Vertiv (NYSE:VRT) Shares Up 2.1% – Here’s What Happened

Vertiv Holdings Co. (NYSE:VRT) shot up 2.1% on Wednesday . The stock traded as high as $185.41 and last traded at $182.0710. 5,140,288 shares traded hands during mid-day trading, a decline of 40% from the average session volume of 8,599,796 shares. The stock had previously closed at $178.38.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Barclays restated a “neutral” rating and set a $181.00 price objective on shares of Vertiv in a report on Thursday, December 4th. Royal Bank Of Canada upped their price target on shares of Vertiv from $191.00 to $196.00 and gave the stock an “outperform” rating in a report on Thursday, October 23rd. Citigroup lifted their price objective on shares of Vertiv from $198.00 to $220.00 and gave the company a “buy” rating in a report on Monday. KGI Securities upgraded shares of Vertiv from a “hold” rating to an “outperform” rating in a research note on Thursday, October 23rd. Finally, Oppenheimer boosted their price target on Vertiv from $190.00 to $195.00 and gave the company an “outperform” rating in a report on Thursday, October 23rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Vertiv has a consensus rating of “Moderate Buy” and an average price target of $180.48.

Vertiv Stock Performance

The business’s 50-day moving average price is $176.34 and its 200-day moving average price is $145.08. The company has a current ratio of 1.83, a quick ratio of 1.43 and a debt-to-equity ratio of 0.83. The stock has a market cap of $69.61 billion, a PE ratio of 68.71, a P/E/G ratio of 1.51 and a beta of 2.03.

Vertiv (NYSE:VRT) last released its quarterly earnings results on Wednesday, October 22nd. The company reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.25. Vertiv had a net margin of 10.67% and a return on equity of 50.82%. The business had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.59 billion. During the same period in the previous year, the company earned $0.76 earnings per share. The business’s revenue for the quarter was up 29.0% on a year-over-year basis. Vertiv has set its Q4 2025 guidance at 1.230-1.290 EPS and its FY 2025 guidance at 4.070-4.130 EPS. As a group, equities research analysts expect that Vertiv Holdings Co. will post 3.59 earnings per share for the current fiscal year.

Vertiv Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Tuesday, November 25th will be issued a $0.0625 dividend. This is a boost from Vertiv’s previous quarterly dividend of $0.04. This represents a $0.25 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Tuesday, November 25th. Vertiv’s dividend payout ratio is 9.43%.

Insider Activity

In other news, EVP Stephen Liang sold 5,501 shares of the company’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $170.48, for a total transaction of $937,810.48. Following the transaction, the executive vice president owned 4,050 shares in the company, valued at $690,444. This represents a 57.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 5.01% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in VRT. Financial Management Professionals Inc. increased its position in shares of Vertiv by 1,560.0% in the 3rd quarter. Financial Management Professionals Inc. now owns 166 shares of the company’s stock valued at $25,000 after acquiring an additional 156 shares during the period. Promus Capital LLC purchased a new position in Vertiv during the 2nd quarter worth approximately $26,000. Pacer Advisors Inc. raised its position in Vertiv by 67.6% during the 3rd quarter. Pacer Advisors Inc. now owns 171 shares of the company’s stock worth $26,000 after buying an additional 69 shares during the last quarter. SouthState Corp acquired a new stake in Vertiv during the 1st quarter valued at approximately $27,000. Finally, Avion Wealth increased its stake in shares of Vertiv by 99.1% in the second quarter. Avion Wealth now owns 213 shares of the company’s stock worth $27,000 after acquiring an additional 106 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.