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Richard Pzena Exits Express Scripts, Reduces Dover

- By Tiziano Frateschi

Richard Pzena (Trades, Portfolio), t he founder and co-chief investment officer of Pzena Investment Management, sold shares of the following stocks during the fourth quarter.


The guru closed his Express Scripts Holding Co. (ESRX) stake. The trade had an impact of -1.41% on the portfolio.

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The company, which provides health care management and administration services, has a market cap of $52.06 billion and an enterprise value of $63.36 billion.

GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 26.51% and return on assets of 9.11% are outperforming 75% of companies in the Global Health Care Plans industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.25 is below the industry median of 1.15.

The company's largest guru shareholder is Dodge & Cox with 7.08% of outstanding shares, followed by Barrow, Hanley, Mewhinney & Strauss with 2.4% and Larry Robbins (Trades, Portfolio) with 1.53%.

The investor trimmed his Dover Corp. (DOV) stake by 34.67%. The trade had an impact of -0.79% on the portfolio.

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The industrial products manufacturer has a market cap of $12.7 billion and an enterprise value of $15.57 billion.

GuruFocus gives the company a profitability and growth rating of 5 out of 10. The return on equity of 16.59% and return on assets of 6.13% are outperforming 66% of companies in the Global Diversified Industrials industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 0.13 is below the industry median of 0.89.

The largest guru shareholder is Pzena with 2.35% of outstanding shares, followed by Daniel Loeb (Trades, Portfolio) with 0.42%, Pioneer Investments (Trades, Portfolio) with 0.23% and Joel Greenblatt (Trades, Portfolio) with 0.18%.

The guru reduced the Murphy Oil Corp. (MUR) stake by 68.53%. The trade had an impact of -0.69% on the portfolio.

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The oil and gas producer has a market cap of $4.53 billion and an enterprise value of $7.38 billion.

GuruFocus gives the company a profitability and growth rating of 5 out of 10. While the return on equity of 8.58% is underperforming the sector, the return on assets of 4.04% is outperforming 51% of companies in the Global Oil and Gas E&P industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 0.12 is below the industry median of 0.51.

The company's largest guru shareholder is Hotchkis & Wiley with 7.12% of outstanding shares, followed by Jim Simons (Trades, Portfolio)' Renaissance Technologies with 0.42%, Arnold Van Den Berg (Trades, Portfolio) with 0.1% and Jeremy Grantham (Trades, Portfolio) with 0.07%.

Pzena curbed his Walmart Inc. (WMT) stake by 42.44%. The trade impacted the portfolio by -0.52%.

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The company, which operates retail stores, has a market cap of $277.68 billion and an enterprise value of $336.97 billion.

GuruFocus gives the company a profitability and growth rating of 6 out of 10. The return on equity of 6.92% and return on assets of 2.45% are outperforming 60% of companies in the Global Discount Stores industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.15 is below the industry median of 0.55.

The company's largest guru shareholder is Bill Gates (Trades, Portfolio)' Foundation with 0.4% of outstanding shares, followed by Ken Fisher (Trades, Portfolio) with 0.35% and Pioneer Investments with 0.12%.

The Cisco Systems Inc. (CSCO) position was trimmed 64.84%, impacting the portfolio by -0.42%.

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The company, which provides data networking equipment and software, has a market cap of $212.16 billion and an enterprise value of $195.14 billion.

GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 2.52% and the return on assets of 1.07% is underperforming 70% of companies in the Global Communication Equipment industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 1.67 is below the industry median of 2.0.

The largest guru shareholder of the company is Dodge & Cox with 0.79% of outstanding shares, followed by Fisher with 0.61% and PRIMECAP Management (Trades, Portfolio) with 0.57%.

The guru curbed his BP PLC (BP) holding by 33.18%. The trade impacted the portfolio by -0.39%.

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The oil and gas company has a market cap of $142.71 billion and an enterprise value of $189.03 billion.

GuruFocus gives the company a profitability and growth rating of 5 out of 10. The return on equity of 9.35% and return on assets of 3.35% are underperforming 69% of companies in the Global Oil and Gas Integrated industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.35 is slightly above the industry median of 0.34.

The company's largest guru shareholder is Barrow, Hanley, Mewhinney & Strauss with 0.73% of outstanding shares, followed by the Simons' firm with 0.36% and Fisher with 0.23%.

Disclosure: I do not own any stocks mentioned.

This article first appeared on GuruFocus.