Mountain Pacific Investment Advisers LLC Trims Stake in Vertiv Holdings Co (NYSE:VRT)

Mountain Pacific Investment Advisers LLC lowered its holdings in Vertiv Holdings Co (NYSE:VRT - Free Report) by 2.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 426,683 shares of the company's stock after selling 9,013 shares during the period. Vertiv makes up 3.4% of Mountain Pacific Investment Advisers LLC's portfolio, making the stock its 6th biggest position. Mountain Pacific Investment Advisers LLC owned about 0.11% of Vertiv worth $48,475,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Mercer Global Advisors Inc. ADV boosted its position in Vertiv by 166.4% during the second quarter. Mercer Global Advisors Inc. ADV now owns 11,730 shares of the company's stock valued at $1,015,000 after purchasing an additional 7,327 shares during the last quarter. Amalgamated Bank increased its holdings in Vertiv by 18.2% in the second quarter. Amalgamated Bank now owns 24,195 shares of the company's stock worth $2,095,000 after buying an additional 3,734 shares during the last quarter. Blair William & Co. IL lifted its stake in Vertiv by 97.3% in 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 last quarter. Intech Investment Management LLC grew its position in Vertiv by 72.1% in 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 in the last quarter. Finally, Bridges Investment Management Inc. bought a new position in shares of Vertiv during the 2nd quarter valued at $232,000. Institutional investors and hedge funds own 89.92% of the company's stock.

Analyst Ratings Changes

VRT has been the topic of several analyst reports. UBS Group started coverage on shares of Vertiv in a research report on Wednesday, November 13th. They set a "buy" rating and a $155.00 target price on the stock. JPMorgan Chase & Co. raised their price objective on Vertiv from $124.00 to $132.00 and gave the company an "overweight" rating in a research note on Tuesday, November 19th. Citigroup increased their price target on Vertiv from $141.00 to $155.00 and gave the company a "buy" rating in a report on Monday, December 9th. Oppenheimer upped their price objective on shares of Vertiv from $121.00 to $131.00 and gave the stock an "outperform" rating in a report on Tuesday, November 19th. Finally, Bank of America lifted their target price on shares of Vertiv from $130.00 to $140.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $141.75.

Insider Buying and Selling

In other news, Director Jakki L. Haussler sold 15,347 shares of the company's stock in a transaction that occurred on Wednesday, November 20th. The shares were 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 approximately $470,526.50. This represents a 81.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Anand Sanghi sold 30,914 shares of the business's stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $141.46, for a total transaction of $4,373,094.44. Following the completion of the transaction, the insider now owns 19,448 shares of the company's stock, valued at $2,751,114.08. This trade represents a 61.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 171,527 shares of company stock worth $23,105,682 in the last 90 days. 5.01% of the stock is owned by company insiders.

Vertiv Stock Performance

Shares of VRT traded up $7.28 on Tuesday, reaching $143.16. 7,349,404 shares of the stock traded hands, compared to its average volume of 6,068,239. The stock's 50-day moving average price is $126.25 and its 200-day moving average price is $103.98. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02. The firm has a market cap of $53.73 billion, a price-to-earnings ratio of 95.44, a P/E/G ratio of 1.06 and a beta of 1.63. Vertiv Holdings Co has a 12 month low of $52.40 and a 12 month high of $145.67.

Vertiv (NYSE:VRT - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 net margin of 7.72% and a return on equity of 55.33%. The business's revenue was up 19.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.52 EPS. Equities analysts forecast that Vertiv Holdings Co will post 2.7 EPS 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 issued a $0.0375 dividend. The ex-dividend date of this dividend was Tuesday, December 3rd. This is a boost from Vertiv's previous quarterly dividend of $0.03. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.10%. Vertiv's dividend payout ratio is presently 6.67%.

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.