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What Makes Vertiv Holdings Co (VRT) a Strong Long-Term Buy?

ClearBridge Investments, an investment management company, released its “ClearBridge SMID Cap Growth Strategy” fourth quarter 2022 investor letter. A copy of the same can be downloaded here. In the fourth quarter, the strategy outperformed the Russell 2500 Growth benchmark. On an absolute basis, the strategy gained in nine of the 10 sectors it was invested in the quarter. Industrials, health care, and consumer discretionary sectors were the leading contributors while communication services detracted from the performance. In addition, please check the fund’s top five holdings to know its best picks in 2022.

ClearBridge SMID Cap Growth Strategy highlighted stocks like Vertiv Holdings Co (NYSE:VRT) in the Q4 2022 investor letter. Headquartered in Westerville, Ohio, Vertiv Holdings Co (NYSE:VRT) manufactures and services critical digital infrastructure technologies and life cycle services. On March 2, 2023, Vertiv Holdings Co (NYSE:VRT) stock closed at $15.83 per share. One-month return of Vertiv Holdings Co (NYSE:VRT) was 8.50%, and its shares gained 49.76% of their value over the last 52 weeks. Vertiv Holdings Co (NYSE:VRT) has a market capitalization of $5.978 billion.

ClearBridge SMID Cap Growth Strategy made the following comment about Vertiv Holdings Co (NYSE:VRT) in its Q4 2022 investor letter:

"Another solid contributor was Vertiv Holdings Co (NYSE:VRT), a leader in power and thermal management and related tools and systems used by data centers, enterprise and industrials customers and communication carriers globally. Vertiv continues to demonstrate a recovery from supply chain disruptions, win investor approval of its new CEO’s focus on operational improvements and generate greater free cash flow which will continue to make it a strong, long-term holding."

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internet SJR

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Vertiv Holdings Co (NYSE:VRT) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 40 hedge fund portfolios held Vertiv Holdings Co (NYSE:VRT) at the end of the fourth quarter which was 32 in the previous quarter.

We discussed Vertiv Holdings Co (NYSE:VRT) in another article and shared Baron Small Cap Fund's views on the company. In addition, please check out our hedge fund investor letters Q4 2022 page for more investor letters from hedge funds and other leading investors.

 

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Disclosure: None. This article is originally published at Insider Monkey.