Vertiv Sees Unusually Large Options Volume (NYSE:VRT)

Vertiv Holdings Co (NYSE:VRT) saw unusually large options trading activity on Wednesday. Investors bought 53,036 put options on the stock. This is an increase of approximately 21% compared to the typical volume of 43,792 put options.

Vertiv Stock Performance

NYSE VRT opened at $76.44 on Friday. The company has a fifty day moving average price of $103.98 and a 200-day moving average price of $111.23. The firm has a market cap of $29.11 billion, a price-to-earnings ratio of 59.72, a PEG ratio of 1.07 and a beta of 1.71. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02. Vertiv has a 1 year low of $62.40 and a 1 year high of $155.84.

Vertiv (NYSE:VRT) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.15. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. During the same period in the prior year, the business posted $0.56 earnings per share. As a group, equities research analysts predict that Vertiv will post 3.59 EPS for the current fiscal year.

Vertiv Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 18th were issued a dividend of $0.0375 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a yield of 0.20%. Vertiv’s dividend payout ratio (DPR) is currently 11.72%.

Analysts Set New Price Targets

Several brokerages recently issued reports on VRT. Melius lowered shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 target price on the stock. in a research note on Tuesday, January 28th. Morgan Stanley assumed coverage on Vertiv in a research note on Monday, January 6th. They issued an “overweight” rating and a $150.00 target price for the company. Barclays decreased their target price on Vertiv from $111.00 to $100.00 and set an “equal weight” rating for the company in a research report on Wednesday. Melius Research reiterated a “hold” rating and issued a $125.00 price target on shares of Vertiv in a report on Tuesday, January 28th. Finally, Evercore ISI decreased their price objective on Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a report on Friday, January 17th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, Vertiv presently has a consensus rating of “Moderate Buy” and a consensus target price of $135.33.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of VRT. Vanguard Group Inc. raised its stake in shares of Vertiv by 3.5% during the 4th quarter. Vanguard Group Inc. now owns 36,356,089 shares of the company’s stock worth $4,130,415,000 after purchasing an additional 1,244,780 shares during the period. Jennison Associates LLC raised its position in Vertiv by 68.6% in the fourth quarter. Jennison Associates LLC now owns 7,754,347 shares of the company’s stock worth $880,971,000 after acquiring an additional 3,153,932 shares during the period. State Street Corp boosted its stake in Vertiv by 4.2% in the third quarter. State Street Corp now owns 7,635,081 shares of the company’s stock valued at $759,614,000 after acquiring an additional 308,704 shares during the last quarter. Geode Capital Management LLC boosted its stake in Vertiv by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 6,050,965 shares of the company’s stock valued at $688,260,000 after acquiring an additional 99,181 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA purchased a new stake in shares of Vertiv during the 4th quarter worth approximately $597,379,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.

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.