RS Investment Management (Trades, Portfolio) is a privately held San Francisco-based investment firm that provides services for pension and profit-sharing plans, pooled investment vehicles, corporations and banks. In both the fourth quarter of 2015 and first quarter of 2016 the guru bought shares in the following stocks:
Quaker Chemical Corp. (KWR)
During the fourth quarter 2015 the fund increased its stake by 2.53% and increased it by 37.29% in the first quarter 2016. The fund holds 0.04% of outstanding shares in the company, develops, produces and markets formulated chemical specialty products for heavy industrial and manufacturing applications.
During the last quarter operating performance contributed to earnings per diluted share 98 cents compared to 78 cents in the first quarter of 2015 and non-GAAP earnings per diluted share increased 4%.
The largest shareholder among the gurus is Chuck Royce (Trades, Portfolio) with 7.67% of outstanding shares followed by Jim Simons (Trades, Portfolio) with 1.34%, Barrow, Hanley, Mewhinney & Strauss with 0.26% and Mario Gabelli (Trades, Portfolio) with 0.04%.
Colgate-Palmolive Co. (CL)
During the fourth quarter 2015 the guru increased its stake by 2.66% and by 1.46% in the first quarter 2016. It is a consumer products company. The company provides services such as oral care, personal care, home care and pet nutrition.
During the first quarter net sales decreased 7.5% from the same quarter of a year before, but organic sales grew 5.0%. Gross profit margin was 59.8% compared to 58.8% in first quarter 2015.
Simons is the company's largest shareholder among the gurus with 1.11% of outstanding shares followed by First Eagle Investment (Trades, Portfolio) with 0.52%, Jeremy Grantham (Trades, Portfolio) with 0.26%, Pioneer Investments (Trades, Portfolio) with 0.24%, Donald Yacktman (Trades, Portfolio) with 0.15%, Yacktman Fund (Trades, Portfolio) with 0.13% and Paul Tudor Jones (Trades, Portfolio) with 0.03%.
Public Service Enterprise Group Inc. (PEG)
During the fourth quarter of 2015 the fund increased its stake by 2.53% and increased it by 12.91% in the first quarter of 2016. The fund holds 0.07% of outstanding shares in the company and operates as an energy company with a diversified business mix. Its operations are located primarily in the Northeastern and Mid-Atlantic U.S.
First quarter net income was 93 cents per share as compared to $1.15 per share in the first quarter of 2015. Operating earnings was 91 cents per share compared to $1.04 per share in the same quarter of a year before.
The largest shareholder among the gurus is Pioneer Investments (Trades, Portfolio) with 0.6% of outstanding shares followed by Grantham with 0.11%.
Boingo Wireless Inc. (WIFI)
During the fourth quarter 2015 the guru increased its stake by 52.50% and by 43.40% in the first quarter 2016. The fund holds 1.12% of outstanding shares in the company that along with its subsidiaries provides mobile Wi-Fi Internet solutions. It installs, manages and operates wireless network infrastructure to provide Wi-Fi services at its managed and operated hotspots, such as airports and hotels.
Columbia Wanger (Trades, Portfolio) is the company's largest shareholder among the gurus with 8.56% of outstanding shares followed by Simons with 2.85%, Royce with 1.17% and Jones with 0.07%.
Westlake Chemical Corp. (WLK)
During the fourth quarter of 2015 the fund increased its stake by 3.33% and by 839.14% in the first quarter of 2016. The fund holds 0.05% of outstanding shares in the company, a manufacturer and marketer of basic chemicals, vinyls, polymers and fabricated products. It operates in two principal business segments, Olefins and Vinyls.
During the last quarter, quarterly cash distribution increased by 2.86%, and net income had an increase of $3.6 million compared to first quarter 2015.
The largest shareholder among the gurus is Royce with 0.69% of outstanding shares followed by Simons with 0.38%, Louis Moore Bacon (Trades, Portfolio) with 0.29%, Joel Greenblatt (Trades, Portfolio) with 0.13%, T Boone Pickens (Trades, Portfolio) with 0.09% and Michael Price (Trades, Portfolio) with 0.08%.
FedEx Corp. (FDX)
During the fourth quarter of 2015 the guru increased its stake by 44.84% and by 13.15% in the first quarter. The fund holds 0.01% of outstanding shares in the company, a portfolio of transportation, ecommerce and business services. It operates in four business units: FedEx Express, FedEx Ground, FedEx Freight and FedEx Services.
During the first quarter due to improved yield management and the continued positive impacts from profit improvement program initiatives at FedEx Express, adjusted operating income grew 19%.
PRIMECAP Management (Trades, Portfolio) is the largest shareholder of the company among the gurus with 6% of outstanding shares followed by Dodge & Cox with 4.62%, Mason Hawkins (Trades, Portfolio) with 2.49%, Bill Gates (Trades, Portfolio) with 1.13%, Bill Nygren (Trades, Portfolio) with 0.82%, Julian Robertson (Trades, Portfolio) with 0.05% and Pioneer Investments (Trades, Portfolio) with 0.05%.
Nike Inc. (NKE)
During the fourth quarter 2015 the fund increased its stake by 98.06% and increased it by 1.03% in the first quarter. The fund holds 0.01% of outstanding shares in the company, designs, develops and markets footwear, apparel, equipment and accessory products. It is a seller of athletic footwear and athletic apparel. It sells its products through NIKE-owned in-line and factory retail stores and Internet websites.
First quarter revenues grew 14% from the same quarter of a year before, and diluted earnings per share increased 22%.
The largest shareholder among the gurus is Spiros Segalas (Trades, Portfolio) with 0.73% of outstanding shares followed by Steve Mandel (Trades, Portfolio) with 0.71%, Frank Sands (Trades, Portfolio) with 0.37%, Grantham with 0.19%, Pioneer Investments (Trades, Portfolio) with 0.14%, Tom Gayner (Trades, Portfolio) with 0.02% and John Hussman (Trades, Portfolio) with 0.01%.
ProNAi Therapeutics Inc. (DNAI)
During the fourth quarter of 2015 the guru increased its stake by 12.28% and increased it by 4.08% in the first quarter 2016. The fund holds 3.25% of outstanding shares in the company, a clinical-stage oncology company pioneering a novel class of therapeutics based on its proprietary DNAi technology platform.
Research and development expenses increased to $6.6 million for the first quarter and general and administrative expenses increased to $4.0 million from $1.4 million for the same quarter of a year before.
Simons is the company's largest shareholder among the gurus with 0.15% of outstanding shares.
FEI Co. (FEIC)
During the fourth quarter of 2015 the fund increased its stake by 25.99% and increased it by 72.36% in the first quarter. The fund holds 0.2% of outstanding shares in the company and supplies scientific instruments and related services for nanoscale applications and solutions for industry and science. Its products include transmission electron microscopes, scanning electron microscopes and DualBeamTM systems.
The largest shareholder among the gurus is Ken Fisher (Trades, Portfolio) with 2.15%, of outstanding shares followed by Ron Baron (Trades, Portfolio) with 2.08%, PRIMECAP Management (Trades, Portfolio) with 1.61%, Westport Asset Management (Trades, Portfolio) with 0.73%, Royce with 0.58% and Pioneer Investments (Trades, Portfolio) with 0.07%.
Disclosure: I do not own any shares of any stocks mentioned in this article.
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