John Rogers

Last Update: 04-10-2017

Number of Stocks: 191
Number of New Stocks: 14

Total Value: $8,471 Mil
Q/Q Turnover: 5%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

John Rogers Watch

  • FPA Capital Sells DeVry, Western Digital, Helmerich & Payne

    FPA Capital Fund (Trades, Portfolio) manages a portfolio composed of 23 stocks with a total value of $500 million. The company seeks long-term growth through investing primarily in carefully selected common stocks and select fixed income securities. During the first quarter it sold shares in the following stocks:


    The guru reduced its shares in DeVry Education Group Inc. (DV) by 34.83% and the transaction had an impact of -1.79% on the portfolio.

      


  • John Rogers Comments on Dun & Bradstreet Corp

    Also, corporate credit expert Dun & Bradstreet Corp. (NYSE:DNB) fell –10.62% after issuing disappointing guidance. During a mixed quarterly earnings report, the firm guided toward 1% to 3% revenue growth for 2017; Wall Street had long expected 5% growth this year. A key reason for the disappointment is the restructuring of the firm’s relationship with Salesforce.com, which will likely crimp near term growth. While recent growth has been slower than management or its investors would prefer, we think Dun & Bradstreet is well-positioned for the long term.

      


  • John Rogers Comments on Bristow Group

    Other holdings in the portfolio underperformed. Helicopter transport company supplier Bristow Group Inc. (NYSE:BRS) declined –25.41% in tandem with sinking oil prices. That said, the company actually surpassed the Street’s gloomy expectations, losing $0.28 per share rather than $0.48. The stock rose on that news, but declined over the course of the quarter as oil fell from the $55 range to below $ 50. As we have said before, the commodity’s price will rise and fall, yet oil is necessary to the world; therefore we firmly believe companies will continue to need Bristow’s services.

      


  • John Rogers Comments on Kennametal

    In addition, cutting tools maker Kennametal Inc. (NYSE:KMT) surged +26.15% on solid guidance and the assumption it could benefit from a new U.S. trade policy. During the quarter, the company announced revenues would improve this year, allowing it to pare back cost-cutting. Meanwhile, Wall Street and some prominent hedge funds became more bullish on Kennametal because its overseas competitors, Iscar and Sandvik, would be hurt if U.S. trade policy became more protectionist. We admire the firm not for short- term tailwinds but for its strong positioning in a small but crucial niche business.

      


  • John Rogers Comments on Viacom

    Some stocks in the portfolio performed quite well. Media company Viacom, Inc. (NASDAQ:VIAB) leapt +33.44% as new CEO Bob Bakish began to implement his vision. In early February, as the company announced earnings per share of $1.04 versus the $ 0.83 consensus, Bakish introduced his five-point strategy. We especially like his decision to emphasize six flagship brands: BET, Comedy Central, MTV, Nickelodeon, Nick Jr., and Paramount. A week later he underscored this point when he asked the CEO of underperforming Paramount to step down. We think focusing on what matters most is smart—and especially important at a complex, intricate organization such as Viacom.

      


  • John Rogers' Ariel Fund First Quarter 2017 Commentary

    It was a strong first quarter for equities. Foreign stocks led the way with a +7.25% gain, with large-cap U.S. stocks rising +6.07% and small-caps advancing +2.47%. The ebullience beginning with the November presidential election continued for the first two months of 2017. In March, however, international stocks kept charging while U.S. stocks went flat. And so, this quarter, both foreign and U.S. shares appear to have hit low-key inflection points. Just three months ago we wrote about the international bear market, which started in 2014. That downturn may well have ended; the MSCI EAFE Index is now up roughly +10% since mid-November. For domestic stocks, we think the plateau in March was most likely a measured response to the Federal Reserve’s quarter-point rate hike mid-month. To date, nobody knows whether the sideways move was a pause or a lasting deceleration. This quarter, Ariel Fund gained +6.56%, trouncing the Russell 2500 Value Index’s +1.62% move as well as the +3.76% rise of the Russell 2500 Index.

      


  • John Rogers' Ariel Fund March Commentary

    As you know, Ariel Investments focuses on small-caps, mid-caps, large-caps as well as international stocks. The indexes above represent these broad investment universes.


    As you can see, international stocks had a great month, with the MSCI EAFE rising nearly 3% to close out a strong first quarter. Meanwhile, U.S. stocks were flat across large -, mid-, and small-caps in March. Despite the soft finish to the quarter, it was a good one for domestic shares—albeit much better for large- and mid-caps than for small-caps.

      


  • Barrick Gold Risks Suspension of Operations at Argentine Mine

    Argentina's environmental ministry asked for Barrick Gold’s (NYSE:ABX) temporary cessation of all operations at the Veladero mine, Reuters.com reported April 7, because of the breakage of a pipe carrying the cyanide solution that is spread over the heap’s surface to leach the precious metal on March 28.


    Barrick Gold needs to prepare a new working plan for Veladero mine and file with the Argentinian authorities if it wants to continue its business in the San Juan Province, said the energy minister of the Argentinian government following a meeting between Argentinian officials and the world’s biggest gold producer’s executives April 6.

      


  • Robert Olstein's Largest Sales of 4th Quarter

    Robert Olstein (Trades, Portfolio) is the chairman and chief investment officer of the Olstein Financial Alert Fund. He is considered to be an expert in corporate financial disclosure and reporting practices. During the fourth quarter, the firm sold shares in the following stocks:


    The guru reduced his stake in Harman International Industries Inc. (HAR) by 53.50% with an impact of -1.18% on the portfolio.

      


  • 6 Companies That Offer Strong Value Potential for 2nd-Quarter 2017

    As discussed in previous articles, the GuruFocus value screeners can identify strong value opportunities for short-term and long-term investing. The following six companies made multiple value screeners as of Mar. 29: Wipro Ltd. (NYSE:WIT), The Cheesecake Factory Inc. (NASDAQ:CAKE), Casey’s General Stores Inc. (NASDAQ:CASY), Anika Therapeutics Inc. (NASDAQ:ANIK), F5 Networks Inc. (NASDAQ:FFIV) and Copart Inc. (NASDAQ:CPRT). These six companies offer strong value potential for second-quarter 2017.


    Brief summary of the financial strength scores and the FZM Screener

      


  • Ariel Funds: Bank Stocks Are Overvalued

    Vice Chairman of John Rogers (Trades, Portfolio)' Ariel Investments, Charles Bobrinskoy, commented on the pullback in the market this week, saying bank stocks were very cheap in June, got to fair value the day after election, ran to overvalued and now are coming back to earth. He also believes regional bank stocks are too expensive.

    Financials compose 28% of Ariel's portfolio as their largest represented sector. Their largest positions in bank stocks are: Banco Santander Chile (NYSE:BSAC), BOK Financial (NASDAQ:BOKF) and US Bancorp (NYSE:USB).   


  • Executive Chairman Slashes Stake in Gilead Sciences

    Insider John Martin, the executive chairman of Gilead Sciences (NASDAQ:GILD), sold 73,333 shares on March 3 for $70.38 per share according to a Form 4 filing with the securities and exchange commission


    Gilead Sciences has a market cap of $88.72 billion, a price-earnings (P/E) ratio of 6.83, an enterprise value of $103.65 billion and a price-book (P/B) ratio of 4.71.

      


  • John Rogers' Ariel Fund February Commentary

    Warren Buffett (Trades, Portfolio) often says, “Be greedy when others are fearful; be fearful when others are greedy.” While we do not think it is time for fear, it is certainly reasonable to be skeptical. We are not counseling pessimism but rather an intellectual caution leaning against groupthink and wide-eyed optimism—since there are some signs of market euphoria.  


  • Brink's Insider Reduces Position in Company

    Peter Feld, a director of The Brink’s Co. (NYSE:BCO), sold 900,000 shares in 40 transactions between March 3 and March 7, according to SEC filings. They were sold for an average price of $52.39 per share.


    Feld now owns 3,028,940 shares of the company following the sale.

      


  • Insiders Invest in Edgewater Technology

    Edgewater Technology Inc. (NASDAQ:EDGW) directors purchased a combined 85,000 shares on March 3.


    According to SEC filings, Kurt Wolf purchased 20,000 shares of the company for $6.83 per share, Stephen Bova purchased 15,000 shares for $6.62 per share and Frederick DiSanto bought 50,000 shares for $6.59 per share.

      


  • Costco Reports Good Sales Growth for Fiscal 2nd Quarter

    During the company’s fiscal second-quarter 2017, Costco Wholesale Corp. (NASDAQ:COST) reported net sales of $29.13 billion, net income of $515 million and diluted earnings per share of $1.17. These results outperformed results from the prior year, suggesting the company has good growth potential for fiscal 2017.


    Brief summary of earnings report

      


  • Whitney Tilson and the Saga of Lumber Liquidators

    Whitney Tilson (Trades, Portfolio), one of the high-profile investors followed by GuruFocus, has dramatically reversed his opinion about Lumber Liquidators Holdings Inc. (NYSE:LL).


    Tilson famously shorted Lumber Liquidators twice in the past five years but now thinks it may have potential as a long name. He hasn’t said a lot on the subject, but this slide from Robin Hood Investors Conference on Nov. 29, 2016 shows his history with the stock and makes it clear where he stood at the time of the conference.

      


  • 8 Stocks With Strong Yields but Falling Prices

    According to the GuruFocus All-in-One Screener, the following stocks have high dividend yields but performed poorly over the past 12 months.


    Blackrock Virginia Municipal Bond Trust’s (BHV) dividend yield is 4.82% with a payout ratio of 0.55%. Over the past 52 weeks the price declined 14.2%, and the stock is now trading with a price-earnings (P/E) ratio of 10.9 and a price-sales (P/S) ratio of 14.9.

      


  • John Rogers' Ariel Fund January Commentary

    In January, our monthly commentary typically focuses on the prior year’s asset flows, since they often a reveal a lot about investor sentiment. As we have noted before, asset flows have followed a different pattern in the wake of the great financial crisis. Specifically, bonds tended to receive inflows, domestic equity saw outflows, and passive management began dominating active management—mainly but not only in equities. More subtly, a long-standing preference for funds with strong short-term performance became even more pronounced.

      


  • 8 High-Yield Stocks With a Negative 1-Year Performance

    According to the GuruFocus All-in-One Screener, the following stocks have high dividend yields but performed poorly over the past 12 months.


    United-Guardian Inc.’s (NASDAQ:UG) dividend yield is 4.96% with a payout ratio of 1.73%. Over the past 52 weeks however, the price declined 23.1%, and the stock is now trading with a price-earnings (P/E) ratio of 30.90 and a price-sales (P/S) ratio of 7.2.

      


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