OVERSEA CHINESE BANKING Corp Ltd Sells 63,693 Shares of Vertiv Holdings Co (NYSE:VRT)

OVERSEA CHINESE BANKING Corp Ltd lessened its stake in shares of Vertiv Holdings Co (NYSE:VRT) by 87.2% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 9,384 shares of the company’s stock after selling 63,693 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Vertiv were worth $1,067,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Xponance Inc. grew its holdings in Vertiv by 10.1% during the fourth quarter. Xponance Inc. now owns 68,683 shares of the company’s stock valued at $7,803,000 after purchasing an additional 6,322 shares during the period. Generali Asset Management SPA SGR bought a new position in shares of Vertiv in the fourth quarter worth about $100,000. Horizon Investments LLC boosted its stake in shares of Vertiv by 21.9% in the fourth quarter. Horizon Investments LLC now owns 1,787 shares of the company’s stock worth $203,000 after acquiring an additional 321 shares during the period. Petra Financial Advisors Inc. boosted its stake in shares of Vertiv by 2.2% in the fourth quarter. Petra Financial Advisors Inc. now owns 5,479 shares of the company’s stock worth $623,000 after acquiring an additional 119 shares during the period. Finally, Axxcess Wealth Management LLC boosted its stake in shares of Vertiv by 7.9% in the fourth quarter. Axxcess Wealth Management LLC now owns 7,964 shares of the company’s stock worth $905,000 after acquiring an additional 580 shares during the period. Institutional investors own 89.92% of the company’s stock.

Vertiv Trading Up 5.4 %

Shares of VRT stock opened at $89.25 on Thursday. Vertiv Holdings Co has a 1 year low of $62.40 and a 1 year high of $155.84. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02. The stock’s 50 day simple moving average is $109.07 and its two-hundred day simple moving average is $111.02. The company has a market cap of $33.99 billion, a PE ratio of 69.73, a price-to-earnings-growth 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 (EPS) for the quarter, beating analysts’ consensus estimates 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 prior year, the firm earned $0.56 EPS. Research analysts predict that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th will be issued a $0.0375 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.15 annualized dividend and a dividend yield of 0.17%. Vertiv’s payout ratio is 11.72%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Melius lowered Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price objective for the company. in a research note on Tuesday, January 28th. Barclays dropped their price objective on Vertiv from $131.00 to $111.00 and set an “equal weight” rating for the company in a research note on Monday, March 3rd. Melius Research reaffirmed a “hold” rating and issued a $125.00 price objective on shares of Vertiv in a research note on Tuesday, January 28th. Citigroup upped their price objective on Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Finally, Morgan Stanley started coverage on Vertiv in a research note on Monday, January 6th. They issued an “overweight” rating and a $150.00 price objective for the company. Four investment 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.com, the company has a consensus rating of “Moderate Buy” and an average price target of $136.07.

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.