Vertiv (NYSE:VRT) Shares Down 3.4% – Here’s What Happened

Vertiv Holdings Co. (NYSE:VRT) shares dropped 3.4% during mid-day trading on Monday. The stock traded as low as $242.52 and last traded at $244.6180. 4,258,821 shares traded hands during mid-day trading, a decline of 34% from the average session volume of 6,460,692 shares. The stock had previously closed at $253.28.

Analysts Set New Price Targets

VRT has been the subject of several research reports. UBS Group reiterated a “buy” rating and set a $370.00 price target on shares of Vertiv in a research note on Thursday, July 30th. Weiss Ratings cut Vertiv from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, August 14th. Wall Street Zen upgraded shares of Vertiv from a “hold” rating to a “buy” rating in a research report on Saturday, September 19th. Royal Bank Of Canada reduced their target price on shares of Vertiv from $418.00 to $337.00 and set an “outperform” rating for the company in a research note on Thursday, July 30th. Finally, Evercore set a $375.00 target price on shares of Vertiv in a research note on Wednesday, July 29th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $357.08.

Vertiv Trading Up 1.7%

The stock has a market cap of $95.59 billion, a P/E ratio of 56.17, a PEG ratio of 1.00 and a beta of 2.07. The firm’s fifty day moving average price is $263.79 and its two-hundred day moving average price is $291.16. 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 posted 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. Vertiv had a return on equity of 50.47% and a net margin of 15.09%.The company had revenue of $3.27 billion during the quarter, compared to analyst estimates of $3.38 billion. During the same quarter last year, the company earned $0.95 earnings per share. The firm’s quarterly revenue was up 24.1% on a year-over-year basis. Vertiv has set its Q3 2026 guidance at 1.770-1.830 EPS and its FY 2026 guidance at 6.650-6.750 EPS. As a group, equities research analysts forecast that Vertiv Holdings Co. will post 6.72 EPS for the current year.

Vertiv Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 24th. Stockholders of record on Monday, September 14th were issued a dividend of $0.0625 per share. The ex-dividend date of this dividend was Monday, September 14th. This represents a $0.25 annualized dividend and a dividend yield of 0.1%. Vertiv’s payout ratio is presently 5.66%.

Insider Buying and Selling at Vertiv

In related news, Director Edward Monser sold 15,287 shares of the company’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $253.82, for a total value of $3,880,146.34. Following the transaction, the director directly owned 16,500 shares in the company, valued at approximately $4,188,030. This represents a 48.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Vertiv

A number of hedge funds and other institutional investors have recently bought and sold shares of VRT. QRG Capital Management Inc. increased its holdings in shares of Vertiv by 11.7% in the 2nd quarter. QRG Capital Management Inc. now owns 103,334 shares of the company’s stock worth $34,598,000 after buying an additional 10,835 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Vertiv by 2.6% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 9,295 shares of the company’s stock worth $3,112,000 after acquiring an additional 235 shares during the last quarter. Envestnet Asset Management Inc. grew its position in Vertiv by 6.9% in the second quarter. Envestnet Asset Management Inc. now owns 880,700 shares of the company’s stock worth $294,874,000 after acquiring an additional 56,757 shares in the last quarter. State Street Corp increased its stake in Vertiv by 4.5% in the second quarter. State Street Corp now owns 16,531,530 shares of the company’s stock valued at $5,535,087,000 after acquiring an additional 704,970 shares during the last quarter. Finally, IKE Capital LLC raised its position in Vertiv by 194.4% during the second quarter. IKE Capital LLC now owns 7,065 shares of the company’s stock valued at $2,365,000 after purchasing an additional 4,665 shares in the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.

About Vertiv

Vertiv Holdings Co provides digital infrastructure and continuity solutions for data centers, communication networks, and other technology-intensive facilities. The company helps customers design, build, operate, and maintain infrastructure that supports the availability, performance, and efficiency of critical digital systems.

Its product portfolio includes power management and distribution equipment, uninterruptible power supplies, switchgear, busways, racks, integrated modular systems, and data center infrastructure.