5 Best Electrical Equipment Stocks to Buy Now

Insider Monkey

In this article, we will take a look at the 5 best electrical equipment stocks to buy now. To see more such companies, go directly to 12 Best Electrical Equipment Stocks to Buy Now.

5. Vertiv Holdings Co. (NYSE:VRT)

Number of Hedge Fund Holders: 41

Vertiv Holdings Co. (NYSE:VRT) sells electrical, power and other solutions for the data center industry. These solutions include DC Power systems, PDUs, UPS systems, power control & monitoring systems, among others. Insider Monkey’s database of 943 hedge funds shows that 41 funds had stakes in Vertiv Holdings Co. (NYSE:VRT) as of the end of the first quarter of 2023. The biggest stakeholder of Vertiv Holdings Co. (NYSE:VRT) was Jeffrey Smith’s Starboard Value LP which owns a $241 million stake in the company.

For the first quarter, Vertiv Holdings Co. (NYSE:VRT)’s adjusted EPS in the period came in at $0.24 beating estimates by $0.08. Revenue in the period jumped 31% year over year to $1.52 billion, surpassing estimates by $110 million. Vertiv Holdings Co. (NYSE:VRT) also increased its full year 2023 guidance.

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.”