Vertiv (NYSE:VRT) Stock Price Up 1.6% – What’s Next?

Vertiv Holdings Co. (NYSE:VRT) shares rose 1.6% on Thursday. The company traded as high as $214.38 and last traded at $209.7810. 5,761,916 shares traded hands during trading, a decline of 12% from the average session volume of 6,578,146 shares. The stock had previously closed at $206.51.

Top Vertiv Stories

Here are a few of the latest stories about VRT:

• Positive Sentiment: Bernstein initiated a Buy rating on Vertiv, adding an upbeat analyst view amid investor focus on the company’s AI data-center growth prospects. Bernstein rating
• Positive Sentiment: A Seeking Alpha analysis argued that concerns about Vertiv are overblown, pointing to strong growth prospects and an attractive valuation. This supports the bullish case, though it is an opinion piece rather than a company announcement. Seeking Alpha bullish analysis
• Negative Sentiment: Another Seeking Alpha article acknowledged Vertiv’s good quarter but characterized its share-price chart as badly damaged and said the author would wait for a potential $150 entry. That cautious stance underscores lingering technical weakness and investor concerns despite the company’s operating performance. Seeking Alpha cautious analysis

Analyst Ratings Changes

A number of equities research analysts have issued reports on VRT shares. JPMorgan Chase & Co. started coverage on Vertiv in a research note on Wednesday. They issued a “neutral” rating and a $240.00 price target for the company. Bank of America dropped their price objective on Vertiv from $440.00 to $375.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Mizuho set a $300.00 target price on Vertiv in a research report on Thursday, October 29th. Robert W. Baird set a $320.00 target price on Vertiv and gave the company an “outperform” rating in a research note on Thursday, July 30th. Finally, Piper Sandler set a $375.00 target price on Vertiv in a research note on Wednesday, July 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $333.70.

Vertiv Stock Performance

The firm has a market cap of $80.78 billion, a PE ratio of 39.21, a PEG ratio of 0.62 and a beta of 2.11. The company has a current ratio of 1.39, a quick ratio of 1.01 and a debt-to-equity ratio of 0.53. The firm’s 50 day simple moving average is $233.57 and its 200 day simple moving average is $270.02.

Vertiv (NYSE:VRT) last issued its quarterly earnings data on Wednesday, October 28th. The company reported $2.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.82 by $0.39. Vertiv had a return on equity of 53.31% and a net margin of 15.99%. The firm had revenue of $4.31 billion during the quarter, compared to analyst estimates of $3.75 billion. During the same quarter last year, the business posted $1.24 earnings per share. The business’s quarterly revenue was up 61.2% compared to the same quarter last year. On average, research analysts forecast that Vertiv Holdings Co. will post 7.17 EPS for the current fiscal year.

Vertiv Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a yield of 0.1%. Vertiv’s dividend payout ratio is presently 4.67%.

Insiders Place Their Bets

In other Vertiv news, Director Edward Monser sold 15,287 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $253.82, for a total transaction of $3,880,146.34. Following the completion of the transaction, the director owned 16,500 shares in the company, valued at $4,188,030. This trade represents a 48.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Vertiv

Several institutional investors have recently made changes to their positions in the company. Versant Capital Management Inc raised its holdings in shares of Vertiv by 3.0% in the 2nd quarter. Versant Capital Management Inc now owns 1,156 shares of the company’s stock valued at $387,000 after purchasing an additional 34 shares in the last quarter. Pincus Capital Management LP boosted its stake in shares of Vertiv by 0.8% during the first quarter. Pincus Capital Management LP now owns 4,713 shares of the company’s stock valued at $1,181,000 after purchasing an additional 38 shares in the last quarter. Capital Advisors Inc. OK boosted its stake in shares of Vertiv by 2.7% during the second quarter. Capital Advisors Inc. OK now owns 1,484 shares of the company’s stock valued at $497,000 after purchasing an additional 39 shares in the last quarter. Dogwood Wealth Management LLC boosted its stake in shares of Vertiv by 23.5% during the second quarter. Dogwood Wealth Management LLC now owns 242 shares of the company’s stock valued at $81,000 after purchasing an additional 46 shares in the last quarter. Finally, Wealth Management Partners LLC increased its holdings in Vertiv by 0.4% during the third quarter. Wealth Management Partners LLC now owns 12,951 shares of the company’s stock valued at $3,125,000 after buying an additional 48 shares during the period. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Vertiv Company Profile

Vertiv Holdings Co. (NYSE: VRT) designs, manufactures and services critical digital infrastructure used by data centers, communications networks and commercial and industrial facilities. Its offerings help customers maintain reliable power, cooling and operating conditions for technology systems. The company’s products and solutions include uninterruptible power supplies, power distribution equipment, thermal management systems, racks, integrated modular infrastructure, and monitoring and control software.