Temasek Holdings Private Ltd Lowers Position in Vertiv Holdings Co (NYSE:VRT)

Temasek Holdings Private Ltd cut its position in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 62.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 210,881 shares of the company's stock after selling 356,797 shares during the period. Temasek Holdings Private Ltd owned approximately 0.06% of Vertiv worth $23,958,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of VRT. SOA Wealth Advisors LLC. purchased a new position in Vertiv in the fourth quarter worth about $26,000. OLD Second National Bank of Aurora purchased a new position in Vertiv in the 4th quarter worth about $30,000. Tradewinds Capital Management LLC increased its position in shares of 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 period. Pittenger & Anderson Inc. increased its holdings in Vertiv by 92.0% during the 4th quarter. Pittenger & Anderson Inc. now owns 313 shares of the company's stock worth $36,000 after purchasing an additional 150 shares during the period. Finally, Colonial Trust Co SC increased its stake in shares of Vertiv by 211.9% during the fourth quarter. Colonial Trust Co SC now owns 315 shares of the company's stock valued at $36,000 after buying an additional 214 shares during the period. 89.92% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

Analyst Ratings Changes

A number of brokerages recently commented on VRT. Citigroup reduced their price objective on shares of Vertiv from $153.00 to $98.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Roth Capital upgraded Vertiv to a "strong-buy" rating in a research note on Monday, April 7th. The Goldman Sachs Group decreased their target price on shares of Vertiv from $135.00 to $85.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Barclays decreased their price target on Vertiv from $100.00 to $90.00 and set an "equal weight" rating for the company in a report on Friday, April 4th. Finally, Roth Mkm initiated coverage on Vertiv in a research note on Tuesday, April 8th. They issued a "buy" rating and a $75.00 price target for the company. Five equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Vertiv presently has an average rating of "Moderate Buy" and an average target price of $122.06.

Vertiv Stock Up 0.6%

NYSE VRT opened at $106.01 on Friday. The business has a fifty day moving average price of $82.70 and a 200 day moving average price of $106.00. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. The company has a market cap of $40.40 billion, a P/E ratio of 82.82, a P/E/G ratio of 1.07 and a beta of 1.70. Vertiv Holdings Co has a one year low of $53.60 and a one year high of $155.84.

Vertiv (NYSE:VRT - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The company reported $0.64 EPS for the quarter, beating analysts' consensus estimates of $0.62 by $0.02. The business had revenue of $2.04 billion during the quarter, compared to analysts' expectations of $1.94 billion. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. The company's quarterly revenue was up 24.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.43 earnings per share. Research analysts anticipate that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th were issued a $0.0375 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a yield of 0.14%. Vertiv's payout ratio is 8.72%.

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.

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