Vertiv Target of Unusually Large Options Trading (NYSE:VRT)

Vertiv Holdings Co (NYSE:VRT) saw some unusual options trading activity on Wednesday. Investors bought 54,366 call options on the stock. This represents an increase of approximately 48% compared to the average volume of 36,858 call options.

Insider Buying and Selling at Vertiv

In other news, insider Karsten Winther sold 44,924 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now directly owns 10,542 shares in the company, valued at $843,254.58. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 5.01% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Vertiv by 5.5% in the 1st quarter. Vanguard Group Inc. now owns 33,622,257 shares of the company’s stock valued at $2,745,930,000 after acquiring an additional 1,766,784 shares in the last quarter. Coatue Management LLC lifted its holdings in shares of Vertiv by 19.5% in the fourth quarter. Coatue Management LLC now owns 13,811,848 shares of the company’s stock valued at $663,383,000 after purchasing an additional 2,249,353 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Vertiv by 303.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,777,057 shares of the company’s stock worth $390,143,000 after buying an additional 3,591,903 shares during the period. Massachusetts Financial Services Co. MA purchased a new position in shares of Vertiv during the second quarter valued at $331,091,000. Finally, Westfield Capital Management Co. LP raised its position in Vertiv by 85.2% during the first quarter. Westfield Capital Management Co. LP now owns 3,399,272 shares of the company’s stock valued at $277,619,000 after buying an additional 1,563,466 shares during the period. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Vertiv Stock Down 0.1 %

VRT stock opened at $100.62 on Friday. The firm has a market cap of $37.75 billion, a PE ratio of 96.75, a P/E/G ratio of 1.26 and a beta of 1.58. Vertiv has a 12 month low of $34.60 and a 12 month high of $109.27. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.36 and a quick ratio of 1.00. The firm has a 50 day simple moving average of $80.18 and a 200 day simple moving average of $85.92.

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

Vertiv Dividend Announcement

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

Analysts Set New Price Targets

VRT has been the subject of several research analyst reports. Mizuho raised shares of Vertiv from a “neutral” rating to an “outperform” rating and reduced their price objective for the stock from $95.00 to $92.00 in a report on Wednesday, August 7th. Evercore ISI reiterated an “outperform” rating and issued a $105.00 price objective on shares of Vertiv in a report on Thursday, August 15th. The Goldman Sachs Group lowered their price objective on shares of Vertiv from $116.00 to $104.00 and set a “buy” rating on the stock in a research note on Thursday, July 25th. Finally, TD Cowen upped their target price on Vertiv from $89.00 to $93.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Vertiv has an average rating of “Buy” and a consensus target price of $102.13.

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.