Vertiv Sees Unusually Large Options Volume (NYSE:VRT)

Vertiv Holdings Co (NYSE:VRT) saw unusually large options trading on Wednesday. Traders acquired 35,466 call options on the company. This is an increase of 47% compared to the typical volume of 24,068 call options.

Insider Activity at Vertiv

In related news, CAO Scott Cripps sold 56,594 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $70.76, for a total value of $4,004,591.44. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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 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 document filed with the SEC, which is accessible through the SEC website. Also, EVP Stephen Liang sold 306,196 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $70.24, for a total value of $21,507,207.04. Following the completion of the sale, 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. 5.62% of the stock is owned by company insiders.

Hedge Funds Weigh In On Vertiv

A number of hedge funds have recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. increased its stake in shares of Vertiv by 161.7% in the 3rd quarter. First Horizon Advisors Inc. now owns 662 shares of the company’s stock valued at $25,000 after purchasing an additional 409 shares during the last quarter. GAMMA Investing LLC bought a new position in shares of Vertiv in the 4th quarter valued at $26,000. Raleigh Capital Management Inc. increased its stake in shares of 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 last quarter. Atticus Wealth Management LLC bought a new position in shares of Vertiv in the 1st quarter valued at $27,000. Finally, Clearstead Advisors LLC bought a new stake in Vertiv during the 3rd quarter worth $38,000. Institutional investors own 89.92% of the company’s stock.

Analyst Ratings Changes

VRT has been the topic of a number of recent analyst reports. Evercore ISI boosted their price objective on Vertiv from $90.00 to $95.00 and gave the stock an “outperform” rating in a research note on Thursday. JPMorgan Chase & Co. upped their price target on Vertiv from $95.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday. Oppenheimer upped their price target on Vertiv from $96.00 to $98.00 and gave the company an “outperform” rating in a research note on Thursday. Bank of America upped their price target on Vertiv from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Finally, Mizuho upped their price target on Vertiv from $50.00 to $56.00 and gave the company a “neutral” rating in a research note on Thursday, February 22nd. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Vertiv has an average rating of “Moderate Buy” and an average target price of $76.78.

Vertiv Stock Performance

Shares of NYSE VRT opened at $90.35 on Friday. The stock has a 50 day moving average price of $75.90 and a 200 day moving average price of $57.10. Vertiv has a 52 week low of $13.06 and a 52 week high of $94.39. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.35 and a current ratio of 1.74. The stock has a market capitalization of $34.51 billion, a PE ratio of 76.57, a price-to-earnings-growth ratio of 1.26 and a beta of 1.59.

Vertiv (NYSE:VRT) last released its quarterly earnings data on Wednesday, April 24th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.06. The company had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.62 billion. Vertiv had a return on equity of 39.46% and a net margin of 6.71%. The business’s revenue was up 7.8% on a year-over-year basis. During the same period last year, the firm posted $0.24 earnings per share. Analysts predict that Vertiv will post 2.36 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Tuesday, March 19th were paid a dividend of $0.025 per share. The ex-dividend date was Monday, March 18th. This represents a $0.10 dividend on an annualized basis and a yield of 0.11%. 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.