Ken Heebner Sells Stake in Polaris Industries

Guru invests in La Quinta Holdings, Whirlpool, Nike

Nov 18, 2015

Ken Heebner (Trades, Portfolio)’s fondness for financial services stocks was clear to see in his second-quarter transactions. He made transactions in that sector in the third quarter as well, but they weren’t as prominent. In the third quarter, his trades were more diverse.

Heebner’s most noteworthy third-quarter transaction was the divestiture of his 834,000-share stake in Polaris Industries Inc. (PII, Financial), a Medina, Minn.-based automotive company, for an average price of $135.73 per share. The deal had a -3.54% impact on Heebner’s portfolio.

Polaris has a market cap of $6.91 billion and an enterprise value of $6.99 billion. It has a P/E of 14.9, a forward P/E of 12.4, a P/B of 7.3 and a P/S of 1.4. GuruFocus has given Polaris a Financial Strength rating of 7/10 and a Profitability and Growth rating of 8/10.

Columbia Wanger (Trades, Portfolio), Steven Cohen (Trades, Portfolio), Ken Fisher (Trades, Portfolio), Meridian Funds (Trades, Portfolio), Jeremy Grantham (Trades, Portfolio), Bill Frels (Trades, Portfolio) and Paul Tudor Jones (Trades, Portfolio) have shares of Polaris in their portfolios.

Polaris sold for $105.34 per share Wednesday afternoon.

Heebner also sold his 2,570,000-share stake in La Quinta Holdings Inc. (LQ, Financial), an Irving, Texas-based hotel chain, for an average price of $20.15 per share. The transaction had a -1.68% impact on Heebner’s portfolio.

La Quinta Holdings has a market cap of $1.9 billion and an enterprise value of $3.53 billion. It has a P/E of 137.3, a forward P/E of 24.8, a P/B of 2.4 and a P/S of 1.9. GuruFocus has given La Quinta Holdings a Financial Strength rating of 5/10 and a Profitability and Growth rating of 7/10.

RS Investment Management (Trades, Portfolio), Joel Greenblatt (Trades, Portfolio), Paul Tudor Jones (Trades, Portfolio) and Steven Cohen (Trades, Portfolio) have shares of La Quinta Holdings in their portfolios.

Wednesday afternoon La Quinta Holdings sold for $14.72 per share.

Heebner acquired a 655,000-share stake in Whirlpool Corp. (WHR, Financial), a Benton Charter Township, Mich.-based household appliances company, for an average price of $169.22 per share. The deal had a 3.11% impact on Heebner’s portfolio.

Whirlpool has a market cap of $12.38 billion and an enterprise value of $17.42 billion. It has a P/E of 18.6, a forward P/E of 10.9, a P/B of 2.6 and a P/S of 0.6. GuruFocus has given Whirlpool a Financial Strength rating of 7/10 and a Profitability and Growth rating of 6/10.

Whirlpool sold for $158.34 per share Wednesday afternoon.

Heebner purchased a 755,000-share stake in PVH Corp. (PVH, Financial), a New York-based clothing company, for an average price of $113.64 per share. The transaction had a 2.48% impact on Heebner’s portfolio.

PVH has a market cap of $7.37 billion and an enterprise value of $10.29 billion. It has a P/E of 15.1, a forward P/E of 12.1, a P/B of 1.6 and a P/S of 0.9. GuruFocus has given PVH a Financial Strength rating of 5/10 and a Profitability and Growth rating of 7/10.

Larry Robbins (Trades, Portfolio), Sarah Ketterer (Trades, Portfolio), Michael Dell (Trades, Portfolio), John Keeley (Trades, Portfolio), Scott Black (Trades, Portfolio), Ray Dalio (Trades, Portfolio), Mariko Gordon (Trades, Portfolio), Steven Cohen (Trades, Portfolio), Joel Greenblatt (Trades, Portfolio), Pioneer Investments (Trades, Portfolio) and Paul Tudor Jones (Trades, Portfolio) have shares of PVH in their portfolios.

Wednesday afternoon PVH sold for $89.29 per share.

Heebner bought a 610,000-share stake in Nike Inc. (NKE, Financial), an Oregon-based apparel and accessories company, for an average price of $113.11 per share. The deal had a 2.42% impact on Heebner’s portfolio.

Nike has a market cap of $107.19 billion and an enterprise value of $102.99 billion. It has a P/E of 31.8, a forward P/E of 29.4, a P/B of 8.4 and a P/S of 3.6. GuruFocus has given Nike a Financial Strength rating of 7/10 and a Profitability and Growth rating of 9/10.

Wednesday afternoon Nike sold for $125.78 per share.

Heebner raised his stake in Bank of America Corporation (BAC, Financial), a Charlotte, N.C.-based banking and financial services company, by nearly 428%. Heebner bought 5,860,000 shares for an average price of $16.85 per share. The deal had a 2.94% impact on Heebner’s portfolio.

Bank of America has a market cap of $185.76 billion and an enterprise value of $302.93 billion. It has a P/E of 13.2, a forward P/E of 11.1, a P/B of 0.8 and a P/S of 2.4. GuruFocus has given Bank of America a Financial Strength rating of 6/10 and a Profitability and Growth rating of 5/10.

Bank of America sold for $17.84 per share Wednesday afternoon.

Heebner acquired 3,330,000 shares of Ford Motor Co. (F, Financial), a Dearborn, Mich.-based automotive company, for an average price of $14.3 per share. The transaction had a 1.46% impact on Heebner’s portfolio.

Ford has a market cap of $57.39 billion and an enterprise value of $125.08 billion. It has a P/E of 12.2, a forward P/E of 7.4, a P/B of 2.1 and a P/S of 0.4. GuruFocus has given Ford a Financial Strength rating of 6/10 and a Profitability and Growth rating of 6/10.

James Barrow (Trades, Portfolio), Richard Pzena (Trades, Portfolio), Brian Rogers (Trades, Portfolio), NWQ Managers (Trades, Portfolio), Pioneer Investments (Trades, Portfolio), Ken Fisher (Trades, Portfolio), Mario Gabelli (Trades, Portfolio), David Dreman (Trades, Portfolio), HOTCHKIS & WILEY, Paul Tudor Jones (Trades, Portfolio) and Joel Greenblatt (Trades, Portfolio) have shares of Ford in their portfolios.

Wednesday afternoon Ford sold for $14.46 per share.

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