Vertiv (NYSE:VRT) Stock Price Up 3.5% – Here’s What Happened

Shares of Vertiv Holdings Co. (NYSE:VRTGet Free Report) shot up 3.5% on Tuesday . The company traded as high as $295.34 and last traded at $290.4050. Approximately 4,670,778 shares changed hands during trading, a decline of 28% from the average session volume of 6,497,045 shares. The stock had previously closed at $280.53.

Wall Street Analyst Weigh In

Several research firms have commented on VRT. Barclays boosted their target price on Vertiv from $345.00 to $412.00 and gave the stock an “overweight” rating in a report on Friday, May 15th. KeyCorp dropped their price target on shares of Vertiv from $360.00 to $325.00 and set an “overweight” rating on the stock in a research note on Thursday, July 30th. Roth Capital reissued a “buy” rating and set a $355.00 price objective on shares of Vertiv in a research report on Thursday, May 21st. Glj Research raised shares of Vertiv from a “hold” rating to a “buy” rating and set a $381.00 target price for the company in a report on Friday, August 7th. Finally, UBS Group reiterated a “buy” rating and set a $370.00 price target on shares of Vertiv in a report on Thursday, July 30th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Vertiv currently has an average rating of “Moderate Buy” and a consensus price target of $357.83.

View Our Latest Analysis on Vertiv

Vertiv Price Performance

The firm has a fifty day moving average of $282.18 and a 200 day moving average of $291.47. The company has a current ratio of 1.38, a quick ratio of 1.03 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $111.80 billion, a P/E ratio of 65.70, a P/E/G ratio of 1.15 and a beta of 2.07.

Vertiv (NYSE:VRTGet Free Report) last posted its earnings results on Wednesday, July 29th. The company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.09. Vertiv had a net margin of 15.09% and a return on equity of 50.47%. The business had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $3.38 billion. During the same quarter in the prior year, the business earned $0.95 EPS. The business’s revenue for the quarter was up 24.1% compared to the same quarter last year. 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, equities research analysts anticipate that Vertiv Holdings Co. will post 6.72 EPS for the current year.

Vertiv Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Monday, September 14th will be issued a $0.0625 dividend. The ex-dividend date is Monday, September 14th. This represents a $0.25 annualized dividend and a yield of 0.1%. Vertiv’s dividend payout ratio (DPR) is currently 5.66%.

Insider Activity at Vertiv

In related news, Director Edward Monser sold 15,287 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $253.82, for a total transaction of $3,880,146.34. Following the completion of the sale, the director directly owned 16,500 shares in the company, valued at approximately $4,188,030. The trade was a 48.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Vertiv

Institutional investors and hedge funds have recently bought and sold shares of the business. Empowered Funds LLC grew its holdings in Vertiv by 25.9% during the 1st quarter. Empowered Funds LLC now owns 11,557 shares of the company’s stock valued at $834,000 after buying an additional 2,377 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of Vertiv during the 2nd quarter worth approximately $567,000. Cary Street Partners Financial LLC boosted its position in shares of Vertiv by 19.8% during the 2nd quarter. Cary Street Partners Financial LLC now owns 1,390 shares of the company’s stock valued at $178,000 after acquiring an additional 230 shares during the last quarter. Bank of Nova Scotia boosted its position in shares of Vertiv by 49.7% during the 2nd quarter. Bank of Nova Scotia now owns 29,239 shares of the company’s stock valued at $3,755,000 after acquiring an additional 9,712 shares during the last quarter. Finally, Ossiam purchased a new position in shares of Vertiv in the second quarter valued at $50,000. 89.92% of the stock is owned by 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.