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. Investors acquired 53,036 put options on the stock. This is an increase of 21% compared to the average daily volume of 43,792 put options.

Wall Street Analyst Weigh In

VRT has been the topic of a number of recent analyst reports. Barclays decreased their price target on Vertiv from $111.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Morgan Stanley initiated coverage on shares of Vertiv in a report on Monday, January 6th. They issued an “overweight” rating and a $150.00 target price on the stock. Melius lowered shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price target on the stock. in a research report on Tuesday, January 28th. Melius Research restated a “hold” rating and set a $125.00 price objective on shares of Vertiv in a research report on Tuesday, January 28th. Finally, Royal Bank of Canada started coverage on Vertiv in a report on Friday, March 7th. They issued an “outperform” rating and a $121.00 target price on the stock. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $135.33.

Vertiv Stock Down 6.3 %

NYSE:VRT opened at $76.44 on Friday. 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. The firm’s 50 day simple moving average is $103.98 and its 200 day simple moving average is $111.23. The company has a market cap of $29.11 billion, a PE ratio of 59.72, a P/E/G ratio of 1.07 and a beta of 1.71.

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 net margin of 6.19% and a return on equity of 61.41%. During the same period in the previous year, the business earned $0.56 EPS. On average, research analysts anticipate that Vertiv will post 3.59 earnings per share for the current year.

Vertiv Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 18th were paid a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.20%. The ex-dividend date was Tuesday, March 18th. Vertiv’s dividend payout ratio is currently 11.72%.

Institutional Trading of Vertiv

Several institutional investors have recently added to or reduced their stakes in the stock. SOA Wealth Advisors LLC. acquired a new position in shares of Vertiv in the 4th quarter worth approximately $26,000. Mark Sheptoff Financial Planning LLC raised its stake in Vertiv by 200.0% during the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock worth $30,000 after buying an additional 200 shares during the last quarter. Brooklyn Investment Group acquired a new position in Vertiv in the third quarter valued at $30,000. OLD Second National Bank of Aurora bought a new stake in Vertiv during the fourth quarter valued at $30,000. Finally, Tradewinds Capital Management LLC grew its holdings in Vertiv by 61.3% during the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock worth $33,000 after acquiring an additional 111 shares during the period. 89.92% of the stock is currently owned by institutional investors.

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.