Vertiv (NYSE:VRT) Stock Rating Upgraded by TheStreet

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TheStreet upgraded shares of Vertiv (NYSE:VRTGet Rating) from a d rating to a c rating in a research note issued to investors on Thursday morning, TheStreetRatingsTable reports.

Several other equities analysts also recently commented on VRT. Mizuho dropped their price objective on shares of Vertiv from $13.00 to $10.00 and set a neutral rating for the company in a research note on Monday, July 18th. The Goldman Sachs Group increased their price objective on shares of Vertiv from $15.00 to $17.00 and gave the company a buy rating in a research note on Thursday, August 4th. Citigroup increased their price objective on shares of Vertiv from $14.00 to $15.00 in a research note on Thursday, August 4th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Vertiv from $16.00 to $15.00 and set a buy rating for the company in a research note on Wednesday, July 13th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Vertiv presently has an average rating of Hold and a consensus target price of $16.17.

Vertiv Stock Performance

Shares of NYSE:VRT opened at $12.33 on Thursday. The company’s 50 day moving average price is $11.60 and its two-hundred day moving average price is $11.45. Vertiv has a 12-month low of $7.76 and a 12-month high of $27.97. The firm has a market cap of $4.65 billion, a PE ratio of 411.00, a PEG ratio of 1.43 and a beta of 1.40. The company has a quick ratio of 1.11, a current ratio of 1.55 and a debt-to-equity ratio of 2.31.

Vertiv (NYSE:VRTGet Rating) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $0.10 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.10. The business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.32 billion. Vertiv had a net margin of 2.06% and a return on equity of 7.73%. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter last year, the business posted $0.31 EPS. Equities research analysts predict that Vertiv will post 0.61 earnings per share for the current year.

Hedge Funds Weigh In On Vertiv

A number of hedge funds have recently bought and sold shares of the company. Standard Family Office LLC bought a new position in Vertiv during the fourth quarter worth $26,000. Principal Financial Group Inc. grew its holdings in Vertiv by 4.0% in the second quarter. Principal Financial Group Inc. now owns 33,025 shares of the company’s stock worth $271,000 after purchasing an additional 1,256 shares during the period. Hickory Lane Capital Management LP grew its holdings in Vertiv by 0.7% in the first quarter. Hickory Lane Capital Management LP now owns 225,500 shares of the company’s stock worth $3,157,000 after purchasing an additional 1,500 shares during the period. YorkBridge Wealth Partners LLC grew its holdings in shares of Vertiv by 5.7% during the second quarter. YorkBridge Wealth Partners LLC now owns 29,068 shares of the company’s stock valued at $239,000 after buying an additional 1,574 shares during the last quarter. Finally, Ingalls & Snyder LLC raised its holdings in shares of Vertiv by 18.6% in the 1st quarter. Ingalls & Snyder LLC now owns 10,299 shares of the company’s stock worth $144,000 after acquiring an additional 1,613 shares during the last quarter. Institutional investors own 88.42% of the company’s stock.

Vertiv Company Profile

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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. It offers AC and DC power management products, thermal management products, integrated rack systems, modular solutions, and management systems for monitoring and controlling digital infrastructure that are integral to the technologies used for various services, including e-commerce, online banking, file sharing, video on-demand, energy storage, wireless communications, Internet of Things, and online gaming.

Further Reading

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