Vertiv (NYSE:VRT) Shares Gap Up – Here’s Why
by Amy Steele · The Cerbat GemVertiv Holdings Co. (NYSE:VRT – Get Free Report)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $162.01, but opened at $169.47. Vertiv shares last traded at $174.3420, with a volume of 778,671 shares traded.
Analyst Ratings Changes
Several research analysts have recently weighed in on the stock. UBS Group increased their price objective on shares of Vertiv from $173.00 to $201.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. JPMorgan Chase & Co. upped their price target on shares of Vertiv from $150.00 to $206.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. The Goldman Sachs Group upped their price objective on Vertiv from $182.00 to $204.00 and gave the stock a “buy” rating in a report on Tuesday, December 9th. Roth Capital reiterated a “buy” rating and issued a $195.00 target price (up previously from $162.00) on shares of Vertiv in a report on Tuesday, October 21st. Finally, TD Cowen boosted their price target on Vertiv from $162.00 to $210.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $181.38.
Get Our Latest Stock Analysis on Vertiv
Vertiv Stock Up 7.4%
The firm has a 50-day simple moving average of $174.20 and a 200 day simple moving average of $150.96. The company has a market capitalization of $66.55 billion, a PE ratio of 66.03, a price-to-earnings-growth ratio of 1.30 and a beta of 2.06. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.83 and a quick ratio of 1.43.
Vertiv (NYSE:VRT – Get Free Report) last posted its earnings results on Wednesday, October 22nd. The company reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.25. The business had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.59 billion. Vertiv had a return on equity of 50.82% and a net margin of 10.67%.The company’s revenue for the quarter was up 29.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.76 earnings per share. Vertiv has set its Q4 2025 guidance at 1.230-1.290 EPS and its FY 2025 guidance at 4.070-4.130 EPS. On average, research analysts predict that Vertiv Holdings Co. will post 3.59 EPS for the current fiscal year.
Vertiv Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Tuesday, November 25th were paid a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 0.1%. This is a boost from Vertiv’s previous quarterly dividend of $0.04. The ex-dividend date was Tuesday, November 25th. Vertiv’s payout ratio is currently 9.43%.
Insiders Place Their Bets
In related news, EVP Stephen Liang sold 5,501 shares of Vertiv stock in a transaction on Monday, November 24th. The shares were sold at an average price of $170.48, for a total transaction of $937,810.48. Following the sale, the executive vice president owned 4,050 shares of the company’s stock, valued at $690,444. The trade was a 57.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 2.63% of the company’s stock.
Institutional Trading of Vertiv
Hedge funds and other institutional investors have recently modified their holdings of the business. State of Wyoming grew its stake in Vertiv by 30.3% during the 1st quarter. State of Wyoming now owns 3,021 shares of the company’s stock valued at $218,000 after purchasing an additional 703 shares in the last quarter. Focus Partners Advisor Solutions LLC boosted its stake in shares of Vertiv by 44.2% during the 1st quarter. Focus Partners Advisor Solutions LLC now owns 4,652 shares of the company’s stock valued at $336,000 after buying an additional 1,426 shares during the last quarter. EP Wealth Advisors LLC boosted its stake in shares of Vertiv by 10.2% during the 1st quarter. EP Wealth Advisors LLC now owns 3,606 shares of the company’s stock valued at $260,000 after buying an additional 334 shares during the last quarter. Federation des caisses Desjardins du Quebec grew its position in shares of Vertiv by 62.5% during the first quarter. Federation des caisses Desjardins du Quebec now owns 37,582 shares of the company’s stock worth $2,713,000 after buying an additional 14,448 shares in the last quarter. Finally, Amundi increased its stake in shares of Vertiv by 96.8% in the first quarter. Amundi now owns 6,951,773 shares of the company’s stock worth $469,490,000 after buying an additional 3,420,144 shares during the last quarter. 89.92% of the stock is 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.