Vertiv (NYSE:VRT) Stock Price Down 2.6% – Here’s What Happened

Vertiv Holdings Co. (NYSE:VRT) shares dropped 2.6% during mid-day trading on Monday . The company traded as low as $164.56 and last traded at $166.5080. Approximately 5,175,599 shares changed hands during trading, a decline of 41% from the average daily volume of 8,738,004 shares. The stock had previously closed at $170.97.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Zacks Research raised Vertiv from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 31st. Glj Research initiated coverage on shares of Vertiv in a research report on Tuesday, August 19th. They set a “sell” rating and a $112.00 target price on the stock. Rothschild & Co Redburn began coverage on shares of Vertiv in a report on Wednesday, August 20th. They issued a “neutral” rating and a $135.00 price target for the company. Roth Capital reaffirmed a “buy” rating and issued a $195.00 price target (up from $162.00) on shares of Vertiv in a research note on Tuesday, October 21st. Finally, Cfra Research upgraded shares of Vertiv to a “moderate buy” rating in a report on Tuesday, October 7th. Two analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $177.81.

Vertiv Stock Performance

The stock has a market cap of $63.66 billion, a PE ratio of 44.76, a price-to-earnings-growth ratio of 1.39 and a beta of 1.87. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.43 and a current ratio of 1.83. The company’s 50 day simple moving average is $164.34 and its 200 day simple moving average is $136.30.

Vertiv (NYSE:VRT) last released its earnings results on Wednesday, October 22nd. The company reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.25. The firm had revenue of $2.68 billion for 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 company’s quarterly revenue was up 29.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.76 earnings per share. Vertiv has set its Q4 2025 guidance at 1.230-1.290 EPS. FY 2025 guidance at 4.070-4.130 EPS. Analysts expect that Vertiv Holdings Co. will post 3.59 earnings per share for the current year.

Vertiv Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Tuesday, November 25th will be given a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 0.2%. This is an increase from Vertiv’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend is Tuesday, November 25th. Vertiv’s payout ratio is presently 5.66%.

Insider Transactions at Vertiv

In other news, Director Jakki L. Haussler sold 15,680 shares of the company’s stock in a transaction on Monday, September 8th. The shares were sold at an average price of $123.92, for a total value of $1,943,065.60. Following the transaction, the director owned 4,631 shares of the company’s stock, valued at approximately $573,873.52. This represents a 77.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Steven Reinemund sold 100,000 shares of the stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $128.22, for a total value of $12,822,000.00. Following the completion of the sale, the director owned 133,333 shares in the company, valued at $17,095,957.26. This trade represents a 42.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 139,298 shares of company stock valued at $17,770,188 over the last three months. Company insiders own 5.01% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Financial Management Professionals Inc. raised its position in Vertiv by 1,560.0% during the third quarter. Financial Management Professionals Inc. now owns 166 shares of the company’s stock valued at $25,000 after purchasing an additional 156 shares in the last quarter. Pacer Advisors Inc. raised its holdings in shares of Vertiv by 67.6% during the 3rd quarter. Pacer Advisors Inc. now owns 171 shares of the company’s stock valued at $26,000 after buying an additional 69 shares in the last quarter. True Wealth Design LLC raised its holdings in shares of Vertiv by 54.0% during the 3rd quarter. True Wealth Design LLC now owns 194 shares of the company’s stock valued at $29,000 after buying an additional 68 shares in the last quarter. Quent Capital LLC bought a new stake in Vertiv in the 3rd quarter worth approximately $30,000. Finally, Measured Wealth Private Client Group LLC purchased a new stake in Vertiv in the third quarter worth approximately $30,000. 89.92% of the stock is currently owned by institutional investors.

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.