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

OVERSEA CHINESE BANKING Corp Ltd lowered its stake in shares of Vertiv Holdings Co (NYSE:VRT) by 87.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund 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 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. SOA Wealth Advisors LLC. acquired a new stake in Vertiv in the 4th quarter worth about $26,000. Mark Sheptoff Financial Planning LLC boosted its holdings in shares of Vertiv by 200.0% during the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock worth $30,000 after purchasing an additional 200 shares during the last quarter. Brooklyn Investment Group acquired a new position in shares of Vertiv during the 3rd quarter worth approximately $30,000. OLD Second National Bank of Aurora acquired a new position in shares of Vertiv during the 4th quarter worth approximately $30,000. Finally, Tradewinds Capital Management LLC boosted its holdings in shares of 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 purchasing an additional 111 shares during the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Vertiv Price Performance

VRT stock opened at $89.25 on Thursday. The firm has a 50 day moving average of $109.07 and a 200-day moving average of $111.02. Vertiv Holdings Co has a 12-month low of $62.40 and a 12-month high of $155.84. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19. The company has a market cap of $33.99 billion, a price-to-earnings ratio of 69.73, a PEG ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT) last posted its quarterly earnings results 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 net margin of 6.19% and a return on equity of 61.41%. During the same quarter in the prior year, the business posted $0.56 earnings per share. As a group, equities analysts expect that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, March 18th will be given a dividend of $0.0375 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.15 annualized dividend and a dividend yield of 0.17%. Vertiv’s dividend payout ratio is currently 11.72%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Morgan Stanley assumed coverage on Vertiv in a research report on Monday, January 6th. They issued an “overweight” rating and a $150.00 price objective for the company. Barclays lowered their price objective on Vertiv from $131.00 to $111.00 and set an “equal weight” rating for the company in a research report on Monday, March 3rd. Fox Advisors assumed coverage on Vertiv in a research report on Monday, January 6th. They issued an “equal weight” rating for the company. Citigroup increased their price objective on Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Finally, Melius Research reiterated a “hold” rating and issued a $125.00 price objective on shares of Vertiv in a research report on Tuesday, January 28th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $136.07.

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.