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

Vertiv Holdings Co (NYSE:VRTGet Free Report) was the recipient of some unusual options trading activity on Thursday. Investors purchased 35,734 call options on the company. This is an increase of 82% compared to the average volume of 19,662 call options.

Insider Buying and Selling at Vertiv

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

Institutional Investors Weigh In On Vertiv

Institutional investors have recently modified their holdings of the company. GAMMA Investing LLC bought a new stake in shares of Vertiv in the 4th quarter valued at $26,000. Raleigh Capital Management Inc. boosted its stake in Vertiv by 79.0% during the fourth quarter. Raleigh Capital Management Inc. now owns 571 shares of the company’s stock worth $27,000 after acquiring an additional 252 shares in the last quarter. First Horizon Advisors Inc. boosted its stake in Vertiv by 161.7% during 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. Livforsakringsbolaget Skandia Omsesidigt bought a new position in Vertiv during the fourth quarter worth $38,000. Finally, Quadrant Capital Group LLC boosted its stake in Vertiv by 24.7% during the fourth quarter. Quadrant Capital Group LLC now owns 857 shares of the company’s stock worth $41,000 after acquiring an additional 170 shares in the last quarter. 92.37% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

VRT has been the topic of a number of research analyst reports. Bank of America raised their price objective on shares of Vertiv from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Mizuho lifted their price target on shares of Vertiv from $50.00 to $56.00 and gave the company a “neutral” rating in a research note on Thursday, February 22nd. Evercore ISI lifted their price target on shares of Vertiv from $75.00 to $80.00 and gave the company an “outperform” rating in a research note on Wednesday, March 13th. JPMorgan Chase & Co. lifted their price target on shares of Vertiv from $53.00 to $65.00 and gave the company an “overweight” rating in a research note on Thursday, February 22nd. Finally, The Goldman Sachs Group lifted their price target on shares of Vertiv from $46.00 to $52.00 and gave the company a “buy” rating in a research note on Thursday, November 30th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $61.38.

Read Our Latest Stock Report on Vertiv

Vertiv Stock Performance

NYSE VRT opened at $82.46 on Friday. The company has a quick ratio of 1.35, a current ratio of 1.74 and a debt-to-equity ratio of 1.45. The company has a market capitalization of $31.50 billion, a P/E ratio of 69.47, a P/E/G ratio of 1.24 and a beta of 1.57. Vertiv has a 12-month low of $11.95 and a 12-month high of $84.75. The firm has a 50-day moving average price of $63.12 and a two-hundred day moving average price of $49.40.

Vertiv (NYSE:VRTGet Free Report) last issued its earnings results on Wednesday, February 21st. The company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.53 by $0.03. The company had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.88 billion. Vertiv had a net margin of 6.71% and a return on equity of 39.46%. The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.28 EPS. Analysts anticipate that Vertiv will post 2.35 earnings per share for the current year.

Vertiv Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Tuesday, March 19th will be paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.12%. The ex-dividend date is Monday, March 18th. Vertiv’s dividend payout ratio is currently 8.47%.

Vertiv Company Profile

(Get Free Report)

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.

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