Fox Advisors Begins Coverage on Vertiv (NYSE:VRT)

Fox Advisors initiated coverage on shares of Vertiv (NYSE:VRT) in a note issued to investors on Monday,Benzinga reports. The brokerage set an “equal weight” rating on the stock.

Several other equities analysts have also weighed in on VRT. JPMorgan Chase & Co. boosted their target price on shares of Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a report on Tuesday, November 19th. Bank of America upped their price objective on Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, October 24th. TD Cowen raised their target price on Vertiv from $115.00 to $141.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Barclays began coverage on Vertiv in a research note on Thursday, December 12th. They issued an “equal weight” rating and a $142.00 price target on the stock. Finally, UBS Group began coverage on Vertiv in a research report on Wednesday, November 13th. They set a “buy” rating and a $155.00 price objective for the company. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $140.92.

Vertiv Stock Performance

VRT opened at $130.45 on Monday. The firm has a market capitalization of $48.96 billion, a PE ratio of 86.97, a PEG ratio of 1.29 and a beta of 1.63. The company has a current ratio of 1.38, a quick ratio of 1.02 and a debt-to-equity ratio of 1.60. Vertiv has a twelve month low of $46.62 and a twelve month high of $145.67. The firm’s 50-day moving average price is $123.56 and its 200 day moving average price is $101.34.

Vertiv (NYSE:VRT) last issued its earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.07. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. The business had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $1.98 billion. During the same period in the previous year, the firm posted $0.52 EPS. The business’s revenue for the quarter was up 19.0% compared to the same quarter last year. As a group, sell-side analysts expect that Vertiv will post 2.69 EPS for the current fiscal year.

Insider Activity at Vertiv

In related news, EVP Stephen Liang sold 86,619 shares of Vertiv stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $131.07, for a total value of $11,353,152.33. Following the completion of the transaction, the executive vice president now owns 19,551 shares in the company, valued at $2,562,549.57. The trade was a 81.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jakki L. Haussler sold 15,347 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $137.38, for a total transaction of $2,108,370.86. Following the transaction, the director now owns 3,425 shares of the company’s stock, valued at $470,526.50. This trade represents a 81.75 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 171,527 shares of company stock worth $23,105,682. Corporate insiders own 5.01% of the company’s stock.

Institutional Investors Weigh In On Vertiv

Several institutional investors have recently modified their holdings of the company. Anchor Investment Management LLC acquired a new stake in Vertiv in the second quarter valued at $26,000. Krane Funds Advisors LLC purchased a new position in shares of Vertiv in the 3rd quarter valued at about $29,000. Global Trust Asset Management LLC acquired a new stake in shares of Vertiv during the 3rd quarter worth about $30,000. Mark Sheptoff Financial Planning LLC lifted its stake in Vertiv by 200.0% during the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock worth $30,000 after purchasing an additional 200 shares during the last quarter. Finally, Brooklyn Investment Group purchased a new stake in Vertiv during the third quarter worth approximately $30,000. 89.92% of the stock is owned by hedge funds and other institutional investors.

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.