5 Safe Stocks to Buy in 2022 According to Seth Klarman

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In this article, we take a look at the 5 safe stocks to buy in 2022 according to Seth Klarman. If you want to check out our detailed analysis of Seth Klarman’s 13F portfolio, go straight to 10 Safe Stocks to Buy in 2022 According to Seth Klarman.

5. Veritiv Corporation (NYSE:VRTV)

Baupost Group’s Stake Value: $476 million

Percentage of Baupost Group’s Stake Value: 5.11%

Number of Hedge Fund Holders: 19

P/E Ratio: 9.9

Veritiv Corporation (NYSE:VRTV) is a consumer-staples stock. The company provides packaging and hygiene products. As of the first quarter of 2022, 19 hedge funds held a total equity of $550 million in Veritiv, with Baupost Group alone holding shares worth $476 million, making the fund the leading stakeholder in the company.

In Q3, 2021, BofA analyst, John Babcock raised his price target on Veritiv to $86, up from $72 and kept a ‘Buy’ rating on the stock.

On March 18, Veritiv announced its plan to sell its Veritiv Canada Business to Imperial Dade. The company expects to utilize net proceeds from the transaction to finance its recently announced $200 million share-buyback program as well as future growth initiatives. The deal is expected to close near the end of the second quarter.

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