Stock Traders Buy High Volume of Vertiv Call Options (NYSE:VRT)

Vertiv Holdings Co (NYSE:VRT) was the recipient of some unusual options trading activity on Thursday. Stock traders bought 66,129 call options on the stock. This represents an increase of approximately 56% compared to the average daily volume of 42,292 call options.

Hedge Funds Weigh In On Vertiv

Institutional investors and hedge funds have recently made changes to their positions in the stock. Silverleafe Capital Partners LLC acquired a new stake in Vertiv in the 4th quarter valued at about $4,219,000. Foundations Investment Advisors LLC grew its stake in Vertiv by 7.9% in the 4th quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company’s stock valued at $21,076,000 after acquiring an additional 13,559 shares during the last quarter. Empowered Funds LLC grew its stake in Vertiv by 67.0% in the 4th quarter. Empowered Funds LLC now owns 9,180 shares of the company’s stock valued at $1,043,000 after acquiring an additional 3,682 shares during the last quarter. Gordian Capital Singapore Pte Ltd grew its stake in Vertiv by 112.5% in the 3rd quarter. Gordian Capital Singapore Pte Ltd now owns 8,500 shares of the company’s stock valued at $846,000 after acquiring an additional 4,500 shares during the last quarter. Finally, Nordea Investment Management AB grew its stake in Vertiv by 3,417.9% in the 4th quarter. Nordea Investment Management AB now owns 964,104 shares of the company’s stock valued at $110,544,000 after acquiring an additional 936,698 shares during the last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on VRT shares. Melius Research reiterated a “hold” rating and issued a $125.00 price target on shares of Vertiv in a research report on Tuesday, January 28th. TD Cowen upped their price target on shares of Vertiv from $115.00 to $141.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Melius downgraded shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price target for the company. in a research report on Tuesday, January 28th. Citigroup upped their price target on shares of Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Finally, 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. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, Vertiv has an average rating of “Moderate Buy” and a consensus target price of $136.07.

Vertiv Stock Performance

NYSE:VRT opened at $85.16 on Friday. 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 fifty-two week low of $62.40 and a fifty-two week high of $155.84. The stock has a market cap of $32.43 billion, a PE ratio of 66.53, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. The firm’s fifty day simple moving average is $115.09 and its 200-day simple moving average is $110.47.

Vertiv (NYSE:VRT) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share 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 quarter in the previous year, the firm posted $0.56 EPS. Analysts expect that Vertiv will post 3.59 earnings per share for the current fiscal year.

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.