What types of shareholders hold the majority of shares in VAT Group AG (VTX: VACN)?
If you want to know who really controls VAT Group AG (VTX: VACN), then you will have to look at the composition of its share register. Institutions often own shares in larger companies, and we would expect insiders to own a noticeable percentage of smaller ones. I like to see at least a little insider ownership. As Charlie Munger said, “Show me the incentive and I’ll show you the result.
VAT Group has a market capitalization of CHF 11 billion, so it’s too big to go unnoticed. We expect institutions and retail investors to own a portion of the company. Our analysis of company ownership, below, shows that institutional investors bought the company. We can zoom in on the different ownership groups, to find out more about the TVA Group.
Consult our latest analysis for the TVA Group
What does institutional ownership tell us about the VAT group?
Institutional investors generally compare their own returns to the returns of a commonly tracked index. They therefore generally consider buying larger companies that are included in the relevant benchmark.
The TVA Group already has institutions registered in the share register. Indeed, they hold a respectable stake in the company. This implies that analysts working for these institutions have reviewed the title and appreciate it. But like everyone else, they could be wrong. It is not uncommon to see a sharp drop in the stock price if two large institutional investors attempt to sell a stock at the same time. It is therefore worth checking the trajectory of the VAT group’s previous income (below). Of course, keep in mind that there are other factors to consider as well.
We note that the hedge funds do not have a significant investment in VAT Group. Our data shows that Rudolf Maag is the largest shareholder with 10% of the shares outstanding. In comparison, the second and third shareholders hold around 4.7% and 4.6% of the capital.
Looking at our ownership data, we found that 25 of the major shareholders collectively own less than 50% of the share register, implying that no individual has a controlling stake.
Institutional ownership research is a good way to assess and filter the expected performance of a stock. The same can be achieved by studying the feelings of analysts. There are a reasonable number of analysts covering the stock, so it can be helpful to know their overall vision for the future.
Insider ownership of the TVA group
The definition of company insiders can be subjective and vary from jurisdiction to jurisdiction. Our data reflects individual insiders, capturing at least board members. The management of the company manages the company, but the CEO will report to the board of directors, even if he is a member of the board.
Insider ownership is positive when it indicates that executives think like the real owners of the company. However, strong insider ownership can also give immense power to a small group within the company. This can be negative in certain circumstances.
Our most recent data indicates that insiders own a reasonable proportion of VAT Group AG. It is very interesting to see that the insiders have a significant stake of CHF 1.1 billion in this CHF 11 billion company. Most would be happy to see the board invest alongside them. You may want to access this free chart showing recent insider trades.
General public property
The general public collectively owns 52% of the shares of the TVA Group. With this amount of ownership, retail investors can collectively play a role in decisions that affect shareholder returns, such as dividend policies and the appointment of directors. They can also exercise the power to vote on acquisitions or mergers that may not improve profitability.
I find it very interesting to see who exactly owns a company. But to really understand better, we have to take other information into account as well. To do this, you need to know the 1 warning sign we spotted with VAT Group.
Ultimately the future is the most important. You can access this free analyst forecast report for the company.
NB: The figures in this article are calculated from data for the last twelve months, which refer to the 12-month period ending on the last day of the month of date of the financial statement. This may not be consistent with the figures in the annual report for the entire year.
This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell shares and does not take into account your goals or your financial situation. Our aim is to bring you long-term, targeted analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price sensitive companies or qualitative material. Simply Wall St has no position in the mentioned stocks.
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