Vertiv (NYSE:VRT) Sets New 1-Year High Following Analyst Upgrade

Key Points

• Vertiv Holdings Co. reached a new 52-week high of $169.83 following an analyst upgrade by Evercore ISI, which raised their price target to $180.00 while maintaining an outperform rating.
• A consensus from multiple analysts shows a majority rating of Moderate Buy for Vertiv, with an average target price of $147.58 and eight analysts rating it as a Buy or Strong Buy.
• The company's recent quarterly earnings report exceeded expectations, showing a 35.1% increase in revenue year-over-year, with earnings per share of $0.95 compared to the consensus estimate of $0.83.

Vertiv Holdings Co. (NYSE:VRT - Get Free Report)'s share price reached a new 52-week high during trading on Tuesday after Evercore ISI raised their price target on the stock from $165.00 to $180.00. Evercore ISI currently has an outperform rating on the stock. Vertiv traded as high as $169.83 and last traded at $162.77, with a volume of 7134954 shares traded. The stock had previously closed at $160.20.

Other equities research analysts also recently issued reports about the company. Rothschild Redb upgraded Vertiv to a "hold" rating in a report on Wednesday, August 20th. Oppenheimer lifted their price objective on Vertiv from $140.00 to $151.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. JPMorgan Chase & Co. lifted their price objective on Vertiv from $127.00 to $150.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Glj Research initiated coverage on Vertiv in a report on Tuesday, August 19th. They set a "sell" rating and a $112.00 price objective on the stock. Finally, William Blair initiated coverage on Vertiv in a report on Monday, July 28th. They set an "outperform" rating on the stock. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $147.58.

Insider Transactions at Vertiv

In other news, Director Jakki L. Haussler sold 15,680 shares of Vertiv stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $123.92, for a total value of $1,943,065.60. Following the completion of the transaction, the director owned 4,631 shares in the company, valued at approximately $573,873.52. This trade represents a 77.20% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Paul Ryan sold 22,218 shares of Vertiv stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $127.34, for a total value of $2,829,240.12. Following the completion of the transaction, the insider owned 12,803 shares of the company's stock, valued at approximately $1,630,334.02. The trade was a 63.44% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 180,952 shares of company stock worth $23,360,571 in the last quarter. Insiders own 5.01% of the company's stock.

Institutional Trading of Vertiv

Hedge funds have recently added to or reduced their stakes in the business. GW&K Investment Management LLC bought a new stake in Vertiv during the 1st quarter valued at $26,000. Promus Capital LLC bought a new stake in Vertiv during the 2nd quarter valued at $26,000. SouthState Corp bought a new stake in Vertiv during the 1st quarter valued at $27,000. Avion Wealth raised its stake in Vertiv by 99.1% during the 2nd quarter. Avion Wealth now owns 213 shares of the company's stock valued at $27,000 after acquiring an additional 106 shares in the last quarter. Finally, North Star Investment Management Corp. raised its stake in Vertiv by 4,120.0% during the 1st quarter. North Star Investment Management Corp. now owns 422 shares of the company's stock valued at $30,000 after acquiring an additional 412 shares in the last quarter. Institutional investors own 89.92% of the company's stock.

Vertiv Stock Up 1.6%

The firm has a 50 day simple moving average of $137.67 and a two-hundred day simple moving average of $114.64. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.35 and a current ratio of 1.74. The stock has a market cap of $62.16 billion, a P/E ratio of 77.88, a P/E/G ratio of 1.41 and a beta of 1.84.

Vertiv (NYSE:VRT - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.95 EPS for the quarter, topping analysts' consensus estimates of $0.83 by $0.12. Vertiv had a return on equity of 51.64% and a net margin of 8.93%.The company had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter in the previous year, the business earned $0.67 EPS. The company's quarterly revenue was up 35.1% compared to the same quarter last year. Vertiv has set its Q3 2025 guidance at 0.940-1.000 EPS. Equities research analysts predict that Vertiv Holdings Co. will post 3.59 earnings per share for the current year.

Vertiv Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Monday, September 15th were paid a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Monday, September 15th. Vertiv's payout ratio is currently 7.18%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.