5 Stocks to Buy According to Ian Simm’s Impax Management

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In this article, we will discuss the 5 stocks to buy according to Ian Simm’s Impax Management. If you want to read our detailed analysis of Simm’s history, investment philosophy, and hedge fund performance, go directly to the 10 Stocks to Buy According to Ian Simm’s Impax Management.

5. Pentair plc (NYSE:PNR)

Impax Management Stake Value: $658,873,000
Percentage of Impax Management’s 13F Portfolio: 2.7%
Number of Hedge Fund Holders: 24

Pentair plc (NYSE:PNR) is a water treatment corporation in the United States that is incorporated in Ireland and has tax residence in the United Kingdom. Impax Management holds 9.09 million shares in Pentair plc (NYSE:PNR) worth $658.87 million, representing 2.7% of their portfolio. The hedge fund has decreased its stake in the firm by 6% in the third quarter of 2021.

On November 22, Loop Capital analyst Scott Graham initiated coverage of Pentair plc (NYSE:PNR) with a “Buy” rating and gave a price target of $105. In October, Pentair plc (NYSE:PNR) reported earnings for the third quarter, posting earnings per share of $0.89, beating market estimates by $0.05. The revenue over the period was $969.2 million, exceeding the analysts’ expectations by $28.44 million.

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