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

Vertiv (NYSE:VRT) had its target price upped by Mizuho from $56.00 to $95.00 in a research report sent to investors on Friday morning, Benzinga reports. The firm currently has a neutral rating on the stock.

Other equities research analysts have also issued research reports about the stock. Oppenheimer boosted their price target on shares of Vertiv from $96.00 to $98.00 and gave the company an outperform rating in a report on Thursday. JPMorgan Chase & Co. raised their price target on shares of Vertiv from $95.00 to $100.00 and gave the stock an overweight rating in a research note on Thursday. Evercore ISI upped their price objective on Vertiv from $90.00 to $95.00 and gave the company an outperform rating in a research note on Thursday. Citigroup increased their target price on Vertiv from $102.00 to $110.00 and gave the stock a buy rating in a report on Thursday. Finally, Bank of America boosted their price target on Vertiv from $80.00 to $90.00 and gave the company a buy rating in a research note on Monday, March 18th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus price target of $81.11.

Vertiv Stock Performance

NYSE VRT opened at $93.49 on Friday. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.74 and a quick ratio of 1.35. The company’s fifty day moving average is $76.51 and its two-hundred day moving average is $57.47. Vertiv has a 52-week low of $13.73 and a 52-week high of $95.32. The firm has a market capitalization of $35.71 billion, a price-to-earnings ratio of 89.89, a P/E/G ratio of 1.44 and a beta of 1.59.

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

Vertiv Dividend Announcement

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

Insider Transactions at Vertiv

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

Hedge Funds Weigh In On Vertiv

Several hedge funds have recently added to or reduced their stakes in the company. CWM LLC boosted its stake in Vertiv by 90.5% in the third quarter. CWM LLC now owns 4,231 shares of the company’s stock valued at $157,000 after acquiring an additional 2,010 shares during the last quarter. Global Retirement Partners LLC boosted its position in shares of Vertiv by 30.0% in the 3rd quarter. Global Retirement Partners LLC now owns 1,588 shares of the company’s stock worth $61,000 after purchasing an additional 366 shares during the last quarter. Cannon Global Investment Management LLC acquired a new stake in shares of Vertiv during the third quarter worth $542,000. Commonwealth Equity Services LLC bought a new stake in Vertiv in the third quarter valued at about $2,241,000. Finally, Cambridge Investment Research Advisors Inc. lifted its stake in Vertiv by 5.6% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 48,099 shares of the company’s stock valued at $1,789,000 after buying an additional 2,548 shares during the period. 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.