Himension Capital Singapore PTE. LTD. Sells 5,185 Shares of Vertiv Holdings Co. $VRT

Himension Capital Singapore PTE. LTD. cut its stake in shares of Vertiv Holdings Co. (NYSE:VRTFree Report) by 26.1% during the first quarter, HoldingsChannel reports. The firm owned 14,656 shares of the company’s stock after selling 5,185 shares during the quarter. Himension Capital Singapore PTE. LTD.’s holdings in Vertiv were worth $3,672,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. SFE Investment Counsel increased its position in shares of Vertiv by 1.1% during the 1st quarter. SFE Investment Counsel now owns 3,052 shares of the company’s stock valued at $765,000 after purchasing an additional 32 shares during the last quarter. Webster Bank N. A. raised its holdings in Vertiv by 6.9% during the 1st quarter. Webster Bank N. A. now owns 542 shares of the company’s stock valued at $136,000 after buying an additional 35 shares during the period. Sachetta LLC lifted its position in Vertiv by 41.4% in the first quarter. Sachetta LLC now owns 123 shares of the company’s stock worth $31,000 after buying an additional 36 shares during the last quarter. Onyx Bridge Wealth Group LLC lifted its position in Vertiv by 2.1% in the first quarter. Onyx Bridge Wealth Group LLC now owns 1,908 shares of the company’s stock worth $478,000 after buying an additional 40 shares during the last quarter. Finally, Quotient Wealth Partners LLC boosted its stake in Vertiv by 2.5% during the first quarter. Quotient Wealth Partners LLC now owns 1,813 shares of the company’s stock worth $454,000 after buying an additional 45 shares during the period. 89.92% of the stock is owned by institutional investors.

Vertiv Stock Performance

VRT stock opened at $304.73 on Wednesday. Vertiv Holdings Co. has a twelve month low of $118.70 and a twelve month high of $379.93. The firm has a market cap of $117.05 billion, a price-to-earnings ratio of 76.56, a PEG ratio of 1.26 and a beta of 2.03. The business’s fifty day simple moving average is $317.64 and its two-hundred day simple moving average is $272.03. The company has a quick ratio of 1.15, a current ratio of 1.49 and a debt-to-equity ratio of 0.69.

Vertiv (NYSE:VRTGet Free Report) last issued its earnings results on Wednesday, April 22nd. The company reported $1.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.17. The firm had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.63 billion. Vertiv had a net margin of 14.37% and a return on equity of 49.90%. The business’s revenue was up 30.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.64 earnings per share. Analysts predict that Vertiv Holdings Co. will post 6.38 earnings per share for the current year.

Vertiv Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Monday, June 15th were issued a dividend of $0.0625 per share. The ex-dividend date was Monday, June 15th. This represents a $0.25 dividend on an annualized basis and a yield of 0.1%. Vertiv’s dividend payout ratio (DPR) is presently 6.28%.

Analyst Ratings Changes

A number of research firms have weighed in on VRT. TD Cowen boosted their price objective on shares of Vertiv from $347.00 to $387.00 and gave the company a “buy” rating in a research report on Wednesday, May 20th. Glj Research upgraded shares of Vertiv from a “sell” rating to a “hold” rating in a report on Thursday, June 18th. Evercore reaffirmed an “outperform” rating and set a $425.00 price target on shares of Vertiv in a research note on Tuesday, May 12th. Loop Capital began coverage on shares of Vertiv in a report on Thursday, May 14th. They set a “buy” rating and a $500.00 price target on the stock. Finally, Weiss Ratings lowered shares of Vertiv from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, April 24th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $342.73.

Read Our Latest Research Report on Vertiv

Key Headlines Impacting Vertiv

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Vertiv Profile

(Free Report)

Vertiv is a global provider of critical digital infrastructure and continuity solutions for data centers, communication networks and commercial and industrial environments. Headquartered in Columbus, Ohio, the company designs, manufactures and services equipment and software that support power availability, thermal management and IT infrastructure management for a broad set of end markets, including hyperscale and enterprise data centers, colocation providers, telecom operators and industrial customers.

The company’s product portfolio includes uninterruptible power supplies (UPS), power distribution units (PDUs), battery and DC power systems, precision cooling and thermal management equipment, racks and enclosures, and integrated modular infrastructure.

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Institutional Ownership by Quarter for Vertiv (NYSE:VRT)

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