NWQ Managers Trims 2 Stakes

Guru sells shares of Coherent, Marten Transport in March

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Apr 08, 2016
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NWQ Managers (Trades, Portfolio) reduced two existing stakes – Coherent Inc. (COHR, Financial) and Marten Transport Ltd. (MRTN, Financial) – in its portfolio on March 31.

The guru trimmed its stake in Coherent, a Santa Clara, California-based laser solutions company serving scientific and commercial clients, by nearly 31%, selling 594,230 shares for $91.9 per share. The transaction had a -0.85% impact on NWQ Managers (Trades, Portfolio)’ portfolio.

The guru’s remaining stake of 1,335,521 shares is 5.52% of Coherent’s outstanding shares and 1.92% of NWQ Managers (Trades, Portfolio)’ total assets. NWQ Managers (Trades, Portfolio) remained Coherent’s leading shareholder among the gurus.

Coherent has a P/E of 28.4, a forward P/E of 18.9, a P/B of 2.7 and a P/S of 2.9. GuruFocus gives Coherent a Financial Strength rating of 7/10 and a Profitability and Growth rating of 7/10.

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Coherent sold for $91 per share Friday afternoon.

The guru sold more than 51% of its stake in Marten Transport, a Mondovi, Wisconsin-based national provider of time- and temperature-sensitive transportation services. NWQ Managers (Trades, Portfolio) sold 1,554,845 shares for $18.72 per share. The transaction had a -0.45% impact on NWQ Managers (Trades, Portfolio)’ portfolio.

NWQ Managers (Trades, Portfolio)’ remaining stake of 1,466,385 shares is 4.53% of Marten Transport’s outstanding shares and 0.43% of the guru’s total assets. NWQ Managers (Trades, Portfolio) is still Marten Transport’s leading shareholder among the gurus.

Marten Transport has a P/E of 16.4, a forward P/E of 14.7, a P/B of 1.4 and a P/S of 0.8. GuruFocus gives Marten Transport a Financial Strength rating of 6/10 and a Profitability and Growth rating of 6/10.

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Marten Transport sold for $17.32 per share Friday afternoon.

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