URS Corp. (NYSE:URS), an international provider of engineering, construction, and technical services, could be worth looking into due to several reasons. Aside from being undervalued, intensified hedge fund activities over the past few weeks have made the stock interesting at the current price around $47.
Barry Rosenstein's hedge fund Jana Partners, which holds 9.4% or 6,745,623 shares of URS per a mid-March 13D filing, has taken activist position on the company. URS recently added Jana's nominees to its Board of Directors. Under an agreement with Jana, URS said that it will form a Value Creation Committee that will evaluate all options for enhancing shareholder value. Apart from Jana, several other hedge funds have taken positions in URS, including...
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