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Samira Meskini
Samira Meskini
Articles (85) 

Bill Nygren Boosts Stakes in Halliburton, American Express, Caterpillar

The guru also increases stakes in JPMorgan, Citigroup, Apple, FedEx

Bill Nygren (Trades, Portfolio) increased his stake in many stocks, but most of them were below 10%. He is portfolio manager of the Oakmark Fund. He and his partners are value investors, and they invest in companies that they believe trade at a substantial discount to what they consider to be the true business value.

The biggest increase was in Halliburton Co. (HAL); the guru increased the stake by 51.13% at an average price of $39.34 per share. The position was established in Q4 2012 and in the first quarter he reduced the stake by 10.36%. The deal had an impact of 0.52% on the portfolio, and the stock price dropped 20%. The stock traded for $31.47 on Thursday.

The company has a market cap of $26.07 billion and enterprise value of $31.74 billion. It operates in the Global Oil & Gas Equipment & Services industry and has a forward P/E ratio of 13.40, a P/B of 1.69 and a P/S of 0.94.

Over the past year revenue decreased by 13.80%, EBITDA reduced by 59.70%, and book value decreased by 1.20%.

Glenn Greenberg (Trades, Portfolio), Pioneer Investments (Trades, Portfolio), Joel Greenblatt (Trades, Portfolio), Wallace Weitz (Trades, Portfolio), Tom Gayner (Trades, Portfolio), John Buckingham (Trades, Portfolio), Ron Baron (Trades, Portfolio) and David Dreman (Trades, Portfolio) increased their holdings in the third quarter.

The second-biggest increase was American Express Co. (AXP). Nygren increased his holding by 48.39% at an average price of $76.94 per share. He acquired a position in the company in the second quarter.

The deal had an impact of 0.71% on the portfolio, and the stock price dropped 16%. The stock traded for $76.94 on Thursday.

The company has a market cap of $61.86 billion and enterprise value of $93.73 billion. It operates in the Global Credit Services industry and has a P/E of 11.34, a forward P/E ratio of 11.16, a P/B of 2.87 and a P/S of 1.91.

Over the last year revenue had a growth of 4.30%, EBITDA grew by 4.00%, and book value increased by 10.90%.

The stock saw a huge increase of 2,368.71% from Dodge & Cox. T Rowe Price Equity Income Fund (Trades, Portfolio) and Mairs and Power (Trades, Portfolio) also increased their holdings.

Caterpillar Inc. (CAT)

The position was established in the first quarter; in the second quarter Nygren increased his stake by 9.89%, and in the third quarter the guru increased his stake by 46.67% at an average price of $76.49 per share.

The deal had an impact of 0.58% on the portfolio, and the stock price dropped 19%. The stock traded for $61.60 on Thursday.

The company has a market cap of $35.45 billion and enterprise value of $67.02 billion. It operates in the Global Farm & Construction Equipment industry and has a P/E ratio of 12.57, a forward P/E ratio of 15.31, a P/B of 2.22 and a P/S of 0.75.

Over the past year revenue decreased by 5%, EBITDA decreased by 13.20%, and book value reduced by 12.20%.

Greenblatt increased his stake more than 100%. Buckingham, Gayner, PRIMECAP Management (Trades, Portfolio) and Ken Fisher (Trades, Portfolio) are other gurus who increased their holdings in the third quarter.

Fiat Chrysler Automobiles NV (FCAU)

Nygren acquired a new position in the second quarter; in the third quarter the guru increased the stake by 33.33% at an average price of $9.63 per share. The deal had an impact of 0.34% on the portfolio, and the stock price dropped 44%. The stock traded for $8.19 on Thursday.

The company has a market cap of $13.35 billion and enterprise value of $24.5 billion. It operates in the Global Auto Manufacturers industry and has a P/E ratio of 16.71, a forward P/E ratio of 5.35, a P/B of 0.83 and a P/S of 0.10.

Over the last year revenue decreased by 14.10%, EBITDA reduced by 31.10% and book value decreased by 32.30%.

Mohnish Pabrai (Trades, Portfolio) and Steven Cohen (Trades, Portfolio) reduced their positions, and Jim Simons (Trades, Portfolio) exited his position.

Harley-Davidson Inc. (HOG)

It has had a position in the portfolio since 2011. In the second quarter Nygren increased his stake by 96.37%, and in the third quarter he increased his stake by 43.25% at an average price of $56.42 per share. The deal had an impact of 0.33% on the portfolio, and the stock price dropped 25%. The stock traded for $42.35 on Thursday.

The company has a market cap of $8.02 billion and enterprise value of $13.54 billion. It operates in the Global Recreational Vehicles industry and has a P/E ratio of 11.15, a forward P/E ratio of 5.65, a P/B of 3.14 and a P/S of 1.45.

Over the past year revenue had a growth of 1.30%, EBITDA decreased by 2.50%, and book value reduced by 13%.

The stock saw increases of 377.78% and 158.49% from Gayner and Greenblatt. HOTCHKIS & WILEY and Fisher increased their holdings.

JPMorgan Chase & Co. (JPM)

It has had a position in the portfolio since 2011. In the last 11 quarters the guru has been increasing the stake. In the third quarter the guru increased the stake by 9.77% at an average price of $65.57 per share. The deal had an impact of 0.23% on the portfolio, and the stock price dropped 10%. The stock traded for $58.96 on Thursday.

The company has a market cap of $209.32 billion and enterprise value of $177.71 billion. It operates in the Global Banks - Global industry and has a P/E ratio of 9.79, a forward P/E ratio of 8.65, a P/B of 1.02 and a P/S of 2.32.

Over the last year revenue had a decrease of 1.70%, and EBITDA reduced by 6.00% while book value increased by 5.60%.

Buckingham, Dreman, Dodge & Cox, PRIMECAP Management (Trades, Portfolio), Pioneer Investments (Trades, Portfolio) and John Rogers (Trades, Portfolio) increased their holdings.

Citigroup Inc. (C)

The position was established in Q1 2014; in the last five quarters Nygren has been increasing his holding. In the third quarter the firm increased its stake by 8.40% at an average price of $54.69 per share. The deal had an impact of 0.22% on the portfolio, and the stock price dropped 22%. The stock traded for $20.57 on Thursday.

The company has a market cap of $134.62 billion and enterprise value of $227.58 billion. It operates in the Global Banks - Global industry and has a P/E ratio of 10.22, a forward P/E ratio of 7.69, a P/B of 0.69 and a P/S of 1.82.

Over the past year revenue decreased by 1.50% while EBITDA grew by 26.70%, and book value increased by 2.90%.

Many investors increased their holdings, but big increases of 1,078.39% and 171.68% were recorded by Donald Smith (Trades, Portfolio) and Jeremy Grantham (Trades, Portfolio). Andreas Halvorsen (Trades, Portfolio), Sarah Ketterer (Trades, Portfolio) and Julian Robertson (Trades, Portfolio) increased their holdings over 34%.

Apple Inc. (AAPL)

It has had a position in the portfolio since 2011; the guru has been increasing and reducing the stake but never exited his position. In the third quarter Nygren increased his stake by 10.69% at an average price of $117.3 per share. The deal had an impact of 0.21% on the portfolio, and the stock price dropped 15%. The stock traded for $99.06 on Thursday.

The company has a market cap of $542.98 billion and enterprise value of $565.84 billion. It operates in the Global Consumer Electronics industry and has a P/E ratio of 10.54, a forward P/E ratio of 9.39, a P/B of 4.52 and a P/S of 2.41.

Over the last year revenue had a growth of 35.20%, EBITDA grew by 44.70%, and book value increased by 48.20%.

The stock saw a huge increase of 9,324.60% from Manning & Napier Advisors Inc. Robertson, John Burbank (Trades, Portfolio), Diamond Hill Capital (Trades, Portfolio) and David Einhorn (Trades, Portfolio) increased their holdings in the third quarter.

FedEx Corp. (FDX)

It has had a position in the portfolio since 2011; the guru has been increasing the stake but reduced his holding by 4.76% in the first quarter of 2015. In the third quarter he increased his stake by 10% at an average price of $159.59 per share. The deal had an impact of 0.18% on the portfolio, and the stock price dropped 16%. The stock traded for $134.71 on Thursday.

The company has a market cap of $35.91 billion and enterprise value of $40.76 billion. It operates in the Global Integrated Shipping & Logistics industry and has a P/E ratio of 31.07, a forward P/E ratio of 11.10, a P/B of 2.75 and a P/S of 0.77.

Over the past year revenue increased by 7.20% while EBITDA decreased by 23.90%, and book value decreased by 3.70%.

The stock saw a big increase of 107.26% by Paul Tudor Jones (Trades, Portfolio). Other gurus like Scott Black (Trades, Portfolio) and Mason Hawkins (Trades, Portfolio) also increased their holdings.

About the author:

Samira Meskini
I am a self made long term investor, like to look for stocks to hold forever.

Rating: 5.0/5 (1 vote)

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