Vertiv Sees Unusually High Options Volume (NYSE:VRT)

Vertiv Holdings Co (NYSE:VRT - Get Free Report) saw some unusual options trading on Friday. Stock investors purchased 85,225 call options on the stock. This represents an increase of 75% compared to the typical daily volume of 48,822 call options.

Insider Activity

In related news, insider Karsten Winther sold 5,500 shares of the stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $94.33, for a total transaction of $518,815.00. Following the completion of the sale, the insider now directly owns 18,847 shares of the company's stock, valued at $1,777,837.51. This represents a 22.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.63% of the stock is owned by insiders.

Institutional Investors Weigh In On Vertiv

Hedge funds have recently modified their holdings of the business. Massachusetts Financial Services Co. MA acquired a new stake in Vertiv during the 4th quarter worth approximately $597,379,000. Norges Bank bought a new stake in shares of Vertiv during the fourth quarter worth $391,777,000. Amundi raised its holdings in shares of Vertiv by 96.8% during the first quarter. Amundi now owns 6,951,773 shares of the company's stock worth $469,490,000 after acquiring an additional 3,420,144 shares during the period. 1832 Asset Management L.P. lifted its position in Vertiv by 985.3% in the 1st quarter. 1832 Asset Management L.P. now owns 2,301,700 shares of the company's stock valued at $166,183,000 after acquiring an additional 2,089,612 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in Vertiv by 136.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,336,862 shares of the company's stock valued at $379,101,000 after acquiring an additional 1,928,275 shares in the last quarter. Institutional investors and hedge funds own 89.92% of the company's stock.

Vertiv Trading Up 2.7%

Shares of Vertiv stock traded up $2.98 on Friday, hitting $115.20. 3,466,400 shares of the company's stock traded hands, compared to its average volume of 8,813,033. The firm's 50-day moving average price is $89.18 and its two-hundred day moving average price is $105.04. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02. The stock has a market capitalization of $43.90 billion, a PE ratio of 89.89, a price-to-earnings-growth ratio of 1.07 and a beta of 1.70. Vertiv has a one year low of $53.60 and a one year high of $155.84.

Vertiv (NYSE:VRT - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share for the quarter, beating analysts' consensus estimates of $0.62 by $0.02. The business had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.94 billion. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. Vertiv's revenue for the quarter was up 24.2% on a year-over-year basis. During the same period last year, the company posted $0.43 EPS. On average, research analysts expect that Vertiv will post 3.59 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on VRT. Royal Bank of Canada began coverage on shares of Vertiv in a report on Friday, March 7th. They set an "outperform" rating and a $121.00 price target on the stock. Barclays lowered their price objective on shares of Vertiv from $100.00 to $90.00 and set an "equal weight" rating on the stock in a research report on Friday, April 4th. Roth Mkm began coverage on Vertiv in a report on Tuesday, April 8th. They issued a "buy" rating and a $75.00 target price for the company. Morgan Stanley lowered their price target on Vertiv from $140.00 to $125.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Finally, JPMorgan Chase & Co. upped their price target on Vertiv from $100.00 to $127.00 and gave the company an "overweight" rating in a research report on Friday, May 16th. Five analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $122.38.

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.

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