Vertiv (NYSE:VRT) Shares Up 2.8% – Here’s What Happened

Vertiv Holdings Co. (NYSE:VRT)’s stock price was up 2.8% on Thursday . The company traded as high as $340.00 and last traded at $325.15. Approximately 6,165,193 shares were traded during mid-day trading, a decline of 10% from the average daily volume of 6,883,774 shares. The stock had previously closed at $316.43.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. JPMorgan Chase & Co. boosted their price objective on Vertiv from $305.00 to $350.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. Roth Mkm reissued a “buy” rating and issued a $355.00 target price on shares of Vertiv in a research report on Thursday, May 21st. Evercore restated an “outperform” rating and set a $425.00 price target on shares of Vertiv in a report on Tuesday, May 12th. TD Cowen upped their price target on shares of Vertiv from $347.00 to $387.00 and gave the company a “buy” rating in a research report on Wednesday, May 20th. Finally, Sanford C. Bernstein initiated coverage on shares of Vertiv in a research note on Tuesday, June 9th. They issued an “outperform” rating and a $416.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $326.39.

Vertiv Price Performance

The company has a current ratio of 1.49, a quick ratio of 1.15 and a debt-to-equity ratio of 0.69. The stock has a 50-day simple moving average of $324.10 and a 200 day simple moving average of $254.49. The stock has a market capitalization of $116.81 billion, a price-to-earnings ratio of 76.41, a price-to-earnings-growth ratio of 1.41 and a beta of 2.03.

Vertiv (NYSE:VRT) last issued its earnings results 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 the consensus estimate of $2.63 billion. Vertiv had a return on equity of 49.90% and a net margin of 14.37%.The firm’s quarterly revenue was up 30.1% on a year-over-year basis. During the same quarter in the prior 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 forecast that Vertiv Holdings Co. will post 6.36 EPS for the current fiscal year.

Vertiv Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Monday, June 15th were given a $0.0625 dividend. The ex-dividend date was Monday, June 15th. This represents a $0.25 dividend on an annualized basis and a yield of 0.1%. Vertiv’s dividend payout ratio is presently 6.28%.

Hedge Funds Weigh In On Vertiv

Hedge funds have recently modified their holdings of the stock. Vermillion & White Wealth Management Group LLC increased its position in Vertiv by 58.3% in the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 152 shares of the company’s stock worth $25,000 after purchasing an additional 56 shares during the last quarter. Sankala Group LLC bought a new stake in shares of Vertiv in the 4th quarter valued at approximately $27,000. Meeder Asset Management Inc. increased its holdings in Vertiv by 211.3% in the fourth quarter. Meeder Asset Management Inc. now owns 165 shares of the company’s stock worth $27,000 after buying an additional 112 shares during the last quarter. Rossby Financial LCC acquired a new position in Vertiv in the fourth quarter worth approximately $27,000. Finally, Park Place Capital Corp raised its position in Vertiv by 624.0% during the fourth quarter. Park Place Capital Corp now owns 181 shares of the company’s stock valued at $29,000 after acquiring an additional 156 shares in the last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.

About Vertiv

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.