Jerome Dodson (Trades, Portfolio)’s Parnassus Fund sold shares of the following stocks during the first quarter of 2020.
Alliance Data Systems
The firm exited its Alliance Data Systems Corp. (ADS) holding. The portfolio was impacted by -3.22%.
The credit group has a market cap of $1.60 billion and an enterprise value of $8.17 billion.
GuruFocus gives the company a profitability and growth rating of 8 out of 10. While the return on equity of 13.36% is outperforming the sector, return on assets of 0.96% is underperforming 62% of companies in the credit services industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 0.37 is above the industry median of 0.24.
The largest guru shareholder of the company is Steven Cohen (Trades, Portfolio)’s Point72 Asset Management with 3.21% of outstanding shares, followed by the Parnassus Endeavor Fund (Trades, Portfolio) with 2.88% and Jeff Ubben (Trades, Portfolio)’s ValueAct Holdings with 0.69%.
CVS Health
The investor closed its CVS Health Corp. (CVS) holding. The portfolio was impacted by -3.20%.
The pharmaceutical retailer has a market cap of 78.4 billion and an enterprise value of $159 billion.
GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 10.85% and return on assets of 3.08% are underperforming 78% of companies in the healthcare plans industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 0.09 is below the industry median of 0.69.
The largest guru shareholder of the company is Dodge & Cox with 1.57% of outstanding shares, followed by the Vanguard Health Care Fund (Trades, Portfolio) with 0.88%.
Hologic
The fund closed its position of Hologic Inc. (HOLX), impacting the portfolio by -2.84%.
The manufacturer of proprietary products for the healthcare sector has a market cap of $10.85 billion and an enterprise value of $13.57 billion.
GuruFocus gives the company a profitability and growth rating of 6 out of 10. The return on equity of 3.77% and return on assets of 1.28% are outperforming 53% of companies in the medical devices and instruments industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 0.12 is far below the industry median of 1.56.
The largest guru shareholder of the company is Larry Robbins (Trades, Portfolio)’ Glenview Capital Management with 3.82% of outstanding shares, followed by Cohen’s firm with 0.68% and the Vanguard Health Care Fund (Trades, Portfolio) with 0.66%.
Sysco
The firm closed its holding in Sysco Corp. (SYY). The trade had an impact of -2.84% on the portfolio.
The foodservice distributor has a market cap of $22.52 billion and an enterprise value of $31.55 billion.
GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 75.45% and return on assets of 9.78% are outperforming 91% of companies in the retail, defensive industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 0.06 is below the industry median of 0.31.
The largest guru shareholder of the company is the Yacktman Asset Management (Trades, Portfolio) with 0.75% of outstanding shares, followed by Pioneer Investments (Trades, Portfolio) with 0.63% and the Yacktman Fund (Trades, Portfolio) with 0.37%.
Pentair PLC
The fund exited its Pentair PLC (PNR) position with an impact of -2.49% on the portfolio.
The water treatment giant has a market cap of $5.25 billion and an enterprise value of $6.27 billion.
GuruFocus gives the company a profitability and growth rating of 6 out of 10. The return on equity of 19.05% and return on assets of 8.64% are outperforming 85% of companies in the industrial products industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 0.07 underperforms 93% of competitors.
Pioneer Investments (Trades, Portfolio) is the largest guru shareholder of the company with 0.90% of outstanding shares, followed by Mairs and Power (Trades, Portfolio) with 0.65% and PRIMECAP Management (Trades, Portfolio) with 0.59%.
Disclosure: I do not own any stocks mentioned.
Read more here:
- FPA Capital Fund Exits Allegiant, Cheesecake Factory
- 5 High-Yielding Stocks Trading at Low Price-Earnings Ratios
- 6 Stocks Trading With Low Price-Sales Ratios
Not a Premium Member of GuruFocus? Sign up for a free 7-day trial here
