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

Bank of Montreal Can raised its holdings in Vertiv Holdings Co (NYSE:VRT) by 30.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 204,281 shares of the company’s stock after acquiring an additional 47,750 shares during the quarter. Bank of Montreal Can’s holdings in Vertiv were worth $20,103,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Jennison Associates LLC raised its position in Vertiv by 10,825.0% during the 3rd quarter. Jennison Associates LLC now owns 4,600,415 shares of the company’s stock worth $457,695,000 after purchasing an additional 4,558,306 shares during the last quarter. Massachusetts Financial Services Co. MA acquired a new stake in shares of Vertiv in the second quarter valued at about $331,091,000. Westfield Capital Management Co. LP lifted its stake in shares of Vertiv by 1.1% in the third quarter. Westfield Capital Management Co. LP now owns 3,611,566 shares of the company’s stock worth $359,315,000 after acquiring an additional 40,696 shares during the period. Clearbridge Investments LLC boosted its holdings in Vertiv by 15.4% in the second quarter. Clearbridge Investments LLC now owns 2,553,001 shares of the company’s stock valued at $221,013,000 after acquiring an additional 340,639 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in Vertiv by 7.2% in the second quarter. Renaissance Technologies LLC now owns 2,524,112 shares of the company’s stock valued at $218,512,000 after acquiring an additional 169,700 shares during the last quarter. Institutional investors own 89.92% of the company’s stock.

Insiders Place Their Bets

In related news, Director Jakki L. Haussler sold 15,347 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $137.38, for a total transaction of $2,108,370.86. Following the completion of the sale, the director now owns 3,425 shares in the company, valued at approximately $470,526.50. This represents a 81.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Anand Sanghi sold 30,914 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $141.46, for a total value of $4,373,094.44. Following the completion of the sale, the insider now directly owns 19,448 shares of the company’s stock, valued at $2,751,114.08. The trade was a 61.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 216,451 shares of company stock valued at $26,699,153. Corporate insiders own 5.01% of the company’s stock.

Vertiv Trading Up 0.5 %

Shares of Vertiv stock opened at $127.62 on Friday. 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 Holdings Co has a 52 week low of $42.50 and a 52 week high of $145.67. The stock has a 50 day moving average price of $114.87 and a two-hundred day moving average price of $96.34. The stock has a market capitalization of $47.90 billion, a PE ratio of 85.08, a price-to-earnings-growth ratio of 1.31 and a beta of 1.58.

Vertiv (NYSE:VRT) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.07. Vertiv had a net margin of 7.72% and a return on equity of 55.33%. The business had revenue of $2.07 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same quarter in the previous year, the business posted $0.52 EPS. Vertiv’s quarterly revenue was up 19.0% on a year-over-year basis. As a group, equities analysts anticipate that Vertiv Holdings Co will post 2.69 earnings per share for the current fiscal year.

Vertiv Increases Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on VRT. Jefferies Financial Group initiated coverage on shares of Vertiv in a research note on Monday, October 7th. They issued a “buy” rating and a $125.00 price objective on the stock. JPMorgan Chase & Co. increased their price target on Vertiv from $124.00 to $132.00 and gave the stock an “overweight” rating in a report on Tuesday, November 19th. UBS Group started coverage on Vertiv in a research note on Wednesday, November 13th. They issued a “buy” rating and a $155.00 price objective on the stock. Mizuho raised their target price on Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Finally, The Goldman Sachs Group lifted their target price on Vertiv from $126.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $138.50.

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.