5 Best Aggressive Growth Stocks To Buy According to Hedge Funds

In this article, we will take a look at the 5 best aggressive growth stocks to buy according to hedge funds. To see more such companies, go directly to 12 Best Aggressive Growth Stocks To Buy According to Hedge Funds.

5. Linde plc (NYSE:LIN)

Number of Hedge Fund Holders: 70

Chemical company Linde plc (NYSE:LIN) shares have gained about 37% over the past one year. In July Linde plc (NYSE:LIN) upped its full-year 2023 adjusted EPS guidance to $13.80 – $14.00, which shows a 12% to 14% growth year-over-year.

As of the end of the second quarter of 2023, 70 hedge funds tracked by Insider Monkey reported owning stakes in Linde plc (NYSE:LIN).

Madison Funds made the following comment about Linde plc (NYSE:LIN) in its fourth-quarter 2022 investor letter:

“Linde plc (NYSE:LIN) stock was strong during the fourth quarter following a solid third quarter. Linde remains well positioned with the passage of the Inflation Reduction Act and energy transition with carbon dioxide sequestration opportunities, gasification services, and various hydrogen projects. Linde and Schlumberger announced that they entered into a collaboration of carbon capture, utilization, and sequestration (CCUS) projects to accelerate decarbonization solutions across industrial and energy sectors. The collaboration will combine decades of experience in carbon dioxide capture and sequestration. The collaboration will focus on hydrogen and ammonia production where carbon dioxide is a by-product. The International Energy Agency estimates that 6 Gigatons of carbon dioxide will need to be abated with CCUS in order to reach net zero by 2050. During the quarter, Linde also announced that it became a signatory to the United Nations Global Compact (UNGC), the world’s largest corporate sustainability initiative. As a signatory, Linde has committed to aligning its strategy and activities with the UNGC’s Ten Principles across human rights, labor, environment, and anti-corruption.”