Melius Research Reiterates “Hold” Rating for Vertiv (NYSE:VRT)

Vertiv (NYSE:VRT)‘s stock had its “hold” rating reiterated by research analysts at Melius Research in a research note issued on Tuesday,Benzinga reports. They presently have a $125.00 target price on the stock. Melius Research’s price target would suggest a potential upside of 12.91% from the company’s previous close.

VRT has been the subject of several other research reports. Jefferies Financial Group began coverage on shares of Vertiv in a research report on Monday, October 7th. They set a “buy” rating and a $125.00 price target for the company. JPMorgan Chase & Co. lifted their target price on Vertiv from $124.00 to $132.00 and gave the stock an “overweight” rating in a report on Tuesday, November 19th. The Goldman Sachs Group upped their price target on Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Oppenheimer lifted their price objective on Vertiv from $121.00 to $131.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Finally, TD Cowen upped their target price on shares of Vertiv from $115.00 to $141.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $139.36.

Vertiv Stock Up 3.9 %

Shares of NYSE:VRT opened at $110.70 on Tuesday. The company has a current ratio of 1.38, a quick ratio of 1.02 and a debt-to-equity ratio of 1.60. The stock has a fifty day simple moving average of $127.16 and a two-hundred day simple moving average of $105.72. Vertiv has a 12-month low of $55.00 and a 12-month high of $155.84. The stock has a market capitalization of $41.55 billion, a price-to-earnings ratio of 73.80, a PEG ratio of 1.16 and a beta of 1.63.

Insider Transactions at Vertiv

In other news, Director Jakki L. Haussler sold 15,347 shares of Vertiv stock in a transaction dated 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 directly owns 3,425 shares of the company’s stock, valued at $470,526.50. The trade was a 81.75 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Anand Sanghi sold 30,914 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $141.46, for a total value of $4,373,094.44. Following the transaction, the insider now owns 19,448 shares of the company’s stock, valued at approximately $2,751,114.08. This trade represents a 61.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 171,527 shares of company stock worth $23,105,682 in the last 90 days. 5.01% of the stock is currently owned by insiders.

Institutional Trading of Vertiv

Several institutional investors and hedge funds have recently modified their holdings of VRT. Anchor Investment Management LLC bought a new stake in Vertiv during the second quarter valued at about $26,000. SOA Wealth Advisors LLC. purchased a new stake in shares of Vertiv during the fourth quarter worth about $26,000. Krane Funds Advisors LLC bought a new stake in Vertiv during the 3rd quarter valued at approximately $29,000. Global Trust Asset Management LLC purchased a new position in Vertiv in the 3rd quarter worth approximately $30,000. Finally, Mark Sheptoff Financial Planning LLC boosted its stake in Vertiv by 200.0% in the 3rd 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 period. 89.92% of the stock is currently 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.