Vertiv Holdings Co (NYSE:VRT) Shares Sold by Temasek Holdings Private Ltd

Temasek Holdings Private Ltd trimmed its position in Vertiv Holdings Co (NYSE:VRT) by 62.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 210,881 shares of the company’s stock after selling 356,797 shares during the period. Temasek Holdings Private Ltd’s holdings in Vertiv were worth $23,958,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. SOA Wealth Advisors LLC. purchased a new stake in shares of Vertiv during the 4th quarter valued at approximately $26,000. OLD Second National Bank of Aurora purchased a new position in Vertiv in the fourth quarter worth approximately $30,000. Tradewinds Capital Management LLC increased its stake in Vertiv by 61.3% during the fourth 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 last quarter. Pittenger & Anderson Inc. increased its stake in Vertiv by 92.0% during the fourth quarter. Pittenger & Anderson Inc. now owns 313 shares of the company’s stock worth $36,000 after acquiring an additional 150 shares during the last quarter. Finally, Colonial Trust Co SC raised its position in Vertiv by 211.9% in the fourth quarter. Colonial Trust Co SC now owns 315 shares of the company’s stock valued at $36,000 after purchasing an additional 214 shares during the period. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Vertiv

In related news, insider Karsten Winther sold 5,500 shares of Vertiv stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $94.33, for a total value of $518,815.00. Following the completion of the transaction, the insider now owns 18,847 shares in the company, valued at $1,777,837.51. The trade was a 22.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 5.01% of the company’s stock.

Vertiv Stock Performance

Shares of VRT stock opened at $106.01 on Friday. The firm has a 50 day moving average of $82.70 and a two-hundred day moving average of $106.00. The stock has a market capitalization of $40.40 billion, a PE ratio of 82.82, a P/E/G ratio of 1.07 and a beta of 1.70. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19. Vertiv Holdings Co has a 52 week low of $53.60 and a 52 week high of $155.84.

Vertiv (NYSE:VRT) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.02. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. The business had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same period last year, the firm earned $0.43 earnings per share. The company’s revenue for the quarter was up 24.2% compared to the same quarter last year. On average, research analysts predict 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 was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were paid a $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.14%. The ex-dividend date was Tuesday, March 18th. Vertiv’s payout ratio is presently 8.72%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on VRT. Morgan Stanley lowered their price target on Vertiv from $140.00 to $125.00 and set an “overweight” rating for the company in a report on Thursday, April 24th. KGI Securities assumed coverage on shares of Vertiv in a research report on Thursday, April 24th. They issued a “hold” rating on the stock. Melius cut shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price target for the company. in a research report on Tuesday, January 28th. Roth Mkm assumed coverage on shares of Vertiv in a research note on Tuesday, April 8th. They issued a “buy” rating and a $75.00 price target on the stock. Finally, Citigroup lowered their price objective on shares of Vertiv from $153.00 to $98.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Five analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $122.06.

Vertiv 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.