Vertiv (NYSE:VRT) Stock Price Up 4.3% After Dividend Announcement

Vertiv Holdings Co. (NYSE:VRT)’s share price rose 4.3% during trading on Friday following a dividend announcement from the company. The stock traded as high as $175.88 and last traded at $170.6560. Approximately 9,993,663 shares were traded during trading, an increase of 14% from the average daily volume of 8,754,145 shares. The stock had previously closed at $163.64.

The newly announced dividend which will be paid on Thursday, December 18th. Shareholders of record on Tuesday, November 25th will be issued a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Tuesday, November 25th. This is a positive change from Vertiv’s previous quarterly dividend of $0.04. Vertiv’s payout ratio is presently 5.66%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on VRT shares. Deutsche Bank Aktiengesellschaft set a $216.00 price target on Vertiv and gave the stock a “buy” rating in a report on Wednesday, October 15th. Citigroup increased their price target on shares of Vertiv from $192.00 to $198.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Glj Research began coverage on shares of Vertiv in a research note on Tuesday, August 19th. They set a “sell” rating and a $112.00 price objective for the company. Cfra Research upgraded shares of Vertiv to a “moderate buy” rating in a research note on Tuesday, October 7th. Finally, Zacks Research raised shares of Vertiv from a “hold” rating to a “strong-buy” rating in a report on Friday, October 31st. Two analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $177.81.

Vertiv Price Performance

The company has a market capitalization of $65.25 billion, a PE ratio of 64.40, a price-to-earnings-growth ratio of 1.41 and a beta of 1.87. The company has a quick ratio of 1.43, a current ratio of 1.83 and a debt-to-equity ratio of 0.83. The firm’s 50-day moving average is $163.41 and its 200-day moving average is $135.01.

Vertiv (NYSE:VRT) last released its quarterly 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. Vertiv had a return on equity of 50.82% and a net margin of 10.67%.The business had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.59 billion. During the same quarter last year, the business posted $0.76 earnings per share. The company’s revenue for the quarter was up 29.0% on a year-over-year basis. Vertiv has set its Q4 2025 guidance at 1.230-1.290 EPS. FY 2025 guidance at 4.070-4.130 EPS. Equities analysts predict that Vertiv Holdings Co. will post 3.59 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Paul Ryan sold 22,218 shares of the company’s stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $127.34, for a total value of $2,829,240.12. Following the completion of the sale, the insider owned 12,803 shares of the company’s stock, valued at approximately $1,630,334.02. This represents a 63.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Steven Reinemund sold 100,000 shares of the stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $128.22, for a total transaction of $12,822,000.00. Following the transaction, the director directly owned 133,333 shares in the company, valued at approximately $17,095,957.26. This represents a 42.86% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 139,298 shares of company stock valued at $17,770,188 over the last quarter. 2.63% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Vertiv

A number of large investors have recently made changes to their positions in the business. Daiwa Securities Group Inc. increased its position in Vertiv by 41.1% during the 3rd quarter. Daiwa Securities Group Inc. now owns 147,293 shares of the company’s stock valued at $22,221,000 after purchasing an additional 42,890 shares during the period. Horizon Investments LLC increased its stake in Vertiv by 5.7% during the 3rd quarter. Horizon Investments LLC now owns 12,945 shares of the company’s stock valued at $1,953,000 after purchasing an additional 696 shares in the last quarter. Scotia Capital Inc. raised its holdings in Vertiv by 0.8% in the 3rd quarter. Scotia Capital Inc. now owns 27,248 shares of the company’s stock worth $4,111,000 after acquiring an additional 220 shares during the last quarter. Ulysses Management LLC boosted its position in shares of Vertiv by 33.3% during the third quarter. Ulysses Management LLC now owns 4,000 shares of the company’s stock valued at $603,000 after buying an additional 1,000 shares during the last quarter. Finally, Fiduciary Trust Co boosted its holdings in shares of Vertiv by 1.5% during the 3rd quarter. Fiduciary Trust Co now owns 4,810 shares of the company’s stock valued at $726,000 after acquiring an additional 69 shares during the last quarter. 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.