Vertiv Holdings Co. (NYSE:VRT – Get Free Report) shares were up 2.1% during mid-day trading on Wednesday . The stock traded as high as $298.29 and last traded at $287.81. Approximately 3,959,458 shares changed hands during trading, a decline of 42% from the average daily volume of 6,780,900 shares. The stock had previously closed at $281.81.
Analysts Set New Price Targets
A number of analysts recently commented on the stock. Morgan Stanley lifted their target price on shares of Vertiv from $285.00 to $350.00 and gave the stock an “overweight” rating in a research note on Thursday, April 23rd. Citigroup decreased their price target on shares of Vertiv from $414.00 to $358.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Roth Capital reiterated a “buy” rating and set a $355.00 price objective on shares of Vertiv in a research note on Thursday, May 21st. Sanford C. Bernstein reissued an “outperform” rating and set a $368.00 price objective on shares of Vertiv in a report on Friday, July 31st. Finally, Mizuho set a $380.00 target price on Vertiv in a research report on Thursday, May 21st. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $348.54.
Check Out Our Latest Research Report on Vertiv
Vertiv Trading Up 2.2%
Vertiv (NYSE:VRT – Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.09. The company had revenue of $3.27 billion during the quarter, compared to analyst estimates of $3.38 billion. Vertiv had a net margin of 15.09% and a return on equity of 50.47%. Vertiv’s revenue for the quarter was up 24.1% compared to the same quarter last year. During the same period last year, the firm posted $0.95 EPS. Vertiv has set its Q3 2026 guidance at 1.770-1.830 EPS and its FY 2026 guidance at 6.650-6.750 EPS. On average, research analysts anticipate that Vertiv Holdings Co. will post 6.7 EPS for the current year.
Vertiv Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Monday, June 15th were issued a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Monday, June 15th. Vertiv’s dividend payout ratio (DPR) is 5.66%.
Institutional Investors Weigh In On Vertiv
Several hedge funds have recently added to or reduced their stakes in VRT. Vermillion & White Wealth Management Group LLC lifted its holdings in shares of Vertiv by 58.3% in the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 152 shares of the company’s stock valued at $25,000 after buying an additional 56 shares during the period. Sankala Group LLC acquired a new stake in Vertiv during the fourth quarter worth about $27,000. Meeder Asset Management Inc. raised its position in Vertiv by 211.3% during the fourth quarter. Meeder Asset Management Inc. now owns 165 shares of the company’s stock valued at $27,000 after acquiring an additional 112 shares in the last quarter. Rossby Financial LCC purchased a new position in Vertiv during the fourth quarter valued at approximately $27,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in Vertiv in the fourth quarter valued at approximately $29,000. 89.92% of the stock is owned by hedge funds and other institutional investors.
Vertiv Company Profile
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.
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