Vertiv (NYSE:VRT – Free Report) had its price target lifted by Evercore ISI from $180.00 to $200.00 in a research note issued to investors on Monday morning,Benzinga reports. They currently have an outperform rating on the stock.
Several other research firms also recently issued reports on VRT. William Blair began coverage on Vertiv in a research note on Monday, July 28th. They set an “outperform” rating for the company. Bank of America lifted their price target on Vertiv from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday, July 17th. Morgan Stanley reaffirmed an “overweight” rating on shares of Vertiv in a research note on Sunday, August 10th. Cfra Research raised Vertiv to a “moderate buy” rating in a research note on Tuesday, October 7th. Finally, Barclays boosted their target price on shares of Vertiv from $128.00 to $145.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $161.30.
Vertiv Price Performance
Vertiv (NYSE:VRT – Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.12. The business had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.36 billion. Vertiv had a return on equity of 51.64% and a net margin of 8.93%.The business’s revenue was up 35.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.67 EPS. Vertiv has set its Q3 2025 guidance at 0.940-1.000 EPS. Analysts forecast that Vertiv will post 3.59 EPS for the current fiscal year.
Vertiv Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Monday, September 15th were paid a dividend of $0.0375 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.1%. Vertiv’s dividend payout ratio is currently 7.18%.
Insider Activity at Vertiv
In other news, Director Steven Reinemund sold 100,000 shares of the company’s stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $128.22, for a total transaction of $12,822,000.00. Following the completion of the transaction, the director owned 133,333 shares of the company’s stock, valued at $17,095,957.26. This represents a 42.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jakki L. Haussler sold 15,680 shares of the company’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $123.92, for a total transaction of $1,943,065.60. Following the transaction, the director directly owned 4,631 shares of the company’s stock, valued at approximately $573,873.52. This represents a 77.20% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 180,952 shares of company stock worth $23,360,571. 5.01% of the stock is owned by insiders.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in Vertiv by 0.8% in the 2nd quarter. Vanguard Group Inc. now owns 38,006,755 shares of the company’s stock worth $4,880,447,000 after acquiring an additional 291,596 shares during the period. State Street Corp boosted its holdings in Vertiv by 5.7% in the 2nd quarter. State Street Corp now owns 8,269,839 shares of the company’s stock worth $1,061,930,000 after acquiring an additional 442,937 shares during the period. Amundi boosted its holdings in Vertiv by 96.8% in the 1st quarter. Amundi now owns 6,951,773 shares of the company’s stock worth $469,490,000 after acquiring an additional 3,420,144 shares during the period. Geode Capital Management LLC boosted its holdings in Vertiv by 3.4% in the 2nd quarter. Geode Capital Management LLC now owns 6,686,778 shares of the company’s stock worth $856,082,000 after acquiring an additional 219,970 shares during the period. Finally, Invesco Ltd. boosted its holdings in Vertiv by 20.9% in the 2nd quarter. Invesco Ltd. now owns 5,931,488 shares of the company’s stock worth $761,662,000 after acquiring an additional 1,024,634 shares during the period. Institutional investors and hedge funds own 89.92% of the company’s stock.
Vertiv Company Profile
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.
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