2 days Ago By Defense World Staff
Vertiv ( NYSE:VRT – Free Report ) had its price objective upped by The Goldman Sachs Group from $126.00 to $140.00 in a research report sent to investors on Tuesday morning, Benzinga reports.
The firm currently has a buy rating on the stock. Several other research firms have also commented on VRT. JPMorgan Chase & Co.
upped their price target on shares of Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a research report on Tuesday.
TD Cowen upped their target price on shares of Vertiv from $93.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, October 24th.
Bank of America lifted their price target on shares of Vertiv from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th.
UBS Group started coverage on Vertiv in a research note on Wednesday, November 13th. They issued a “buy” rating and a $155.00 price objective on the stock.
Finally, Jefferies Financial Group assumed coverage on shares of Vertiv in a report on Monday, October 7th. They set a “buy” rating and a $125.00 price target on the stock.
Ten analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $138.50. Get Our Latest Research Report on VRT Vertiv Stock Down 0.
9 % Vertiv ( NYSE:VRT – Get Free Report ) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share for the quarter, beating 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 firm had revenue of $2.
07 billion for the quarter, compared to analysts’ expectations of $1.98 billion. During the same period in the prior year, the firm earned $0.
52 EPS. The company’s revenue was up 19.0% compared to the same quarter last year.
Equities research analysts forecast that Vertiv will post 2.69 earnings per share for the current year. Vertiv Increases Dividend The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th.
Investors of record on Tuesday, December 3rd will be paid a dividend of $0.0375 per share. The ex-dividend date is Tuesday, December 3rd.
This is a positive change from Vertiv’s previous quarterly dividend of $0.03. This represents a $0.
15 dividend on an annualized basis and a yield of 0.11%. Vertiv’s dividend payout ratio is presently 6.
67%. Insider Transactions at Vertiv In related news, insider Anand Sanghi sold 30,914 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $141.
46, for a total transaction of $4,373,094.44. Following the transaction, the insider now directly owns 19,448 shares in the company, valued at approximately $2,751,114.
08. This represents a 61.38 % decrease in their position.
The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink . Also, Director Jakki L. Haussler sold 15,347 shares of the stock in a transaction that occurred on Wednesday, November 20th.
The stock was sold at an average price of $137.38, for a total value of $2,108,370.86.
Following the completion of the sale, the director now owns 3,425 shares in the company, valued at approximately $470,526.50. The trade was a 81.
75 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Insiders have sold 91,185 shares of company stock valued at $10,074,936 in the last ninety days.
Corporate insiders own 5.01% of the company’s stock. Institutional Investors Weigh In On Vertiv Institutional investors and hedge funds have recently added to or reduced their stakes in the stock.
Jennison Associates LLC boosted its holdings in shares of Vertiv by 10,825.0% in the third quarter. Jennison Associates LLC now owns 4,600,415 shares of the company’s stock valued at $457,695,000 after purchasing an additional 4,558,306 shares during the period.
Massachusetts Financial Services Co. MA purchased a new stake in Vertiv in the second quarter worth about $331,091,000. Price T Rowe Associates Inc.
MD grew its holdings in Vertiv by 303.1% during the 1st quarter. Price T Rowe Associates Inc.
MD now owns 4,777,057 shares of the company’s stock worth $390,143,000 after acquiring an additional 3,591,903 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Vertiv by 271.0% during the third quarter.
Wellington Management Group LLP now owns 3,915,446 shares of the company’s stock valued at $389,548,000 after purchasing an additional 2,860,181 shares in the last quarter. Finally, Castle Hook Partners LP increased its holdings in Vertiv by 215.6% during the third quarter.
Castle Hook Partners LP now owns 1,864,426 shares of the company’s stock valued at $185,492,000 after buying an additional 1,273,746 shares during the period. Institutional investors own 89.92% of the company’s stock.
About Vertiv ( Get Free Report ) 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. Featured Stories Five stocks we like better than Vertiv What Are Dividend Champions? How to Invest in the Champions Tesla Investors Continue to Profit From the Trump Trade What Does a Stock Split Mean? MicroStrategy’s Stock Dip vs. Coinbase’s Potential Rally How to Evaluate a Stock Before Buying Netflix Ventures Into Live Sports, Driving Stock Momentum Receive News & Ratings for Vertiv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vertiv and related companies with MarketBeat.
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