TD Cowen Raises Vertiv (NYSE:VRT) Price Target to $115.00

Vertiv (NYSE:VRT) had its price target hoisted by TD Cowen from $93.00 to $115.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other brokerages also recently weighed in on VRT. Evercore ISI lifted their target price on Vertiv from $125.00 to $135.00 and gave the stock an “outperform” rating in a report on Thursday. Jefferies Financial Group started coverage on shares of Vertiv in a report on Monday, October 7th. They issued a “buy” rating and a $125.00 target price on the stock. Bank of America lifted their price objective on shares of Vertiv from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday. Mizuho boosted their target price on Vertiv from $110.00 to $125.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, The Goldman Sachs Group reduced their price target on shares of Vertiv from $116.00 to $104.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $122.11.

Vertiv Stock Up 1.9 %

NYSE VRT opened at $112.17 on Thursday. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.36 and a quick ratio of 1.00. Vertiv has a fifty-two week low of $34.60 and a fifty-two week high of $116.41. The stock has a market capitalization of $42.08 billion, a PE ratio of 87.63, a PEG ratio of 1.47 and a beta of 1.59. The business has a fifty day moving average price of $93.57 and a two-hundred day moving average price of $90.26.

Vertiv (NYSE:VRT) last issued its 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 50.79% and a net margin of 6.93%. The business had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter in the prior year, the firm earned $0.52 EPS. The business’s revenue for the quarter was up 19.0% compared to the same quarter last year. Equities analysts expect that Vertiv will post 2.58 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Shareholders 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 0.09%. The ex-dividend date of this dividend was Tuesday, September 17th. Vertiv’s dividend payout ratio is 7.81%.

Insider Buying and Selling at Vertiv

In related news, insider Karsten Winther sold 44,924 shares of the 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 transaction, the insider now owns 10,542 shares in the company, valued at $843,254.58. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 5.01% of the stock is owned by company insiders.

Institutional Trading of Vertiv

Institutional investors have recently made changes to their positions in the business. Krane Funds Advisors LLC bought a new position in Vertiv during the third quarter valued at approximately $29,000. Anchor Investment Management LLC purchased a new position in shares of Vertiv during the 2nd quarter worth about $26,000. Global Trust Asset Management LLC bought a new position in shares of Vertiv during the third quarter valued at approximately $30,000. Atticus Wealth Management LLC purchased a new stake in Vertiv in the first quarter worth $27,000. Finally, Mather Group LLC. increased its stake in Vertiv by 132.5% in the 2nd quarter. Mather Group LLC. now owns 351 shares of the company’s stock worth $29,000 after buying an additional 200 shares during the period. Hedge funds and other institutional investors 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.