5 Stocks to Buy According to Ian Simm’s Impax Management

1. American Water Works Company, Inc. (NYSE:AWK)

Impax Management Stake Value: $941,416,000

Percentage of Impax Management’s 13F Portfolio: 3.86%

Number of Hedge Fund Holders: 28

American Water Works Company, Inc. (NYSE:AWK) and its subsidiaries provide water and wastewater services in the United States. In October, American Water Works Company, Inc. (NYSE:AWK) agreed to sell its Homeowner Services Group to Apax Partners for $1.275 billion.

In November, Goldman Sachs analyst Insoo Kim lowered American Water Works Company, Inc. (NYSE:AWK) from “Buy” to “Neutral” with a $177 price target, down from $191. According to Kim, American Water Works Company, Inc. (NYSE:AWK) sees management’s revised five-year growth plan falls short of expectations.

Among the hedge funds being tracked by Insider Monkey, Impax Asset Management held the most valuable stake in American Water Works Company, Inc. (NYSE:AWK), worth $941.42 million in the third quarter of 2021.

You can also take a peek at 12 Best 5G Stocks To Invest In Right Now and 10 Best Stocks to Invest In According to Philip Timon’s Owls Nest Partners

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