5 Most Undervalued Industrial Stocks To Buy According To Hedge Funds

In this piece, we will take a look at the five most undervalued industrial stocks to buy according to hedge funds. If you want to find out all the recent developments in the industrial sector, then take a look at 14 Most Undervalued Industrial Stocks To Buy According To Hedge Funds.

5. CNH Industrial N.V. (NYSE:CNHI)

Number of Hedge Fund Investors In Q3 2023: 29

Latest P/E Ratio: 5.99

CNH Industrial N.V. (NYSE:CNHI) is one of the biggest agricultural and construction equipment manufacturers in the world. The firm’s third quarter results saw it lower its 2023 revenue guidance on the back of soft demand in South America.

Insider Monkey’s Q3 2023 survey covering 910 hedge funds revealed that 29 had bought and owned CNH Industrial N.V. (NYSE:CNHI)’s shares. Natixis Global Asset Management’s Harris Associates was the firm’s largest hedge fund shareholder due to its $1.5 billion investment.

4. Avis Budget Group, Inc. (NASDAQ:CAR)

Number of Hedge Fund Investors In Q3 2023: 30

Latest P/E Ratio: 3.99

Avis Budget Group, Inc. (NASDAQ:CAR) is an American company that provides cars and trucks for rent. November was an eventful month for the firm, as not only did it share its third quarter earnings results but also underwent a management shakeup which saw it appoint a new chairman and a new chief financial officer.

As of September 2023 end, 30 out of the 910 hedge funds profiled by Insider Monkey had held a stake in the company. Avis Budget Group, Inc. (NASDAQ:CAR)’s biggest investor among these is Karthik Sarma’s SRS Investment Management as it owns $3.1 billion worth of shares.

3. American Airlines Group Inc. (NASDAQ:AAL)

Number of Hedge Fund Investors In Q3 2023: 33

Latest P/E Ratio: 5.07

American Airlines Group Inc. (NASDAQ:AAL) is one of the largest U.S. based airlines with close to a thousand aircraft in its fleet. A resurgence in global travel coupled with high prices has helped the firm on the financial front as it has beaten analyst EPS estimates in three out of its four latest quarters.

Insider Monkey scoured through 910 hedge fund portfolios for this year’s third quarter and found 33 American Airlines Group Inc. (NASDAQ:AAL) investors. Jim Simons’ Renaissance Technologies owned the largest stake which came through 22.4 million shares that were worth $287 million.

2. United Airlines Holdings, Inc. (NASDAQ:UAL)

Number of Hedge Fund Investors In Q3 2023: 34

Latest P/E Ratio: 4.52

United Airlines Holdings, Inc. (NASDAQ:UAL) is another large American airline. Like American Airlines, it has been performing well and has beaten analyst EPS estimates in all four of its latest quarters.

During 2023’s September quarter, 34 out of the 910 hedge funds profiled by Insider Monkey had invested in the company. United Airlines Holdings, Inc. (NASDAQ:UAL)’s biggest hedge fund investor is Dmitry Balyasny’s Balyasny Asset Management through its $130 million stake.

1. Hertz Global Holdings, Inc. (NASDAQ:HTZ)

Number of Hedge Fund Investors In Q3 2023: 42

Latest P/E Ratio: 3.03

Hertz Global Holdings, Inc. (NASDAQ:HTZ) is a car rental company headquartered in Estero, Florida. The firm’s decision to use Teslas for its EV portfolio is all that the media can talk about these days, as a Tesla price reduction hit Hertz Global Holdings, Inc. (NASDAQ:HTZ)’s fleet value and affected its profits.

42 out of the 910 hedge funds part of Insider Monkey’s Q3 2023 database had bought and owned Hertz Global Holdings, Inc. (NASDAQ:HTZ)’s shares. Tom Wagner and Ara Cohen’s Knighthead Capital was the largest shareholder due to its $2.2 billion investment.

Disclosure: None. You can also take a look at 11 Cheapest Stocks With Biggest Upside and 11 Best Cheap Stocks To Buy For Long Term.

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