Mountain Pacific Investment Advisers LLC Has $29.23 Million Position in Vertiv Holdings Co (NYSE:VRT)

Mountain Pacific Investment Advisers LLC cut its holdings in Vertiv Holdings Co (NYSE:VRT - Free Report) by 5.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 404,886 shares of the company's stock after selling 21,797 shares during the quarter. Vertiv comprises approximately 2.2% of Mountain Pacific Investment Advisers LLC's holdings, making the stock its 16th largest position. Mountain Pacific Investment Advisers LLC owned about 0.11% of Vertiv worth $29,233,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Empowered Funds LLC lifted its stake in shares of Vertiv by 67.0% in the 4th quarter. Empowered Funds LLC now owns 9,180 shares of the company's stock valued at $1,043,000 after purchasing an additional 3,682 shares during the last quarter. WASHINGTON TRUST Co raised its holdings in Vertiv by 35.7% during the fourth quarter. WASHINGTON TRUST Co now owns 760 shares of the company's stock valued at $86,000 after buying an additional 200 shares in the last quarter. Peregrine Investment Management Inc. acquired a new stake in shares of Vertiv in the fourth quarter worth about $4,225,000. Seascape Capital Management boosted its stake in shares of Vertiv by 2.4% during the 4th quarter. Seascape Capital Management now owns 31,057 shares of the company's stock worth $3,528,000 after acquiring an additional 734 shares in the last quarter. Finally, bLong Financial LLC acquired a new position in shares of Vertiv during the 4th quarter valued at about $222,000. 89.92% of the stock is owned by institutional investors.

Vertiv Stock Performance

Shares of NYSE VRT opened at $110.78 on Monday. The firm has a market capitalization of $42.22 billion, a price-to-earnings ratio of 86.55, a PEG ratio of 1.07 and a beta of 1.73. Vertiv Holdings Co has a one year low of $53.60 and a one year high of $155.84. The business has a fifty day simple moving average of $94.49 and a 200 day simple moving average of $103.67. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19.

Vertiv (NYSE:VRT - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.62 by $0.02. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. The company had revenue of $2.04 billion during the quarter, compared to analysts' expectations of $1.94 billion. During the same quarter in the prior year, the company posted $0.43 EPS. The business's revenue was up 24.2% on a year-over-year basis. Sell-side analysts expect that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Increases Dividend

The business also recently announced a dividend, which will be paid on Thursday, June 26th. Stockholders of record on Tuesday, June 17th will be issued a $0.0375 dividend. The ex-dividend date is Monday, June 16th. This is a boost from Vertiv's previous dividend of $0.01. This represents a dividend yield of 0.14%. Vertiv's dividend payout ratio is presently 8.72%.

Analyst Upgrades and Downgrades

VRT has been the subject of several analyst reports. The Goldman Sachs Group boosted their target price on Vertiv from $106.00 to $122.00 and gave the stock a "buy" rating in a report on Tuesday, June 10th. KGI Securities started coverage on shares of Vertiv in a report on Thursday, April 24th. They set a "hold" rating for the company. Evercore ISI reiterated an "outperform" rating and issued a $150.00 target price (up from $100.00) on shares of Vertiv in a research note on Tuesday, May 27th. Cowen restated a "buy" rating on shares of Vertiv in a report on Thursday, April 24th. Finally, Citigroup lowered their price target on Vertiv from $153.00 to $98.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Five research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $124.69.

Insider Buying and Selling

In other Vertiv news, EVP Stephen Liang sold 43,683 shares of the company's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $115.83, for a total transaction of $5,059,801.89. Following the sale, the executive vice president now directly owns 9,551 shares of the company's stock, valued at approximately $1,106,292.33. This represents a 82.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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 transaction of $518,815.00. Following the sale, the insider now directly owns 18,847 shares of the company's stock, valued at approximately $1,777,837.51. The trade was a 22.59% decrease in their position. The disclosure for this sale can be found here. 2.63% of the stock is owned by corporate 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.

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