5 Overlooked Large-Cap Stocks with Cheap Multiples

In this piece, we will take a look at five overlooked large-cap stocks with cheap multiples. For more stocks, head on over to 10 Overlooked Large-Cap Stocks with Cheap Multiples.

5. Westlake Corporation (NYSE:WLK)

Number of Hedge Fund Investors in Q4 2022: 27

Westlake Corporation (NYSE:WLK) is a chemicals company that operates out of Houston, Texas. The firm makes and sells petroleum derivative products and other chemical compounds to a variety of industries such as construction companies, healthcare firms, and wind turbine blade manufacturers, among others.

By the end of last year’s fourth quarter, 27 of the 943 hedge funds part of Insider Monkey’s database had held a stake in Westlake Corporation (NYSE:WLK). Out of these, the firm’s largest investor is Eric W. Mandelblatt’s Soroban Capital Partners which owns two million shares that are worth $207 million.

4. Principal Financial Group, Inc. (NASDAQ:PFG)

Number of Hedge Fund Investors in Q4 2022: 25

Principal Financial Group, Inc. (NASDAQ:PFG) is a financial services firm that is based in Des Moines, Iowa. It provides a variety of financial products such as pension plans, employee stock ownership plans, mutual funds, asset management services, and insurance.

25 of the 943 hedge funds profiled by Insider Monkey had invested in the financial services firm during Q4 2022. Principal Financial Group, Inc. (NASDAQ:PFG)’s largest hedge fund shareholder is Cliff Asness’s AQR Capital Management since owns 295,654 shares that are worth $24 million.

3. U-Haul Holding Company (NYSE:UHAL)

Number of Hedge Fund Investors in Q4 2022: 22

U-Haul Holding Company (NYSE:UHAL) is a moving and storage firm that operates out of Reno, Nevada. The firm provides these services to both household and commercial customers. It has hundreds of thousands of vehicles and almost two thousand storage spaces in its portfolio.

As of December 2022, 22 of the 943 hedge funds surveyed by Insider Monkey had held U-Haul Holding Company (NYSE:UHAL)’s shares. Donald Yacktman’s Yacktman Asset Management is the firm’s largest investor through a $369 million stake that comes via 6.7 million shares.

2. MPLX LP (NYSE:MPLX)

Number of Hedge Fund Investors in Q4 2022: 7

MPLX LP (NYSE:MPLX) is an energy company headquartered in Findlay, Ohio. The company is a midstream firm that transports and stores petroleum products. It has facilities all over America.

By the end of last year’s fourth quarter, seven of the 943 hedge funds part of Insider Monkey’s database had invested in the company. Out of these, MPLX LP (NYSE:MPLX)’s largest investor is Henry Breck’s Heronetta Management which owns 460,533 shares that are worth $15.1 million.

1. Western Midstream Partners, LP (NYSE:WES)

Number of Hedge Fund Investors in Q4 2022: 6

Western Midstream Partners, LP (NYSE:WES) is another energy company. It is headquartered in The Woodlands, Texas, and is a midstream firm.

Six of the 943 hedge funds profiled by Insider Monkey had bought Western Midstream Partners, LP (NYSE:WES)’s shares during Q4 2022. Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital is the company’s largest investor with a $19.1 million stake.

Disclosure: None. You can also take a look at  15 Biggest Retirement Communities in the World and 12 Best Low-Priced Technology Stocks To Invest In.

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