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FPA Capital Sells Western Digital, Arris, Aaron's

The fund's largest 3rd-quarter sales

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Tiziano Frateschi
Oct 09, 2017
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FPA Capital Fund (Trades, Portfolio) is an institutional money management firm and manages a portfolio composed of 19 stocks with a total value of $306 million. During the third quarter the fund sold shares in the following stocks:

Babcock & Wilcox Enterprises Inc. (BW) was closed impacting the portfolio by -7.14%.

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The boiler and environmental equipment manufacturer has a market cap of $164.61 million and enterprise value of $236.42 million.

GuruFocus gives the company a profitability and growth rating of 3 out of 10. The return on equity (ROE) of -39.48% and return on assets (ROA) of -14.21% are underperforming 94% of the companies in the Global Electronic Components industry. Financial strength has a rating of 5 out of 10. The cash-debt ratio of 0.52 is below the industry median of 1.44.

The largest shareholder among the gurus is

First Pacific Advisors (Trades, Portfolio) with 11.38% of outstanding shares followed by Charles Brandes (Trades, Portfolio) with 2.45% and Michael Price (Trades, Portfolio) with 1.35%.

The guru also closed its Rowan Companies PLC (RDC) position with an impact of -3.43% on the portfolio.

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The oil and gas drilling company has a market cap of $1.65 billion and enterprise value of $3.02 billion.

GuruFocus gives the company a profitability and growth rating of 7 out of 10. The ROE of -0.72% and ROA of -0.43% are outperforming 63% of the companies in the Global Oil & Gas Drilling industry. Financial strength has a rating of 5 out of 10. The cash-debt ratio of 0.46 is above the industry median of 0.37.

Richard Pzena (Trades, Portfolio) is another notable shareholder among the gurus with 0.79% of outstanding shares followed by Joel Greenblatt (Trades, Portfolio) with 0.73%, Mario Gabelli (Trades, Portfolio) with 0.2% and Lee Ainslie (Trades, Portfolio) with 0.17%.

The Aaron's Inc. (AAN) holding was reduced by 46.18% impacting the portfolio by -2.29%.

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The consumer electronics retailer has a market cap of $3.14 billion and enterprise value of $3.26 billion.

GuruFocus gives the company a profitability and growth rating of 8 out of 10. The ROE of 9.46% and ROA of 5.46% are outperforming 58% of the companies in the Global Rental & Leasing Services industry. Financial strength has a rating of 7 out of 10 with a cash-debt ratio of 0.71 that is above the industry median of 0.62.

Diamond Hill Capital (Trades, Portfolio) is the largest shareholder among the gurus with 4.01% of outstanding shares followed by Gabelli with 1.21% and FPA Capital Fund with 0.42%.

The guru's holding of Vista Outdoor Inc. (VSTO) was closed with an impact of -2.29% on the portfolio.

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The designer and manufacturer of outdoor sports and recreation products has a market cap of $1.24 billion and enterprise value of $2.29 billion.

GuruFocus gives the company a profitability and growth rating of 5 out of 10. The ROE of -20.09% and ROA of -9.00% are underperforming 90% of the companies in the Global Leisure industry. Financial strength has a rating of 4 out of 10. The cash-debt ratio of 0.05 is below the industry median of 0.66.

The largest shareholder among the gurus is

First Eagle Investment (Trades, Portfolio) with 9.68% of outstanding shares followed by Keeley Asset Management Corp (Trades, Portfolio) with 1.37%.

The Dana Inc.’s (DAN) position was reduced by 41.59%. The trade had an impact of -1.32% on the portfolio.

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The auto parts manufacturer has a market cap of $4.11 billion and enterprise value of $5.49 billion.

GuruFocus gives the company a profitability and growth rating of 6 out of 10. The ROE of 70.43% and ROA of 13.80% are outperforming 91% of the companies in the Global Auto Parts industry. Financial strength has a rating of 5 out of 10. The cash-debt ratio of 0.32 is below the industry median of 0.74.

Gabelli is the largest shareholder among the gurus with 3.35% of outstanding shares followed by Pzena with 2.09%,

Chuck Royce (Trades, Portfolio) with 0.91% and Ken Fisher (Trades, Portfolio) with 0.49%.

The investor reduced its shares in ARRIS International PLC (ARRS) by 12.52% and with an impact of -1.2% on the portfolio.

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The data communications solutions provider has a market cap of $5.43 billion and enterprise value of $6.3 billion.

GuruFocus gives the company a profitability and growth rating of 7 out of 10. The ROE of 4.15% and ROA of 1.69% are underperforming 53% of the companies in the Global Communication Equipment industry. Financial strength has a rating of 5 out of 10. The cash-debt ratio of 0.62 is below the industry median of 2.24.

The largest shareholder among the gurus is HOTCHKIS & WILEY with 6.17% of outstanding shares followed by First Pacific Advisors with 1.46%,

Leon Cooperman (Trades, Portfolio) with 0.48% and NWQ Managers (Trades, Portfolio) with 0.29%.

The Western Digital Corp.’s (WDC) holding was reduced by 11.77%. The trade had an impact of -1.09% on the portfolio.

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The hard disk drive leader has a market cap of $24.75 billion and enterprise value of $31.52 billion.

GuruFocus gives the company a profitability and growth rating of 6 out of 10. The ROE of 3.06% and ROA of 1.32% are underperforming 65% of the companies in the Global Data Storage industry. Financial strength has a rating of 5 out of 10. The cash-debt ratio of 0.49 is below the industry median of 1.44.

David Tepper (Trades, Portfolio) is the top shareholder among the gurus with 0.87% of outstanding shares followed by T Rowe Price Equity Income Fund (Trades, Portfolio) with 0.49% and PRIMECAP Management (Trades, Portfolio) with 0.3%.

Disclosure: I do not own any shares of any stocks mentioned in this article.

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