Vertiv (NYSE:VRT) Stock Price Up 3% – Here’s What Happened

Vertiv Holdings Co. (NYSE:VRT) shares rose 3% during mid-day trading on Thursday . The company traded as high as $158.76 and last traded at $154.27. Approximately 7,609,565 shares changed hands during trading, a decline of 12% from the average daily volume of 8,635,507 shares. The stock had previously closed at $149.83.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on VRT shares. Royal Bank Of Canada increased their target price on Vertiv from $191.00 to $196.00 and gave the stock an “outperform” rating in a research note on Thursday, October 23rd. UBS Group boosted their price objective on shares of Vertiv from $173.00 to $201.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Zacks Research upgraded shares of Vertiv from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 31st. Barclays reaffirmed a “neutral” rating and set a $181.00 target price on shares of Vertiv in a research report on Thursday, December 4th. Finally, Wolfe Research lowered Vertiv from an “outperform” rating to a “peer perform” rating in a report on Tuesday, December 9th. Two investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $180.48.

Vertiv Trading Up 3.0%

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 capitalization of $58.98 billion, a P/E ratio of 58.22, a price-to-earnings-growth ratio of 1.29 and a beta of 2.03. The company has a 50-day moving average price of $176.75 and a 200 day moving average price of $147.25.

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

Vertiv Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Tuesday, November 25th will be paid a dividend of $0.0625 per share. This is a boost from Vertiv’s previous quarterly dividend of $0.04. The ex-dividend date is Tuesday, November 25th. This represents a $0.25 annualized dividend and a dividend yield of 0.2%. Vertiv’s dividend payout ratio (DPR) is presently 9.43%.

Insiders Place Their Bets

In other Vertiv news, EVP Stephen Liang sold 5,501 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $170.48, for a total value of $937,810.48. Following the completion of the sale, the executive vice president directly owned 4,050 shares in the company, valued at $690,444. This trade represents a 57.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.63% of the stock is currently owned by company insiders.

Institutional Trading of Vertiv

A number of institutional investors have recently made changes to their positions in VRT. Financial Management Professionals Inc. increased its position in Vertiv by 1,560.0% during the 3rd quarter. Financial Management Professionals Inc. now owns 166 shares of the company’s stock valued at $25,000 after buying an additional 156 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in Vertiv by 67.6% in the third quarter. Pacer Advisors Inc. now owns 171 shares of the company’s stock worth $26,000 after acquiring an additional 69 shares in the last quarter. True Wealth Design LLC grew its stake in shares of Vertiv by 54.0% during the third quarter. True Wealth Design LLC now owns 194 shares of the company’s stock worth $29,000 after acquiring an additional 68 shares during the last quarter. Quent Capital LLC acquired a new position in shares of Vertiv during the third quarter valued at about $30,000. Finally, Measured Wealth Private Client Group LLC purchased a new position in shares of Vertiv in the 3rd quarter valued at approximately $30,000. Institutional investors and hedge funds 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.