Vertiv (NYSE:VRT) Trading 2.8% Higher – Here’s What Happened

Vertiv Holdings Co. (NYSE:VRTGet Free Report)’s stock price traded up 2.8% on Thursday . The company traded as high as $340.00 and last traded at $325.15. Approximately 6,165,193 shares changed hands during trading, a decline of 10% from the average session volume of 6,883,774 shares. The stock had previously closed at $316.43.

Analysts Set New Price Targets

A number of research firms have commented on VRT. Loop Capital initiated coverage on shares of Vertiv in a research note on Thursday, May 14th. They issued a “buy” rating and a $500.00 price objective on the stock. Bank of America raised their price target on Vertiv from $370.00 to $440.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Roth Mkm reaffirmed a “buy” rating and set a $355.00 price objective on shares of Vertiv in a research report on Thursday, May 21st. HSBC began coverage on Vertiv in a research note on Wednesday, March 25th. They issued a “buy” rating and a $325.00 target price on the stock. Finally, Weiss Ratings cut Vertiv from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, April 24th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $326.39.

Get Our Latest Analysis on Vertiv

Vertiv Stock Up 2.8%

The company has a quick ratio of 1.15, a current ratio of 1.49 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $124.89 billion, a PE ratio of 81.70, a PEG ratio of 1.38 and a beta of 2.03. The firm’s fifty day moving average is $323.75 and its 200-day moving average is $253.18.

Vertiv (NYSE:VRTGet Free Report) last announced its quarterly earnings data on Wednesday, April 22nd. The company reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.17. The company had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.63 billion. Vertiv had a return on equity of 49.90% and a net margin of 14.37%.The firm’s revenue for the quarter was up 30.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.64 EPS. Vertiv has set its Q2 2026 guidance at 1.370-1.430 EPS and its FY 2026 guidance at 6.300-6.400 EPS. On average, equities research analysts predict that Vertiv Holdings Co. will post 6.36 earnings per share for the current year.

Vertiv Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Monday, June 15th will be issued a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Monday, June 15th. Vertiv’s dividend payout ratio is currently 6.28%.

Institutional Investors Weigh In On Vertiv

Several institutional investors have recently made changes to their positions in VRT. CreativeOne Wealth LLC lifted its position in Vertiv by 187.8% during the third quarter. CreativeOne Wealth LLC now owns 10,646 shares of the company’s stock valued at $1,606,000 after buying an additional 6,947 shares in the last quarter. Lingotto Investment Management LLP purchased a new stake in Vertiv during the fourth quarter worth approximately $2,641,000. Norges Bank acquired a new stake in shares of Vertiv in the fourth quarter worth $808,701,000. Sterling Investment Advisors Ltd. raised its stake in shares of Vertiv by 26.1% in the 4th quarter. Sterling Investment Advisors Ltd. now owns 22,476 shares of the company’s stock valued at $3,641,000 after acquiring an additional 4,645 shares during the period. Finally, WD Rutherford LLC lifted its holdings in shares of Vertiv by 80.7% during the 4th quarter. WD Rutherford LLC now owns 15,081 shares of the company’s stock valued at $2,443,000 after acquiring an additional 6,734 shares in the last quarter. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Vertiv Company Profile

(Get Free Report)

Vertiv is a global provider of critical digital infrastructure and continuity solutions for data centers, communication networks and commercial and industrial environments. Headquartered in Columbus, Ohio, the company designs, manufactures and services equipment and software that support power availability, thermal management and IT infrastructure management for a broad set of end markets, including hyperscale and enterprise data centers, colocation providers, telecom operators and industrial customers.

The company’s product portfolio includes uninterruptible power supplies (UPS), power distribution units (PDUs), battery and DC power systems, precision cooling and thermal management equipment, racks and enclosures, and integrated modular infrastructure.

See Also

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.com's FREE daily email newsletter.