Diamond Hill Capital (Trades, Portfolio) was established in 2000 and is a registered investment adviser based in Columbus, Ohio. The firm's largest trades during the third quarter are as follows:
Diamond Hill almost closed its stake in Sysco Corp. (SYY, Financial) with a decrease of 94.23%. The transaction had an impact of -1.69% on the portfolio.
Sysco, through its subsidiaries and divisions, is engaged in the distribution of food and related products to the foodservice or food-away-from-home industry. First quarter sales grew 11.2% and gross profit had an increase of 20.3%. The company reported an increase of 70 basis points for gross margin.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10. It has a return on equity (ROE) of 26.10% and a return on assets (ROA) of 6.90% that are outperforming 78% of the companies in the Global Food Distribution industry. Financial strength has a rating of 6 out of 10. The cash to debt ratio of 0.10 is far below industry median of 0.50.
The largest shareholder among the gurus is Donald Yacktman (Trades, Portfolio) with 2.61% of outstanding shares, followed by the Yacktman Fund (Trades, Portfolio) with 1.37%, the Yacktman Focused Fund (Trades, Portfolio) with 0.77%, Jim Simons (Trades, Portfolio) with 0.71%, Joel Greenblatt (Trades, Portfolio) with 0.07% and Manning & Napier Advisors Inc. with 0.01%.
The firm acquired 3,746,598 shares in The Hartford Financial Services Group Inc. (HIG, Financial). The transaction had an impact of 0.99% on the portfolio.
Hartford is an insurance and financial services company. Its business segments including Property & Casualty Commercial, Consumer Markets, Property & Casualty Other Operations, Group Benefits and Mutual Funds. Third quarter net income grew 15% and core earnings grew 13%. The company repurchased 8.4 million common shares for a total of $350 million under the $4.375 billion authorization expiring.
GuruFocus gives the stock a profitability and growth rating of 5 out of 10. The ROE of 7.67% and ROA of 0.61% are underperforming 67% of the companies in the Global Insurance - Diversified industry. Financial strength has a rating of 5 out of 10. The cash-debt ratio is 0.15.
Pioneer Investments (Trades, Portfolio) is the largest shareholder among the gurus with 1.35% of outstanding shares, followed by Andreas Halvorsen (Trades, Portfolio) with 0.95%, Richard Snow (Trades, Portfolio) with 0.14%, RS Investment Management (Trades, Portfolio) with 0.09%, Richard Pzena (Trades, Portfolio) with 0.08% and Jim Simons (Trades, Portfolio) with 0.08%.
The firm increased its position in Coty Inc. Class A. (COTY, Financial) by 1,008%, with an impact of 0.86% on the portfolio.
The company is a pure-play beauty company with a portfolio of brands that compete in three segments: Fragrances, Color Cosmetics and Skin & Body Care. During the third quarter, net revenues declined 3% and operating income had a 43% decrease.
GuruFocus gives the stock a profitability and growth rating of 6 out of 10. The ROE of 25.69% and ROA of 2.39% are underperforming 58% of the companies in the Global Household & Personal Products industry. Financial strength has a rating of 4 out of 10. The cash-debt ratio of 0.09 is below industry median of 0.64%.
Another notable shareholder of the company among the gurus is T Rowe Price Equity Income Fund (Trades, Portfolio) with 0.09% of outstanding shares, followed by Jim Simons (Trades, Portfolio) with 0.02%.
The firm reduced its position in Linear Technology Corp. (LLTC, Financial) by 69.53%, with an impact of -0.68% on the portfolio.
The company is engaged in designing, manufacturing and marketing a line of high-performance analog integrated circuits for companies in diversified industries.
GuruFocus gives the stock a profitability and growth rating of 6 out of 10. The ROE of 29.33% and ROA of 24.81% are outperforming 96% of the companies in the Global Semiconductors industry. Financial strength has a rating of 9 out of 10, with no debt.
The largest shareholder among the gurus is First Eagle Investment (Trades, Portfolio) with 5.71% of outstanding shares, followed by Jim Simons (Trades, Portfolio) with 3.63%, Jeremy Grantham (Trades, Portfolio) with 0.24%, Pioneer Investments (Trades, Portfolio) with 0.2%, Joel Greenblatt (Trades, Portfolio) with 0.14%, Meridian Funds (Trades, Portfolio) with 0.14% and Tom Gayner (Trades, Portfolio) with 0.09%.
Diamond Hill reduced its stake in International Business Machines Corp. (IBM, Financial) by 52.11%, with an impact of -0.58% on the portfolio.
It is an information technology company. It creates business value for clients and solves business problems through integrated solutions that leverage information technology and knowledge of business processes. GAAP net income from continuing operations decreased 4% year over year in the third quarter and GAAP diluted earnings per share from continuing operations decreased 1%.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10. The ROE of 78.66% and ROA of 10.35% are outperforming 81% of the companies in the Global Information Technology Services industry. Financial strength has a rating of 5 out of 10. The cash-debt ratio of 0.24 is below the industry median of 10.15.
Warren Buffett (Trades, Portfolio) is the largest shareholder of the company among the gurus with 8.54% of outstanding shares, followed by Prem Watsa (Trades, Portfolio) with 0.14%, Barrow, Hanley, Mewhinney & Strauss with 0.1%, Jeremy Grantham (Trades, Portfolio) with 0.06%, Edward Lampert (Trades, Portfolio) with 0.06%, Tweedy Browne (Trades, Portfolio) with 0.04% and Joel Greenblatt (Trades, Portfolio) with 0.03%.
The firm reduced its stake in Procter & Gamble Co. (PG, Financial) by 21.79%. The trade had an impact of -0.48% on the portfolio.
The company provides consumer packaged goods. It markets its products in about 180 countries through mass merchandisers, grocery stores, membership club stores, drug stores and department stores. During the first quarter, organic sales grew 3% and diluted net earnings per share increased 5% from the same quarter of a year before.
GuruFocus gives the stock a profitability and growth rating of 6 out of 10. The ROE of 17.35% and ROA of 8.27% are outperforming 77% of competitors in the Global Household & Personal Products industry. Financial strength has a rating of 6 out of 10. The cash-debt ratio of 0.45 is below the industry median of 0.64.
The largest shareholder of the company among the gurus is Donald Yacktman (Trades, Portfolio) with 0.6% of outstanding shares, followed by Ken Fisher (Trades, Portfolio) with 0.3%, the Yacktman Fund (Trades, Portfolio) with 0.29%, the Yacktman Focused Fund (Trades, Portfolio) with 0.19%, Jeremy Grantham (Trades, Portfolio) with 0.12%, Leucadia National (Trades, Portfolio) with 0.06%, Jim Simons (Trades, Portfolio) with 0.04% and Richard Pzena (Trades, Portfolio) with 0.01%.
The firm reduced its stake in American International Group Inc. (AIG, Financial) by 60.15%. The trade had an impact of -0.46% on the portfolio.
It is a holding company that, through its subsidiaries, provides insurance and related services in the United States and abroad.
GuruFocus gives the stock a profitability and growth rating of 4 out of 10. The ROE of 0.39% and ROA of 0.07% are underperforming 79% of the companies in the Global Insurance - Diversified industry. Financial strength has a rating of 5 out of 10. The cash-debt ratio of 0.08 is far below the industry median of 9,999.
Carl Icahn (Trades, Portfolio) is the largest shareholder of the company among the gurus with 4.44% of outstanding shares, followed by Hotchkis & Wiley with 1.59%, First Pacific Advisors (Trades, Portfolio) with 1.12%, John Paulson (Trades, Portfolio) with 0.88%, Steven Romick (Trades, Portfolio) with 0.84% and First Eagle Investment (Trades, Portfolio) with 0.81%.
Disclosure: I do not own any shares of any stocks mentioned in this article.
Start a free 7-day trial of Premium Membership to GuruFocus.
