Fullerton Fund Management Co Ltd. Cuts Position in Vertiv Holdings Co (NYSE:VRT)

Fullerton Fund Management Co Ltd. reduced its stake in shares of Vertiv Holdings Co (NYSE:VRT) by 34.4% in the fourth quarter, HoldingsChannel reports. The firm owned 299,573 shares of the company’s stock after selling 157,044 shares during the period. Vertiv makes up approximately 1.2% of Fullerton Fund Management Co Ltd.’s investment portfolio, making the stock its 22nd largest position. Fullerton Fund Management Co Ltd.’s holdings in Vertiv were worth $34,034,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in VRT. SOA Wealth Advisors LLC. purchased a new stake in Vertiv during the fourth quarter valued at approximately $26,000. OLD Second National Bank of Aurora purchased a new position in Vertiv during the 4th quarter worth $30,000. Tradewinds Capital Management LLC increased its position in Vertiv by 61.3% during the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock valued at $33,000 after buying an additional 111 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in Vertiv in the fourth quarter valued at about $34,000. Finally, Pittenger & Anderson Inc. boosted its holdings in Vertiv by 92.0% in the fourth quarter. Pittenger & Anderson Inc. now owns 313 shares of the company’s stock worth $36,000 after acquiring an additional 150 shares in the last quarter. Institutional investors own 89.92% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on VRT shares. Barclays lowered their target price on shares of Vertiv from $100.00 to $90.00 and set an “equal weight” rating for the company in a research note on Friday, April 4th. Melius cut Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price objective for the company. in a research note on Tuesday, January 28th. Melius Research reiterated a “hold” rating and issued a $125.00 price target on shares of Vertiv in a report on Tuesday, January 28th. KGI Securities started coverage on shares of Vertiv in a research report on Thursday, April 24th. They set a “hold” rating for the company. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Vertiv from $132.00 to $100.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Five analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Vertiv has a consensus rating of “Moderate Buy” and an average price target of $120.38.

Vertiv Trading Down 1.6 %

Shares of NYSE:VRT opened at $94.17 on Friday. The business’s 50 day moving average price is $80.47 and its 200-day moving average price is $106.26. Vertiv Holdings Co has a 1 year low of $53.60 and a 1 year high of $155.84. The firm has a market capitalization of $35.89 billion, a price-to-earnings ratio of 73.57, a price-to-earnings-growth ratio of 1.07 and a beta of 1.70. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02.

Vertiv (NYSE:VRT) last announced its earnings results 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 net margin of 6.19% and a return on equity of 61.41%. The business had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter last year, the business 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, equities research analysts forecast that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were given a $0.0375 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.15 annualized dividend and a dividend yield of 0.16%. Vertiv’s dividend payout ratio (DPR) is presently 8.72%.

Insider Transactions at Vertiv

In other Vertiv news, insider Karsten Winther sold 5,500 shares of the firm’s stock in a transaction 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 transaction, the insider now owns 18,847 shares in the company, valued at approximately $1,777,837.51. This trade represents a 22.59 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 2.63% of the company’s stock.

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.