5 Cheap ESG Stocks To Invest In

3. Hologic, Inc. (NASDAQ:HOLX)

Number of Hedge Fund Holders: 41  

PE Ratio: 9.39   

Evercore ISI analyst Vijay Kumar upgraded Hologic, Inc. (NASDAQ:HOLX) stock to Outperform from In Line with a price target of $78 in July, underlining that the company was sticking to a core competency and making smart acquisitions in the base business. One of the smart purchases has been Bolder Surgical, a commercial stage developer of surgical products, for $160 million in October. The move will add to the impressive product line of Hologic. In the ESG bracket, the company sets annual goals to improve women leadership in healthcare, reduce carbon emissions, and improve health access for underserved communities.  It releases a sustainability report to underline progress on each. 

Hologic, Inc. (NASDAQ:HOLX) also had solid fundamentals. In late July, the firm had reported earnings for the third quarter, posting earnings per share of $1.33, beating predictions by $0.21. The revenue over the period was $1.1 billion, up 42% year-on-year. 

Among the hedge funds being tracked by Insider Monkey, Chicago-based investment firm Citadel Investment Group is a leading shareholder in Hologic, Inc. (NASDAQ:HOLX) with 2.2 million shares worth more than $149 million.