Vertiv Sees Unusually High Options Volume (NYSE:VRT)

Posted by on Apr 13th, 2023

Vertiv Holdings Co (NYSE:VRT – Get Rating) was the recipient of some unusual options trading on Wednesday. Traders bought 10,020 call options on the company. This represents an increase of 651% compared to the typical daily volume of 1,334 call options.

Vertiv Stock Down 2.4 %

Shares of NYSE:VRT opened at $12.25 on Thursday. The company has a debt-to-equity ratio of 2.20, a quick ratio of 1.23 and a current ratio of 1.66. The company has a market cap of $4.63 billion, a PE ratio of -244.55, a price-to-earnings-growth ratio of 0.28 and a beta of 1.43. Vertiv has a 52 week low of $7.76 and a 52 week high of $17.88. The firm has a 50 day simple moving average of $14.56 and a 200 day simple moving average of $13.81.

Vertiv (NYSE:VRT – Get Rating) last released its quarterly earnings data on Wednesday, February 22nd. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.02). Vertiv had a net margin of 1.35% and a return on equity of 14.61%. The company had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.68 billion. During the same quarter in the prior year, the company posted $0.04 EPS. The firm’s quarterly revenue was up 17.3% compared to the same quarter last year. As a group, research analysts expect that Vertiv will post 1.13 earnings per share for the current year.

Institutional Trading of Vertiv

Hedge funds have recently bought and sold shares of the stock. National Bank of Canada FI lifted its holdings in Vertiv by 488.4% during the 1st quarter. National Bank of Canada FI now owns 228,500 shares of the company’s stock valued at $3,270,000 after purchasing an additional 189,665 shares during the last quarter. Exchange Traded Concepts LLC acquired a new stake in Vertiv in the 1st quarter valued at about $2,014,000. Tuttle Capital Management LLC acquired a new stake in Vertiv in the 1st quarter valued at about $145,000. Natixis acquired a new stake in Vertiv in the 4th quarter valued at about $93,000. Finally, Point72 Middle East FZE acquired a new stake in Vertiv in the 4th quarter valued at about $130,000. 98.59% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft boosted their target price on Vertiv from $17.00 to $19.00 in a report on Thursday, February 23rd. Cowen upped their price objective on shares of Vertiv from $20.00 to $22.00 in a research note on Thursday, February 23rd. JPMorgan Chase & Co. raised their price target on Vertiv from $16.00 to $19.00 and gave the stock an “overweight” rating in a report on Thursday, February 23rd. Mizuho raised their price objective on shares of Vertiv from $10.00 to $13.00 and gave the company a “neutral” rating in a research report on Friday, January 13th. Finally, Citigroup lifted their target price on shares of Vertiv from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, February 23rd. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $18.38.

Vertiv Company Profile

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Vertiv Holdings Co engages in the design, manufacture, and service of critical digital infrastructure technology that powers, cools, deploys, secures and maintains electronics that process, store and transmit data. It also offers power management products, thermal management products, integrated rack systems, modular solutions, and management systems for monitoring and controlling digital infrastructure.

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