Five Consumer Durables Stocks Endorsed by Hedge Funds

#4 KAR Auction Services Inc (NYSE:KAR)

Investors with Long Positions (as of September 30): 44

Aggregate Value of Investors’ Holdings (as of September 30): $1.24 Billion

Since the end of the third quarter of 2015, KAR Auction Services Inc (NYSE:KAR)’s stock has declined by around 8%. While the total number of hedge funds long the stock increased by two between July and September, the aggregate value of these holdings decreased by $158 million. Daniel S. Och‘s Oz Management holds more than 5.6 million shares of KAR Auction Services Inc (NYSE:KAR).

KAR Auction Services has not reported its results for the fourth quarter of 2015, but analysts are bullish on the stock, despite its 13% drop registered since the beginning of the year. Among others, Jefferies Group initiated coverage on the stock last month and set a ‘Buy’ rating with a $45.00 price target, close to the consensus among analysts and representing an upside potential of more than 40%.

#3 Graphic Packaging Holding Company (NYSE:GPK)

Investors with Long Positions (as of September 30): 44

Aggregate Value of Investors’ Holdings (as of September 30): $1.20 Billion

Over the past 12 months, Graphic Packaging Holding Company (NYSE:GPK)’s stock is down by more than 19%. Meanwhile, the number of funds bullish on the stock (among those we track) went up by one, but the aggregate value of their holdings inched down by 8% during the third quarter of 2015. Iridian Asset Management, led by David Cohen and Harold Levy, boosted its stake in Graphic Packaging Holding Company (NYSE:GPK) by 3% during the July-September period to 27.81 million shares.

For the fourth quarter of 2015, Graphic Packaging Holding Company reported adjusted EPS of $0.19 and revenue of $1.02 billion, mixed relative to the expectations. Analysts expected the company to post $0.17 in EPS, but the revenue estimates stood at $1.03 billion. For the full 2015, Graphic Packaging Holding Company delivered EPS of $0.70 on revenue worth $4.16 billion.