Is it a Good Choice to Invest in Atlas Copco (ATLKY)?

ClearBridge Investments, an investment management firm, published its “International Growth ACWI ex-U.S. Strategy” fourth quarter 2021 investor letter – a copy of which can be downloaded here. During the fourth quarter, the ClearBridge International Growth ACWI ex-U.S. Strategy outperformed its MSCI ACWI Ex-U.S. benchmark. The Strategy delivered gains across seven of the 10 sectors in which it was invested (out of 11 total), with the consumer staples, industrials, health care, and materials sectors the primary contributors. The financials, communication services, and consumer discretionary sectors were detractors. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

ClearBridge Investments International Growth ACWI ex-U.S. Strategy, in its Q4 2021 investor letter, mentioned Atlas Copco AB (NYSE:ATLKY) and discussed its stance on the firm. Founded in 1873, Atlas Copco AB (NYSE:ATLKY) is a Nacka Municipality, Sweden-based multinational industrial company with a $63.7 billion market capitalization, and is currently spearheaded by its CEO, Mats Rahmström. Atlas Copco AB (NYSE:ATLKY) delivered a -24.45% return since the beginning of the year, while its 12-month returns are down by -17.59%. The stock closed at $52.37 per share on April 04, 2022.

Here is what ClearBridge Investments International Growth ACWI ex-U.S. Strategy has to say about Atlas Copco AB (NYSE:ATLKY) in its Q4 2021 investor letter:

“We are encouraged by the resilience of the companies we hold across the portfolio, with particular strength during the quarter among our secular and structural growth holdings. Among structural names, European industrial company Atlas Copco has also held up well through supply chain challenges.”

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Our calculations show that Atlas Copco AB (NYSE:ATLKY) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. Atlas Copco AB (NYSE:ATLKY) delivered a -26.14% return in the past 3 months. You can find other letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q4 page.

Disclosure: None. This article is originally published at Insider Monkey.