Mountain Pacific Investment Advisers LLC Sells 9,013 Shares of Vertiv Holdings Co (NYSE:VRT)

Mountain Pacific Investment Advisers LLC reduced its stake in shares of Vertiv Holdings Co (NYSE:VRT) by 2.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 426,683 shares of the company’s stock after selling 9,013 shares during the period. Vertiv accounts for about 3.4% of Mountain Pacific Investment Advisers LLC’s investment portfolio, making the stock its 6th largest position. Mountain Pacific Investment Advisers LLC owned 0.11% of Vertiv worth $48,475,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Mercer Global Advisors Inc. ADV raised its stake in Vertiv by 166.4% during the second quarter. Mercer Global Advisors Inc. ADV now owns 11,730 shares of the company’s stock worth $1,015,000 after purchasing an additional 7,327 shares during the period. Amalgamated Bank boosted its holdings in Vertiv by 18.2% in the second quarter. Amalgamated Bank now owns 24,195 shares of the company’s stock valued at $2,095,000 after acquiring an additional 3,734 shares during the last quarter. Blair William & Co. IL grew its position in Vertiv by 97.3% during the second quarter. Blair William & Co. IL now owns 6,857 shares of the company’s stock valued at $594,000 after acquiring an additional 3,382 shares during the period. Intech Investment Management LLC increased its stake in Vertiv by 72.1% during the second quarter. Intech Investment Management LLC now owns 32,898 shares of the company’s stock worth $2,848,000 after acquiring an additional 13,784 shares during the last quarter. Finally, Bridges Investment Management Inc. purchased a new position in shares of Vertiv in the 2nd quarter worth about $232,000. 89.92% of the stock is owned by institutional investors and hedge funds.

Vertiv Trading Up 2.5 %

NYSE:VRT opened at $135.94 on Tuesday. Vertiv Holdings Co has a one year low of $49.67 and a one year high of $145.67. The business’s 50-day simple moving average is $126.07 and its 200 day simple moving average is $103.68. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.38. The stock has a market cap of $51.02 billion, a price-to-earnings ratio of 90.63, a price-to-earnings-growth ratio of 0.99 and a beta of 1.63.

Vertiv (NYSE:VRT) last released its earnings results on Wednesday, October 23rd. The company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.69 by $0.07. The company had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $1.98 billion. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. The business’s revenue was up 19.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.52 EPS. As a group, sell-side analysts predict that Vertiv Holdings Co will post 2.69 earnings per share for the current fiscal year.

Vertiv Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd were paid a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.11%. The ex-dividend date of this dividend was Tuesday, December 3rd. This is a positive change from Vertiv’s previous quarterly dividend of $0.03. Vertiv’s dividend payout ratio is 6.67%.

Insider Transactions at Vertiv

In related news, Director Jakki L. Haussler sold 15,347 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $137.38, for a total transaction of $2,108,370.86. Following the transaction, the director now directly owns 3,425 shares in the company, valued at $470,526.50. This trade represents a 81.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Anand Sanghi sold 30,914 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $141.46, for a total transaction of $4,373,094.44. Following the sale, the insider now owns 19,448 shares of the company’s stock, valued at approximately $2,751,114.08. The trade was a 61.38 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 171,527 shares of company stock valued at $23,105,682. Insiders own 5.01% of the company’s stock.

Analyst Ratings Changes

VRT has been the subject of a number of research reports. Bank of America boosted their target price on Vertiv from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Oppenheimer boosted their price objective on shares of Vertiv from $121.00 to $131.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Jefferies Financial Group initiated coverage on shares of Vertiv in a research note on Monday, October 7th. They issued a “buy” rating and a $125.00 target price on the stock. Evercore ISI decreased their price target on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a research report on Friday. Finally, Mizuho raised their price objective on Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $141.75.

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.