Vertiv (NYSE:VRT) Given New $100.00 Price Target at JPMorgan Chase & Co.

Vertiv (NYSE:VRT) had its price target increased by JPMorgan Chase & Co. from $95.00 to $100.00 in a report issued on Thursday morning, Benzinga reports. The brokerage currently has an overweight rating on the stock.

VRT has been the subject of several other research reports. Citigroup upped their price target on shares of Vertiv from $69.00 to $102.00 and gave the company a buy rating in a research report on Monday, April 8th. Evercore ISI upped their price target on shares of Vertiv from $80.00 to $90.00 and gave the company an outperform rating in a research report on Friday, April 5th. Mizuho upped their price target on shares of Vertiv from $50.00 to $56.00 and gave the company a neutral rating in a research report on Thursday, February 22nd. Bank of America upped their price target on shares of Vertiv from $80.00 to $90.00 and gave the company a buy rating in a research report on Monday, March 18th. Finally, Oppenheimer initiated coverage on shares of Vertiv in a research report on Friday, April 5th. They issued an outperform rating and a $96.00 price target for the company. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, Vertiv presently has a consensus rating of Moderate Buy and a consensus price target of $76.78.

Vertiv Trading Up 6.8 %

Shares of NYSE:VRT opened at $90.35 on Thursday. Vertiv has a twelve month low of $13.06 and a twelve month high of $94.39. The firm has a market cap of $34.51 billion, a P/E ratio of 86.88, a P/E/G ratio of 1.37 and a beta of 1.59. The company has a 50 day moving average of $75.90 and a 200-day moving average of $57.10. The company has a current ratio of 1.74, a quick ratio of 1.35 and a debt-to-equity ratio of 1.45.

Vertiv (NYSE:VRT) last released its earnings results on Wednesday, April 24th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.37 by $0.06. Vertiv had a net margin of 5.79% and a return on equity of 42.43%. The business had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.62 billion. During the same period in the prior year, the business earned $0.24 earnings per share. The business’s quarterly revenue was up 7.8% on a year-over-year basis. As a group, analysts anticipate that Vertiv will post 2.31 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Tuesday, March 19th were given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.11%. The ex-dividend date of this dividend was Monday, March 18th. Vertiv’s dividend payout ratio (DPR) is currently 9.62%.

Insider Buying and Selling

In related news, EVP Stephen Liang sold 306,196 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $70.24, for a total transaction of $21,507,207.04. Following the completion of the sale, the executive vice president now owns 51,841 shares in the company, valued at approximately $3,641,311.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Stephen Liang sold 306,196 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $70.24, for a total transaction of $21,507,207.04. Following the completion of the sale, the executive vice president now owns 51,841 shares in the company, valued at approximately $3,641,311.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Scott Cripps sold 56,594 shares of the firm’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $70.76, for a total transaction of $4,004,591.44. The disclosure for this sale can be found here. 5.62% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Vertiv

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VRT. CWM LLC grew its position in shares of Vertiv by 90.5% during the 3rd quarter. CWM LLC now owns 4,231 shares of the company’s stock worth $157,000 after buying an additional 2,010 shares during the period. Global Retirement Partners LLC grew its position in shares of Vertiv by 30.0% during the 3rd quarter. Global Retirement Partners LLC now owns 1,588 shares of the company’s stock worth $61,000 after buying an additional 366 shares during the period. Avior Wealth Management LLC acquired a new stake in shares of Vertiv during the 3rd quarter worth approximately $331,000. Cannon Global Investment Management LLC acquired a new stake in shares of Vertiv during the 3rd quarter worth approximately $542,000. Finally, Commonwealth Equity Services LLC acquired a new stake in shares of Vertiv during the 3rd quarter worth approximately $2,241,000. Institutional investors and hedge funds 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.