The Goldman Sachs Group Issues Positive Forecast for Vertiv (NYSE:VRT) Stock Price

Vertiv (NYSE:VRT) had its price target lifted by analysts at The Goldman Sachs Group from $106.00 to $122.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. The Goldman Sachs Group’s price target indicates a potential upside of 12.78% from the company’s current price.

Other analysts also recently issued reports about the stock. Citigroup reduced their target price on shares of Vertiv from $153.00 to $98.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Royal Bank of Canada initiated coverage on shares of Vertiv in a report on Friday, March 7th. They set an “outperform” rating and a $121.00 target price for the company. Roth Mkm assumed coverage on Vertiv in a research report on Tuesday, April 8th. They set a “buy” rating and a $75.00 price objective for the company. Cowen reissued a “buy” rating on shares of Vertiv in a report on Thursday, April 24th. Finally, KGI Securities initiated coverage on Vertiv in a research report on Thursday, April 24th. They issued a “hold” rating for the company. Five analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $124.69.

Vertiv Trading Down 3.4%

Shares of VRT traded down $3.83 during trading hours on Tuesday, reaching $108.17. 4,656,207 shares of the company traded hands, compared to its average volume of 8,727,965. Vertiv has a 12 month low of $53.60 and a 12 month high of $155.84. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19. The company’s fifty day moving average price is $90.68 and its two-hundred day moving average price is $104.19. The company has a market capitalization of $41.22 billion, a price-to-earnings ratio of 84.63, a price-to-earnings-growth ratio of 1.07 and a beta of 1.73.

Vertiv (NYSE:VRT) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.62 by $0.02. The business had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.94 billion. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. Vertiv’s quarterly revenue was up 24.2% compared to the same quarter last year. During the same period last year, the business posted $0.43 earnings per share. Equities research analysts predict that Vertiv will post 3.59 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Stephen Liang sold 43,683 shares of the business’s stock in a transaction on Friday, June 6th. The shares were sold at an average price of $115.83, for a total value of $5,059,801.89. Following the transaction, the executive vice president now owns 9,551 shares of the company’s stock, valued at approximately $1,106,292.33. The trade was a 82.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Karsten Winther sold 5,500 shares of the business’s stock in a transaction on Friday, May 9th. The stock was sold at an average price of $94.33, for a total transaction of $518,815.00. Following the completion of the sale, the insider now owns 18,847 shares in the company, valued at approximately $1,777,837.51. The trade was a 22.59% decrease in their position. The disclosure for this sale can be found here. 2.63% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Vertiv

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Empowered Funds LLC boosted its position in shares of Vertiv by 67.0% during the 4th quarter. Empowered Funds LLC now owns 9,180 shares of the company’s stock valued at $1,043,000 after acquiring an additional 3,682 shares during the last quarter. Sound View Wealth Advisors Group LLC bought a new position in Vertiv during the fourth quarter valued at $1,218,000. Schroder Investment Management Group grew its stake in shares of Vertiv by 95.3% in the 4th quarter. Schroder Investment Management Group now owns 1,167,536 shares of the company’s stock worth $135,621,000 after buying an additional 569,722 shares in the last quarter. Bedell Frazier Investment Counselling LLC bought a new stake in shares of Vertiv in the 4th quarter worth about $415,000. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Vertiv by 2.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,746,111 shares of the company’s stock valued at $198,376,000 after buying an additional 45,917 shares in the last quarter. 89.92% of the stock is owned by 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.