Prem Watsa (Trades, Portfolio)'s Fairfax Financial Holdings sold shares of the following stocks during the first quarter of 2020.
Johnson & Johnson
The firm cut its Johnson & Johnson (JNJ) position by 50%. The trade had an impact of -0.53% on the portfolio.
The healthcare company has a market cap of $389 billion and an enterprise value of $398 billion.
GuruFocus gives the company a profitability and growth rating of 9 out of 10. The return on equity of 28.73% and return on assets of 11.1% are outperforming 86% of companies in the drug manufacturers industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.65 is below the industry median of 0.92.
Pioneer Investments (Trades, Portfolio) is the largest guru shareholder of the company with 0.18% of outstanding shares. Other notable shareholders include Jim Simons (Trades, Portfolio)’ Renaissance Technologies with 0.12% and the T Rowe Price Equity Income Fund (Trades, Portfolio) with 0.11%.
Signature Bank
The firm closed the Signature Bank (SBNY) position. The portfolio was impacted by -0.17%.
The U.S. bank has a market cap of $4.88 billion and an enterprise value of $8.43 billion.
GuruFocus gives the company a profitability and growth rating of 5 out of 10. The return on equity of 11.55% and return on assets of 1.09% are outperforming 71% of companies in the banks industry. Its financial strength is rated 2 out of 10. The cash-debt ratio of 0.3 is below the industry median of 1.26.
The largest guru shareholder of the company is First Pacific Advisors (Trades, Portfolio) with 1.53% of outstanding shares, followed by Steven Romick (Trades, Portfolio)’s FPA Crescent Fund with 1.37% and Pioneer Investments (Trades, Portfolio) with 0.04%.
Argan
The firm cut its Argan Inc. (AGX) holding by 50.93%. The portfolio was impacted by -0.09%.
The company, which operates in the power industry services sector, has a market cap of $514 million and an enterprise value of 188 million.
GuruFocus gives the company a profitability and growth rating of 7 out of 10. The return on equity of -11.83% and return on assets of -9.32% are underperforming 89% of companies in the construction industry. Its financial strength is rated 8 out of 10. The company has no debt.
Simons’ firm is the largest guru shareholder of the company with 2.16% of outstanding shares. Other notable shareholders include Chuck Royce (Trades, Portfolio) with 1.39% and Third Avenue Management (Trades, Portfolio) with 0.76%.
Jacobs Engineering
The firm cut its position in Jacobs Engineering Group Inc. (J) by 65.63%, impacting the portfolio by -0.09%.
The provider of engineering, design and maintenance services has a market cap of $9.32 billion and an enterprise value of $10.81 billion.
GuruFocus gives the company a profitability and growth rating of 6 out of 10. The return on equity of 16.89% and return on assets of 8.01% are outperforming 70% of companies in the construction industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.38 is below the industry median of 0.6.
The largest guru shareholder of the company is PRIMECAP Management (Trades, Portfolio) with 5.89% of outstanding shares, followed by Ruane Cunniff (Trades, Portfolio) with 4.22% and Joel Greenblatt (Trades, Portfolio)’s Gotham Asset Management with 0.12%.
Kulicke & Soffa Industries
The investment firm reduced its position in Kulicke & Soffa Industries Inc. (KLIC) by 40%. The trade had an impact of -0.07% on the portfolio.
The designer and manufacturer of components for the semiconductors industry has a market cap of $1.30 billion and an enterprise value of $795 million.
GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 4.22% and return on assets of 2.98% are underperforming 53% of companies in the semiconductors industry. Its financial strength is rated 7 out of 10. The cash-debt ratio of 4.59 is above the industry median of 1.41.
The largest guru shareholder of the company is Royce with 4.43% of outstanding shares, followed by Renaissance Technologies with 0.94% and Ken Fisher (Trades, Portfolio) with 0.73%.
US Silica
The firm closed its position in U.S. Silica Holdings Inc. (SLCA). The trade had an impact of -0.07% on the portfolio.
The supplier of sands for industrial use has a market cap of $14 million and an enterprise value of $1.42 billion.
GuruFocus gives the company a profitability and growth rating of 7 out of 10. The return on equity of -43.74% and return on assets of -13.5% are underperforming 72% of other companies in the oil and gas industry. Its financial strength is rated 3 out of 10. The cash-debt ratio of 0.1 is below the industry median of 0.36.
The largest guru shareholder of the company is John Rogers (Trades, Portfolio) with 15.11% of outstanding shares, followed by Simons’ firm with 4.52% and Royce with 1.17%.
Disclosure: I do not own any stocks mentioned.
Read more here:
- Richard Pzena Continues to Buy Verizon, AG
- Tweedy Browne Sells Baidu, Berkshire Hathaway
- Viking Global Investors Trims Facebook, Uber
Not a Premium Member of GuruFocus? Sign up for a free 7-day trial here.
