In this article, we will take a look at the Top 5 Stock Picks of Frederick DiSanto’s Ancora Advisors. To read our analysis of Frederick DiSanto’s profile, investment strategy, and 13F holdings, you can go to the Top 10 Stock Picks of Frederick DiSanto’s Ancora Advisors.
5. Kohl’s Corporation (NYSE:KSS)
Ancora Advisors’ Stake Value: $63,728,000
Percentage of Ancora Advisors’ 13F Portfolio: 1.80%
Number of Hedge Fund Holders: 40
Kohl’s Corporation (NYSE:KSS) is a leading omnichannel retailer with more than 1,100 stores in 49 states. Frederick DiSanto’s Ancora Advisors’ holds 1,785,601 shares of Kohl’s Corporation (NYSE:KSS), accounting for 1.80% of its 13F portfolio, as of Q2 2022. The hedge fund increased its stake by 9% during the latest quarter, as compared to the previous one.
In August, Kohl’s Corporation (NYSE:KSS) released its financial results for the quarter ended July 30, 2022. Its total revenue decreased by 8% y-o-y to $4.1 billion, while its net income shrunk by 63% y-o-y to $143 million for the three months. The normalized EPS was recorded at $1.11 for the quarter, missing the consensus by $0.01. Its board of directors declared a quarterly cash dividend of $0.50 per common share.
On September 16, JPMorgan analyst Matthew Boss raised the price target on Kohl’s Corporation (NYSE:KSS) shares to $30 from $28 but maintained a ‘Neutral’ rating on the shares.
As of Q2 2022, 40 of the 895 hedge funds tracked by Insider Monkey held Kohl’s Corporation (NYSE:KSS) shares with a total value of $594 million. HG Vora Capital Management was its largest hedge fund shareholder with ownership of 3 million shares valued at $107 million.
4. Apple Inc. (NASDAQ:AAPL)
Ancora Advisors’ Stake Value: $84,545,000
Percentage of Ancora Advisors’ 13F Portfolio: 2.39%
Number of Hedge Fund Holders: 128
Apple Inc. (NASDAQ:AAPL) is a leading technology company focused on the designing, manufacturing, and marketing of smartphones, personal computers, tablets, wearables, and accessories, and sells a variety of related services.
Major products of Apple Inc. (NASDAQ:AAPL) include the iPhone, Mac PCs, iPad, and accessories while service offerings include Apple Care, Cloud Services, Digital Content and Payment services. iPhone sales accounted for more than half of its revenue in the last fiscal year. The company announced the launch of iPhone 14 in the first week of September which could result in a surge in the company’s revenue.
Frederick DiSanto’s Ancora Advisors’ holds 618,384 shares of Apple Inc. (NASDAQ:AAPL), accounting for 2.39% of its 13F portfolio, as of Q2 2022. The hedge fund decreased its stake by 1% during the latest quarter, as compared to the previous one.
On September 20, Evercore ISI analyst Amit Daryanani raised the price target on Apple Inc. (NASDAQ:AAPL) shares to $190 from $185, with an ‘Outperform’ rating. The analyst sees “modest unit upside” compared to low-single digit Street expectations, although average selling prices “could surprise materially”.
Apple Inc. (NASDAQ:AAPL) is among the favorites of hedge funds, with 128 of the 895 hedge funds tracked by Insider Monkey holding its shares valued at a whopping $143 billion. Warren Buffet’s Berkshire Hathaway is its biggest shareholder with ownership of 894.8 million shares valued at $122.3 billion.
3. Green Plains Inc. (NASDAQ:GPRE)
Ancora Advisors’ Stake Value: $109,602,000
Percentage of Ancora Advisors’ 13F Portfolio: 3.10%
Number of Hedge Fund Holders: 22
Omaha, Nebraska-based Green Plains Inc. (NASDAQ:GPRE) is a leading biorefining company focused on the development and utilization of fermentation, agricultural and biological technologies to process crops into sustainable value-added ingredients. It produces biofuels, renewable feedstocks for advanced biofuels and alcohols for use in cleaners and disinfectants.
As of Q2 2022, Frederick DiSanto’s Ancora Advisors holds 4,033,949 shares of Green Plains Inc. (NASDAQ:GPRE), accounting for 3.10% of the hedge fund’s 13F portfolio. The hedge fund increased its stake by 1% in Q2 2022, as compared to the previous quarter.
In August, Green Plains Inc. (NASDAQ:GPRE) released the financial results for the quarter ended June 30, 2022. Its total revenues increased by 40% y-o-y to $1.0 billion, while its net income surged by 227% y-o-y to $53 million, for the three months. It reported a normalized EPS of $0.30 for the quarter, beating the consensus by $0.16.
As of Q2 2022, 22 of the 895 hedge funds tracked by Insider Monkey held Green Plains Inc. (NASDAQ:GPRE) shares, valued at a combined total of $172 million. Ken Griffin’s Citadel Investment Group was its largest hedge fund shareholder after Ancora Advisors.
2. Forward Air Corporation (NASDAQ:FWRD)
Ancora Advisors’ Stake Value: $123,622,000
Percentage of Ancora Advisors’ 13F Portfolio: 3.50%
Number of Hedge Fund Holders: 16
Greeneville, Tennessee-based Forward Air Corporation (NASDAQ:FWRD) is a leading provider of ground transportation and related logistics services to the North American air freight and expedited Less-Than-Truckload (LTL) market.
Forward Air Corporation (NASDAQ:FWRD) is ranked #2 on the list of Top 10 Stock Picks of Frederick DiSanto’s Ancora Advisors based on its portfolio weight of 3.50%, as of Q2 2022. The hedge fund holds 1,344,299 shares of Forward Air Corporation (NASDAQ:FWRD), 1% less than the number of shares held at the end of the previous quarter.
In September, Forward Air Corporation (NASDAQ:FWRD) released expedited freight operating statistics for quarter-to-date through August 2022. Its revenue per shipment increased 16.0%, weight per shipment decreased 3.2%, pounds per day increased 3.1% and shipments per day increased 6.5% over the same period last year.
As of Q2 2022, 16 of the 895 hedge funds tracked by Insider Monkey held Forward Air Corporation (NASDAQ:FWRD) shares valued at a combined total of $285 million. Chuck Royce’s Royce & Associates was its largest hedge fund shareholder after Ancora Advisors, with ownership of 0.9 million shares valued at $81 million.
1. C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)
Ancora Advisors’ Stake Value: $231,881,000
Percentage of Ancora Advisors’ 13F Portfolio: 6.56%
Number of Hedge Fund Holders: 26
C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) is a leading global provider of multimodal transportation services and third-party logistics with over 100,000 active customers worldwide and 85,000 active carriers and suppliers.
Frederick DiSanto’s Ancora Advisors owns 2,287,476 shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW), accounting for 6.56% of its 13F portfolio. The hedge fund shed 2% of its stake in Q2 2022, as compared to the previous quarter.
In July, C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) released its financial results for the quarter ended June 30, 2022. Its total revenues increased by 23% y-o-y to $6.8 billion, while its net income surged by 80% y-o-y to $348 million, for the three months. It reported a normalized EPS of $2.67 for the quarter, beating the consensus by $0.68.
On August 4, the board of directors of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) declared a regular quarterly cash dividend of $0.55 per common share. The freight services provider has distributed uninterrupted dividends without declines for more than 20 years.
As of Q2 2022, C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) shares were held by 26 of the 895 hedge funds tracked by Insider Monkey, with a total value of $520 million. First Eagle Investment Management was its largest hedge fund shareholder with ownership of 10.6 million shares valued at $1.1 billion.
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