Vertiv (NYSE:VRT) Shares Down 4.5% – Here’s What Happened

Vertiv Holdings Co. (NYSE:VRT) shares were down 4.5% on Friday . The stock traded as low as $288.55 and last traded at $290.2930. Approximately 3,368,248 shares traded hands during mid-day trading, a decline of 50% from the average daily volume of 6,691,969 shares. The stock had previously closed at $304.04.

Trending Headlines about Vertiv

Here are the key news stories impacting Vertiv this week:

• Positive Sentiment: KeyCorp upgraded Vertiv to “strong-buy”, a vote of confidence that signals analysts see more upside in the stock. Zacks.com
• Positive Sentiment: Vertiv is being highlighted as a leading AI infrastructure play, with Zacks arguing investors may prefer infrastructure names like VRT over AI chips and mega-cap tech for exposure to the AI boom. Article Title
• Positive Sentiment: Investors are anticipating Vertiv’s upcoming Q2 earnings, with expectations for strong revenue and EPS growth driven by AI-related demand, partnerships, and expansion efforts. Article Title
• Positive Sentiment: Vertiv announced it is expanding manufacturing and testing capacity at its Tognana campus near Padua, which could help it meet growing demand and support future sales. Article Title
• Positive Sentiment: The company also announced a deployment supporting the Naval Postgraduate School’s NVIDIA DGX GB300 system, showcasing Vertiv’s integrated power, liquid cooling, rack infrastructure, and installation services for high-density AI systems. Article Title
• Neutral Sentiment: Recent articles note that Vertiv’s rally has cooled after a big run-up, with the stock pulling back from prior gains; this suggests some profit-taking, though the longer-term growth story remains intact. Article Title
• Negative Sentiment: One recent note said Vertiv dipped more than the broader market in the latest session, reflecting short-term volatility despite the strong fundamental backdrop. Article Title

Analysts Set New Price Targets

A number of research firms have recently weighed in on VRT. Oppenheimer increased their price target on Vertiv from $330.00 to $353.00 and gave the company an “outperform” rating in a research note on Thursday, May 21st. Mizuho set a $380.00 price objective on shares of Vertiv in a research report on Thursday, May 21st. Glj Research upgraded Vertiv from a “sell” rating to a “hold” rating in a research note on Thursday, June 18th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Vertiv in a research report on Tuesday. Finally, JPMorgan Chase & Co. lifted their target price on shares of Vertiv from $305.00 to $350.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $343.48.

Vertiv Trading Down 4.5%

The firm has a market capitalization of $111.50 billion, a P/E ratio of 72.94, a PEG ratio of 1.30 and a beta of 2.03. The firm has a 50 day simple moving average of $314.86 and a two-hundred day simple moving average of $273.92. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.15 and a current ratio of 1.49.

Vertiv (NYSE:VRT) last issued its quarterly earnings results on Wednesday, April 22nd. The company reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.17. The business had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.63 billion. Vertiv had a return on equity of 49.90% and a net margin of 14.37%.Vertiv’s quarterly revenue was up 30.1% compared to the same quarter last year. During the same period last year, the company posted $0.64 earnings per share. Equities research analysts forecast that Vertiv Holdings Co. will post 6.38 earnings per share for the current year.

Vertiv Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Monday, June 15th were paid a $0.0625 dividend. The ex-dividend date was Monday, June 15th. This represents a $0.25 annualized dividend and a dividend yield of 0.1%. Vertiv’s payout ratio is presently 6.28%.

Institutional Trading of Vertiv

A number of institutional investors have recently modified their holdings of the business. Vermillion & White Wealth Management Group LLC lifted its holdings in shares of Vertiv by 58.3% in the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 152 shares of the company’s stock worth $25,000 after buying an additional 56 shares in the last quarter. Sankala Group LLC bought a new stake in shares of Vertiv in the fourth quarter worth about $27,000. Meeder Asset Management Inc. increased its position in Vertiv by 211.3% during the 4th quarter. Meeder Asset Management Inc. now owns 165 shares of the company’s stock valued at $27,000 after purchasing an additional 112 shares during the period. Rossby Financial LCC purchased a new stake in Vertiv in the fourth quarter worth about $27,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in shares of Vertiv during the fourth quarter valued at approximately $29,000. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Vertiv Company Profile

Vertiv is a global provider of critical digital infrastructure and continuity solutions for data centers, communication networks and commercial and industrial environments. Headquartered in Columbus, Ohio, the company designs, manufactures and services equipment and software that support power availability, thermal management and IT infrastructure management for a broad set of end markets, including hyperscale and enterprise data centers, colocation providers, telecom operators and industrial customers.

The company’s product portfolio includes uninterruptible power supplies (UPS), power distribution units (PDUs), battery and DC power systems, precision cooling and thermal management equipment, racks and enclosures, and integrated modular infrastructure.