Shares of Vertiv Holdings Co. (NYSE:VRT – Get Free Report) traded up 6% during trading on Thursday . The stock traded as high as $298.66 and last traded at $297.7960. 5,006,951 shares were traded during trading, a decline of 28% from the average session volume of 6,913,861 shares. The stock had previously closed at $280.98.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on VRT shares. Weiss Ratings cut shares of Vertiv from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, April 24th. HSBC assumed coverage on Vertiv in a research note on Wednesday, March 25th. They issued a “buy” rating and a $325.00 price target for the company. Mizuho set a $380.00 price objective on Vertiv in a research report on Thursday, May 21st. Royal Bank Of Canada upped their price objective on Vertiv from $356.00 to $435.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. Finally, BNP Paribas Exane initiated coverage on Vertiv in a research report on Tuesday, April 14th. They set an “outperform” rating and a $345.00 target price for the company. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $326.39.
Read Our Latest Stock Analysis on VRT
Vertiv Stock Up 6.0%
Vertiv (NYSE:VRT – Get Free Report) last posted 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 firm had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.63 billion. Vertiv had a net margin of 14.37% and a return on equity of 49.90%. Vertiv’s revenue for the quarter was up 30.1% compared to the same quarter last year. During the same period last year, the firm posted $0.64 earnings per share. Vertiv has set its Q2 2026 guidance at 1.370-1.430 EPS and its FY 2026 guidance at 6.300-6.400 EPS. As a group, analysts expect that Vertiv Holdings Co. will post 6.36 earnings per share for the current year.
Vertiv Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Monday, June 15th will be issued a $0.0625 dividend. The ex-dividend date is Monday, June 15th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.1%. Vertiv’s payout ratio is 6.28%.
Institutional Trading of Vertiv
Several hedge funds have recently made changes to their positions in VRT. Sachetta LLC raised its position in Vertiv by 41.4% during the first quarter. Sachetta LLC now owns 123 shares of the company’s stock valued at $31,000 after purchasing an additional 36 shares during the period. Cornerstone Planning Group LLC boosted its holdings in shares of Vertiv by 60.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 130 shares of the company’s stock worth $33,000 after purchasing an additional 49 shares during the period. Vermillion & White Wealth Management Group LLC increased its position in shares of Vertiv by 58.3% during the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 152 shares of the company’s stock valued at $25,000 after purchasing an additional 56 shares during the last quarter. Center for Financial Planning Inc. raised its holdings in Vertiv by 554.2% during the 1st quarter. Center for Financial Planning Inc. now owns 157 shares of the company’s stock valued at $39,000 after buying an additional 133 shares during the period. Finally, Bartlett & CO. Wealth Management LLC purchased a new stake in Vertiv during the 1st quarter valued at $41,000. 89.92% of the stock is currently owned by hedge funds and other institutional investors.
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.
Recommended Stories
- Five stocks we like better than Vertiv
- Microsoft Just Gave Investors 3 Dates They Can’t Afford to Ignore
- NVIDIA’s Outlook Gains Momentum: Stock Price to Follow
- The World Cup Is Coming—These 3 Stocks Could Cash In
- Spotify’s “North Star” Outlook Was Music to Investors Ears
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.
