5 Stocks to Sell Now According to Javier Velazquez’s Albar Capital

3. Dow Inc. (NYSE:DOW)

Albar Capital’s Stake Value in Q1 2022: $7.2 million

Percentage of Albar Capital’s 13F Portfolio In Q1 2022: 3.01%

Number of Hedge Fund Holders: 45

Dow Inc. (NYSE:DOW) is an American materials science company that provides a host of products such as polymers, rubbers, and oxides. It is headquartered in Midland, Michigan.

Albar Capital owned 113,576 Dow Inc. (NYSE:DOW) shares as part of its Q1 2022 holdings, which let it hold a $7.2 million stake in the company. In the succeeding quarter, the company would sell this stake, while 45 of the 895 hedge funds part of Insider Monkey’s research would still have held on to Dow Inc. (NYSE:DOW)’s shares.

Dow Inc. (NYSE:DOW)’s shares have bled on the stock market this year, with the price down a staggering 24% year to date. However, the company has a fortress balance sheet in the form of $2.4 billion in cash and available liquidity of $12.2 billion. Citi lowered the company’s share price target to $49 from $56 in September 2022, stating that production and logistics constraints will weigh on the income statement.

Dow Inc. (NYSE:DOW)’s largest investor in our database is Richard S. Pzena’s Pzena Investment Management which owns 6.2 million shares that are worth $323 million.