Vertiv (NYSE:VRT) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Vertiv (NYSE:VRT) from a hold rating to a buy rating in a report published on Saturday morning,Wall Street Zen reports.

VRT has been the topic of several other research reports. Evercore set a $375.00 price objective on Vertiv in a research note on Wednesday, July 29th. Citigroup lowered their target price on Vertiv from $414.00 to $358.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Piper Sandler set a $375.00 price target on Vertiv in a research report on Wednesday, July 29th. UBS Group restated a “buy” rating and set a $370.00 price target on shares of Vertiv in a research note on Thursday, July 30th. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $368.00 price target on shares of Vertiv in a research note on Friday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Vertiv presently has a consensus rating of “Moderate Buy” and an average target price of $357.83.

Vertiv Trading Up 0.7%

VRT stock opened at $251.22 on Friday. Vertiv has a 12 month low of $133.85 and a 12 month high of $379.93. The firm’s 50-day moving average is $269.66 and its 200 day moving average is $291.51. The company has a market capitalization of $96.72 billion, a PE ratio of 56.84, a P/E/G ratio of 1.02 and a beta of 2.07. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.38 and a quick ratio of 1.03.

Vertiv (NYSE:VRT) last released its quarterly earnings data on Wednesday, July 29th. The company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.09. The company had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $3.38 billion. Vertiv had a net margin of 15.09% and a return on equity of 50.47%. The firm’s quarterly revenue was up 24.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.95 EPS. Vertiv has set its Q3 2026 guidance at 1.770-1.830 EPS and its FY 2026 guidance at 6.650-6.750 EPS. On average, research analysts anticipate that Vertiv will post 6.72 EPS for the current year.

Vertiv Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Monday, September 14th will be given a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Monday, September 14th. Vertiv’s payout ratio is presently 5.66%.

Insider Activity at Vertiv

In related news, Director Edward Monser sold 15,287 shares of the company’s stock in a transaction 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 sale, the director directly owned 16,500 shares in the company, valued at $4,188,030. This represents a 48.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Vertiv

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its holdings in shares of Vertiv by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 7,065,912 shares of the company’s stock valued at $1,141,723,000 after buying an additional 143,821 shares in the last quarter. Norges Bank bought a new position in shares of Vertiv during the 4th quarter worth approximately $808,701,000. Wellington Management Group LLP lifted its position in Vertiv by 14.1% during the second quarter. Wellington Management Group LLP now owns 3,794,360 shares of the company’s stock valued at $1,270,428,000 after acquiring an additional 468,380 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Vertiv by 1.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,709,276 shares of the company’s stock valued at $678,890,000 after acquiring an additional 51,328 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Vertiv by 33.7% in the first quarter. Bank of New York Mellon Corp now owns 2,410,642 shares of the company’s stock valued at $604,059,000 after acquiring an additional 608,176 shares in the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.

About Vertiv

Vertiv Holdings Co (NYSE: VRT) designs, manufactures and services critical digital infrastructure that helps data centers, communications networks and other facilities operate reliably and efficiently. Its solutions support the availability, performance and growth of information technology systems.

The company’s products and services include power management and distribution equipment, uninterruptible power supplies, thermal management and cooling systems, racks and integrated infrastructure, monitoring and management software, and lifecycle services.