Traders Buy Large Volume of Vertiv Put Options (NYSE:VRT)

Vertiv Holdings Co (NYSE:VRT) was the recipient of some unusual options trading on Wednesday. Traders bought 53,036 put options on the stock. This represents an increase of 21% compared to the typical daily volume of 43,792 put options.

Vertiv Stock Performance

Shares of VRT opened at $81.73 on Thursday. The company has a 50-day moving average of $105.10 and a two-hundred day moving average of $111.48. The stock has a market cap of $31.12 billion, a price-to-earnings ratio of 63.85, a PEG ratio of 1.07 and a beta of 1.71. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02. Vertiv has a one year low of $62.40 and a one year high of $155.84.

Vertiv (NYSE:VRT) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.15. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. During the same period last year, the business posted $0.56 earnings per share. On average, equities research analysts expect that Vertiv will post 3.59 earnings per share for the current year.

Vertiv Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th will be given a dividend of $0.0375 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a yield of 0.18%. Vertiv’s payout ratio is presently 11.72%.

Analyst Upgrades and Downgrades

VRT has been the subject of several recent analyst reports. Melius cut Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price target for the company. in a research note on Tuesday, January 28th. Fox Advisors began coverage on shares of Vertiv in a research report on Monday, January 6th. They issued an “equal weight” rating for the company. Citigroup boosted their price target on shares of Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Morgan Stanley initiated coverage on shares of Vertiv in a report on Monday, January 6th. They issued an “overweight” rating and a $150.00 price objective for the company. Finally, Royal Bank of Canada assumed coverage on Vertiv in a research report on Friday, March 7th. They issued an “outperform” rating and a $121.00 target price for the company. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $135.33.

Hedge Funds Weigh In On Vertiv

A number of large investors have recently made changes to their positions in the business. SOA Wealth Advisors LLC. purchased a new position in Vertiv during the fourth quarter valued at approximately $26,000. Mark Sheptoff Financial Planning LLC increased its stake in shares of Vertiv by 200.0% in the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock worth $30,000 after acquiring an additional 200 shares during the last quarter. Brooklyn Investment Group purchased a new stake in shares of Vertiv during the third quarter worth $30,000. OLD Second National Bank of Aurora acquired a new stake in Vertiv during the fourth quarter valued at $30,000. Finally, Tradewinds Capital Management LLC grew its stake in Vertiv by 61.3% in the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock valued at $33,000 after purchasing an additional 111 shares in the last quarter. Institutional investors and hedge funds 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.