Here’s Why Agilent Technologies (A) Traded Lower in Q1

Impax Asset Management, an investment management company, released its “Impax Global Environmental Markets Fund” first quarter 2025 investor letter. A copy of the letter can be downloaded here. The MSCI All Country World Index (MSCI ACWI), which measures global equities, declined in Q1 as the strength turned negative due to uncertainty surrounding US tariffs. The strategy declined and slightly underperformed its primary benchmark, the MSCI ACWI, during the quarter. In addition, you can check the fund’s top 5 holdings to determine its best picks for 2025.

In its first-quarter 2025 investor letter, Impax Global Environmental Markets Fund highlighted stocks such as Agilent Technologies, Inc. (NYSE:A). Agilent Technologies, Inc. (NYSE:A) is a technology company that offers application-focused solutions to the life sciences, diagnostics, and applied chemical markets. The one-month return of Agilent Technologies, Inc. (NYSE:A) was 4.28%, and its shares lost 13.14% of value over the past 52 weeks. On May 29, 2025, Agilent Technologies, Inc. (NYSE:A) closed at $113.28 per share, with a market capitalization of $32.164 billion.

Impax Global Environmental Markets Fund stated the following regarding Agilent Technologies, Inc. (NYSE:A) in its Q1 2025 investor letter:

“Agilent Technologies, Inc. (NYSE:A) (Environmental Testing & Monitoring, US) moved lower during the period as recessionary fears and rising US/China geopolitical tensions weighed on sentiment. Agilent remains a very attractively priced business that appears on the precipice of a multi-year upcycle in demand.”

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Agilent Technologies, Inc. (NYSE:A) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 55 hedge fund portfolios held Agilent Technologies, Inc. (NYSE:A) at the end of the first quarter, which was 55 in the previous quarter. Agilent Technologies, Inc. (NYSE: A) reported revenue of $1.681 billion in Q1 2025, which represents a 1% increase over Q1 2024. While we acknowledge the potential of Agilent Technologies, Inc. (NYSE:A) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains.

In another article, we covered Agilent Technologies, Inc. (NYSE:A) and shared the list of best diagnostics stocks to invest in. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.