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Olstein Capital Trims Lowe's, eBay Holdings

Robert Olstein (Trades, Portfolio)'s Olstein Capital manages a $535 million equity portfolio composed of 104 stocks as of the quarter's end. The firm sold shares of the following stocks during the second quarter.


Lowe's

The fund trimmed its position in Lowe's Companies Inc. (NYSE:LOW) by 50.82%. The trade had an impact of -0.58% on the portfolio.

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The home improvement retailer has a market cap of $119 billion and an enterprise value of $139 billion.

GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 189.53% and return on assets of 10.94% are outperforming 92% of companies in the cyclical retail industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 0.24 is below the industry median of 0.46.

The largest guru shareholder of the company is Bill Ackman (Trades, Portfolio)'s Pershing Square with 1.68% of outstanding shares, followed by Barrow, Hanley, Mewhinney & Strauss with 0.64% and Andreas Halvorsen (Trades, Portfolio)'s Viking Global with 0.23%.

EBay

The fund's eBay Inc. (NASDAQ:EBAY) holding was curbed by 37.68%. The portfolio was impacted by -0.52%.

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The online marketplace has a market cap of $40.09 billion and an enterprise value of $43.87 billion.

GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 164.58% and return on assets of 25.9% are outperforming 99% of companies in the cyclical retail industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 0.58 is above the industry median of 0.46.

The largest guru shareholder of the company is Seth Klarman (Trades, Portfolio)'s Baupost Group with 4.58% of outstanding shares, followed by Jim Simons (Trades, Portfolio)' Renaissance Technologies with 1.90% and Paul Singer (Trades, Portfolio) with 1.24%.

Hologic

The fund curbed its position in Hologic Inc. (NASDAQ:HOLX) by 72.22%. The portfolio was impacted by -0.50%.

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The manufacturer of women's health care products has a market cap of $17.56 billion and an enterprise value of $20.13 billion.

GuruFocus gives the company a profitability and growth rating of 6 out of 10. The return on equity of 22.74% and return on assets of 7.55% are outperforming 78% of companies in the medical devices and instruments industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 0.22 is below the industry median of 1.71.

The largest guru shareholder is Pioneer Investments (Trades, Portfolio) with 0.75% of outstanding shares, followed by Larry Robbins (Trades, Portfolio) with 0.75% and the Vanguard Health Care Fund (Trades, Portfolio) with 0.71%.

Mohawk

The fund reduced its Mohawk Industries Inc. (NYSE:MHK) holding by 34.52%, impacting the portfolio by -0.49%.

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The manufacturer of flooring products has a market cap of $6.52 billion and an enterprise value of $8.84 billion.

GuruFocus gives the company a profitability and growth rating of 7 out of 10. The return on equity of 6.11% and return on assets of 3.59% are outperforming 50% of companies in the furnishings, fixture and appliances industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.24 is far below the industry median of 0.75.

The largest guru shareholder of the company is Richard Pzena (Trades, Portfolio) with 2.78% of outstanding shares, followed by John Rogers (Trades, Portfolio) with 1.12% and Charles Brandes (Trades, Portfolio) with 0.73%.

S&P Global

The investment fund curbed its holding of S&P Global Inc. (NYSE:SPGI) by 45%. The portfolio was impacted by -0.49%.

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The provider of credit ratings and indexes has a market cap of $86.12 billion and an enterprise value of $88.04 billion.

GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 998% and return on assets of 24.29% are outperforming 96% of companies in the capital markets industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 0.59 is below the industry median of 2.54.

The largest guru shareholder is Spiros Segalas (Trades, Portfolio) with 0.59% of outstanding shares, followed by Pioneer Investments with 0.41% and Bill Nygren (Trades, Portfolio) with 0.33%.

Greenbrier

The investment fund trimmed its Greenbrier Companies Inc. (NYSE:GBX) position by 29.67%. The trade had an impact of -0.46% on the portfolio.

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The manufacturer of railroad freight car equipment has a market cap of $922 million and an enterprise value of $1.65 billion.

GuruFocus gives the company a profitability and growth rating of 7 out of 10. The return on equity of 6.58% and return on assets of 2.87% are outperforming 59% of companies in the transportation industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 0.57 is above the industry median of 0.3.

The largest shareholders of the company include Hotchkis & Wiley with 0.75% of outstanding shares and Barrow, Hanley, Mewhinney & Strauss with 6.95%.

United Parcel Service

The investment fund reduced its holding in United Parcel Service Inc. (NYSE:UPS) by 26.19%. The portfolio was impacted by -0.45%.

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The parcel delivery company has a market cap of $138 billion and an enterprise value of $159 billion.

GuruFocus gives the company a profitability and growth rating of 9 out of 10. The return on equity of 104.75% and return on assets of 7.63% are outperforming 88% of companies in the transportation industry. Its financial strength is rated 5 out of 10 with a cash-debt ratio of 0.31.

The largest guru shareholder of the company is Bill Gates (Trades, Portfolio) with 0.52% of outstanding shares, followed by PRIMECAP Management (Trades, Portfolio) with 0.38% and Pioneer Investments with 0.36%.

Disclosure: I do not own any stocks mentioned.

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This article first appeared on GuruFocus.


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