Royce & Associates, the investment firm founded by renowned guru Chuck Royce (Trades, Portfolio), sold shares of the following stocks during the first quarter.
The UniFirst Corp. (UNF, Financial) position was reduced by 56.22%. The trade had an impact of -0.43% on the portfolio.
The company, which supplies workplace uniforms and other products and services, has a market cap of $3.12 billion and an enterprise value of $2.79 billion.
GuruFocus gives the company a profitability and growth rating of 7 out of 10. The return on equity of 10.40% and return on assets of 8.39% are outperforming 54% of companies in the Apparel Manufacturing industry. Its financial strength is rated 9 out of 10.
Another notable guru shareholder of the company is Jim Simons (Trades, Portfolio)’ Renaissance Technologies with 1.09% of outstanding shares, followed by Tweedy Browne (Trades, Portfolio) with 0.17% and Third Avenue Management (Trades, Portfolio) with 0.16%.
The firm exited its Teradyne Inc. (TER, Financial) stake, impacting the portfolio by -0.33%.
The company, which manufactures automatic test systems, has a market cap of $8.31 billion and an enterprise value of $7.79 billion.
GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 28.53% and return on assets of 16.77% are underperforming 57% of companies in the Semiconductor Equipment and Materials industry. Its financial strength is rated 8 out of 10. The cash-debt ratio of 2.36 is above the industry median of 1.69.
The company's largest guru shareholder is PRIMECAP Management (Trades, Portfolio) with 1.17% of outstanding shares, followed by Simons’ firm with 1.02%, NWQ Managers (Trades, Portfolio) with 0.55% and Ken Fisher (Trades, Portfolio) with 0.21%.
Royce's firm closed its Strategic Education Inc. (STRA, Financial) holding, impacting the portfolio by -0.29%.
The company, which provides academic programs, has a market cap of $3.77 billion and an enterprise value of $3.38 billion.
GuruFocus gives the company a profitability and growth rating of 5 out of 10. The return on equity of -1.45% and return on assets of -1.19% are outperforming 57% of companies in the Education and Training Services industry. Its financial strength is rated 9 out of 10.
The company's largest guru shareholder is Simons’ firm with 4.50% of outstanding shares, followed by Jeff Ubben (Trades, Portfolio)’s ValueAct with 01.86% and Hotchkis & Wiley with 0.08%.
The Oaktree Capital Group LLC (OAK, Financial) holding was trimmed 75.18%, impacting the portfolio by -0.27%.
The global alternative asset management company has a market cap of $7.67 billion and an enterprise value of $14.07 billion.
GuruFocus gives the company a profitability and growth rating of 5 out of 10. The return on equity of 16.52% and return on assets of 2.31% are outperforming 52% of companies in the Asset Management industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 0.67 is below the industry median of 480.
The company's largest guru shareholder is John Rogers (Trades, Portfolio) with 1.29% of outstanding shares, followed by Ron Baron (Trades, Portfolio) with 1.22% and Tom Gayner (Trades, Portfolio) with 0.68%.
The firm curbed its Cooper Tire & Rubber Co. (CTB, Financial) stake by 37.69%, impacting the portfolio by -0.25%.
The tire manufacturer has a market cap of $1.46 billion and an enterprise value of $1.63 billion.
GuruFocus gives the company a profitability and growth rating of 6 out of 10. The return on equity of 6.51% and return on assets of 2.84% are underperforming 72% of companies in the Rubber and Plastics industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.67 is above the industry median of 0.61.
The company's largest guru shareholder is Royce with 2.82% of outstanding shares, followed by Steven Cohen (Trades, Portfolio) with 0.55%.
Royce's firm trimmed its Vishay Intertechnology Inc. (VSH, Financial) holding by 22%, impacting the portfolio by -0.23%.
The company, which supplies discrete semiconductors and passive components, has a market cap of $2.58 billion and an enterprise value of $2.32 billion.
GuruFocus gives the company a profitability and growth rating of 7 out of 10. The return on equity of 22.09% and return on assets of 10.24% are underperforming 63% of companies in the Semiconductors industry. Its financial strength is rated 7 out of 10. The cash-debt ratio of 1.55 is below the industry median of 1.69.
The company's largest guru shareholder is Fisher with 3.68% of outstanding shares, followed by Barrow, Hanley, Mewhinney & Strauss with 1.74%.
Disclosure: I do not own any stocks mentioned.
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