John Rogers (Trades, Portfolio), founder of Ariel Investment, bought a dozen new stakes and sold a handful in the fourth quarter, but most were comparatively small. By far his largest and most numerous trades were additions or reductions to existing stakes in his portfolio.
Rogers’ most significant fourth-quarter transaction was the reduction of his stake in Newell Rubbermaid Inc. (NWL, Financial), an Atlanta-based consumer goods company, by nearly 60%. Rogers sold 1,966,048 shares for an average price of $43.83 per share. The deal had a -0.97% impact on Rogers’ portfolio.
Rogers’ remaining stake in the company is 1,324,601 shares, which is 0.5% of the company’s outstanding shares and 0.7% of the guru’s total assets. Newell Rubbermaid’s leading shareholder among the gurus is Lee Ainslie (Trades, Portfolio) with a stake of 4,167,268 shares. The stake is 1.56% of Newell Rubbermaid’s outstanding shares and 2.65% of Ainslie’s total assets.
Newell Rubbermaid has a P/E of 26.5, a forward P/E of 13.9, a P/B of 5.6 and a P/S of 1.8. GuruFocus gives Newell Rubbermaid a Financial Strength rating of 6/10 and a Profitability and Growth rating of 7/10.
Newell Rubbermaid sold for $38.02 per share Monday.
Rogers trimmed his stake in Sothebys (BID, Financial), a London-based auction house, by nearly 45%, selling 1,000,232 shares for an average price of $30.2 per share. The transaction had a -0.4% impact on Rogers’ portfolio.
Rogers’ remaining stake in Sothebys is 1,240,509 shares, which is 1.86% of Sothebys’ outstanding shares and 0.38% of Rogers’ total assets. Daniel Loeb (Trades, Portfolio) is Sothebys’ leading shareholder among the gurus with a stake of 6,650,000 shares. The stake is 9.95% of Sothebys’ outstanding shares and 1.74% of Loeb’s total assets.
Sothebys has a P/E of 13.3, a forward P/E of 10.5, a P/B of 2 and a P/S of 1.7. GuruFocus gives Sothebys a Financial Strength rating of 7/10 and a Profitability and Growth rating of 8/10.
Sothebys sold for $24.18 per share Monday.
Rogers pared his stake in First American Financial Corp. (FAF, Financial), a financial services company based in Santa Ana, California, by more than 11%. Rogers sold 790,195 shares for an average price of $38.18 per share. The deal had a -0.38% impact on Rogers’ portfolio.
Rogers’ stake, now 6,144,140 shares, is 5.65% of First American Financial’s outstanding shares and 2.76% of the guru’s total assets. Rogers is First American Financial’s leading shareholder among the gurus.
First American Financial has a P/E of 14.3, a forward P/E of 11.1, a P/B of 1.5 and a P/S of 0.8. GuruFocus gives First American Financial a Financial Strength rating of 7/10 and a Profitability and Growth rating of 6/10.
First American Financial sold for $37.35 per share Monday.
Rogers reduced his stake in The Western Union Co. (WU, Financial), a financial services company based in Meridian, Colorado, by more than 14%. Rogers sold 1,487,840 shares for an average price of $18.88 per share. The transaction had a -0.34% impact on Rogers’ portfolio.
Rogers’ stake, now 9,049,561 shares, is 1.79% of Western Union’s outstanding shares and 1.94% of Rogers’ total assets. Western Union’s largest shareholder among the gurus is David Abrams (Trades, Portfolio) with a stake of 21,608,707 shares in his portfolio. The stake is 4.28% of Western Union’s outstanding shares and 21.16% of the guru’s total assets.
Western Union has a P/E of 11.3, a forward P/E of 10.2, a P/B of 6.5 and a P/S of 1.7. GuruFocus gives Western Union a Financial Strength rating of 7/10 and a Profitability and Growth rating of 8/10.
Western Union sold for $18.32 per share Monday.
Rogers sold nearly 10% of his stake in The Interpublic Group of Companies Inc. (IPG, Financial), a New York-based group of advertising holding companies. Rogers sold 973,510 shares for an average price of $22.55 per share. The deal had a -0.23% impact on Rogers’ portfolio.
Rogers’ stake is now 9,260,912 shares, which is 2.28% of Interpublic Group’s outstanding shares and 2.58% of Rogers’ total assets. Paul Singer (Trades, Portfolio) is Interpublic Group’s leading shareholder among the gurus with a stake of 20,015,326 shares. The stake is 4.93% of Interpublic Group’s outstanding shares and 5.7% of the guru’s total assets.
Interpublic Group has a P/E of 17.8, a forward P/E of 14, a P/B of 4.7 and a P/S of 1.2. GuruFocus gives Interpublic Group a Financial Strength rating of 5/10 and a Profitability and Growth rating of 8/10.
Interpublic Group sold for $21.19 per share Monday.
Rogers sold more than 8% of his stake in JM Smucker Co. (SJM, Financial), an Orrville, Ohio-based food processor. Rogers sold 161,193 shares for an average price of $119.42 per share. The deal had a -0.23% impact on Rogers’ portfolio.
The transaction left Rogers with a stake of 1,773,704 shares, which is 1.48% of the company’s outstanding shares and 2.62% of the guru’s total assets. Rogers is the company’s leading shareholder among the gurus.
Smucker has a P/E of 39.2, a forward P/E of 20, a P/B of 2.1 and a P/S of 2.1. GuruFocus gives Smucker a Financial Strength rating of 4/10 and a Profitability and Growth rating of 7/10.
Smucker sold for $126.89 per share Monday.
Rogers raised his stake in Zebra Technologies Corp. (ZBRA, Financial), a Lincolnshire, Illinois-based computer hardware company, by more than 142%. Rogers purchased 572,646 shares for an average price of $74.91 per share. The transaction had a 0.48% impact on Rogers’ portfolio.
Rogers’ stake, now 974,716 shares, is 1.87% of Zebra Technologies’ outstanding shares and 0.81% of Rogers’ total assets. Rogers is Zebra Technologies’ leading shareholder among the gurus.
Zebra Technologies has a forward P/E of 8.4, a P/B of 3.9 and a P/S of 1. GuruFocus gives Zebra Technologies a Financial Strength rating of 6/10 and a Profitability and Growth rating of 7/10.
Zebra Technologies sold for $68.09 per share Monday.
Rogers doubled his stake in MSG Networks Inc. (MSGN, Financial), a New York-based parent company of sports and entertainment broadcasters. Rogers purchased 1,683,205 shares for an average price of $20.37 per share. The deal had a 0.42% impact on Rogers’ portfolio.
Rogers’ stake, now 3,355,502 shares, is 4.49% of MSG Networks’ outstanding shares and 0.84% of Rogers’ total assets. Rogers is MSG Networks’ leading shareholder among the gurus.
MSG Networks has a forward P/E of 10.5 and a P/S of 1.6. GuruFocus gives MSG Networks a Financial Strength rating of 6/10 and a Profitability and Growth rating of 6/10.
MSG Networks sold for $15.71 per share Monday.
Rogers increased his stake in Bristow Group Inc. (BRS, Financial), a British civil helicopter operator, by nearly 15%. Rogers acquired 1,012,643 shares for an average price of $30.11 per share. The transaction had a 0.31% impact on Rogers’ portfolio.
Rogers’ stake, which is now 7,905,737 shares, is 22.62% of Bristow Group’s outstanding shares and 2.45% of Rogers’ total assets. Rogers is Bristow Group’s leading shareholder among the gurus.
Bristow Group has a forward P/E of 10.2, a P/B of 0.4 and a P/S of 0.3. GuruFocus gives Bristow Group a Financial Strength rating of 6/10 and a Profitability and Growth rating of 6/10.
Bristow Group sold for $15.46 per share Monday.
Rogers raised his stake in Kennametal Inc. (KMT, Financial), a supplier of tooling and industrial materials based in Latrobe, Pennsylvania, by more than 10%. Rogers bought 989,995 shares for an average price of $25.79 per share. The deal had a 0.23% impact on Rogers’ portfolio.
Rogers’ stake, which is now 10,602,518 shares, is 13.31% of Kennametal’s outstanding shares and 2.44% of Rogers’ total assets. Rogers is Kennametal’s leading shareholder among the gurus.
Kennametal has a forward P/E of 15, a P/B of 1.4 and a P/S of 0.6. GuruFocus gives Kennametal a Financial Strength rating of 4/10 and a Profitability and Growth rating of 6/10.
Kennametal sold for $19.88 per share Monday.
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