Top 5 Stocks to Buy According to Jeff Ubben’s ValueAct Capital

In this article, we will discuss the top 5 stocks to buy according to Jeff Ubben’s ValueAct Capital. If you want to read our detailed analysis of Ubben’s history, investment philosophy, and hedge fund performance, go directly to the Top 10 Stocks to Buy According to Jeff Ubben’s ValueAct Capital.

5. CBRE Group, Inc. (NYSE: CBRE)

ValueAct’s Stake Value: $877,242,000
Percentage of Jeff Ubben’s 13F Portfolio: 9.72%
Number of Hedge Fund Holders: 37

CBRE Group, Inc. (NYSE: CBRE) is a global provider of commercial real estate services and investments. It was incorporated in 1906 and stands fifth on the list of top 10 stocks to buy according to Jeff Ubben’s ValueAct Capital.

On July 29, CBRE Group, Inc. (NYSE: CBRE) announced earnings for the second quarter of 2021. It reported earnings per share of $1.36, surpassing the anticipation by $0.58. Revenue for the second quarter of 2021 was $6.46 billion, up 20.02% YoY. On June 14, Wolfe Research analyst Andrew Rosivach initiated coverage of CBRE Group with an “Outperform” rating and gave a price target of $112.

In the second quarter of 2021, ValueAct Capital owned 10.23 million shares in CBRE Group, Inc. (NYSE: CBRE), worth $877.24 million. This represented 9.72% of the investment portfolio of ValueAct Capital. The company is also getting the attention of the smart money, as 37 hedge funds tracked by Insider Monkey reported owning stakes in CBRE Group, Inc. (NYSE: CBRE) in the second quarter of 2021, up from 30 funds a quarter earlier.

Third Avenue Management, in its first-quarter 2021 investor letter, mentioned CBRE Group, Inc. (NYSE: CBRE). Here is what the fund said:

“CBRE Group, Inc. (the largest commercial real estate services firm globally with leading brokerage, facilities management, consulting, and asset management offerings) revealing that it had agreed to acquire a 35% stake in Industrious—one of the largest networks of coworking and private office spaces in North America. Alongside the investment, CBRE’s management team (headed by CEO Bob Sulentic) has created a unique structure whereby it will also contribute its existing shared workspace portfolio (i.e., Hana) thus positioning the combined platform to take significant market share in the rapidly expanding “flexible workplace” market given CBRE’s reach (the company operates in more than 100 countries and counts 90% of Fortune 100 companies as clients) and a coworking model that could be viewed more favorably by property owners (e.g., revenue share agreements in lieu of fixed-cost leases through special purpose vehicles).”