, for a total value of $21,507,207.04. Following the sale, the executive vice president now owns 51,841 shares in the company, valued at $3,641,311.84. The disclosure for this sale can be found here. 5.62% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Vertiv

Large investors have recently made changes to their positions in the company. First Horizon Advisors Inc. increased its position in Vertiv by 161.7% in the 3rd quarter. First Horizon Advisors Inc. now owns 662 shares of the company’s stock valued at $25,000 after acquiring an additional 409 shares during the period. Bogart Wealth LLC acquired a new position in shares of Vertiv during the first quarter valued at $25,000. GAMMA Investing LLC bought a new stake in shares of Vertiv during the fourth quarter valued at about $26,000. Raleigh Capital Management Inc. lifted its holdings in Vertiv by 79.0% in the fourth quarter. Raleigh Capital Management Inc. now owns 571 shares of the company’s stock worth $27,000 after purchasing an additional 252 shares during the period. Finally, Atticus Wealth Management LLC bought a new position in Vertiv in the 1st quarter valued at about $27,000. Institutional investors and hedge funds 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.