Weitz Investment Management founder Wallace Weitz (Trades, Portfolio) invested in the following stocks in the third quarter.
The DXC Technology Co. (DXC, Financial) position was boosted by 752.19%. The transaction had an impact of 1.42% on the portfolio.
The information technology services company has a market cap of $27.25 billion and an enterprise value of $33.47 billion.
GuruFocus gives the company a profitability and growth rating of 4 out of 10. The return on equity (ROE) of 4.97% and return on assets (ROA) of 1.65% are underperforming 56% of companies in the Global Information Technology Services industry. Financial strength has a rating of 5 out of 10. The cash-debt ratio of 0.31 is below the industry median of 6.56.
The company's largest shareholder among the gurus is Larry Robbins (Trades, Portfolio) with 2.74% of outstanding shares, followed by PRIMECAP Management (Trades, Portfolio) with 1.8% and Dodge & Cox with 1.45%.
Weitz established a 209,870-share holding in Danaher Corp. (DHR, Financial), giving it 0.76% portfolio space.
The manufacturer of medical products has a market cap of $65.35 billion and an enterprise value of $75.61 billion.
GuruFocus gives the company a profitability and growth rating of 6 out of 10. The ROE of 9.93% and ROA of 5.33% are outperforming 67% of companies in the Global Diagnostics and Research industry. Financial strength has a rating of 5 out of 10. The cash-debt ratio of 0.06 is below the industry median of 3.13.
Dodge & Cox is the company's largest guru shareholder with 0.75% of outstanding shares, followed by Daniel Loeb (Trades, Portfolio) with 0.47%, Steven Cohen (Trades, Portfolio) with 0.38% and Chuck Akre (Trades, Portfolio) with 0.24%.
The guru bought 500,000 shares of Discovery Communications Inc. (DISCA, Financial), expanding the portfolio by 0.45%.
The media and entertainment company has a market cap of $6.92 billion and an enterprise value of $14.64 billion.
GuruFocus gives the company a profitability and growth rating of 9 out of 10. The ROE of 14.20% and ROA of 6.40% are outperforming 76% of companies in the Global Media – Diversified industry. Financial strength has a rating of 5 out of 10. The cash-debt ratio of 0.48 is below the industry median of 1.47.
Hotchkis & Wiley is the company's largest guru shareholder with 4.94% of outstanding shares, followed by Mario Gabelli (Trades, Portfolio) with 0.55% and Ray Dalio (Trades, Portfolio) with 0.27%.
The investor increased his stake in Allergan PLC (AGN, Financial) by 8.70%, expanding the portfolio by 0.36%.
The pharmaceutical company has a market cap of $58.43 billion and an enterprise value of $88.27 billion.
GuruFocus gives the company a profitability and growth rating of 5 out of 10. The ROE of -9.71% and ROA of -5.63% are outperforming 74% of companies in the Global Drug Manufacturers - Specialty and Generic industry. Financial strength has a rating of 4 out of 10. The cash-debt ratio of 0.18 is below the industry median of 2.89.
WIth 3.41% of outstanding shares, the Vanguard Health Care Fund (Trades, Portfolio) is the company's largest guru shareholder, followed by Seth Klarman (Trades, Portfolio) with 0.89%, John Paulson (Trades, Portfolio) with 0.66% and David Tepper (Trades, Portfolio) with 0.57%.
Weitz increased his position in Allison Transmission Holdings Inc. (ALSN, Financial) by 15.87%, impacting the portfolio by 0.17%.
The auto parts manufacturer has a market cap of $5.7 billion and an enterprise value of $8.04 billion.
GuruFocus gives the company a profitability and growth rating of 6 out of 10. The ROE of 41.80% and ROA of 8.32% are outperforming 68% of companies in the Global Auto Parts industry. Financial strength has a rating of 4 out of 10. The cash-debt ratio of 0.08 is below the industry median of 0.74.
Lou Simpson (Trades, Portfolio) is the company's largest guru shareholder with 5.06% of outstanding shares, followed by Jim Simons (Trades, Portfolio) with 1.02%, Weitz with 0.54% and Joel Greenblatt (Trades, Portfolio) with 0.47%.
The guru boosted his ACI Worldwide Inc. (ACIW, Financial) position by 80.37%. The portfolio was impacted by 0.12%.
The software developer has a market cap of $2.73 billion and an enterprise value of $3.35 billion.
GuruFocus gives the company a profitability and growth rating of 8 out of 10. The ROE of 5.16% and ROA of 2.10% are underperforming 57% of companies in the Global Software – Application industry. Financial strength has a rating of 5 out of 10. The cash-debt ratio of 0.10 is below the industry median of 6.56.
The company's largest shareholder among the gurus is Ron Baron (Trades, Portfolio) with 0.85% of outstanding shares, followed by Chuck Royce (Trades, Portfolio) with 0.49%, Weitz with 0.23% and Simons with 0.18%.
Weitz purchased 62,500 shares of Manitowoc Co. Inc. (MTW, Financial), expanding the portfolio by 0.1%.
The crane manufacturer has a market cap of $1.38 billion and an enterprise value of $1.63 billion.
GuruFocus gives the company a profitability and growth rating of 4 out of 10. The ROE of -9.85% and ROA of -3.81% are underperforming 94% of companies in the Global Farm and Construction Equipment industry. Financial strength has a rating of 5 out of 10. The cash-debt ratio of 0.10 is below the industry median of 0.57.
With 7.52% of outstanding shares, Carl Icahn (Trades, Portfolio) is the company's largest guru shareholder, followed by Arnold Van Den Berg (Trades, Portfolio) with 0.95%, Simons with 0.38%, Weitz with 0.18% and Murray Stahl (Trades, Portfolio) with 0.06%.
The investor established a 75,000-share position in Axalta Coating Systems Ltd. (AXTA, Financial), giving it 0.09% portfolio space.
The chemical manufacturer has a market cap of $9.15 billion and an enterprise value of $12.59 billion.
GuruFocus gives the company a profitability and growth rating of 5 out of 10. The ROE of 5.18% and ROA of 1.02% are outperforming 84% of companies in the Global Specialty Chemicals industry. Financial strength has a rating of 4 out of 10. The cash-debt ratio of 0.15 is below the industry median of 0.83.
The company's largest shareholder among the gurus is Warren Buffett (Trades, Portfolio) with 9.57% of outstanding shares, followed by Diamond Hill Capital (Trades, Portfolio) with 4.22% and Chris Davis (Trades, Portfolio) with 3.86%.
The Pioneer Natural Resources Co. (PXD, Financial) holding was increased 10.60%, impacting the portfolio by 0.07%.
The oil and gas producer has a market cap of $25.72 billion and an enterprise value of $26.47 billion.
GuruFocus gives the company a profitability and growth rating of 9 out of 10. The ROE of 1.17% and ROA of 0.77% are outperforming 66% of companies in the Global Oil and Gas E&P industry. Financial strength has a rating of 6 out of 10. The cash-debt ratio of 0.73 is above the industry median 0.55.
John Griffin (Trades, Portfolio) is the company's largest shareholder among the gurus with 0.64% of outstanding shares, followed by Cohen with 0.43%, First Eagle Investment (Trades, Portfolio) with 0.3%, Pioneer Investments (Trades, Portfolio) with 0.11% and John Rogers (Trades, Portfolio) with 0.09%.
Disclosure: I do not own any stocks mentioned in this article.
