Mackenzie Financial Corp Has $1.04 Million Stock Holdings in Vertiv Holdings Co (NYSE:VRT)

Mackenzie Financial Corp lifted its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 19.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 21,642 shares of the company’s stock after buying an additional 3,478 shares during the period. Mackenzie Financial Corp’s holdings in Vertiv were worth $1,039,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. First Horizon Advisors Inc. lifted its holdings in shares of Vertiv by 161.7% in the third quarter. First Horizon Advisors Inc. now owns 662 shares of the company’s stock worth $25,000 after acquiring an additional 409 shares during the last quarter. TFC Financial Management Inc. acquired a new position in shares of Vertiv during the fourth quarter worth $42,000. Clearstead Advisors LLC bought a new stake in Vertiv during the 3rd quarter worth $38,000. Huntington National Bank raised its position in Vertiv by 299.1% in the third quarter. Huntington National Bank now owns 1,329 shares of the company’s stock valued at $49,000 after purchasing an additional 996 shares during the last quarter. Finally, McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Vertiv during the fourth quarter valued at about $70,000. 89.92% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CAO Scott Cripps sold 56,594 shares of the firm’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $70.76, for a total transaction of $4,004,591.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, EVP Stephen Liang sold 306,196 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $70.24, for a total value of $21,507,207.04. Following the transaction, the executive vice president now directly owns 51,841 shares of the company’s stock, valued at approximately $3,641,311.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Scott Cripps sold 56,594 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $70.76, for a total transaction of $4,004,591.44. The disclosure for this sale can be found here. 5.62% of the stock is currently owned by corporate insiders.

Vertiv Stock Up 6.8 %

Shares of NYSE:VRT opened at $84.53 on Thursday. The firm has a market cap of $32.29 billion, a P/E ratio of 71.64, a PEG ratio of 1.21 and a beta of 1.59. Vertiv Holdings Co has a 52-week low of $12.22 and a 52-week high of $94.39. The business’s 50 day simple moving average is $75.35 and its two-hundred day simple moving average is $56.87. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.35 and a current ratio of 1.74.

Vertiv (NYSE:VRT) last announced its quarterly earnings results on Wednesday, February 21st. The company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.03. The business had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.88 billion. Vertiv had a net margin of 6.71% and a return on equity of 39.46%. Vertiv’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.28 EPS. As a group, research analysts forecast that Vertiv Holdings Co will post 2.36 EPS for the current fiscal year.

Vertiv Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Tuesday, March 19th were issued a $0.025 dividend. The ex-dividend date was Monday, March 18th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.12%. Vertiv’s dividend payout ratio is presently 8.47%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Evercore ISI raised their price objective on shares of Vertiv from $80.00 to $90.00 and gave the company an “outperform” rating in a report on Friday, April 5th. Mizuho lifted their price target on shares of Vertiv from $50.00 to $56.00 and gave the stock a “neutral” rating in a report on Thursday, February 22nd. Citigroup lifted their price objective on Vertiv from $69.00 to $102.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Bank of America raised their price target on shares of Vertiv from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Vertiv from $65.00 to $95.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $74.56.

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.