Vertiv (NYSE:VRT) Trading Up 4.3% After Dividend Announcement

Vertiv Holdings Co. (NYSE:VRT) shares were up 4.3% during trading on Friday after the company announced a dividend. The company traded as high as $175.88 and last traded at $170.6560. Approximately 9,993,663 shares traded hands during trading, an increase of 14% from the average daily volume of 8,754,145 shares. The stock had previously closed at $163.64.

The newly announced dividend which will be paid on Thursday, December 18th. Investors of record on Tuesday, November 25th will be issued a dividend of $0.0625 per share. The ex-dividend date of this dividend is Tuesday, November 25th. This represents a $0.25 dividend on an annualized basis and a yield of 0.1%. This is a positive change from Vertiv’s previous quarterly dividend of $0.04. Vertiv’s payout ratio is 5.66%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on VRT shares. Cowen set a $210.00 price objective on Vertiv in a research report on Thursday, October 23rd. Rothschild & Co Redburn started coverage on Vertiv in a report on Wednesday, August 20th. They issued a “neutral” rating and a $135.00 price target for the company. Rothschild Redb upgraded shares of Vertiv to a “hold” rating in a research report on Wednesday, August 20th. Mizuho increased their price objective on shares of Vertiv from $165.00 to $198.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. Finally, The Goldman Sachs Group set a $182.00 target price on shares of Vertiv in a research note on Thursday, October 23rd. Two analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $177.81.

Vertiv Price Performance

The firm has a market capitalization of $65.25 billion, a price-to-earnings ratio of 64.40, a price-to-earnings-growth ratio of 1.33 and a beta of 1.87. The company has a quick ratio of 1.43, a current ratio of 1.83 and a debt-to-equity ratio of 0.83. The company’s fifty day moving average is $164.34 and its two-hundred day moving average is $135.59.

Vertiv (NYSE:VRT) last issued its earnings results on Wednesday, October 22nd. The company reported $1.24 EPS for the quarter, beating the consensus estimate of $0.99 by $0.25. The company had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.59 billion. Vertiv had a net margin of 10.67% and a return on equity of 50.82%. The business’s revenue for the quarter was up 29.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.76 EPS. Vertiv has set its Q4 2025 guidance at 1.230-1.290 EPS. FY 2025 guidance at 4.070-4.130 EPS. Equities research analysts anticipate that Vertiv Holdings Co. will post 3.59 earnings per share for the current fiscal year.

Insider Activity at Vertiv

In related news, insider Paul Ryan sold 22,218 shares of the stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $127.34, for a total value of $2,829,240.12. Following the sale, the insider directly owned 12,803 shares in the company, valued at $1,630,334.02. This trade represents a 63.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Steven Reinemund sold 100,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the director owned 133,333 shares of the company’s stock, valued at approximately $17,095,957.26. This represents a 42.86% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 139,298 shares of company stock worth $17,770,188. 2.63% of the stock is owned by insiders.

Institutional Investors Weigh In On Vertiv

Several large investors have recently made changes to their positions in VRT. Howard Capital Management Inc. increased its holdings in Vertiv by 3.0% during the 3rd quarter. Howard Capital Management Inc. now owns 1,837 shares of the company’s stock worth $277,000 after purchasing an additional 54 shares in the last quarter. Investors Asset Management of Georgia Inc. GA ADV lifted its stake in Vertiv by 1.9% in the 3rd quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 3,020 shares of the company’s stock valued at $456,000 after acquiring an additional 55 shares in the last quarter. Ancora Advisors LLC boosted its position in Vertiv by 0.4% during the 3rd quarter. Ancora Advisors LLC now owns 15,923 shares of the company’s stock worth $2,402,000 after acquiring an additional 64 shares during the last quarter. JBR Co Financial Management Inc raised its holdings in shares of Vertiv by 0.8% in the third quarter. JBR Co Financial Management Inc now owns 7,825 shares of the company’s stock valued at $1,180,000 after purchasing an additional 65 shares during the last quarter. Finally, Brown Brothers Harriman & Co. lifted its position in shares of Vertiv by 37.8% in the third quarter. Brown Brothers Harriman & Co. now owns 237 shares of the company’s stock worth $36,000 after purchasing an additional 65 shares in the last quarter. Institutional investors own 89.92% of the company’s stock.

About Vertiv

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.