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Columbia Wanger’s Top Five Year-End Holdings

January 30, 2014 | About:
Monica Wolfe

Monica Wolfe

119 followers

The guru ranked fund recently released its fourth quarter portfolio holdings.  These holdings boasted 301 stocks, with 26 of these being new, valued at $26.181 billion.  The following five stocks are Columbia Wanger (Trades, Portfolio)’s top five holdings.

Ametek Inc. (AME)

As of the close of the fourth quarter Columbia Wanger (Trades, Portfolio)’s largest holding was in Ametek Inc. The fund holds on to 12,623,000 shares of the company’s stock, representing 2.5% of their total portfolio as well as 5.17% of the company’s shares outstanding.

The fund dropped their holdings -8.09% over the past quarter selling a total of 1,111,589 shares of the company’s stock.  They sold these shares at the estimated average quarterly price of $48.29 per share, and from this average the price per share has now gone up approximately 3%. 

Columbia Wanger (Trades, Portfolio) has been steadily decreasing their position since 2011Q2.

Columbia Wanger (Trades, Portfolio)’s holding history as of the fourth quarter:

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Ametek is a manufacturer of electronic instruments and electromechanical devices. The Company markets its products worldwide through two operating groups, the Electronic Instruments Group (EIG) and the Electromechanical Group (EMG).

Ametek’s historical revenue and net income:

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The GuruFocus analysis reports that the company’s dividend yield is near a two-year low, its price is near a 10-year high and its P/E, P/S and P/B ratios are all also trading at around 10-year highs.  On the other hand the analysis also notes that the company has shown predictable revenue and earnings growth and that its operating margin is expanding.

The Peter Lynch Chart suggests that the company is currently overvalued:

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Ametek has a market cap of $12.17 billion.  Its shares are currently trading at around $49.73 with a P/E ratio of 24.40, a P/S ratio of 3.50 and a P/B ratio of 4.10.  The company had an annual average earnings growth of 16.10% over the past ten years.

GuruFocus rated Ametek the business predictability rank of 4.5-star.

Donaldson Company (DCI)

The fund’s second largest holding is in the Donaldson Company where they maintain 11,771,300 shares of the company’s stock.  This position represents 2% of their total assets managed as well as 8.01% of the company’s shares outstanding.

Over the past quarter Columbia Wanger (Trades, Portfolio) cut their position by a slight -0.91% by selling a total of 108,000 shares.  The fund sold these shares near the estimated average quarterly price of $40.74 per share.  From the average quarterly price the price per share has increased a slight 0.8%.

The fund has been consistently cutting their holdings since 2011Q2.

Columbia Wanger (Trades, Portfolio)’s historical holding history:

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Donaldson Company is a manufacturer of filtration systems and replacement parts. The company's product mix includes air and liquid filtration systems and exhaust and emission control products.

Donaldson’s historical revenue and net income:

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The analysis on Donaldson Company reports that the company’s revenue has slowed down over the past year, its shares are trading at near a 10-year high and is P/S ratio is also close to a 10-year high.  The analysis also notes that the company’s Piotroski F-Score is high, indicating a healthy situation, its operating margin is expanding and its dividend yield is near a three-year high.

The Peter Lynch Chart suggests that the company is currently overvalued:

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Donaldson Company has a market cap of $6.02 billion.  Its shares are currently trading at around $41.06 with a P/E ratio of 24.20, a P/S ratio of 2.50 and a P/B ratio of 5.20.  The company had an annual average earnings growth of 11.60% over the past 10 years. 

GuruFocus rated Donaldson Company the business predictability rank of 4-star.

Mettler-Toledo International (MTD)

Columbia Wanger (Trades, Portfolio)’s third largest holding as of the fourth quarter is in Mettler-Toledo where they hold on to 2,036,650 shares, representing 1.9% of fund’s total holdings as well as 6.80% of the company’s total shares outstanding.

Over the past quarter Columbia Wanger (Trades, Portfolio) reduced their position in the company -6.75% by selling a total of 147,400 shares of the company’s stock.  They sold these shares near the average quarterly price of $244.23 per share, and since then the price per share has increased a slight 0.2%. 

Columbia Wanger (Trades, Portfolio)’s historical holding history:

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Mettler-Toledo International is the supplier of precision instruments and services and provider of weighing instruments for use in laboratory, industrial and food retailing applications. It is also a provider of analytical instruments for use in life science, reaction engineering and real-time analytic system.

Mettler-Toledo’s historical revenue and net income:

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The analysis on Mettler-Toledo reports that the company has shown predictable revenue and earnings growth, its operating margin is expanding and its price is close to a 10-year high.  It also notes that the P/E, P/B and P/S ratios are currently trading at around a 10-year high.

The Peter Lynch Chart suggests that the company is currently overvalued:

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Mettler-Toledo has a market cap of $7.26 billion.  Its shares are currently trading at around $244.62 with a P/E ratio of 25.20, a P/S ratio of 3.30 and a P/B ratio of 8.60.  Mettler-Toledo had an annual average earnings growth of 11.10% over the past ten years. 

GuruFocus rated Mettler-Toledo International the business predictability rank of 2.5-star.

Nordson Corporation (NDSN)

The Nordson Corporation is Columbia Wanger (Trades, Portfolio)’s fourth largest holding.  The company maintains a total of 5,150,400 shares of the company’s stock, representing 1.5% of their total portfolio as well as 8.02% of the company’s shares outstanding. 

Over the past quarter the fund reduced their holdings -3.77% by selling a total of 202,000 shares of the company’s stock.  They sold these shares near the estimated average quarterly price of $72.81 per share.  Since then the price per share has dropped approximately -5.1%. 

The fund has been reducing their position in the company over the past three quarters.

Columbia Wanger (Trades, Portfolio)’s historical holding history:

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Nordson Corp. engineers, manufactures and markets differentiated products and systems used for adhesive, coating, sealant and biomaterial dispensing, fluid management, testing and inspection, curing, and surface treatment, backed with application expertise and direct global sales and service.

Nordson’s historical revenue and earnings growth:

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The analysis on Nordson reports that the company’s price is near a 10-year high, its asset growth is currently faster than its revenue growth and its P/B ratio is trading at a five-year low.

The Peter Lynch Chart suggests that the company is currently overvalued:

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Nordson Corporation has a market cap of $4.44 billion.  Its shares are currently trading at around $69.10 with a P/E ratio of 20.30, a P/B ratio of 4.90 and a P/S ratio of 2.90. 

SBA Communications (SBAC)

The fund’s fifth largest holding goes to SBA Communications where they hold on to 4,288,000 shares of the company’s stock.  This position makes up for 1.5% of Columbia Wanger (Trades, Portfolio)’s portfolio and 3.36% of company’s shares outstanding.

Over the duration of the fourth quarter Columbia Wanger (Trades, Portfolio) cut their position in SBA Communications -0.58% by selling a total of 25,000 shares.  The fund sold these shares at around the average quarterly price of $85.87 per share, and since then the price per share has increased approximately 5.5%. 

The fund has been consistently decreasing its position since 2012Q1.

Columbia Wanger (Trades, Portfolio)’s historical holding history:

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SBA Communications is an independent owner and operator of wireless communications towers in the U.S., Puerto Rico and the U.S. Virgin Islands. Its principal business line is its site leasing business.  The company leases antenna space mainly to wireless service providers on towers and other structures that it owns, manages or leases from others.

SBA Communications’ historical revenue and earnings growth:

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The analysis on SBA Communications reports that the company’s operating margin is expanding, its price is near a 10-year high and that it has issued $2.3 billion of debt over the past three years.

There are currently 10 gurus that hold a position in SBAC.  Click here to see their holding histories.

SBA Communications Corporation has a market cap of $11.63 billion.  Its shares are currently trading at around $90.57 with a P/S ratio of 9.10 and a P/B ratio of 25.60.  The company had an annual average earnings growth of 22.70% over the past 10 years.

You can check out the entirety of Columbia Wanger’s fourth quarter portfolio here.  Also try out a free 7-day premium membership trial here!


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