Robert Rodriquez has managed the FPA Capital Fund (Trades, Portfolio) and the FPA New Income Fund since the funds' inceptions in 1984. He manages a portfolio composed of 22 stocks; during the first quarter he bought shares in the following stocks:
The fund raised its stake in Western Digital Corp. (WDC) by 44.26% with an impact of 2.3% on the portfolio.
The company is a developer, manufacturer and provider of data storage solutions that enable consumers, businesses, governments and other organizations to create, manage, experience and preserve digital content. During the last quarter it generated $598 million in cash from operations during the second fiscal quarter, ending with total cash and cash equivalents of $5.4 billion. For the future it will continue to execute well as it manages business within an increasingly challenging global economic environment.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with ROE of 12.26% and ROA of 7.46% that are outperforming 74% of the companies in the Global Data Storage industry. Financial strength has a rating of 8 out of 10 with cash to debt of 2.34 that is above the industry median of 1.54.
T Rowe Price Equity Income Fund (Trades, Portfolio) is the company's largest shareholder among the gurus with 1.06% of outstanding shares followed by Charles Brandes (Trades, Portfolio) with 0.98%, First Pacific Advisors (Trades, Portfolio) with 054%, Joel Greenblatt (Trades, Portfolio) with 0.41% and Pioneer Investments (Trades, Portfolio) with 0.1%.
The guru increased its stake in Houghton Mifflin Harcourt Co. (HMHC) by 98.65% with an impact of 0.76% on the portfolio.
The company is an educational and trade publisher in the U.S. During the fourth quarter net sales and billing grew 12%, and operating loss decreased 4% from the same quarter of a year before. It also repurchased 11.4 million shares through privately negotiated transactions bringing the year-to-date total to approximately $463 million worth of shares.
GuruFocus gives the stock a profitability and growth rating of 4 out of 10 with ROE of -9.45% and ROA of -4.27% that are underperforming 80% of other companies in the Global Education & Training Services industry. Financial strength has a rating of 3 out of 10 with cash to debt of 0.55 that is below the industry median of 3.40.
The leading shareholder among the gurus is Manning & Napier Advisors Inc. with 3.41% of outstanding shares followed by Ron Baron (Trades, Portfolio) with 1.42%, John Keeley (Trades, Portfolio) with 1.34%, First Pacific Advisors (Trades, Portfolio) with 0.65% and Chuck Royce (Trades, Portfolio) with 0.18%.
The fund raised its stake in Aaron's Inc. (AAN) by 13.24% with an impact of 0.58% on the portfolio.
The company is a specialty retailer of furniture, consumer electronics, computers, appliances and household accessories. Fourth-quarter revenue grew by 10%, adjusted EBITDA by 23% and non-GAAP earnings per share by 27%.
GuruFocus gives the stock a profitability and growth rating of 8 out of 10 with ROE of 10.40% and ROA 5.56% that are outperforming 61% of the companies in the Global Rental & Leasing Services industry. Financial strength has a rating of 8 out of 10 with cash to debt of 0.06 that is far below the industry median of 0.65.
Diamond Hill Capital (Trades, Portfolio) is the company's largest shareholder among the gurus with 2.97% of outstanding shares followed by First Pacific Advisors (Trades, Portfolio) with 2.71%, Mario Gabelli (Trades, Portfolio) with 1.45% and Greenblatt with 1.29%.
The guru increased its stake in Babcock & Wilcox Enterprises Inc. (BW) by 7.78% with an impact of 0.26% on the portfolio.
The company is a global leader in energy and environmental technologies and services for the power and industrial markets with operations, subsidiaries and joint ventures worldwide.
During the fourth quarter revenue increased 13.1% primarily from higher volume in Global Power and good project execution in Industrial Environmental. Partially offset by increased SG&A expenses related to being a stand-alone company, adjusted operating income increased 3.7%.
GuruFocus gives the stock a profitability and growth rating of 3 out of 10 with ROE of 2.62% and ROA of 1.22% that are underperforming 63% of other companies in the Global Electronic Components industry. Financial strength has a rating of 5 out of 10 with cash to debt of 184.13 that is far above the industry median of 1.45.
The company's leading shareholder among the gurus is Mariko Gordon (Trades, Portfolio) with 5.67% of outstanding shares followed by First Pacific Advisors (Trades, Portfolio) with 3.15%, Steven Cohen (Trades, Portfolio) with 0.54%, Brandes with 0.09%, Greenblatt with 0.09% and Jim Simons (Trades, Portfolio) with 0.05%.
The fund raised its stake in Veeco Instruments Inc. (VECO) by 8.71% with an impact of 0.26% on the portfolio.
The company through its subsidiaries creates Process Equipment solutions that enable technologies for a cleaner and more productive world. In the fourth quarter it delivered solid revenue and adjusted EBITDA and exceeded the high end of its guidance range for gross margin. Revenue had a 6% decrease compared with the same period of last year.
GuruFocus gives the stock a profitability and growth rating of 3 out of 10 with ROE of -4.41% and ROA of -3.44% that are underperforming 76% of the companies in the Global Semiconductor Equipment & Materials industry. Financial strength has a rating of 7 out of 10 with cash to debt of 251.33 that is far above the industry median of 1.71.
Ken Fisher (Trades, Portfolio) is the company's largest shareholder among the gurus with 4.51% of outstanding shares followed by First Pacific Advisors (Trades, Portfolio) with 4.07%, Simons with 2.72% and Royce with 0.48%.
The guru increased its stake in Patterson-UTI Energy Inc. (PTEN) by 2.15% with an impact of 0.14% on the portfolio.
It is a provider of contract services to the North American oil and natural gas industry. The company operates in three industry segments namely contract drilling services, pressure pumping services and oil and natural gas exploration and production.
GuruFocus gives the stock a profitability and growth rating of 6 out of 10 with ROE of -10.51% and ROA of -5.92% that are underperforming 55% of other companies in the Global Oil & Gas Drilling industry. Financial strength has a rating of 4 out of 10,\ with cash to debt of 0.13 that is below the industry median of 0.22.
First Pacific Advisors (Trades, Portfolio) is the company's leading shareholder among the gurus with 2.84% of outstanding shares followed by Cohen with 1.92%, Kahn Brothers (Trades, Portfolio) with 0.73%, T Boone Pickens (Trades, Portfolio) with 0.25% and Simons with 0.14%.
The fund raised its stake in Dana Holding Corp. (DAN) by 0.32% with an impact of 0.02% on the portfolio.
The company provides high technology driveline axles, driveshafts and transmissions, sealing and thermal-management products. Its customer base includes vehicle manufacturers in the light vehicle, medium/heavy vehicle and off-highway markets.
GuruFocus gives the stock a profitability and growth rating of 4 out of 10 with ROE of 15.83% that is outperforming and ROA of 3.08% that is underperforming other companies in the Global Auto Parts industry. Financial strength has a rating of 5 out of 10 with cash to debt of 0.51 that is below the industry median of 0.72.
Gabelli is the company's largest shareholder among the gurus with 3.41% of outstanding shares followed by Richard Pzena (Trades, Portfolio) with 3.13%, First Pacific Advisors (Trades, Portfolio) with 2.51% and Greenblatt with 0.88%.
