Scott Black is the chairman, president, chief investment officer and chief compliance officer at Delphi Management Inc. During the third quarter the guru’s largest trades were:
He purchased 29,492 shares in Icon PLC ADRĂ‚ (ICLR) with an impact of 1.42% on the portfolio.
The company is a contract research organization that provides outsourced development services to the pharmaceutical, biotechnology and medical device industries. During the third quarter net revenue grew 6.4%, and income increased 13.7%.
GuruFocus gives the stock a profitability and growth rating of 8 out of 10 with ROE of 28.76% and ROA of 14.01% that are outperforming 92% of the companies in the Global Diagnostics & Research industry. Financial strength has a rating of 7 out of 10 with cash to debt of 0.76 that is below the industry median of 1.88.
The largest shareholder among the gurus is Ron Baron (Trades, Portfolio) with 1.66% of outstanding shares followed by Meridian Funds (Trades, Portfolio) with 0.55%, Jim Simons (Trades, Portfolio) with 0.38%, Steven Cohen (Trades, Portfolio) with 0.29%, Chuck Royce (Trades, Portfolio) with 0.26% and Jeremy Grantham (Trades, Portfolio) with 0.08%.
The guru sold out his shares in Avnet Inc. (AVT) with an impact of -1.31% on the portfolio.
The company together with its subsidiaries is a value-added distributor of electronic components, enterprise computer and storage products, IT solutions and services and embedded systems. During the first quarter it completed the acquisition of Premier Farnell (PFL) and reported a decrease of 9.3% for sales from the same quarter of a year before.
GuruFocus gives the stock a profitability and growth rating of 5 out of 10 with ROE of 9.45% and ROA of 4% that are outperforming 58% of the companies in the Global Electronics Distribution industry. Financial strength has a rating of 6 out of 10 with cash to debt of 0.44 that is below the industry median of 1.82.
The largest shareholder among the gurus is Richard Pzena (Trades, Portfolio) with 3.59% of outstanding shares followed by HOTCHKIS & WILEY with 1.14%, First Pacific Advisors (Trades, Portfolio) with 1.12%, Richard Snow (Trades, Portfolio) with 1.02%, FPA Capital Fund (Trades, Portfolio) with 0.6%, Tweedy Browne (Trades, Portfolio) with 0.57%, Charles Brandes (Trades, Portfolio) with 0.34% and Tweedy Browne Global Value with 0.32%.
The guru exited its stake in Deckers Outdoor Corp. (DECK) with an impact of -1.19% on the portfolio.
It is engaged in designing, marketing and distribution of footwear, apparel and accessories developed for both everyday casual lifestyle use and high performance activities. Second-quarter net sales decreased 0.2%, and gross margin was 44.5% compared to 44.0% for the same period last year. Diluted earnings per share was $1.21 compared to $1.11 for the same period last year.
GuruFocus gives the stock a profitability and growth rating of 8 out of 10 with ROE of 12.02% and ROA of 7.90% that are outperforming 67% of the companies in the Global Footwear & Accessories industry. Financial strength has a rating of 7 out of 10 with cash to debt of 0.36 that is below the industry median of 1.46%.
The largest shareholder among the gurus is Royce with 1.88% of outstanding shares followed by Barrow, Hanley, Mewhinney & Strauss with 0.3%.
The guru exited his shares in Prudential Financial Inc. (PRU) by -1.17% with an impact of -1.21% on the portfolio.
The company through its subsidiaries and affiliates offers financial products and services including life insurance, annuities, retirement-related services, mutual funds and investment management. Third-quarter net income was $1.827 billion, or $4.07 per common share, compared to $1.465 billion, or $3.16 per share, for the year-ago quarter.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with ROE of 9.75% that is outperforming and ROA of 0.62% that is underperforming 52% of the companies in the Global Insurance - Life industry. Financial strength has a rating of 6 out of 10 with cash to debt of 1.11 that is below the industry median of 8.23.
The largest shareholder among the gurus is Sarah Ketterer (Trades, Portfolio) with 38% of outstanding shares followed by John Buckingham (Trades, Portfolio) with 0.02% and David Dreman (Trades, Portfolio) with 0.01%.
The guru exited his stake in Skyworks Solutions Inc. (SWKS) with an impact of -1.15% on the portfolio.
The company together with its consolidated subsidiaries is an innovator of high reliability analog and mixed signal semiconductors. Revenue grew 11% from the previous quarter, GAAP operating margin was 34.9%, and non-GAAP operating margin was 38.1%.
GuruFocus gives the stock a profitability and growth rating of 8 out of 10 with ROE of 28.86% and ROA of 25.62% that are outperforming 96% of the companies in the Global Semiconductors industry. Financial strength has a rating of 9 out of 10 with no debt.
Manning & Napier Advisors Inc. is the largest shareholder among the gurus with 1.95% of outstanding shares followed by Snow with 0.34%, Cohen with 0.3% and Pioneer Investments (Trades, Portfolio) with 0.24%.
The guru bought 50,508 shares in Omega Healthcare Investors Inc. (OHI) with an impact of 1.12% on the portfolio.
The company is engaged in investing in income-producing health care facilities including long-term care facilities located in the U.S.
GuruFocus gives the stock a profitability and growth rating of 8 out of 10 with ROE of 8.10% and ROA of 3.54% that are outperforming 52% of the in the Global REIT - Healthcare Facilities industry. Financial strength has a rating of 4 out of 10 with cash to debt of 0.01 that is below the industry median of 0.06.
The largest shareholder among the gurus is Simons with 0.16% of outstanding shares followed by Black with 0.03%.
The guru boosted his stake in Brunswick Corp. (BC) by 520.50% with an impact of 1.08% on the portfolio.
It is engaged in designing, manufacturing and marketing of recreational products including marine engines, boats, fitness and billiards equipment. Its products include sterndrive, yachts, deck boats, marine parts and cardiovascular equipment. Third-quarter consolidated net sales increased 10% year over year and on a GAAP basis, operating earnings increased by 6%. The company reported 21% increase for diluted earnings per share.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with ROE of 18.59% and ROA of 7.84% that are outperforming 80% of the companies in the Global Leisure industry. Financial strength has a rating of 6 out of 10 with cash to debt of 0.97 that is above the industry median of 0.75.
Mariko Gordon (Trades, Portfolio) is the largest shareholder among the gurus with 1.26% of outstanding shares followed by Meridian Funds with 0.93%, Columbia Wanger (Trades, Portfolio) with 0.4%, Royce with 0.38%, Cohen with 0.25%, Simons with 0.08% and Mario Gabelli (Trades, Portfolio) with 0.08%.
Disclosure: I do not own any shares of any stocks mentioned in this article.
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