Richard Pzena (Trades, Portfolio) founded Pzena Investment Management in 1966. The American hedge fund manager bought shares of the following stocks during the second quarter.
The guru established a position in Newell Brands Inc. (NWL, Financial), buying 16,582,214 shares. The trade had an impact of 2.15% on the equity portfolio.
The company makes a wide range of products, including pens, markers, food storage containers and hygiene systems. It has a market cap of $11.93 million and an enterprise value of $22.66 billion.
GuruFocus gives the company a profitability and growth rating of 7 out of 10. The return on equity of 16.58% and return on assets of 6.45% are underperforming 74% of companies in the Global Household and Personal Products industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 0.04 is below the industry median of 0.66.
The company's largest shareholder among the gurus is Carl Icahn (Trades, Portfolio) with 6.23% of outstanding shares, followed by Larry Robbins (Trades, Portfolio) with 5.35% and Pzena with 3.41%.
Pzena bought 11,750,490 shares of AXA Equitable Holdings Inc. (EQH, Financial). The stake was given 1.22% space in the equity portfolio.Â
The company has a market cap of $12.3 billion and an enterprise value of $13.12 billion.
GuruFocus gives the company a profitability and growth rating of 3 out of 10. The return on equity of 12.61% and return on assets of 0.71% are outperforming 100% of companies in the Global Insurance - Diversified industry. Its financial strength is rated of 5 out of 10 with a cash-debt ratio of 1.45.
The largest guru shareholder of the company is Pzena with 2.09% of outstanding shares.
The investor established a position in National Oilwell Varco Inc. (NOV, Financial), buying 4,414,593 shares. The holding was given 0.96% equity portfolio space.Â
The company, which manufacturers equipment and components used in oil and gas drilling operations, has a market cap of $17.99 billion and an enterprise value of $19.64 billion.
GuruFocus gives the company a profitability and growth rating of 5 out of 10. The return on equity of -0.60% and return on assets of -0.41% are outperforming 54% of companies in the Global Oil and Gas Equipment and Services industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.42 is below the industry median of 0.49.
Dodge & Cox is the largest shareholder of the company among the gurus with 8.48% of outstanding shares, followed by First Eagle Investment (Trades, Portfolio) with 7.06%, Hotchkis & Wiley with1.96% and Bill Nygren (Trades, Portfolio) with 1.55%.
The guru boosted his holding of General Electric Co. (GE, Financial) by 334.54%, expanding the equity portfolio by 0.9%.
The industrial conglomerate has a market cap of $113.77 billion and an enterprise value of $181.74 billion.
GuruFocus gives the company a profitability and growth rating of 6 out of 10. The return on equity of -13.22% and return on assets of -2.25% are underperforming 88% of companies in the Global Diversified Industrials industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 0.56 is below the industry median of 1.04.
The company's largest guru shareholder is Barrow, Hanley, Mewhinney & Strauss with 0.86% of outstanding shares, followed by Mason Hawkins (Trades, Portfolio)' Southeastern Asset Management with 0.37%.
Pzena added 43.13% to his Edison International (EIX, Financial) position. The transaction had an impact of 0.75% on the equity portfolio.
The utility company has a market cap of $21.89 billion and an enterprise value of $38.61 billion.
GuruFocus gives the company a profitability and growth rating of 5 out of 10. The return on equity of 3.51% and return on assets of 0.79% are underperforming 60% of companies in the Global Utilities - Regulated Electric industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 0.01 is below the industry median of 0.25.
With 2.41% of outstanding shares, Pzena is the company's largest guru shareholder, followed by Jim Simons (Trades, Portfolio)' Renaissance Technologies with 0.74% and the T Rowe Price Equity Income Fund (Trades, Portfolio) with 0.72%.
The MetLife Inc. (MET, Financial) holding was increased by 39.32%. The trade had an impact of 0.51%.
The company provides life insurance, employee benefits and asset management services. It has a market cap of $45.32 billion and an enterprise value of $45.85 billion.
GuruFocus gives the company a profitability and growth rating of 2 out of 10. The return on equity of 7.36% and return on assets of 0.59% are underperforming 73% of companies in the Global Insurance - Life industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 0.90 is below the industry median of 7.42.
With 4.56% of outstanding shares, Dodge & Cox is the company's largest guru shareholder, followed by Diamond Hill Capital (Trades, Portfolio) with 1.09%.
The guru boosted his holding of Anixter International Inc. (AXE, Financial) by 150.92%, impacting the portfolio by 0.37%.
The distributor of security, electrical and utility power products has a market cap of $2.43 billion and an enterprise value of $3.65 billion.
GuruFocus gives the company a profitability and growth rating of 6 out of 10. While the return on equity of 7.17% is outperforming the sector, the return on assets of 2.44% is underperforming 54% of companies in the Global Industrial Distribution industry. Its financial strength is rated 6 out of 10 with a cash-debt ratio of 0.08.
Pzena is the company's largest guru shareholder with 5.85% of outstanding shares, followed by John Rogers (Trades, Portfolio) with 3.82%, Ken Fisher (Trades, Portfolio) with 1.87% and Chuck Royce (Trades, Portfolio) with 1.03%.
Disclosure: I do not own any stocks mentioned in this article.
