Mountain Pacific Investment Advisers LLC Sells 284,011 Shares of Vertiv Holdings Co. $VRT

Mountain Pacific Investment Advisers LLC lowered its stake in shares of Vertiv Holdings Co. (NYSE:VRT) by 71.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 113,670 shares of the company’s stock after selling 284,011 shares during the quarter. Vertiv accounts for 2.7% of Mountain Pacific Investment Advisers LLC’s investment portfolio, making the stock its 11th largest holding. Mountain Pacific Investment Advisers LLC’s holdings in Vertiv were worth $17,148,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of VRT. Financial Management Professionals Inc. grew its stake in shares of Vertiv by 1,560.0% in the 3rd quarter. Financial Management Professionals Inc. now owns 166 shares of the company’s stock worth $25,000 after acquiring an additional 156 shares in the last quarter. Promus Capital LLC bought a new position in shares of Vertiv during the second quarter valued at about $26,000. Pacer Advisors Inc. lifted its position in shares of Vertiv by 67.6% during the third quarter. Pacer Advisors Inc. now owns 171 shares of the company’s stock valued at $26,000 after purchasing an additional 69 shares in the last quarter. Avion Wealth grew its position in Vertiv by 99.1% in the 2nd quarter. Avion Wealth now owns 213 shares of the company’s stock worth $27,000 after purchasing an additional 106 shares in the last quarter. Finally, True Wealth Design LLC increased its stake in Vertiv by 54.0% in the 3rd quarter. True Wealth Design LLC now owns 194 shares of the company’s stock valued at $29,000 after buying an additional 68 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Stephen Liang sold 5,501 shares of the firm’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $170.48, for a total value of $937,810.48. Following the completion of the transaction, the executive vice president directly owned 4,050 shares of the company’s stock, valued at $690,444. This trade represents a 57.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.63% of the stock is currently owned by corporate insiders.

Vertiv Price Performance

Shares of NYSE:VRT opened at $181.49 on Thursday. The firm has a market capitalization of $69.39 billion, a PE ratio of 68.49, a P/E/G ratio of 1.05 and a beta of 2.06. The company has a quick ratio of 1.43, a current ratio of 1.83 and a debt-to-equity ratio of 0.83. The company has a 50-day moving average price of $170.15 and a two-hundred day moving average price of $156.10. Vertiv Holdings Co. has a twelve month low of $53.60 and a twelve month high of $202.45.

Vertiv (NYSE:VRT) last posted its quarterly earnings results on Wednesday, October 22nd. The company reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.25. The company had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.59 billion. Vertiv had a net margin of 10.67% and a return on equity of 50.82%. The company’s quarterly revenue was up 29.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.76 earnings per share. Equities analysts forecast that Vertiv Holdings Co. will post 3.59 EPS for the current year.

Vertiv Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Tuesday, November 25th were issued a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Tuesday, November 25th. This is a positive change from Vertiv’s previous quarterly dividend of $0.04. Vertiv’s payout ratio is presently 9.43%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on VRT. Barclays upgraded Vertiv from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $181.00 to $200.00 in a research note on Friday, January 2nd. Deutsche Bank Aktiengesellschaft set a $216.00 price objective on Vertiv and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Royal Bank Of Canada restated an “outperform” rating and issued a $200.00 price objective on shares of Vertiv in a research note on Thursday, January 15th. KGI Securities upgraded Vertiv from a “hold” rating to an “outperform” rating in a research note on Thursday, October 23rd. Finally, JPMorgan Chase & Co. reduced their price target on shares of Vertiv from $230.00 to $225.00 and set an “overweight” rating for the company in a research report on Friday, January 16th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Vertiv currently has a consensus rating of “Moderate Buy” and a consensus price target of $187.89.

About Vertiv

Vertiv is a global provider of critical digital infrastructure and continuity solutions for data centers, communication networks and commercial and industrial environments. Headquartered in Columbus, Ohio, the company designs, manufactures and services equipment and software that support power availability, thermal management and IT infrastructure management for a broad set of end markets, including hyperscale and enterprise data centers, colocation providers, telecom operators and industrial customers.

The company’s product portfolio includes uninterruptible power supplies (UPS), power distribution units (PDUs), battery and DC power systems, precision cooling and thermal management equipment, racks and enclosures, and integrated modular infrastructure.