Vertiv (NYSE:VRT) Trading Down 1% – What’s Next?

09 Jan 2025, 12:14 by Doug Wharley · The Cerbat Gem

Vertiv Holdings Co (NYSE:VRT – Get Free Report) shares were down 1% during mid-day trading on Thursday . The stock traded as low as $125.20 and last traded at $129.35. Approximately 4,113,388 shares were traded during trading, a decline of 39% from the average daily volume of 6,702,735 shares. The stock had previously closed at $130.64.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on VRT shares. Mizuho upped their price target on Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Oppenheimer upped their price target on Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. TD Cowen upped their price objective on Vertiv from $115.00 to $141.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. UBS Group initiated coverage on Vertiv in a report on Wednesday, November 13th. They issued a “buy” rating and a $155.00 price objective for the company. Finally, Fox Advisors initiated coverage on Vertiv in a report on Monday. They issued an “equal weight” rating for the company. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $140.92.

Check Out Our Latest Report on Vertiv

Vertiv Trading Down 1.0 %

The business has a fifty day simple moving average of $123.90 and a 200-day simple moving average of $101.54. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.38. The firm has a market cap of $48.55 billion, a price-to-earnings ratio of 86.23, a PEG ratio of 1.29 and a beta of 1.63.

Vertiv (NYSE:VRT – Get Free Report) last issued its earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.07. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. The business had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter in the prior year, the firm earned $0.52 EPS. The business’s revenue for the quarter was up 19.0% compared to the same quarter last year. As a group, equities analysts forecast that Vertiv Holdings Co will post 2.69 earnings per share for the current fiscal year.

Vertiv Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd were given a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.12%. The ex-dividend date of this dividend was Tuesday, December 3rd. This is a positive change from Vertiv’s previous quarterly dividend of $0.03. Vertiv’s payout ratio is 6.67%.

Insider Buying and Selling at Vertiv

In related news, EVP Stephen Liang sold 86,619 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $131.07, for a total transaction of $11,353,152.33. Following the sale, the executive vice president now owns 19,551 shares in the company, valued at $2,562,549.57. This represents a 81.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jan Van Dokkum sold 38,647 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $136.39, for a total value of $5,271,064.33. Following the sale, the director now owns 25,000 shares in the company, valued at approximately $3,409,750. The trade was a 60.72 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 171,527 shares of company stock worth $23,105,682. Insiders own 5.01% of the company’s stock.

Institutional Investors Weigh In On Vertiv

Several institutional investors and hedge funds have recently made changes to their positions in VRT. Jennison Associates LLC raised its stake in Vertiv by 10,825.0% during the 3rd quarter. Jennison Associates LLC now owns 4,600,415 shares of the company’s stock worth $457,695,000 after buying an additional 4,558,306 shares during the period. Massachusetts Financial Services Co. MA acquired a new position in Vertiv during the 2nd quarter worth approximately $331,091,000. Wellington Management Group LLP raised its stake in shares of Vertiv by 271.0% in the third quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company’s stock worth $389,548,000 after purchasing an additional 2,860,181 shares during the last quarter. Castle Hook Partners LP raised its stake in shares of Vertiv by 215.6% in the third quarter. Castle Hook Partners LP now owns 1,864,426 shares of the company’s stock worth $185,492,000 after purchasing an additional 1,273,746 shares during the last quarter. Finally, Whale Rock Capital Management LLC purchased a new stake in shares of Vertiv in the third quarter worth approximately $110,517,000. Institutional investors own 89.92% of the company’s stock.

Vertiv Company Profile

(Get Free Report)

Vertiv Holdings Co, together with its subsidiaries, designs, manufactures, and services critical digital infrastructure technologies and life cycle services for data centers, communication networks, and commercial and industrial environments in the Americas, the Asia Pacific, Europe, the Middle East, and Africa.