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

1. Ingersoll Rand Inc. (NYSE:IR)

Albar Capital’s Stake Value in Q1 2022: $26 million

Percentage of Albar Capital’s 13F Portfolio In Q1 2022: 10.89%

Number of Hedge Fund Holders: 28

Ingersoll Rand Inc. (NYSE:IR) is an American industrial company that is headquartered in Davidson, North Carolina. The firm produces a variety of industrial systems such as pumps and compression systems.

Ingersoll Rand Inc. (NYSE:IR) grew its revenue by 15% during the first half of this year, as it benefited from inflation and mergers and acquisitions. During the same time period, its net income grew by a strong 69%, even as the firm struggled due to a stronger U.S. dollar affecting its overseas sales. Baird increased its share price target to $57 from $52 in September 2022, stating that it has strong orders lined up.

Albar Capital sold off its $26 million stake in Ingersoll Rand Inc. (NYSE:IR) during the second quarter of this year. Insider Monkey’s 895 hedge fund survey covering the same time period saw 28 investors in the company.

Ingersoll Rand Inc. (NYSE:IR)’s largest investor in our database is Henry Ellenbogen’s Durable Capital Partners which owns 4.5 million shares that are worth $193 million.

Disclosure: None. You can also take a look at 10 Best Sugar Stocks To Buy and 10 Long-Term Stocks to Buy According to Billionaire Mario Gabelli.

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