In this article, we discuss 5 cheap value stocks to buy amid market uncertainty. If you want to read our detailed analysis of these stocks, go directly to 10 Cheap Value Stocks to Buy Amid Market Uncertainty.
5. Vontier Corporation (NYSE:VNT)
Number of Hedge Fund Holders: 31
Real-Time Share Price as of February 10: $27.59
PE Ratio: 10.76
Vontier Corporation (NYSE:VNT) makes and sells critical technical equipment. Elite hedge funds hold large stakes in the company. Among the hedge funds being tracked by Insider Monkey, New York-based investment firm Gates Capital Management is a leading shareholder in Vontier Corporation (NYSE:VNT) as of Q3 2021, with 4.4 million shares worth more than $149 million.
Some of the products and services that Vontier Corporation (NYSE:VNT) markets include environmental sensors, fueling equipment, field payment hardware, workflow software, and fleet management software solutions. It is headquartered in North Carolina.
In its Q1 2021 investor letter, Miller Value Partners, an asset management firm, highlighted a few stocks and Vontier Corporation (NYSE:VNT) was one of them. Here is what the fund said:
“We also purchased Vontier, a spin-out from Fortive, which itself was a spinout from Danaher. Danaher’s unique approach to managing its business and acquiring companies created massive value over the years. Fortive pursued the same path. Vontier uses the same business and acquisition systems and offers similar potential. Vontier’s main businesses are gas station software and hardware and auto repair tooling. The market doesn’t value it similarly to the other two companies due to near-term business headwinds from passing a regulatory-led demand surge for its equipment and concerns about electric vehicle disruption. Management has already made some smart investments in the space and we believe it will deploy the same rational capital allocation policy that drove so much value at its predecessors.”
4. NCR Corporation (NYSE:NCR)
Number of Hedge Fund Holders: 28
Real-Time Share Price as of February 10: $43.77
PE Ratio: 10.98
NCR Corporation (NYSE:NCR) provides software and related services. The company provides software that helps banks manage ATM machines. The stock has surged recently after the firm announced that it would be considering the sale of the business, a spin off, or other important strategic changes at a board meeting soon.
Top hedge funds have their eye on NCR Corporation (NYSE:NCR) as it undergoes major changes. Among the hedge funds being tracked by Insider Monkey, Connecticut-based investment firm Point72 Asset Management is a leading shareholder in NCR Corporation (NYSE:NCR), with 2.8 million shares worth more than $111 million.
3. Gates Industrial Corporation plc (NYSE:GTES)
Number of Hedge Fund Holders: 29
Real-Time Share Price as of February 10: $15.60
PE Ratio: 15.60
Gates Industrial Corporation plc (NYSE:GTES) makes and sells power transmissions. Elite hedge funds have been increasingly bullish on the stock in recent months. At the end of the third quarter of 2021, 29 hedge funds in the database of Insider Monkey held stakes worth $202 million in Gates Industrial Corporation plc (NYSE:GTES), up from 19 in the previous quarter worth $89 million.
Baird analyst Michael Halloran recently maintained an Outperform rating on Gates Industrial Corporation plc (NYSE:GTES) stock with a price target of $19, appreciating the “solid” earnings results of the firm in the fourth quarter of 2021.
2. Nokia Corporation (NYSE:NOK)
Number of Hedge Fund Holders: 22
Real-Time Share Price as of February 10: $5.76
PE Ratio: 17.47
Nokia Corporation (NYSE:NOK) provides mobile and fixed network solutions. The stock has come into increased spotlight in recent months as a major player in the 5G arena. Countries around the world have been partnering with Nokia Corporation (NYSE:NOK) to expand 5G infrastructure. The earnings of the firm have been climbing as a result.
Nokia Corporation (NYSE:NOK) is also witnessing a flurry of hedge fund activity. At the end of the third quarter of 2021, 22 hedge funds in the database of Insider Monkey held stakes worth $388 million in Nokia Corporation (NYSE:NOK), compared to 26 in the previous quarter worth $494 million.
1. EQT Corporation (NYSE:EQT)
Number of Hedge Fund Holders: 57
Real-Time Share Price as of February 10: $21.49
PE Ratio: 19.62
EQT Corporation (NYSE:EQT) operates as a natural gas production firm. Several hedge funds have turned bullish on the stock recently. At the end of the third quarter of 2021, 57 hedge funds in the database of Insider Monkey held stakes worth $838 million in EQT Corporation (NYSE:EQT), up from 43 the preceding quarter worth $468 million.
On January 14, Truist analyst Neal Dingmann maintained a Buy rating on EQT Corporation (NYSE:EQT) stock with a price target of $31, noting that oil-weighted names in the energy sector warranted higher price targets.
You can also take a peek at 10 Best Gold Stocks with Dividends and 10 Best Metal Stocks To Invest In.
