Vertiv (NYSE:VRT) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Vertiv (NYSE:VRT) from a buy rating to a strong-buy rating in a research report sent to investors on Sunday morning,Wall Street Zen reports.

VRT has been the topic of several other reports. Royal Bank Of Canada boosted their price target on Vertiv from $323.00 to $351.00 and gave the company an “outperform” rating in a research note on Thursday, October 29th. Sanford C. Bernstein lifted their price objective on Vertiv from $368.00 to $376.00 and gave the stock an “outperform” rating in a report on Thursday, October 29th. Morgan Stanley set a $330.00 price objective on Vertiv in a research report on Friday, October 16th. Wells Fargo & Company boosted their price objective on Vertiv from $340.00 to $345.00 and gave the company an “overweight” rating in a research report on Thursday, October 29th. Finally, Jefferies Financial Group cut their target price on Vertiv from $320.00 to $245.00 and set a “hold” rating for the company in a research note on Thursday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $337.78.

Vertiv Stock Down 3.3%

Vertiv stock opened at $193.93 on Friday. The company has a market capitalization of $74.67 billion, a P/E ratio of 32.02, a P/E/G ratio of 0.64 and a beta of 2.11. The firm’s fifty day simple moving average is $234.57 and its 200-day simple moving average is $269.90. The company has a current ratio of 1.39, a quick ratio of 1.01 and a debt-to-equity ratio of 0.53. Vertiv has a 1-year low of $147.82 and a 1-year high of $379.93.

Vertiv (NYSE:VRT) last released its quarterly earnings data on Wednesday, October 28th. The company reported $2.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.82 by $0.39. Vertiv had a net margin of 15.99% and a return on equity of 53.31%. The business had revenue of $4.31 billion during the quarter, compared to analyst estimates of $3.75 billion. During the same quarter in the previous year, the business earned $1.24 EPS. Vertiv’s quarterly revenue was up 61.2% compared to the same quarter last year. Sell-side analysts forecast that Vertiv will post 7.17 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 24th. Shareholders of record on Monday, September 14th were issued a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Monday, September 14th. Vertiv’s payout ratio is presently 4.67%.

Insiders Place Their Bets

In other news, Director Edward Monser sold 15,287 shares of the company’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $253.82, for a total value of $3,880,146.34. Following the sale, the director directly owned 16,500 shares in the company, valued at approximately $4,188,030. This represents a 48.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Vertiv

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Perpetual Ltd lifted its position in shares of Vertiv by 6,110.5% during the third quarter. Perpetual Ltd now owns 114,397 shares of the company’s stock worth $27,605,000 after acquiring an additional 112,555 shares in the last quarter. NFSG Corp boosted its holdings in shares of Vertiv by 325.4% in the third quarter. NFSG Corp now owns 8,984 shares of the company’s stock worth $2,168,000 after acquiring an additional 6,872 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of Vertiv by 536.3% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 76,358 shares of the company’s stock valued at $19,134,000 after purchasing an additional 64,358 shares in the last quarter. N10 Wealth LLC grew its position in shares of Vertiv by 34.2% in the third quarter. N10 Wealth LLC now owns 80,798 shares of the company’s stock valued at $19,497,000 after purchasing an additional 20,604 shares in the last quarter. Finally, LDR Capital Management LLC grew its position in shares of Vertiv by 111.5% in the third quarter. LDR Capital Management LLC now owns 13,749 shares of the company’s stock valued at $3,318,000 after purchasing an additional 7,248 shares in the last quarter. Institutional investors own 89.92% of the company’s stock.

Vertiv News Roundup

Here are the key news stories impacting Vertiv this week:

• Positive Sentiment: Vertiv reported third-quarter revenue growth of 61% and organic order growth of more than 100%, and raised its fourth-quarter and full-year guidance. The results point to strong demand for its data-center power and cooling systems. Does Earnings Beat Change The Bull Case For Vertiv Holdings Co (VRT)?
• Positive Sentiment: A three-year agreement with Infineon secures access to key power semiconductors, helping support Vertiv’s AI-focused systems and supply-chain needs. Vertiv Holdings Co (VRT) Secures Infineon Supply Deal, Is The Valuation Gap Still Compelling?
• Positive Sentiment: Anthropic’s disclosed plans for substantial computing and data-center commitments highlight potential longer-term demand for infrastructure providers such as Vertiv, which supplies cooling systems. Anthropic’s S-1 Says It Will Expand Its Data Center Footprint
• Neutral Sentiment: One market article included VRT among stocks with strong interest-coverage ratios and earnings-growth prospects, a potentially supportive sign of financial resilience. 4 Stocks with Impressive Interest Coverage Ratios to Buy Now
• Negative Sentiment: Vertiv has been caught in a broader retreat in AI-power stocks, giving back ground after a sector rally. That selling pressure suggests investors remain cautious about the group despite Vertiv’s strong operating results. GE Vernova, Vertiv, and Bloom Energy Just Lost 10% to 24% in a Week

Vertiv Company Profile

Vertiv Holdings Co. (NYSE: VRT) designs, manufactures and services critical digital infrastructure used by data centers, communications networks and commercial and industrial facilities. Its offerings help customers maintain reliable power, cooling and operating conditions for technology systems. The company’s products and solutions include uninterruptible power supplies, power distribution equipment, thermal management systems, racks, integrated modular infrastructure, and monitoring and control software.