Vertiv (NYSE:VRT) Given Hold Rating at Melius Research

Vertiv (NYSE:VRT)‘s stock had its “hold” rating reissued by equities research analysts at Melius Research in a research note issued on Tuesday,Benzinga reports. They currently have a $125.00 price objective on the stock. Melius Research’s target price would suggest a potential upside of 21.56% from the company’s previous close.

A number of other research firms also recently weighed in on VRT. Mizuho increased their target price on shares of Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Jefferies Financial Group started coverage on shares of Vertiv in a research report on Monday, October 7th. They set a “buy” rating and a $125.00 target price for the company. Melius downgraded shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 target price for the company. in a research report on Tuesday. UBS Group began coverage on shares of Vertiv in a research report on Wednesday, November 13th. They set a “buy” rating and a $155.00 target price for the company. Finally, Oppenheimer raised their price objective on shares of Vertiv from $121.00 to $131.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $139.36.

Vertiv Trading Up 0.2 %

Shares of Vertiv stock traded up $0.23 on Tuesday, hitting $102.83. The stock had a trading volume of 16,699,215 shares, compared to its average volume of 9,551,108. The stock has a 50 day moving average of $127.86 and a 200 day moving average of $105.60. Vertiv has a twelve month low of $53.30 and a twelve month high of $155.84. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.38. The firm has a market capitalization of $38.60 billion, a P/E ratio of 68.70, a PEG ratio of 1.16 and a beta of 1.63.

Insider Buying and Selling

In other Vertiv news, EVP Stephen Liang sold 86,619 shares of the firm’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $131.07, for a total transaction of $11,353,152.33. Following the transaction, the executive vice president now directly owns 19,551 shares in the company, valued at approximately $2,562,549.57. This trade represents a 81.59 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jan Van Dokkum sold 38,647 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $136.39, for a total value of $5,271,064.33. Following the transaction, the director now owns 25,000 shares in the company, valued at approximately $3,409,750. This trade represents a 60.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 171,527 shares of company stock worth $23,105,682 in the last ninety days. Corporate insiders own 5.01% of the company’s stock.

Hedge Funds Weigh In On Vertiv

Several large investors have recently bought and sold shares of VRT. The Manufacturers Life Insurance Company increased its position in shares of Vertiv by 55.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 30,523 shares of the company’s stock valued at $2,642,000 after purchasing an additional 10,884 shares during the last quarter. Creative Planning increased its position in shares of Vertiv by 5.8% during the 2nd quarter. Creative Planning now owns 36,277 shares of the company’s stock valued at $3,140,000 after purchasing an additional 2,004 shares during the last quarter. NewEdge Advisors LLC increased its position in shares of Vertiv by 24.7% during the 2nd quarter. NewEdge Advisors LLC now owns 99,090 shares of the company’s stock valued at $8,578,000 after purchasing an additional 19,647 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Vertiv by 238.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 17,810 shares of the company’s stock valued at $1,542,000 after purchasing an additional 12,546 shares during the last quarter. Finally, Sunbelt Securities Inc. increased its position in shares of Vertiv by 1.7% during the 2nd quarter. Sunbelt Securities Inc. now owns 13,671 shares of the company’s stock valued at $1,183,000 after purchasing an additional 231 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors.

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.