Bank of Montreal Can Has $20.10 Million Stock Position in Vertiv Holdings Co (NYSE:VRT)

Bank of Montreal Can boosted its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 30.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 204,281 shares of the company’s stock after buying an additional 47,750 shares during the quarter. Bank of Montreal Can owned approximately 0.05% of Vertiv worth $20,103,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Private Trust Co. NA increased its holdings in shares of Vertiv by 25.0% during the 3rd quarter. Private Trust Co. NA now owns 2,202 shares of the company’s stock worth $219,000 after acquiring an additional 440 shares during the last quarter. Horizon Kinetics Asset Management LLC acquired a new position in shares of Vertiv in the third quarter valued at $1,525,000. Mirabella Financial Services LLP bought a new position in shares of Vertiv in the third quarter valued at about $4,343,000. Blue Whale Capital LLP acquired a new stake in shares of Vertiv during the 3rd quarter worth about $93,481,000. Finally, Independent Advisor Alliance boosted its holdings in shares of Vertiv by 68.0% during the 3rd quarter. Independent Advisor Alliance now owns 67,743 shares of the company’s stock worth $6,740,000 after buying an additional 27,426 shares during the period. Institutional investors own 89.92% of the company’s stock.

Vertiv Stock Up 0.5 %

Shares of NYSE VRT opened at $127.62 on Friday. The stock has a market capitalization of $47.90 billion, a P/E ratio of 85.08, a PEG ratio of 1.31 and a beta of 1.58. The stock’s fifty day moving average is $114.87 and its 200 day moving average is $96.34. Vertiv Holdings Co has a 52 week low of $42.50 and a 52 week high of $145.67. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.38.

Vertiv (NYSE:VRT) last released its earnings results on Wednesday, October 23rd. The company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.69 by $0.07. Vertiv had a net margin of 7.72% and a return on equity of 55.33%. The firm had revenue of $2.07 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same period last year, the firm earned $0.52 EPS. The business’s quarterly revenue was up 19.0% compared to the same quarter last year. Sell-side analysts forecast that Vertiv Holdings Co will post 2.69 earnings per share for the current fiscal year.

Vertiv Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd will be paid a dividend of $0.0375 per share. The ex-dividend date is Tuesday, December 3rd. This is a boost from Vertiv’s previous quarterly dividend of $0.03. This represents a $0.15 annualized dividend and a yield of 0.12%. Vertiv’s dividend payout ratio is presently 6.67%.

Analyst Ratings Changes

Several equities research analysts have issued reports on VRT shares. JPMorgan Chase & Co. raised their price objective on shares of Vertiv from $124.00 to $132.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 19th. Jefferies Financial Group began coverage on Vertiv in a report on Monday, October 7th. They set a “buy” rating and a $125.00 price target for the company. UBS Group began coverage on Vertiv in a report on Wednesday, November 13th. They issued a “buy” rating and a $155.00 price objective on the stock. Bank of America increased their price objective on Vertiv from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, The Goldman Sachs Group boosted their target price on shares of Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Ten equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $138.50.

Insider Buying and Selling at Vertiv

In other Vertiv news, EVP Stephen Liang sold 86,619 shares of the business’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $131.07, for a total transaction of $11,353,152.33. Following the sale, the executive vice president now owns 19,551 shares of the company’s stock, valued at approximately $2,562,549.57. The trade was a 81.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Karsten Winther sold 44,924 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $79.99, for a total value of $3,593,470.76. Following the completion of the transaction, the insider now owns 10,542 shares of the company’s stock, valued at $843,254.58. The trade was a 80.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 216,451 shares of company stock valued at $26,699,153. 5.01% of the stock is currently owned by corporate insiders.

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.