Here are the best performing ASX 200 shares so far in 2021

Shareholders of these five ASX 200 shares must feel on top of the world!
The post Here are the best performing ASX 200 shares so far in 2021 appeared first on The Motley Fool Australia. –

Leading up to the midpoint of 2021, it might be time to take stock and see how your investments stack up against the best performing shares in the S&P/ASX 200 Index (ASX: XJO) so far this year.

While the arbitrary timeframe of performance holds little weight in the long term, it can be helpful to understand what a winning investment looks like. Whether it’s macro trends, business decisions, or speculation – there’s usually a reason behind strong performance.

So, let’s make like a rock and get rolling…

Top 5 ASX 200 shares, you might be surprised

We covered 2021’s top performers out of all the ASX-listed shares on Wednesday. But today is solely for those that are included in the benchmark index.

And here they are…

ARB Corporation Limited (ASX: ARB)

The Australia-based 4×4 accessories manufacturer has shot the lights out so far this year. This ASX 200 share has gained 48% year to date (YTD). Making its performance all the more impressive, this is on the back of a 64% gain in 2020.

The company has benefitted from a massive boom in vehicle sales, as savings and the desire to travel locally surged. For the half year ended December 2020, ARB reported revenue of $283.9 million, representing an increase of 21.6% on the prior corresponding period.

Other share price catalysts included the company’s acquisition of Truckman – a utility accessories manufacturer in the United Kingdom, and a strategic collaboration with Ford Motor Company for its new Ford Bronco.

Reece Ltd (ASX: REH)

Ultra-low interest rates, a rebounding economy, and money to spend – a recipe for a thriving property market. Whether it’s building brand new, or updating the bathroom, Reece has captured plenty of the property tailwinds. Reece is Australia’s largest supplier of all things bathroom, kitchen, plumbing and HVAC.

The company reported a 4% increase in revenue for the half-year. Meanwhile, earnings before interest, tax, depreciation, and amortisation (EBITDA) jumped 12% to $349 million. With the property trend continuing into 2021, investors have been buying up this ASX 200 share in their droves.

The Reece share price has gained almost 50% YTD.

Pilbara Minerals Ltd (ASX: PLS)

Lithium prices have flown higher this year, with carbonate and hydroxide pushing more than 50% off November 2020 lows. The upwards move in the electrifying commodity has boosted revenues and earnings margins for lithium mining companies, such as Pilbara Minerals.

As of December 2020, the company’s trailing 12-month revenue was $105.5 million, an increase of 59.4% from December 2019. Additionally, the company’s strategy and outlook announcement on 11 May showed plans to further increase production.

The Pilbara Minerals share price has surged 53% so far this year. Despite the jump in its share price, the company is still one of the smaller shares in the ASX 200 index with a market capitalisation of around $3.85 billion.

Pro Medicus Limited (ASX: PME)

Pro Medicus is a provider of healthcare imaging software, ranging across medical accounting, clinical reporting, appointment scheduling and more. The company runs on a software-as-a-service (SaaS) model, making it important for it to land new contracts.

So far in 2021, Pro Medicus has landed a few big contracts, instilling investor optimism. In January, the company signed a 7-year contract with Intermountain Healthcare for $40 million.

Then in February, another 7-year contract – this time with a major University Health System for $31 million. Lastly, an 8-year contract worth $14 million was signed with the University of Vermont Health Network in May.

The flurry of new customers has been met with a 58% share price increase YTD.

Codan Limited (ASX: CDA)

Finally, taking out the spot for best performing ASX 200 share so far in 2021 with a gain of almost 66% YTD is… Codan. A manufacturer of metal detectors, communications, and tracking solutions, Codan has enjoyed record sales – driven predominantly by metal detector and tracking solution sales.

Furthermore, the company has made two acquisitions already this year, the first being Domo Tactical Communications. Domo is a provider of high-bandwidth wireless communications to more than 20 key United States Government agencies.

The second acquisition involved Zetron Inc, a provider of mission-critical communication technologies. Codan anticipates that the acquired business will contribute roughly $67 million in sales during the next financial year.

The post Here are the best performing ASX 200 shares so far in 2021 appeared first on The Motley Fool Australia.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of May 24th 2021

More reading

5 things to watch on the ASX 200 on Friday

ASX 200 drops, Sonic acquires, Challenger down

Could investing in the ASX 300 be better than the ASX 200?

Investors warn ASX 200 boards to stamp out sexual harassment

Are crashing ASX mining shares an opportunity or a disaster to run from?

Motley Fool contributor Mitchell Lawler owns shares of Pro Medicus Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Pro Medicus Ltd. The Motley Fool Australia owns shares of and has recommended Pro Medicus Ltd. The Motley Fool Australia has recommended ARB Corporation Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;

To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.

An active and funded account with a positive trading balance is required to continue to have access to the tools;

Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;

Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!