Mountain Pacific Investment Advisers LLC Sells 21,797 Shares of Vertiv Holdings Co. (NYSE:VRT)

Mountain Pacific Investment Advisers LLC lessened its stake in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) by 5.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 404,886 shares of the company's stock after selling 21,797 shares during the quarter. Vertiv accounts for 2.2% of Mountain Pacific Investment Advisers LLC's investment portfolio, making the stock its 16th biggest position. Mountain Pacific Investment Advisers LLC owned 0.11% of Vertiv worth $29,233,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. North Star Investment Management Corp. lifted its stake in shares of Vertiv by 4,120.0% in the first quarter. North Star Investment Management Corp. now owns 422 shares of the company's stock worth $30,000 after acquiring an additional 412 shares in the last quarter. Tradewinds Capital Management LLC lifted its stake in shares of Vertiv by 61.3% in the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company's stock worth $33,000 after acquiring an additional 111 shares in the last quarter. Pittenger & Anderson Inc. lifted its stake in shares of Vertiv by 92.0% in the fourth quarter. Pittenger & Anderson Inc. now owns 313 shares of the company's stock worth $36,000 after acquiring an additional 150 shares in the last quarter. Colonial Trust Co SC lifted its stake in shares of Vertiv by 211.9% in the fourth 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. Finally, Ameriflex Group Inc. acquired a new position in shares of Vertiv in the fourth quarter worth about $37,000. Institutional investors and hedge funds own 89.92% of the company's stock.

Analyst Upgrades and Downgrades

VRT has been the subject of several research analyst reports. Barclays lowered their price objective on Vertiv from $100.00 to $90.00 and set an "equal weight" rating for the company in a report on Friday, April 4th. The Goldman Sachs Group boosted their price objective on Vertiv from $106.00 to $122.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. Cowen reissued a "buy" rating on shares of Vertiv in a report on Thursday, April 24th. Royal Bank Of Canada assumed coverage on Vertiv in a report on Friday, March 7th. They issued an "outperform" rating and a $121.00 price objective for the company. Finally, JPMorgan Chase & Co. upped their target price on Vertiv from $100.00 to $127.00 and gave the company an "overweight" rating in a report on Friday, May 16th. Five research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Vertiv has a consensus rating of "Moderate Buy" and a consensus price target of $126.69.

Insider Transactions at Vertiv

In other Vertiv news, insider Karsten Winther sold 5,500 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $94.33, for a total value of $518,815.00. Following the transaction, the insider now directly owns 18,847 shares of the company's stock, valued at approximately $1,777,837.51. This trade represents a 22.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Stephen Liang sold 43,683 shares of the firm's stock in a transaction that occurred on 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 completion of the transaction, the executive vice president now directly owns 9,551 shares in the company, valued at approximately $1,106,292.33. The trade was a 82.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.63% of the company's stock.

Vertiv Stock Performance

VRT stock traded up $2.58 during mid-day trading on Thursday, reaching $119.19. 6,288,672 shares of the stock traded hands, compared to its average volume of 8,675,972. 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 52 week low of $53.60 and a 52 week high of $155.84. The business has a 50-day moving average of $97.38 and a two-hundred day moving average of $103.79. The firm has a market capitalization of $45.42 billion, a PE ratio of 69.30, a P/E/G ratio of 1.21 and a beta of 1.73.

Vertiv (NYSE:VRT - Get Free Report) last released its earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.02. Vertiv had a net margin of 7.92% and a return on equity of 56.01%. The business had revenue of $2.04 billion during the quarter, compared to analysts' expectations of $1.94 billion. During the same quarter last year, the company earned $0.43 earnings per share. The firm's revenue was up 24.2% on a year-over-year basis. As a group, equities analysts predict that Vertiv Holdings Co. will post 3.59 EPS for the current fiscal year.

Vertiv Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, June 26th. Stockholders of record on Tuesday, June 17th will be issued a dividend of $0.0375 per share. This is a positive change from Vertiv's previous dividend of $0.01. The ex-dividend date is Monday, June 16th. This represents a dividend yield of 0.14%. Vertiv's dividend payout ratio (DPR) is presently 8.72%.

Vertiv Company 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.