Vertiv Target of Unusually High Options Trading (NYSE:VRT)

Vertiv Holdings Co (NYSE:VRT) saw some unusual options trading on Friday. Stock investors purchased 42,410 call options on the stock. This is an increase of approximately 24% compared to the typical daily volume of 34,189 call options.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on VRT shares. UBS Group initiated coverage on shares of Vertiv in a research note on Wednesday, November 13th. They set a “buy” rating and a $155.00 price target on the stock. Jefferies Financial Group initiated coverage on shares of Vertiv in a report on Monday, October 7th. They issued a “buy” rating and a $125.00 price target for the company. TD Cowen boosted their price objective on Vertiv from $115.00 to $141.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Mizuho raised their price objective on Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Finally, Morgan Stanley began coverage on Vertiv in a report on Monday, January 6th. They issued an “overweight” rating and a $150.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Vertiv currently has a consensus rating of “Moderate Buy” and an average price target of $139.36.

Insider Activity at Vertiv

In other Vertiv news, Director Jakki L. Haussler sold 15,347 shares of Vertiv stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $137.38, for a total value of $2,108,370.86. Following the sale, the director now owns 3,425 shares of the company’s stock, valued at $470,526.50. The trade was a 81.75 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Anand Sanghi sold 30,914 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $141.46, for a total value of $4,373,094.44. Following the transaction, the insider now owns 19,448 shares of the company’s stock, valued at $2,751,114.08. This represents a 61.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 171,527 shares of company stock valued at $23,105,682. 5.01% of the stock is owned by company insiders.

Hedge Funds Weigh In On Vertiv

A number of hedge funds have recently added to or reduced their stakes in the stock. Global Retirement Partners LLC grew its position in shares of Vertiv by 14.0% during the 4th quarter. Global Retirement Partners LLC now owns 17,820 shares of the company’s stock worth $2,025,000 after buying an additional 2,193 shares in the last quarter. Convergence Investment Partners LLC grew its holdings in Vertiv by 104.6% during the 4th quarter. Convergence Investment Partners LLC now owns 14,630 shares of the company’s stock worth $1,662,000 after acquiring an additional 7,480 shares in the last quarter. Venturi Wealth Management LLC grew its holdings in Vertiv by 683.9% during the 4th quarter. Venturi Wealth Management LLC now owns 5,244 shares of the company’s stock worth $596,000 after acquiring an additional 4,575 shares in the last quarter. D.A. Davidson & CO. increased its position in Vertiv by 5.9% during the 4th quarter. D.A. Davidson & CO. now owns 4,784 shares of the company’s stock valued at $544,000 after purchasing an additional 265 shares during the period. Finally, Truist Financial Corp raised its holdings in shares of Vertiv by 51.2% in the 4th quarter. Truist Financial Corp now owns 66,578 shares of the company’s stock valued at $7,564,000 after purchasing an additional 22,544 shares in the last quarter. 89.92% of the stock is currently owned by institutional investors.

Vertiv Trading Up 2.2 %

Shares of NYSE:VRT traded up $2.54 on Friday, hitting $117.14. 11,187,055 shares of the company’s stock were exchanged, compared to its average volume of 10,607,185. The stock has a market capitalization of $43.97 billion, a price-to-earnings ratio of 78.10, a price-to-earnings-growth ratio of 0.86 and a beta of 1.63. Vertiv has a 12 month low of $55.00 and a 12 month high of $155.84. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02. The business’s 50 day simple moving average is $126.08 and its two-hundred day simple moving average is $105.81.

Vertiv Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd were issued a dividend of $0.0375 per share. This is a positive change from Vertiv’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $0.15 dividend on an annualized basis and a yield of 0.13%. Vertiv’s dividend payout ratio (DPR) is presently 6.67%.

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.