Vertiv (NYSE:VRT) Shares Down 4% on Analyst Downgrade

Vertiv Holdings Co. (NYSE:VRT) shares traded down 4% during mid-day trading on Friday after Mizuho lowered their price target on the stock from $300.00 to $280.00. Mizuho currently has an outperform rating on the stock. Vertiv traded as low as $205.88 and last traded at $206.0710. 6,408,106 shares traded hands during trading, an increase of 0% from the average daily volume of 6,377,042 shares. The stock had previously closed at $214.75.

VRT has been the topic of several other reports. Wells Fargo & Company started coverage on shares of Vertiv in a research report on Thursday, September 24th. They issued an “overweight” rating and a $340.00 price objective on the stock. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Vertiv from $331.00 to $323.00 and set a “buy” rating for the company in a research report on Wednesday, September 30th. Daiwa Securities Group dropped their price target on shares of Vertiv from $400.00 to $340.00 and set a “buy” rating on the stock in a research note on Tuesday, July 21st. Bank of America cut their price target on Vertiv from $440.00 to $375.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Finally, KeyCorp cut their price target on Vertiv from $360.00 to $325.00 and set an “overweight” rating on the stock in a report on Thursday, July 30th. Two analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Vertiv currently has a consensus rating of “Moderate Buy” and a consensus price target of $335.67.

Insider Buying and Selling at Vertiv

In related news, Director Edward Monser sold 15,287 shares of Vertiv stock in a transaction dated 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 sale, the director directly owned 16,500 shares in the company, valued at $4,188,030. The trade was a 48.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Vertiv

Several large investors have recently bought and sold shares of the stock. State Street Corp boosted its holdings in shares of Vertiv by 4.5% in the second quarter. State Street Corp now owns 16,531,530 shares of the company’s stock valued at $5,535,087,000 after acquiring an additional 704,970 shares in the last quarter. Wellington Management Group LLP lifted its position in Vertiv by 14.1% in the second quarter. Wellington Management Group LLP now owns 3,794,360 shares of the company’s stock worth $1,270,428,000 after purchasing an additional 468,380 shares during the period. Legal & General Group Plc boosted its stake in Vertiv by 1.1% during the 2nd quarter. Legal & General Group Plc now owns 2,138,967 shares of the company’s stock valued at $716,169,000 after purchasing an additional 23,444 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Vertiv by 1.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,709,276 shares of the company’s stock valued at $678,890,000 after purchasing an additional 51,328 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Vertiv by 33.7% during the 1st quarter. Bank of New York Mellon Corp now owns 2,410,642 shares of the company’s stock valued at $604,059,000 after purchasing an additional 608,176 shares during the period. Institutional investors and hedge funds own 89.92% of the company’s stock.

Vertiv Trading Down 4.0%

The company has a market capitalization of $79.34 billion, a price-to-earnings ratio of 46.62, a PEG ratio of 0.83 and a beta of 2.05. The firm has a 50-day moving average price of $257.04 and a 200-day moving average price of $289.33. The company has a current ratio of 1.38, a quick ratio of 1.03 and a debt-to-equity ratio of 0.62.

Vertiv (NYSE:VRT) 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 during the quarter, compared to analyst estimates of $3.38 billion. Vertiv had a return on equity of 50.47% and a net margin of 15.09%. The company’s revenue was up 24.1% on a year-over-year basis. During the same quarter in the prior year, the firm 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. As a group, sell-side analysts predict that Vertiv Holdings Co. will post 6.73 EPS for the current year.

Vertiv Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 24th. Investors of record on Monday, September 14th were paid a dividend of $0.0625 per share. The ex-dividend date of this dividend was Monday, September 14th. This represents a $0.25 annualized dividend and a yield of 0.1%. Vertiv’s dividend payout ratio is currently 5.66%.

About Vertiv

Vertiv Holdings Co provides digital infrastructure and continuity solutions for data centers, communication networks, and other technology-intensive facilities. The company helps customers design, build, operate, and maintain infrastructure that supports the availability, performance, and efficiency of critical digital systems.

Its product portfolio includes power management and distribution equipment, uninterruptible power supplies, switchgear, busways, racks, integrated modular systems, and data center infrastructure.