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Robert Olstein's Largest Sales of 4th Quarter

- By Tiziano Frateschi

Robert Olstein (Trades, Portfolio) is the chairman and chief investment officer of the Olstein Financial Alert Fund. He is considered to be an expert in corporate financial disclosure and reporting practices. During the fourth quarter, the firm sold shares in the following stocks:


The guru reduced his stake in Harman International Industries Inc. (HAR) by 53.50% with an impact of -1.18% on the portfolio.

The company is engaged in the development, manufacturing and marketing of audio products, lighting solutions and electronic systems and digitally integrated audio and infotainment systems for the automotive industry.

GuruFocus gives the stock a profitability and growth rating of 8 out of 10. The return on equity (ROE) of 14.62% and return on assets (ROA) of 6.04% are outperforming 73% of the companies in the Global Consumer Electronics industry. Financial strength has a rating of 6 out of 10. The cash-debt ratio of 0.51 is below the industry median of 1.51.

The largest shareholder among the gurus is John Rogers (Trades, Portfolio) with 1.48% of outstanding shares followed by John Paulson (Trades, Portfolio) with 1.22%, Mario Gabelli (Trades, Portfolio) with 1.22%, Jeremy Grantham (Trades, Portfolio) with 0.98%, Jim Simons (Trades, Portfolio) with 0.97% and Third Avenue Management (Trades, Portfolio) with 0.57%.

Olstein reduced his shares in Citizens Financial Group Inc. (CFG) by 46.97%. The trade had an impact of -0.92% on the portfolio.

It is a bank holding company and through its subsidiaries provides retail and commercial banking products and services.

GuruFocus gives the stock a profitability and growth rating of 4 out of 10. The ROE of 5.17% and ROA of -0.73% are underperforming 73% of the companies in the Global Banks - Regional - US industry. Financial strength has a rating of 5 out of 10. The cash-debt ratio of 0.26 is below the industry median of 1.97.

HOTCHKIS & WILEY is the largest shareholder among the gurus with 2.48% of outstanding shares followed by David Tepper (Trades, Portfolio) with 0.56%, Richard Pzena (Trades, Portfolio) with 0.35%, Alan Fournier (Trades, Portfolio) with 0.27%, Simons with 0.08% and Olstein with 0.06%.

The guru sold out of Oshkosh Corp. (OSK). The transaction had an impact of -0.91% on the portfolio.

The company along with its subsidiaries designs, manufactures and markets specialty vehicles and vehicle bodies.

GuruFocus gives the stock a profitability and growth rating of 6 out of 10. The ROE of 11.53% and ROA of 4.81% are outperforming 71% of the companies in the Global Truck Manufacturing industry. Financial strength has a rating of 6 out of 10. The cash-debt ratio of 0.45 is above the industry median of 0.42.

The largest shareholder among the gurus is Simons with 1.48% of outstanding shares followed by Barrow, Hanley, Mewhinney & Strauss with 1.28%, Columbia Wanger (Trades, Portfolio) with 1.03%, Joel Greenblatt (Trades, Portfolio) with 0.73%, First Pacific Advisors (Trades, Portfolio) with 0.33%, Mairs and Power (Trades, Portfolio) with 0.25% and FPA Capital Fund (Trades, Portfolio) with 0.17%.

The investor reduced his holding in Spirit Airlines Inc. (SAVE) by 43.66% with an impact of -0.91% on the portfolio.

It is an airline based in Miramar, Florida. The company's all-Airbus fleet operates more than 300 daily flights to over 56 destinations in the U.S., Caribbean and Latin America.

GuruFocus gives the stock a profitability and growth rating of 8 out of 10. The ROE of 20.25% and ROA of 9.07% are outperforming 53% of the companies in the Global Airlines industry. Financial strength has a rating of 6 out of 10. The cash-debt ratio of 0.82 is above the industry median of 0.44.

PRIMECAP Management (Trades, Portfolio) is the largest shareholder among the gurus with 1.32% of outstanding shares followed by RS Investment Management (Trades, Portfolio) with 1.11%, Chuck Royce (Trades, Portfolio) with 1.02%, Olstein with 0.3%, Ronald Muhlenkamp (Trades, Portfolio) with 0.26% and David Dreman (Trades, Portfolio) with 0.01%.

The investor exited his position in AT&T Inc. (T) with an impact of -0.73% on the portfolio.

The company through its subsidiaries and affiliates provides wireless and wireline telecommunications services in the U.S. and internationally. The company has three reportable segments: Wireless, Wireline and Other.

GuruFocus gives the stock a profitability and growth rating of 7 out of 10. The ROE of 10.53% and ROA of 3.22% are outperforming 57% of the companies in the Global Telecom Services industry. Financial strength has a rating of 4 out of 10 with cash-debt of 0.05 that is below the industry median of 0.39.

The largest shareholder among the gurus is Barrow, Hanley, Mewhinney & Strauss with 0.28% of outstanding shares followed by PRIMECAP Management with 0.25%, Pioneer Investments (Trades, Portfolio) with 0.13%, Richard Perry (Trades, Portfolio) with 0.1% and Gabelli with 0.03%.

The guru reduced his holding in Greenbrier Companies Inc. (GBX) by 32.69%. The transaction had an impact of -0.64% on the portfolio.

The company designs, manufactures and markets railroad freight car equipment in North America and Europe and marine barges in North America and provides wheel services, railcar refurbishment and parts, leasing and other services to the railroad.

GuruFocus gives the stock a profitability and growth rating of 8 out of 10. The ROE of 16.64% and ROA of 7.54% are outperforming 85% of the companies in the Global Railroads industry. Financial strength has a rating of 7 out of 10. The cash-debt ratio of 0.78 is above the industry median of 0.33.

The largest shareholder among the gurus is Royce with 1.91% of outstanding shares followed by Olstein with 1%, Gabelli with 0.95% and Paul Tudor Jones (Trades, Portfolio) with 0.12%.

The investor closed his position in Ingersoll-Rand PLC (IR) with an impact of -0.63% on the portfolio.

It is a diversified company that provides products, services and solutions to enhance the quality and comfort of air in homes and buildings, transport and protect food and perishables and increase industrial productivity and efficiency.

GuruFocus gives the stock a profitability and growth rating of 8 out of 10. The ROE of 23.48% and ROA of 8.56% are outperforming 83% of the companies in the Global Diversified Industrials industry. Financial strength has a rating of 6 out of 10 with cash-debt ratio of 0.42 that is below the industry median of 1.05.

The largest shareholder among the gurus is Pioneer Investments with 1.25% of outstanding shares followed by Simons with 0.41%, NWQ Managers (Trades, Portfolio) with 0.35%, Greenblatt with 0.29% and Jones with 0.01%.

The investor sold all his shares in Sensient Technologies Corp. (SXT) impacting the portfolio by -0.59%.

The company is a manufacturer and marketer of colors, flavors and fragrances used to develop foods and beverage systems, cosmetic and pharmaceutical systems, inkjet and specialty inks and colors.

GuruFocus gives the stock a profitability and growth rating of 7 out of 10. The ROE of 14.72% and ROA of 7.37% are outperforming 72% of the companies in the Global Specialty Chemicals industry. Financial strength has a rating of 6 out of 10. The cash-debt ratio of 0.04 is below the industry median of 0.87.

The largest shareholder among the gurus is Gabelli with 1.93% of outstanding shares followed by Keeley Asset Management Corp (Trades, Portfolio) with 0.95%, Royce with 0.12% and Simons with 0.12%.

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

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This article first appeared on GuruFocus.