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

Vertiv Holdings Co (NYSE:VRT) was the target of unusually large options trading activity on Thursday. Stock investors purchased 66,129 call options on the company. This represents an increase of 56% compared to the average volume of 42,292 call options.

Wall Street Analysts Forecast Growth

VRT has been the subject of a number of recent analyst reports. Morgan Stanley assumed coverage on shares of Vertiv in a research report on Monday, January 6th. They issued an “overweight” rating and a $150.00 price objective for the company. The Goldman Sachs Group raised their price target on Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Citigroup upped their price objective on Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Evercore ISI reduced their target price on Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a report on Friday, January 17th. Finally, Melius Research reaffirmed a “hold” rating and set a $125.00 price target on shares of Vertiv in a research note on Tuesday, January 28th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $137.14.

Vertiv Price Performance

Shares of VRT traded down $6.14 during mid-day trading on Thursday, reaching $81.75. 8,275,717 shares of the company’s stock were exchanged, compared to its average volume of 10,974,588. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19. Vertiv has a 52-week low of $62.40 and a 52-week high of $155.84. The company has a market cap of $31.13 billion, a price-to-earnings ratio of 63.87, a PEG ratio of 1.07 and a beta of 1.71. The company has a 50-day simple moving average of $116.43 and a two-hundred day simple moving average of $110.63.

Vertiv (NYSE:VRT) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.15. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. During the same quarter in the prior year, the business earned $0.56 earnings per share. On average, sell-side analysts predict that Vertiv will post 3.59 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in VRT. Fifth Third Bancorp raised its position in shares of Vertiv by 8.1% in the fourth quarter. Fifth Third Bancorp now owns 1,126 shares of the company’s stock valued at $128,000 after buying an additional 84 shares during the last quarter. Prestige Wealth Management Group LLC grew its stake in Vertiv by 2.4% in the 4th quarter. Prestige Wealth Management Group LLC now owns 3,695 shares of the company’s stock worth $420,000 after acquiring an additional 85 shares during the period. Accurate Wealth Management LLC raised its holdings in Vertiv by 4.1% in the 4th quarter. Accurate Wealth Management LLC now owns 2,234 shares of the company’s stock valued at $254,000 after acquiring an additional 87 shares during the last quarter. Horizon Investment Services LLC lifted its stake in shares of Vertiv by 4.1% during the 4th quarter. Horizon Investment Services LLC now owns 2,410 shares of the company’s stock worth $274,000 after purchasing an additional 95 shares during the period. Finally, Focus Partners Advisor Solutions LLC boosted its holdings in shares of Vertiv by 3.1% during the fourth quarter. Focus Partners Advisor Solutions LLC now owns 3,226 shares of the company’s stock worth $367,000 after purchasing an additional 97 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

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.