Halliburton Company (HAL), C.R. Bard, Inc. (BCR), Microsoft Corporation (MSFT): Stocks that Boosted Valueact Capital

Valueact Capital, managed by Jeffrey Ubben finished first quarter ending March 31, 2013 on a high, appreciating by 9.7% after payment of all fees and expenses. Since its inception in 2000, the fund has appreciated by 16.6% on a net annualized basis with key company positions in Halliburton Company (NYSE:HAL), C.R. Bard, Inc. (NYSE:BCR), Microsoft Corporation (NASDAQ:MSFT) and Gardner Denver, Inc. (NYSE:GDI), etc. Recovering global economy has seen an increase in valuation for the likes of Moody’s Corporation (NYSE:MCO) and Gardner Denver, Inc. (NYSE:GDI) by 10% in cash-on-cash valuation.

VALUEACT CAPITAL

During the first quarter of 2013 Value Act Capital realized its investments in Moody’s Corporation (NYSE:MCO), Halliburton Company (NYSE:HAL) and Gardner Denver, Inc. (NYSE:GDI) as well as agreeing to be acquired by KKR in a LBO. Value Act Capital’s investments in Moody’s Corporation (NYSE:MCO) paid off as the company’s earnings and multiple expanded having been bought on the thesis that the Federal Reserve monetary policy of low-interest rates was conducive. The stock of Moody’s Corporation (NYSE:MCO) increased by 67.71% from the beginning of the second quarter of 2013.

Valueact Capital projection on Halliburton Company (NYSE:HAL) meeting supply needs for big new players in North American land production, proved to be correct for the quarter. Halliburton Company (NYSE:HAL) strong stock performance was, on the other hand, impacted by higher valuation on improved psychology for future-upturn in activity. The stock of Halliburton Company (NYSE:HAL) has jumped 73.68% since the first quarter of 2013.

As of the end of the first quarter Valueact Capital had sold approximately $144 million of its position in C.R. Bard, Inc. (NYSE:BCR), a position that was built from 2009 to 2010 at approximately $80 a share. Depressed healthcare spending and changing procurement practices have greatly affected the company’s stock price over the past years. C.R. Bard, Inc. (NYSE:BCR)’s stock has increased by 45.51% from the beginning of the second quarter of 2013.

During the first quarter, Value Act Capital initiated three new investments in the name of MICROS Systems, Inc. (NASDAQ:MCRS), Invensys PLC and Microsoft Corporation (NASDAQ:MSFT). The shares of Microsoft Corporation (NASDAQ:MSFT) surged by 45.72% from the third quarter of 2013.

Valueact Capital took advantage of MICROS Systems, Inc. (NASDAQ:MCRS)’s share price weakness to make an investment in the company after 10 years of following and admiration. The company initiated its position in MICROS Systems, Inc. (NASDAQ:MCRS) at an average cost of $42.73 per share. The stock of MICROS Systems, Inc. (NASDAQ:MCRS) increased by50.02% from July 2013.

Investment in Invensys also follows 5-years of following including holding meetings with current and former CEO’s. Value Act Capital holds a 7% position in Invensys at a cost of 3.40 a share.

Disclosure: none

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 44 percentage points in 21 months Learn how!

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!