John Rogers (Trades, Portfolio) founded Ariel Investment LLC in 1983, and the firm now has a total value of $8.267 billion. During the third quarter the guru’s largest buys were the following:
The investor raised his position in Berkshire Hathaway Inc. Class BĂ‚ (BRK.B) by 151.06% with an impact of 0.44% on the portfolio.
It is a conglomerate holding company owning subsidiaries engaged in a number of business activities including property and casualty insurance and reinsurance, utilities and energy, finance, manufacturing, service and retailing.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10. The return on equity (ROE) of 8.98% and return on assets (ROA) of 4.04% are outperforming 50% of the companies in the Global Insurance - Diversified industry. Financial strength has a rating of 6 out of 10 with cash to debt of 0.83.
The largest shareholder among the gurus is Bill Gates (Trades, Portfolio) with 3.01% of outstanding shares followed by Ken Fisher (Trades, Portfolio) with 0.23%, Ruane Cunniff (Trades, Portfolio) with 0.18%, David Rolfe (Trades, Portfolio) with 0.13% and Tom Russo (Trades, Portfolio) with 0.11%.
The guru increased his holding in Rockwell Collins Inc. (COL) by 95.08% with an impact of 0.3% on the portfolio.
The company designs, produces and supports communications and aviation systems for commercial and military customers and provides information management services through voice and data communication networks and solutions.
GuruFocus gives the stock a profitability and growth rating of 8 out of 10. ROE of 36.61% and ROA of 9.66% that are outperforming 88% of the companies in the Global Aerospace & Defense industry. Financial strength has a rating of 5 out of 10 with cash to debt of 0.16 that is below the industry median of 0.36.
HOTCHKIS & WILEY is the largest shareholder among the gurus with 1.45% of outstanding shares followed by Rogers with 0.46%, Jim Simons (Trades, Portfolio) with 0.24% and Westport Asset Management (Trades, Portfolio) with 0.08%.
The guru raised his shares in Nokia Oyj ADRĂ‚ (NOK) by 22.18% with an impact of 0.27% on the portfolio.
It is a mobile communications company that has three businesses (Networks, HERE and Technologies) and four business segments (mobile Broadband and Global Services within Networks, HERE and Technologies). During the third quarter net sales grew 41% from the same quarter of a year before, solid gross margin was 37.2%, and operating margin was 8.1%.
GuruFocus gives the stock a profitability and growth rating of 3 out of 10. ROE of 3.13% and ROA 1.37% are underperforming 53% of the companies in the Global Communication Equipment industry. Financial strength has a rating of 6 out of 10 with cash to debt of 2.47 that is a few above the industry median of 2.24.
Another notable shareholder among the gurus is Simons with 0.3% of outstanding shares followed by Charles Brandes (Trades, Portfolio) with 0.17% and Francis Chou (Trades, Portfolio) with 0.06%.
The guru increased his position in BOK Financial Corp. (BOKF) by 3,691.55% with an impact of 0.2% on the portfolio.
The company through its subsidiaries provides financial services to commercial and industrial customers, other financial institutions, municipalities and consumers. Third-quarter diluted earnings per share was $1.13 compared to $1.09 in the same quarter of a year before. Net income was $74.3 million compared to $74.9 million in the third quarter of the prior year.
GuruFocus gives the stock a profitability and growth rating of 6 out of 10. ROE of 7.16% and ROA of 0.77% are underperforming 60% of the companies in the Global Banks - Regional - US industry. Financial strength has a rating of 5 out of 10 with cash to debt of 0.39 that is below the industry median of 1.98.
Diamond Hill Capital (Trades, Portfolio) is the largest shareholder among the gurus with 1.51% of outstanding shares followed by Keeley Asset Management Corp (Trades, Portfolio) with 1.15%, Columbia Wanger (Trades, Portfolio) with 0.98%, Chuck Royce (Trades, Portfolio) with 0.63% and Murray Stahl (Trades, Portfolio) with 0.02%.
The investor raised his stake in CBRE Group Inc. (CBG) by 17.23% with an impact of 0.19% on the portfolio.
The company offers real estate and investment services such as facilities management, property management, mortgage loan servicing and investment management to owners, lenders and investors in office, multifamily and other types of commercial real estate. During the third quarter revenue increased 18%, and net income and adjusted earnings per share both decreased 2%.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10. ROE of 17.60% and ROA of 4.77% are outperforming 69% of the companies in the Global Real Estate Services industry. Financial strength has a rating of 5 out of 10 with cash to debt of 0.10 that is below the industry median of 0.31.
The largest shareholder among the gurus is Jeff Ubben (Trades, Portfolio) with 10.26% of outstanding shares followed by Ron Baron (Trades, Portfolio) with 1.33%, Alan Fournier (Trades, Portfolio) with 0.33%, Steven Cohen (Trades, Portfolio) with 0.05% and Manning & Napier Advisors Inc. with 0.03%.
The guru purchased 269,566 shares in Fluor Corp. (FLR) with an impact of 0.17% on the portfolio.
The company through its subsidiaries engages in professional services providing engineering, procurement, construction and maintenance as well as project management services. Third quarter consolidated segment profit was $25 million, compared to $240 million in the prior year, and revenue was $4.8 billion, up from $4.4 billion a year ago.
GuruFocus gives the stock a profitability and growth rating of 6 out of 10. ROE of 5.18% and ROA of 1.86% are underperforming 59% of the companies in the Global Engineering & Construction industry. Financial strength has a rating of 6 out of 10 with cash to debt of 1.13 that is above the industry median of 0.75.
Pioneer Investments (Trades, Portfolio) is the largest shareholder among the gurus with 0.48% of outstanding shares followed by Simons with 0.18%, Fournier with 0.09%, John Buckingham (Trades, Portfolio) with 0.05%, Joel Greenblatt (Trades, Portfolio) with 0.05%, Ray Dalio (Trades, Portfolio) with 0.03%, Dodge & Cox with 0.01% and Fisher with 0.01%.
The guru raised his position in Tiffany & Co. (TIF) by 36.55% with an impact of 0.17% on the portfolio.
The company through its subsidiary operates as a jeweler and specialty retailer. It also sells timepieces, sterling silver goods, china, crystal, stationery, fragrances, personal accessories and leather goods. During the third quarter worldwide net sales grew 1%, and net earnings increased 5%. This growth in earnings reflects an improvement in gross margin and, to a lesser extent, lower interest and other expenses, partly offset by a lack of sales leverage on selling, general and administrative expenses.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10. ROE of 15.54% and ROA of 8.79% are outperforming 77% of the companies in the Global Luxury Goods industry. Financial strength has a rating of 7 out of 10 with cash to debt of 0.71 that is just below the industry median on 0.72.
The largest shareholder among the gurus is First Eagle Investment (Trades, Portfolio) with 3.14% of outstanding shares followed by Ruane Cunniff with 1.74%, Pioneer Investments with 0.93%, Charles de Vaulx (Trades, Portfolio) with 0.56%, Cohen with 0.3%, Baron with 0.22%, and Greenblatt with 0.09%.
Disclosure: I do not own any shares of any stocks mentioned in this article.
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