Investors Purchase Large Volume of Call Options on Vertiv (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 is an increase of approximately 56% compared to the average daily volume of 42,292 call options.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Mizuho boosted their target price on shares of Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Morgan Stanley initiated coverage on Vertiv in a research report on Monday, January 6th. They issued an “overweight” rating and a $150.00 price target for the company. Barclays lowered their price objective on Vertiv from $131.00 to $111.00 and set an “equal weight” rating on the stock in a research report on Monday. UBS Group began coverage on shares of Vertiv in a report on Wednesday, November 13th. They issued a “buy” rating and a $155.00 target price for the company. Finally, Oppenheimer lifted their price target on shares of Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Four equities research 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 has an average rating of “Moderate Buy” and a consensus target price of $137.14.

Vertiv Stock Performance

Shares of NYSE:VRT opened at $81.80 on Friday. The firm has a fifty day simple moving average of $115.69 and a two-hundred day simple moving average of $110.43. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19. The stock has a market capitalization of $31.15 billion, a P/E ratio of 63.91, a PEG ratio of 1.07 and a beta of 1.71. Vertiv has a 52 week low of $62.40 and a 52 week high of $155.84.

Vertiv (NYSE:VRT) last issued its quarterly earnings data 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 previous year, the company earned $0.56 EPS. On average, analysts expect that Vertiv will post 3.59 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of VRT. New York State Teachers Retirement System boosted its stake in shares of Vertiv by 19.9% during the 3rd quarter. New York State Teachers Retirement System now owns 31,278 shares of the company’s stock worth $3,112,000 after purchasing an additional 5,187 shares during the period. Farther Finance Advisors LLC boosted its position in shares of Vertiv by 23.4% during the third quarter. Farther Finance Advisors LLC now owns 4,825 shares of the company’s stock valued at $480,000 after buying an additional 916 shares during the period. National Pension Service grew its stake in shares of Vertiv by 29.6% during the third quarter. National Pension Service now owns 583,781 shares of the company’s stock valued at $58,080,000 after buying an additional 133,481 shares during the last quarter. QRG Capital Management Inc. raised its holdings in shares of Vertiv by 147.9% in the third quarter. QRG Capital Management Inc. now owns 24,787 shares of the company’s stock worth $2,466,000 after buying an additional 14,787 shares during the period. Finally, Catalyst Capital Advisors LLC bought a new stake in shares of Vertiv during the 3rd quarter worth approximately $1,063,000. 89.92% of the stock is owned by hedge funds and other institutional investors.

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.