Traders Purchase High Volume of Call Options on Vertiv (NYSE:VRT)

Vertiv Holdings Co (NYSE:VRT) was the target of some unusual options trading activity on Wednesday. Traders bought 54,366 call options on the stock. This represents an increase of 48% compared to the typical daily volume of 36,858 call options.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Mizuho upgraded Vertiv from a “neutral” rating to an “outperform” rating and reduced their price target for the company from $95.00 to $92.00 in a report on Wednesday, August 7th. Evercore ISI reiterated an “outperform” rating and issued a $105.00 target price on shares of Vertiv in a research note on Thursday, August 15th. TD Cowen increased their price target on shares of Vertiv from $89.00 to $93.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Finally, The Goldman Sachs Group cut their price target on shares of Vertiv from $116.00 to $104.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $102.13.

Vertiv Trading Down 0.1 %

Shares of VRT stock opened at $100.62 on Friday. The business’s 50 day moving average is $80.18 and its two-hundred day moving average is $85.92. The company has a quick ratio of 1.00, a current ratio of 1.36 and a debt-to-equity ratio of 1.90. Vertiv has a 12 month low of $34.60 and a 12 month high of $109.27. The company has a market cap of $37.75 billion, a PE ratio of 96.75, a price-to-earnings-growth ratio of 1.26 and a beta of 1.58.

Vertiv (NYSE:VRT) last posted its earnings results on Wednesday, July 24th. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.10. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.94 billion. Vertiv had a net margin of 6.93% and a return on equity of 50.79%. Vertiv’s revenue was up 12.6% compared to the same quarter last year. During the same period last year, the business posted $0.46 EPS. Equities analysts predict that Vertiv will post 2.58 EPS for the current year.

Vertiv Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Tuesday, September 17th were given a dividend of $0.025 per share. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $0.10 annualized dividend and a dividend yield of 0.10%. Vertiv’s dividend payout ratio is presently 9.62%.

Insider Activity

In related news, insider Karsten Winther sold 44,924 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $79.99, for a total transaction of $3,593,470.76. Following the completion of the sale, the insider now directly owns 10,542 shares in the company, valued at $843,254.58. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 5.01% of the stock is currently owned by corporate insiders.

Institutional Trading of Vertiv

Several hedge funds have recently added to or reduced their stakes in VRT. Bogart Wealth LLC acquired a new position in shares of Vertiv during the first quarter worth approximately $25,000. Anchor Investment Management LLC acquired a new position in Vertiv during the 2nd quarter valued at $26,000. Raleigh Capital Management Inc. boosted its holdings in Vertiv by 79.0% in the 4th quarter. Raleigh Capital Management Inc. now owns 571 shares of the company’s stock valued at $27,000 after purchasing an additional 252 shares during the period. Atticus Wealth Management LLC bought a new stake in Vertiv in the 1st quarter valued at $27,000. Finally, Mather Group LLC. grew its position in Vertiv by 132.5% in the 2nd quarter. Mather Group LLC. now owns 351 shares of the company’s stock worth $29,000 after purchasing an additional 200 shares during the last quarter. 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.