5 Cheap ESG Stocks To Invest In

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1. Mohawk Industries, Inc. (NYSE:MHK)

Number of Hedge Fund Holders: 44  

PE Ratio: 3.55   

Mohawk Industries, Inc. (NYSE:MHK) recently posted earnings for the third quarter, reporting earnings per share of $3.95, beating predictions by $0.15. The revenue over the period was $2.8 billion, up more than 9% year-on-year. The increase in oil and gas prices in recent weeks has resulted in higher transportation costs for the firm. Coupled with demand problems, the share price has pulled back in the past few days. 

Mohawk Industries, Inc. (NYSE:MHK) makes and sells flooring products. As part of an ESG initiative, the company also offers sustainable carpeting and flooring options. The company also aims to offset energy used to make products by installing solar units in remote communities. 

Among the hedge funds being tracked by Insider Monkey, New York-based investment firm Pzena Investment Management  is a leading shareholder in Mohawk Industries, Inc. (NYSE:MHK) with 1.6 million shares worth more than $308 million. 

You can also take a peek at 10 Companies that Benefit From Crypto Mining and 15 Best Strong Buy Stocks to Invest In.

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