After this afternoon's 4.1% surge to $111.84 per share, Vertiv might just keep moving past its target price of $109.25. With an average analyst rating of buy, and target prices from $91.33 to $130.03, the stock's next move is anyone's guess.
The stock has an average amount of shares sold short at 6.1%, and a short ratio of 2.55. The company's insiders own 0.9% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 85.2% of Vertiv's shares being owned by this investor type.
Institutions Invested in Vertiv
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-06-30 | Blackrock Inc. | 9% | 34,131,345 | $3,817,249,499 |
| 2024-06-30 | Vanguard Group Inc | 9% | 33,647,121 | $3,763,093,889 |
| 2024-06-30 | FMR, LLC | 6% | 23,858,196 | $2,668,300,553 |
| 2024-06-30 | JP Morgan Chase & Company | 4% | 16,433,854 | $1,837,962,171 |
| 2024-06-30 | Coatue Management LLC | 2% | 9,042,912 | $1,011,359,244 |
| 2024-06-30 | Invesco Ltd. | 2% | 8,620,619 | $964,129,997 |
| 2024-06-30 | State Street Corporation | 2% | 7,326,377 | $819,381,976 |
| 2024-06-30 | Barrow, Hanley Mewhinney & Strauss, LLC | 2% | 5,921,235 | $662,230,900 |
| 2024-06-30 | Geode Capital Management, LLC | 1% | 5,543,730 | $620,010,742 |
| 2024-06-30 | Bank of America Corporation | 1% | 5,542,061 | $619,824,081 |
Besides an analyst consensus of little upside potential, other market factors point to there being mixed market sentiment on Vertiv.
