When Jeffrey Ubben Likes A Stock Like Agrium Inc. (AGU), You Should Pay Attention

The most recent 13F filing of ValueAct Capital reveals that the fund initiated a long position in Precision Castparts Corp. (NYSE:PCP) consisting of 569,185 shares, which are worth $119.53 million as of March 31. Considering the fact that the stock has decreased by 13% since the beginning of the current year, some analysts believe that the shares of Precision Castparts are trading at attractive levels relative to its industry counterparts. The company is well-known for an outstanding corporate culture, stable growth and high operating efficiency, therefore, the stock will most probably embark upon a new uptrend soon enough. From the pool of over 700 hedge funds that we track, Berkshire Hathaway, led by Warren Buffett, represents the largest shareholder in Precision Castparts Corp. (NYSE:PCP), owning 4.2 million shares.

At the same time, ValueAct Capital acquired a new stake of 1.06 million shares in WESCO International Inc. (NYSE:WCC), worth $74.42 million. Even though the stock has declined by 5% year-to-date, it has been riding a strong and clear uptrend throughout the last few months. Additionally, the trend didn’t show any strong signs of reversal even when the company announced lower-than-expected financial results for the first quarter of the year.  WESCO reported first-quarter adjusted earnings of $0.90 per share, which yields a decline of 7.8% year-over-year. By the same token, the revenues generated by the company decreased by 0.3% year-over-year, dipping to a figure of $1.81 billion. Our database reveals that Joel Greenblatt’s Gotham Asset Management is among the largest investors in WESCO International Inc. (NYSE:WCC), owning 1.09 million shares.

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