Vertiv (NYSE:VRT – Get Free Report) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday, Wall Street Zen reports.
A number of other analysts have also recently weighed in on VRT. Citigroup lowered their price target on shares of Vertiv from $414.00 to $358.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Glj Research upgraded shares of Vertiv from a “hold” rating to a “buy” rating and set a $381.00 price objective for the company in a research note on Friday, August 7th. Royal Bank Of Canada decreased their target price on shares of Vertiv from $418.00 to $337.00 and set an “outperform” rating for the company in a research report on Thursday, July 30th. Robert W. Baird set a $320.00 target price on shares of Vertiv in a research note on Thursday, July 30th. Finally, Piper Sandler set a $375.00 price target on shares of Vertiv in a report on Wednesday, July 29th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $357.83.
Read Our Latest Report on Vertiv
Vertiv Trading Down 0.2%
Vertiv (NYSE:VRT – Get Free Report) last posted its earnings results on Wednesday, July 29th. The company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.09. The company had revenue of $3.27 billion for 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 firm’s quarterly revenue was up 24.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $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. Equities research analysts expect that Vertiv will post 6.72 EPS for the current fiscal year.
Insider Buying and Selling at Vertiv
In other news, Director Edward Monser sold 15,287 shares of the firm’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $253.82, for a total value of $3,880,146.34. Following the completion of the transaction, the director directly owned 16,500 shares in the company, valued at $4,188,030. This trade represents a 48.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.10% of the company’s stock.
Hedge Funds Weigh In On Vertiv
Several hedge funds and other institutional investors have recently bought and sold shares of VRT. Sachetta LLC lifted its stake in Vertiv by 41.4% during the 1st quarter. Sachetta LLC now owns 123 shares of the company’s stock valued at $31,000 after acquiring an additional 36 shares during the period. Cornerstone Planning Group LLC increased its stake in shares of Vertiv by 60.5% in the first quarter. Cornerstone Planning Group LLC now owns 130 shares of the company’s stock worth $33,000 after acquiring an additional 49 shares during the period. GoalVest Advisory LLC increased its stake in shares of Vertiv by 87.3% in the second quarter. GoalVest Advisory LLC now owns 148 shares of the company’s stock worth $50,000 after acquiring an additional 69 shares during the period. Center for Financial Planning Inc. raised its holdings in shares of Vertiv by 554.2% during the first quarter. Center for Financial Planning Inc. now owns 157 shares of the company’s stock worth $39,000 after purchasing an additional 133 shares during the last quarter. Finally, Ravenstone Capital Management Inc. purchased a new position in shares of Vertiv during the first quarter worth $40,000. Institutional investors and hedge funds own 89.92% of the company’s stock.
Vertiv Company Profile
Vertiv Holdings Co (NYSE: VRT) designs, manufactures and services critical digital infrastructure that helps data centers, communications networks and other facilities operate reliably and efficiently. Its solutions support the availability, performance and growth of information technology systems.
The company’s products and services include power management and distribution equipment, uninterruptible power supplies, thermal management and cooling systems, racks and integrated infrastructure, monitoring and management software, and lifecycle services.
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