James Barrow (Trades, Portfolio) is executive director of investment firm Barrow, Hanley, Mewhinney & Strauss, the lead portfolio manager for the Vanguard Windsor II and Selected Value Funds. He exited his position in many stocks during the fourth quarter.
The guru closed his positon in Sysco Corp. (SYY) and the deal had an impact of -0.06% on the portfolio.
The company through its subsidiaries and divisions is engaged in the distribution of food and related products to the foodservice or food-away-from-home industry. During the second quarter, sales increased 0.6%, gross profit increased 3.4% and adjusted operating income increased 10.2%.
GuruFocus gives the stock a profitability and growth rating of 6 out of 10 with positive returns of ROE of 6.56% and ROA of 3.62% that are over performing 63% of the companies in the Global Food Distribution industry. Financial strength has a rating of 8 out of 10, with a cash-to-debt of 0.14 that is below the industry median of 0.49.
The company’s largest shareholder among the gurus is Donald Yacktman (Trades, Portfolio) with 3.64% of outstanding shares, followed by Yacktman Fund (Trades, Portfolio) with 1.9%, Diamond Hill Capital (Trades, Portfolio) with 1.25%, Yacktman Focused Fund (Trades, Portfolio) with 1.13%, Jim Simons (Trades, Portfolio) with 0.51% and Jeremy Grantham (Trades, Portfolio) with 0.18%.
Another stock that lost its position in the portfolio is SPX Corp. (SPXC). The deal had an impact of -0.03% on the portfolio.
The company is a multi-industry manufacturer of specialized, engineered solutions with operations in over 35 countries and sales in over 150 countries internationally. In the last quarter it completed the spin-off of SPX FLOW and it took actions to improve execution and increase control over the projects. Third quarter revenue had an increase of 3.9% and due to higher sales of cooling products, organic revenues increased 4.6%.
GuruFocus gives the stock a profitability and growth rating of 6 out of 10, but the company has negative returns of ROE of -6.87% and ROA of -2.01% that are underperforming 86% of the companies in the Global Diversified Industrials industry. Financial strength has a rating of 7 out of 10, with a cash-to-debt of 0.20 that is below the industry median of 0.85.
Jim Simons (Trades, Portfolio) is the largest shareholder of the company among the gurus with 1.94% of outstanding shares, followed by Paul Tudor Jones (Trades, Portfolio) with 0.17%, First Pacific Advisors (Trades, Portfolio) with 0.1% and Joel Greenblatt (Trades, Portfolio) with 0.03%.
The investor exited his positon in Neenah Paper Inc. (NP) and the deal had an impact of -0.01% on the portfolio.
The company is organized into two primary businesses: a specialty, performance-based technical products business and a premium fine papers business.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with easy returns of ROE of 22.43% and ROA of 9.09% that are over performing 89% of the companies in the Global Paper & Paper Products industry. Financial strength has a rating of 6 out of 10, with a cash-to-debt of 0.02 that is far below the industry median of 0.27.
The company’s largest shareholder among the gurus is Chuck Royce (Trades, Portfolio) with 9.46% of outstanding shares, followed by NWQ Managers (Trades, Portfolio) with 2.86%, Jim Simons (Trades, Portfolio) with 0.22% and Paul Tudor Jones (Trades, Portfolio) with 0.06%.
EMCOR Group Inc. (EME) is another stock that lost its position in the portfolio. The deal had an impact of -0.01% on the portfolio.
The company is an electrical and mechanical construction and facilities services firm. It provides services to several commercial, industrial, utility and institutional customers through its operating subsidiaries and joint venture entities. During the third quarter, revenue had a 8.5% increase year-over-year and total backlog grew by 1.9%.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with easy returns of ROE of 11.16% and ROA of 4.80% that are over performing 65% of the companies in the Global Engineering & Construction industry. Financial strength has a rating of 8 out of 10, with a cash-to-debt of 1.38 that is above the industry median of 0.69.
Ruane Cunniff (Trades, Portfolio) is the largest shareholder among the gurus with 2.54% of outstanding shares, followed by Chuck Royce (Trades, Portfolio) with 2.38%, Joel Greenblatt (Trades, Portfolio) with 0.64%, Jim Simons (Trades, Portfolio) with 0.33%, David Dreman (Trades, Portfolio) with 0.25% and Third Avenue Management (Trades, Portfolio) with 0.23%.
The guru exited his positon in Chemical Financial Corp. (CHFC), and the deal had an impact of -0.01% on the portfolio.
It is a financial holding company with its business concentrated in commercial banking.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with easy returns of ROE of 9.43% and ROA of 1.03% that are over performing 55% of the companies in the Global Banks - Regional - US industry. Financial strength has a rating of 6 out of 10, with a cash-to-debt of 0.37 that is below the industry median of 2.28.
The largest shareholder among the gurus is Jim Simons (Trades, Portfolio) with 0.49% of outstanding shares, followed by Jeremy Grantham (Trades, Portfolio) with 0.1%.
Barrow also sold his stake in Wintrust Financial Corp. (WTFC). The deal had an impact of -0.01% on the portfolio.
The company is a financial holding company engaged in the business of providing community-oriented, personal and commercial banking and wealth management services to customers located in the Chicago metropolitan area and in southeastern Wisconsin. In the third quarter total loans, excluding covered loans and mortgage loans held-for-sale, increased by 19% on an annualized basis and total deposits increased by 9% on an annualized basis.
GuruFocus gives the stock a profitability and growth rating of 5 out of 10 with weak returns of ROE of 6.54% and ROA of 0.74% that are under performing 65% of the companies in the Global Banks - Regional - US industry. Financial strength has a rating of 4 out of 10, with a cash-to-debt of 0.57 that is below the industry median of 2.28.
Ken Fisher (Trades, Portfolio) is the largest shareholder among the gurus with 2.72% of outstanding shares, followed by John Keeley (Trades, Portfolio) with 1.58%, David Dreman (Trades, Portfolio) with 0.55% and Mairs and Power (Trades, Portfolio) with 0.27%.
Barrow exited his positon in LinnCo LLCÂ (LNCO) and the deal had an impact of -0.01% on the portfolio.
The company owns interests in Linn Energy LLC. It had no significant assets or operations other than those related to its interest in LINN Energy. LINN Energy is an independent oil and natural gas company.
GuruFocus gives the stock a profitability and growth rating of 6 out of 10, though it has very negative returns of ROE of -157.05% and ROA of -137.60% that are underperforming 95% of the companies in the Global Oil & Gas E&P industry. Financial strength has a rating of 4 out of 10 with no debt.
The company’s largest shareholder among the gurus is Paul Tudor Jones (Trades, Portfolio) with 0.01% of outstanding shares.
Ennis Inc. (EBF) is another stock that lost its position in the portfolio.
The company is a provider of business forms to independent distributors in the U.S. and is also a provider of blank t-shirts in North America to the active-wear market. Third quarter adjusted EBITDA had an increase of 26.4%, and cash provided by operating activities increased by 70.6% compared to the same quarter of a year before.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with positive returns of ROE of 13.56% and ROA of 9.13% that are overperforming 76% of the companies in the Global Business Equipment industry. Financial strength has a rating of 8 out of 10, with a cash-to-debt of 0.31 that is below the industry median of 0.85.
Jim Simons (Trades, Portfolio) is the largest shareholder among the gurus with 1.86% of outstanding shares, followed by Robert Bruce (Trades, Portfolio) with 0.71%, Joel Greenblatt (Trades, Portfolio) with 0.12% and Paul Tudor Jones (Trades, Portfolio) with 0.04%.
Barrow also exited his positon in City Holding Co. (CHCO).
The company’s loan portfolio is comprised of commercial and industrial, commercial real estate, residential real estate, home equity-junior lien, consumer loans, DDA overdrafts and previously securitized loans
GuruFocus gives the stock a profitability and growth rating of 8 out of 10 with positive returns of ROE of 13.13% and ROA of 1.52% that are overperforming 75% of the companies in the Global Banks - Regional - US industry. Financial strength has a rating of 4 out of 10, with a cash-to-debt of 4.25 that is above the industry median of 2.28.
The largest shareholder among the gurus is Chuck Royce (Trades, Portfolio) with 3.67% of outstanding shares.
Barrow also sold his holding in Weight Watchers International Inc. (WTW).
The company is a global-branded consumer company and is a provider of weight management services, operating globally through a network of company-owned and franchise operations.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with easy returns of ROA of 3.34%. Financial strength has a rating of 5 out of 10, with a cash-to-debt of 0.10 that is below the industry median of 0.96.
Steven Cohen (Trades, Portfolio) is the largest shareholder among the gurus with 3.92% of outstanding shares, followed by Jim Simons (Trades, Portfolio) with 0.22%, Jeff Auxier (Trades, Portfolio) with 0.08% and Ken Fisher (Trades, Portfolio) with 0.02%.
