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4 ASX 100 companies hitting new yearly highs

These four companies in the S&P ASX 100 Index (ASX:^XTO) hit new 52-week highs last week.

Amcor Limited (ASX: AMC) has kept climbing since the spin-off and listing of its Orora Ltd (ASX: ORA) business. Amcor’s already up 42% over the past 12 months. After the demerger, the company will still derive 95% of its annual revenue from food, beverage, healthcare, home and tobacco packaging.

The FY2013 pro-forma revenue of the company post demerger is $9.49 billion and pro-forma profit before interest, tax, depreciation and amortization is $1.35 billion.

Perpetual Limited (ASX: PPT) finalised its takeover of The Trust Company in December. The takeover target had about $88 million in revenue and $11.94 million in NPAT in 2013, compared respectively to Perpetual’s $429.18 million and $74.75 million.

The acquisition will add $1.3 billion to the company’s $27.8 billion of funds under management (FUM). In addition, it has seen two consecutive quarters of fund net inflows for the financial year.

Aurizon Holdings Ltd (ASX: AZJ) just released its above rail volumes, showing a 13% increase in coal transport compared to the 12 months to 31 December, 2012. For iron ore, there was a 42% increase from 10.6 million tonnes to 15 million tonnes over the same period. Freight volumes were 5% down for the period.

It recently announced a proposal agreed with GVK Hancock for a new rail line to be built between the Abbott Point coal terminal to the coal miner’s projects in the Galilee Basin in QLD.

CSL Limited (ASX: CSL) had a good 2013, increasing revenue 20.5% to $5.35 billion and NPAT by 33.4% to $1.31 billion.

It is carrying out a share buyback, in which it plans to buy a number of shares with an aggregate consideration of $741.4 million. It has already bought back about $208.6 million of equivalent shares, according to announcements.

52-week high

52-week price change

PE

Dividend Yield

Amcor

$10.86

+42%

20.8

3.42%

Perpetual

$50.10

+30%

26.3

2.69%

Aurizon

$5.08

+26%

21.9

2.45%

CSL

$71.20

+34%

27

1.47%

Foolish takeaway

Hitting new highs shouldn’t scare off investors. We still have to check to see if current prices are based on mere market hype, or is true growth driving the appreciation? They are going up for a reason or several, so through your research and updates you have to determine how much further that growth story has left to run.

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Motley Fool contributor Darryl Daté-Shappard does not own shares in any company mentioned. 

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