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Robert Olstein Keeps Buying FedEx, General Electric


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Robert Olstein ( Trades , Portfolio ) is the chairman and chief investment officer of the Olstein Financial Alert Fund. In both the first and second quarters the guru bought shares in the following stocks:

Federal Signal Corp. ( FSS )

In the first quarter, the guru increased his stake by 11.66% and by 17.54% in the second quarter. Olstein holds 0.24% of outstanding shares.

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Federal Signal designs and manufactures a suite of products and integrated solutions for municipal, governmental, industrial and commercial customers.

Chuck Royce (Trades, Portfolio) is the largest shareholder among the gurus with 2.58% of outstanding shares followed by Mario Gabelli (Trades, Portfolio) with 1.53% and Jim Simons (Trades, Portfolio) with 0.07%.

Astronics Corp. ( ATRO )

In the first quarter, Olstein increased his stake by 66.73% and again by 8.73% in the second quarter. The guru holds 0.33% of outstanding shares.

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Astronics supplies products to the aerospace, defense and other industries. Its products include lighting and safety systems, electrical power generation and distribution systems, aircraft structures, avionics products and automatic test systems.

The largest shareholder among the gurus is Columbia Wanger (Trades, Portfolio) with 1.08% of outstanding shares followed by Royce with 0.28%, Simons with 0.26%, Gabelli with 0.07% and Paul Tudor Jones (Trades, Portfolio) with 0.03%.

CECO Environmental Corp. ( CECE )

In the first quarter, the guru increased his stake by 32.54% and in the second quarter increased it by 5.03%. The guru holds 1.14% of outstanding shares.

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CECO Environmental along with its subsidiaries is an environmental technology company providing air pollution control products and services. Its operating segments are Environmental, Energy and Fluid Handling and Filtration.

Simons is the largest shareholder among the gurus with 1.05% of outstanding shares followed by Keeley Asset Management Corp (Trades, Portfolio) with 0.65%, Royce with 0.29% and Greenblatt with 0.04%.

JM Smucker Co. ( SJM )

In the first quarter, the guru increased the position by 26.55% and by 19.07% in the second quarter. The guru holds 0.04% of outstanding shares.

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JM Smucker operates in the consumer foods industry. It deals with a range of products spanning food, beverage and pet products under well-known brands such as Folgers, Crisco, Milk-Bone and Kibbles 'n Bits.

The largest shareholder among the gurus is John Rogers (Trades, Portfolio) with 0.92% of outstanding shares followed by Pioneer Investments (Trades, Portfolio) with 0.13%, Greenblatt with 0.07%, Alan Fournier (Trades, Portfolio) with 0.06%, Bernard Horn (Trades, Portfolio) with 0.03%, Manning & Napier Advisors Inc. with 0.03%, Ray Dalio (Trades, Portfolio) with 0.01% and Jeff Auxier (Trades, Portfolio) with 0.01%.

FedEx Corp. ( FDX )

The position was increased by 92.73% in the first quarter. In the second quarter it was increased by 27.36%. The guru holds 0.01% of outstanding shares.

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FedEx is the world's largest express courier delivery firm. The company provides courier services through various divisions that include express, ground, office, freight, cross border, trade networks and supply chain.

PRIMECAP Management (Trades, Portfolio) is the largest shareholder among the gurus with 5.86% of outstanding shares followed by Dodge & Cox with 4.28%, Mason Hawkins (Trades, Portfolio) with 2.1%, Bill Gates (Trades, Portfolio) with 1.13%, Bill Nygren (Trades, Portfolio) with 0.74%, Spiros Segalas (Trades, Portfolio) with 0.71%, Manning & Napier Advisors with 0.37% and Pioneer Investments with 0.33%.

Snap-on Inc. ( SNA )

Olstein increased his position by 15.38% during the first quarter and by 53% in the second quarter. The guru holds 0.08% of outstanding shares.

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Snap-on is a manufacturer and marketer of tools, equipment, diagnostics, repair information and systems solutions for professional users. Its products and services include hand and power tools, tool storage and diagnostic software among others.

The largest shareholder among the gurus is Rogers with 1.11% of outstanding shares followed by Columbia Wanger with 0.7%, Mairs and Power (Trades, Portfolio) with 0.59%, Greenblatt with 0.14%, Royce with 0.06%, Simons with 0.04% and Jeremy Grantham (Trades, Portfolio) with 0.03%.

General Electric Co. (GE)

In the first quarter, the guru increased his stake by 22.68% and in the second quarter increased it by 32.63%.

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General Electric is a digital industrial company. It operates in various segments including power and water, oil and gas, energy management, aviation, health care, transportation, appliances and lighting and more.

Ken Fisher (Trades, Portfolio) is the largest shareholder among the gurus with 0.25% of outstanding shares followed by Nygren with 0.16%, Steven Romick (Trades, Portfolio) with 0.14%, Warren Buffett (Trades, Portfolio) with 0.12%, T Rowe Price Equity Income Fund (Trades, Portfolio) with 0.12%, First Pacific Advisors (Trades, Portfolio) with 0.09%, Mairs and Power with 0.05%, NWQ Managers (Trades, Portfolio) with 0.02% and Simons with 0.02%.

Skechers USA Inc. (SKX)

The position was increased by 11.34% in the first quarter. In the second quarter the guru increased it by 0.38%. The guru holds 0.19% of outstanding shares.

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Skechers USA manufactures footwear for children, men and women under Skechers GO brand name offering two distinct footwear categories: a lifestyle division and performance footwear. Its products include branded apparel, bags, eyewear, toys and more.

The largest shareholder among the gurus is Royce with 0.33% of outstanding shares followed by Richard Snow (Trades, Portfolio) with 0.24%, Ken Heebner (Trades, Portfolio) with 0.11%, Louis Moore Bacon (Trades, Portfolio) with 0.11%, PRIMECAP Management with 0.05%, David Dreman (Trades, Portfolio) with 0.01% and Scott Black (Trades, Portfolio) with 0.01%.

ServiceMaster Global Holdings Inc. (SERV)

In the first quarter, the guru increased the stake by 31.39% and by 29.21% in the second quarter. The guru holds 0.18% of outstanding shares.

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ServiceMaster Global Holdings is a provider of residential and commercial services, operating through a service network of franchised and licensed locations.

Columbia Wanger is the largest shareholder among the gurus with 0.64% of outstanding shares followed by Pioneer Investments with 0.21%, Simons with 0.14%, John Paulson (Trades, Portfolio) with 0.09% and Gabelli with 0.03%.

SeaWorld Entertainment Inc. (SEAS)

During the first quarter Olstein increased his stake by 16.97% and in the second quarter increased it by 24.53%. The guru holds 0.85% of outstanding shares.

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SeaWorld Entertainment is a U.S.-based theme park and entertainment company. It owns a portfolio of recognized brands including SeaWorld, Busch Gardens and Sea Rescue.

The largest shareholder among the gurus is Barrow, Hanley, Mewhinney & Strauss with 8.07% of outstanding shares followed by Simons with 1.12%, Mario Cibelli (Trades, Portfolio) with 0.57%, Steven Cohen (Trades, Portfolio) with 0.55%, Greenblatt with 0.27% and Jones with 0.08%.

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

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This article first appeared on GuruFocus .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



This article appears in: Investing , Stocks
Referenced Symbols: ATRO , CECE , SJM , FDX , SNA


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