Stock Traders Buy Large Volume of Call Options on Vertiv (NYSE:VRT)

Vertiv Holdings Co (NYSE:VRT) saw some unusual options trading on Wednesday. Stock investors bought 35,466 call options on the company. This represents an increase of 47% compared to the typical daily volume of 24,068 call options.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on VRT shares. Mizuho boosted their price objective on Vertiv from $50.00 to $56.00 and gave the stock a “neutral” rating in a report on Thursday, February 22nd. JPMorgan Chase & Co. boosted their price target on Vertiv from $65.00 to $95.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Evercore ISI boosted their price target on Vertiv from $80.00 to $90.00 and gave the company an “outperform” rating in a research note on Friday, April 5th. Citigroup boosted their price target on Vertiv from $69.00 to $102.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Finally, Oppenheimer began coverage on Vertiv in a research note on Friday, April 5th. They issued an “outperform” rating and a $96.00 price target for the company. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $74.56.

Insider Activity

In related news, CAO Scott Cripps sold 56,594 shares of Vertiv stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $70.76, for a total value of $4,004,591.44. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, CAO Scott Cripps sold 56,594 shares of Vertiv stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $70.76, for a total value of $4,004,591.44. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Stephen Liang sold 306,196 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $70.24, for a total value of $21,507,207.04. Following the transaction, the executive vice president now directly owns 51,841 shares in the company, valued at approximately $3,641,311.84. The disclosure for this sale can be found here. Corporate insiders own 5.62% of the company’s stock.

Institutional Investors Weigh In On Vertiv

Hedge funds and other institutional investors have recently bought and sold shares of the business. First Horizon Advisors Inc. grew its position in Vertiv by 161.7% in the third quarter. First Horizon Advisors Inc. now owns 662 shares of the company’s stock worth $25,000 after acquiring an additional 409 shares in the last quarter. GAMMA Investing LLC bought a new position in Vertiv in the fourth quarter worth about $26,000. Raleigh Capital Management Inc. increased its stake in shares of Vertiv by 79.0% during the fourth quarter. Raleigh Capital Management Inc. now owns 571 shares of the company’s stock valued at $27,000 after purchasing an additional 252 shares in the last quarter. Atticus Wealth Management LLC bought a new position in shares of Vertiv during the first quarter valued at approximately $27,000. Finally, Clearstead Advisors LLC bought a new position in shares of Vertiv during the third quarter valued at approximately $38,000. Institutional investors own 89.92% of the company’s stock.

Vertiv Stock Performance

Shares of VRT opened at $84.53 on Thursday. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.74 and a quick ratio of 1.35. The stock has a 50-day moving average of $75.35 and a 200-day moving average of $56.87. The company has a market cap of $32.29 billion, a PE ratio of 71.64, a P/E/G ratio of 1.21 and a beta of 1.59. Vertiv has a one year low of $12.22 and a one year high of $94.39.

Vertiv (NYSE:VRT) last released its quarterly earnings results on Wednesday, February 21st. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.03. Vertiv had a return on equity of 39.46% and a net margin of 6.71%. The business had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the previous year, the business earned $0.28 EPS. The company’s quarterly revenue was up 12.7% on a year-over-year basis. On average, equities research analysts predict that Vertiv will post 2.36 EPS for the current fiscal year.

Vertiv Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Tuesday, March 19th were issued a $0.025 dividend. The ex-dividend date was Monday, March 18th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.12%. Vertiv’s dividend payout ratio (DPR) is presently 8.47%.

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.