Vertiv (NYSE:VRT) Coverage Initiated at Roth Mkm

Equities research analysts at Roth Mkm began coverage on shares of Vertiv (NYSE:VRT) in a research report issued to clients and investors on Tuesday, MarketBeat reports. The brokerage set a “buy” rating and a $75.00 price target on the stock. Roth Mkm’s price objective indicates a potential upside of 3.27% from the stock’s current price.

A number of other equities analysts have also weighed in on VRT. Royal Bank of Canada initiated coverage on shares of Vertiv in a research report on Friday, March 7th. They set an “outperform” rating and a $121.00 price target on the stock. Morgan Stanley initiated coverage on Vertiv in a report on Monday, January 6th. They set an “overweight” rating and a $150.00 target price on the stock. Evercore ISI cut their price target on Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a report on Friday, January 17th. Fox Advisors assumed coverage on Vertiv in a research note on Monday, January 6th. They set an “equal weight” rating on the stock. Finally, Barclays cut their target price on Vertiv from $100.00 to $90.00 and set an “equal weight” rating for the company in a research note on Friday, April 4th. Four research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $128.94.

Vertiv Price Performance

NYSE:VRT opened at $72.63 on Tuesday. The stock has a 50 day moving average of $90.90 and a two-hundred day moving average of $109.92. Vertiv has a 12 month low of $53.60 and a 12 month high of $155.84. The firm has a market cap of $27.65 billion, a P/E ratio of 56.74, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19.

Vertiv (NYSE:VRT) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.84 by $0.15. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. During the same period in the prior year, the company posted $0.56 earnings per share. On average, analysts expect that Vertiv will post 3.59 earnings per share for the current fiscal year.

Institutional Trading of Vertiv

Several institutional investors have recently added to or reduced their stakes in VRT. Benjamin Edwards Inc. boosted its position in shares of Vertiv by 531.7% during the third quarter. Benjamin Edwards Inc. now owns 2,110 shares of the company’s stock worth $210,000 after buying an additional 1,776 shares during the period. HighTower Advisors LLC boosted its holdings in Vertiv by 19.2% during the 3rd quarter. HighTower Advisors LLC now owns 40,708 shares of the company’s stock valued at $3,999,000 after acquiring an additional 6,564 shares during the period. Integrated Wealth Concepts LLC grew its position in Vertiv by 50.8% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 7,714 shares of the company’s stock valued at $767,000 after acquiring an additional 2,598 shares in the last quarter. EP Wealth Advisors LLC increased its stake in Vertiv by 43.4% during the third quarter. EP Wealth Advisors LLC now owns 4,278 shares of the company’s stock worth $426,000 after purchasing an additional 1,294 shares during the period. Finally, iA Global Asset Management Inc. lifted its position in shares of Vertiv by 113.5% during the third quarter. iA Global Asset Management Inc. now owns 12,763 shares of the company’s stock worth $1,270,000 after purchasing an additional 6,784 shares in the last quarter. 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.