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RS Investment Continues to Buy Nike, Colgate


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RS Investment Management ( Trades , Portfolio ) is a privately held San Francisco-based investment firm that provides services for pension and profit-sharing plans, pooled investment vehicles, corporations and banks. In both the fourth quarter of 2015 and first quarter of 2016 the guru bought shares in the following stocks:

Quaker Chemical Corp. ( KWR )

During the fourth quarter 2015 the fund increased its stake by 2.53% and increased it by 37.29% in the first quarter 2016. The fund holds 0.04% of outstanding shares in the company, develops, produces and markets formulated chemical specialty products for heavy industrial and manufacturing applications.

During the last quarter operating performance contributed to earnings per diluted share 98 cents compared to 78 cents in the first quarter of 2015 and non-GAAP earnings per diluted share increased 4%.

The largest shareholder among the gurus is Chuck Royce ( Trades , Portfolio ) with 7.67% of outstanding shares followed by Jim Simons ( Trades , Portfolio ) with 1.34%, Barrow, Hanley, Mewhinney & Strauss with 0.26% and Mario Gabelli ( Trades , Portfolio ) with 0.04%.

Colgate-Palmolive Co. ( CL )

During the fourth quarter 2015 the guru increased its stake by 2.66% and by 1.46% in the first quarter 2016. It is a consumer products company. The company provides services such as oral care, personal care, home care and pet nutrition.

During the first quarter net sales decreased 7.5% from the same quarter of a year before, but organic sales grew 5.0%. Gross profit margin was 59.8% compared to 58.8% in first quarter 2015.

Simons is the company's largest shareholder among the gurus with 1.11% of outstanding shares followed by First Eagle Investment ( Trades , Portfolio ) with 0.52%, Jeremy Grantham ( Trades , Portfolio ) with 0.26%, Pioneer Investments ( Trades , Portfolio ) with 0.24%, Donald Yacktman ( Trades , Portfolio ) with 0.15%, Yacktman Fund ( Trades , Portfolio ) with 0.13% and Paul Tudor Jones ( Trades , Portfolio ) with 0.03%.

Public Service Enterprise Group Inc. ( PEG )

During the fourth quarter of 2015 the fund increased its stake by 2.53% and increased it by 12.91% in the first quarter of 2016. The fund holds 0.07% of outstanding shares in the company and operates as an energy company with a diversified business mix. Its operations are located primarily in the Northeastern and Mid-Atlantic U.S.

First quarter net income was 93 cents per share as compared to $1.15 per share in the first quarter of 2015. Operating earnings was 91 cents per share compared to $1.04 per share in the same quarter of a year before.

The largest shareholder among the gurus is Pioneer Investments ( Trades , Portfolio ) with 0.6% of outstanding shares followed by GranthamAA with 0.11%.

Boingo Wireless Inc. ( WIFI )

During the fourth quarter 2015 the guru increased its stake by 52.50% and by 43.40% in the first quarter 2016. The fund holds 1.12% of outstanding shares in the company that along with its

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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: NKE , FDX , WLK



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