Mountain Pacific Investment Advisers Inc. ID Sells 85,083 Shares of Vertiv Holdings Co (NYSE:VRT)

Mountain Pacific Investment Advisers Inc. ID trimmed its stake in shares of Vertiv Holdings Co (NYSE:VRT) by 6.8% during the 4th quarter, Holdings Channel reports. The fund owned 1,168,674 shares of the company’s stock after selling 85,083 shares during the quarter. Vertiv makes up about 3.5% of Mountain Pacific Investment Advisers Inc. ID’s investment portfolio, making the stock its 8th largest position. Mountain Pacific Investment Advisers Inc. ID’s holdings in Vertiv were worth $56,131,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VRT. Simon Quick Advisors LLC grew its holdings in Vertiv by 1.0% in the fourth quarter. Simon Quick Advisors LLC now owns 20,065 shares of the company’s stock valued at $964,000 after purchasing an additional 205 shares during the period. Hanseatic Management Services Inc. lifted its position in shares of Vertiv by 0.8% in the third quarter. Hanseatic Management Services Inc. now owns 29,541 shares of the company’s stock valued at $1,099,000 after acquiring an additional 246 shares in the last quarter. Global Retirement Partners LLC lifted its position in shares of Vertiv by 30.0% in the third quarter. Global Retirement Partners LLC now owns 1,588 shares of the company’s stock valued at $61,000 after acquiring an additional 366 shares in the last quarter. First Horizon Advisors Inc. lifted its position in shares of Vertiv by 161.7% in the third quarter. First Horizon Advisors Inc. now owns 662 shares of the company’s stock valued at $25,000 after acquiring an additional 409 shares in the last quarter. Finally, Xponance Inc. lifted its position in shares of Vertiv by 2.9% in the fourth quarter. Xponance Inc. now owns 14,984 shares of the company’s stock valued at $720,000 after acquiring an additional 426 shares in the last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on VRT. Mizuho raised their target price on Vertiv from $56.00 to $95.00 and gave the company a “neutral” rating in a research report on Friday. Evercore ISI raised their target price on Vertiv from $90.00 to $95.00 and gave the company an “outperform” rating in a research report on Thursday. Citigroup lifted their price objective on Vertiv from $102.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday. JPMorgan Chase & Co. lifted their price objective on Vertiv from $95.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Oppenheimer lifted their price objective on Vertiv from $96.00 to $98.00 and gave the stock an “outperform” rating in a research report on Thursday. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Vertiv has a consensus rating of “Moderate Buy” and an average target price of $81.11.

Vertiv Price Performance

VRT stock opened at $93.49 on Friday. The business has a fifty day moving average of $76.51 and a two-hundred day moving average of $57.47. The company has a quick ratio of 1.35, a current ratio of 1.74 and a debt-to-equity ratio of 1.45. The stock has a market cap of $35.71 billion, a price-to-earnings ratio of 89.89, a price-to-earnings-growth ratio of 1.37 and a beta of 1.59. Vertiv Holdings Co has a 52-week low of $13.73 and a 52-week high of $95.32.

Vertiv (NYSE:VRT) last posted its earnings results on Wednesday, April 24th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.06. The company had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.62 billion. Vertiv had a return on equity of 42.43% and a net margin of 5.79%. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.24 earnings per share. As a group, research analysts anticipate that Vertiv Holdings Co will post 2.31 earnings per share for the current year.

Vertiv Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Tuesday, March 19th were paid a $0.025 dividend. The ex-dividend date of this dividend was Monday, March 18th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.11%. Vertiv’s payout ratio is presently 9.62%.

Insider Activity

In other news, CAO Scott Cripps sold 56,594 shares of Vertiv stock in a transaction on Friday, March 8th. The stock was sold at an average price of $70.76, for a total value of $4,004,591.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Stephen Liang sold 306,196 shares of the business’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $70.24, for a total transaction of $21,507,207.04. Following the completion of the transaction, the executive vice president now directly owns 51,841 shares of the company’s stock, valued at approximately $3,641,311.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Scott Cripps sold 56,594 shares of the business’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $70.76, for a total value of $4,004,591.44. The disclosure for this sale can be found here. Insiders own 5.62% of the company’s stock.

Vertiv Profile

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.