OVERSEA CHINESE BANKING Corp Ltd Has $1.07 Million Holdings in Vertiv Holdings Co (NYSE:VRT)

OVERSEA CHINESE BANKING Corp Ltd reduced its stake in Vertiv Holdings Co (NYSE:VRT - Free Report) by 87.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. 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 filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. CIBC Asset Management Inc grew its position in Vertiv by 5.4% during the 3rd quarter. CIBC Asset Management Inc now owns 13,461 shares of the company's stock worth $1,339,000 after acquiring an additional 691 shares during the last quarter. Empowered Funds LLC grew its position in Vertiv by 6.5% during the 3rd quarter. Empowered Funds LLC now owns 5,498 shares of the company's stock worth $547,000 after acquiring an additional 335 shares during the last quarter. Natixis Advisors LLC grew its position in Vertiv by 59.2% during the 3rd quarter. Natixis Advisors LLC now owns 128,451 shares of the company's stock worth $12,779,000 after acquiring an additional 47,748 shares during the last quarter. Caprock Group LLC bought a new stake in Vertiv during the 3rd quarter worth approximately $409,000. Finally, Wrapmanager Inc. bought a new stake in Vertiv during the 3rd quarter worth approximately $232,000. 89.92% of the stock is currently owned by institutional investors.

Vertiv Stock Down 0.6 %

Shares of NYSE VRT traded down $0.50 during mid-day trading on Friday, hitting $88.58. The company had a trading volume of 5,238,546 shares, compared to its average volume of 8,532,631. The company has a market capitalization of $33.73 billion, a PE ratio of 69.20, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. The firm has a 50-day simple moving average of $107.46 and a two-hundred day simple moving average of $111.16. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19. Vertiv Holdings Co has a one year low of $62.40 and a one year high of $155.84.

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Vertiv (NYSE:VRT - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate 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 period in the previous year, the business posted $0.56 earnings per share. On average, equities analysts expect that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Dividend Announcement

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

Analyst Ratings Changes

VRT has been the topic of a number of research analyst reports. Melius lowered Vertiv from a "buy" rating to a "hold" rating and set a $125.00 price target on the stock. in a research report on Tuesday, January 28th. Melius Research reaffirmed a "hold" rating and set a $125.00 price objective on shares of Vertiv in a report on Tuesday, January 28th. Barclays reduced their price objective on Vertiv from $131.00 to $111.00 and set an "equal weight" rating on the stock in a report on Monday, March 3rd. Fox Advisors assumed coverage on Vertiv in a report on Monday, January 6th. They set an "equal weight" rating on the stock. Finally, Evercore ISI reduced their price objective on Vertiv from $150.00 to $145.00 and set an "outperform" rating on the stock in a report on Friday, January 17th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Vertiv has an average rating of "Moderate Buy" and a consensus 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.