Montag A & Associates Inc. Has $207,000 Stake in Vertiv Holdings Co. (NYSE:VRT)

Montag A & Associates Inc. trimmed its stake in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) by 88.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,863 shares of the company's stock after selling 21,776 shares during the period. Montag A & Associates Inc.'s holdings in Vertiv were worth $207,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Colonial Trust Co SC lifted its stake in Vertiv by 211.9% in the 4th quarter. Colonial Trust Co SC now owns 315 shares of the company's stock worth $36,000 after acquiring an additional 214 shares in the last quarter. Ameriflex Group Inc. purchased a new stake in Vertiv in the 4th quarter worth about $37,000. TD Private Client Wealth LLC increased its position in Vertiv by 150.7% in the 4th quarter. TD Private Client Wealth LLC now owns 371 shares of the company's stock worth $42,000 after purchasing an additional 223 shares during the last quarter. BNP Paribas acquired a new position in Vertiv in the 4th quarter worth about $45,000. Finally, North Star Investment Management Corp. increased its position in Vertiv by 4,120.0% in the 1st quarter. North Star Investment Management Corp. now owns 422 shares of the company's stock worth $30,000 after purchasing an additional 412 shares during the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.

Vertiv Stock Performance

Shares of VRT stock traded up $0.76 during mid-day trading on Thursday, reaching $130.95. The stock had a trading volume of 2,656,814 shares, compared to its average volume of 9,409,059. The firm's 50 day simple moving average is $117.46 and its 200 day simple moving average is $104.31. The company has a quick ratio of 1.28, a current ratio of 1.72 and a debt-to-equity ratio of 1.09. Vertiv Holdings Co. has a one year low of $53.60 and a one year high of $155.84. The firm has a market cap of $49.91 billion, a PE ratio of 76.15, a P/E/G ratio of 1.24 and a beta of 1.75.

Vertiv (NYSE:VRT - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $0.64 EPS for the quarter, topping analysts' consensus estimates of $0.62 by $0.02. The company had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.94 billion. Vertiv had a return on equity of 56.01% and a net margin of 7.92%. The company's quarterly revenue was up 24.2% on a year-over-year basis. During the same quarter last year, the company earned $0.43 EPS. On average, analysts forecast that Vertiv Holdings Co. will post 3.59 EPS for the current year.

Vertiv Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, June 26th. Investors of record on Tuesday, June 17th were given a dividend of $0.0375 per share. This represents a dividend yield of 0.14%. The ex-dividend date of this dividend was Monday, June 16th. This is an increase from Vertiv's previous dividend of $0.01. Vertiv's dividend payout ratio (DPR) is 8.72%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Roth Capital raised Vertiv to a "strong-buy" rating in a research report on Monday, April 7th. Evercore ISI reaffirmed an "outperform" rating on shares of Vertiv in a research report on Thursday, July 10th. Cowen reaffirmed a "buy" rating on shares of Vertiv in a research report on Thursday, April 24th. Barclays upped their target price on Vertiv from $90.00 to $110.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 9th. Finally, JPMorgan Chase & Co. increased their price objective on Vertiv from $100.00 to $127.00 and gave the company an "overweight" rating in a report on Friday, May 16th. Three analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Buy" and a consensus price target of $136.76.

Insider Activity at Vertiv

In related news, EVP Stephen Liang sold 43,683 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $115.83, for a total transaction of $5,059,801.89. Following the completion of the transaction, the executive vice president owned 9,551 shares in the company, valued at $1,106,292.33. This trade represents a 82.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Karsten Winther sold 5,500 shares of the firm's stock in a transaction that occurred 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 owned 18,847 shares of the company's stock, valued at $1,777,837.51. This trade represents a 22.59% decrease in their position. The disclosure for this sale can be found here. 2.63% of the stock is owned by company insiders.

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.