Shares of Vertiv Holdings Co. (NYSE:VRT – Get Free Report) traded up 3.1% on Wednesday . The company traded as high as $282.50 and last traded at $278.3690. Approximately 5,916,425 shares changed hands during trading, a decline of 14% from the average session volume of 6,871,384 shares. The stock had previously closed at $269.93.
Wall Street Analyst Weigh In
A number of equities analysts have commented on the company. Royal Bank Of Canada reduced their price objective on Vertiv from $418.00 to $337.00 and set an “outperform” rating on the stock in a research note on Thursday, July 30th. The Goldman Sachs Group lifted their price target on Vertiv from $277.00 to $311.00 and gave the company a “buy” rating in a report on Tuesday, April 14th. 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. Barclays raised their price objective on shares of Vertiv from $345.00 to $412.00 and gave the company an “overweight” rating in a research report on Friday, May 15th. Finally, Bank of America boosted their target price on shares of Vertiv from $370.00 to $440.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $337.33.
Get Our Latest Analysis on Vertiv
Vertiv Trading Up 3.1%
Vertiv (NYSE:VRT – Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.09. The business had revenue of $3.27 billion for 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 was up 24.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.95 earnings per share. 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 expect that Vertiv Holdings Co. will post 6.7 earnings per share for the current fiscal year.
Vertiv Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Monday, June 15th were given 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 was Monday, June 15th. Vertiv’s payout ratio is presently 5.66%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vermillion & White Wealth Management Group LLC boosted its position in shares of Vertiv by 58.3% during the fourth 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 in the last quarter. Sankala Group LLC bought a new stake in shares of Vertiv in the 4th quarter valued at $27,000. Meeder Asset Management Inc. raised its stake in Vertiv by 211.3% during the 4th 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 period. Rossby Financial LCC acquired a new stake in Vertiv during the 4th quarter worth $27,000. Finally, Kohmann Bosshard Financial Services LLC bought a new position in Vertiv during the fourth quarter worth about $29,000. Institutional investors own 89.92% of the company’s stock.
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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