Vertiv (NYSE:VRT) Given New $111.00 Price Target at Barclays

Vertiv (NYSE:VRT) had its price target trimmed by Barclays from $131.00 to $111.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an equal weight rating on the stock.

VRT has been the topic of several other reports. Citigroup increased their price target on shares of Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Oppenheimer increased their price target on shares of Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Evercore ISI lowered their price target on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Friday, January 17th. Mizuho increased their price target on shares of Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Finally, Morgan Stanley assumed coverage on shares of Vertiv in a research report on Monday, January 6th. They issued an “overweight” rating and a $150.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $137.14.

Vertiv Trading Down 10.2 %

Shares of VRT opened at $85.49 on Monday. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19. The firm’s 50-day moving average is $117.70 and its two-hundred day moving average is $110.74. Vertiv has a twelve month low of $62.40 and a twelve month high of $155.84. The firm has a market capitalization of $32.09 billion, a P/E ratio of 66.79, a PEG ratio of 1.07 and a beta of 1.64.

Vertiv (NYSE:VRT) last issued its earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.15. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. During the same quarter last year, the company earned $0.56 EPS. On average, research analysts predict that Vertiv will post 3.59 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Vertiv

A number of large investors have recently bought and sold shares of VRT. Massachusetts Financial Services Co. MA purchased a new position in Vertiv during the fourth quarter worth approximately $597,379,000. Jennison Associates LLC raised its stake in Vertiv by 10,825.0% during the third quarter. Jennison Associates LLC now owns 4,600,415 shares of the company’s stock worth $457,695,000 after purchasing an additional 4,558,306 shares during the period. Norges Bank purchased a new position in Vertiv during the fourth quarter worth approximately $391,777,000. Wellington Management Group LLP raised its stake in Vertiv by 271.0% during the third quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company’s stock worth $389,548,000 after purchasing an additional 2,860,181 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its stake in Vertiv by 136.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,336,862 shares of the company’s stock worth $379,101,000 after purchasing an additional 1,928,275 shares during the period. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Vertiv Company Profile

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.