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Weekly Top Insider Buys: F, BK, AES, FTR, IRM

September 11, 2011 | About:
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gururk

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Weekly highlight of top insider buys: Ford Motor Co. (F), Bank of New York Mellon (BK), AES Corp. (AES), Frontier Communications (FTR), and Iron Mountain (IRM).

Ford Motor Co. (F): Executive Chairman and Chairman William Clay Ford Jr. Bought 25,000 Shares



Executive chairman and chairman of Ford Motor Co., William Clay Ford Jr., bought 25,000 shares on 9/06/2011 at an average price of $10.05. Ford Motor Company produces cars and trucks. The company and its subsidiaries also engage in other businesses, including manufacturing automotive components and systems and financing and renting vehicles and equipment. Ford Motor Co. has a market cap of $38.17 billion; its shares were traded at around $10.05 with a P/E ratio of 4.9 and P/S ratio of 0.32.

On July 26, Ford Motor Company reported second quarter 2011 net income of $2.4 billion, or 59 cents per share, a decrease of $201 million, or 2 cents per share, from second quarter 2010. Second quarter pre-tax operating profit was $2.9 billion, or 65 cents per share, a decrease of $64 million, or 3 cents per share, from second quarter 2010.

Ford Motor Co. is in the portfolios of Ken Heebner, Richard Snow, Mario Gabelli, Ronald Muhlenkamp, David Williamson, Leon Cooperman, and Kenneth Fisher.

This month, Director Anthony F. Earley Jr. and Executive Chairman and Chairman William Clay Ford Jr. bought shares of F stock. Director Irvine O. Hockaday Jr. bought 15,000 shares in August. Group Vice President J. C. Mays sold 38,000 shares in July.

Bank of New York Mellon (BK): Vice Chairman & CFO Thomas P. Gibbons Bought 25,000 Shares Vice Chairman & CFO of Bank of New York Mellon, Thomas P. Gibbons, bought 25,000 shares on 9/02/2011 at an average price of $19.92. Bank of New York is a bank holding company and one of the world's larger financial institutions. Bank of New York Mellon has a market cap of $24.56 billion; its shares were traded at around $19.92 with a P/E ratio of 8.74 and P/S ratio of 1.77. The dividend yield of Bank of New York Mellon stocks is 2.61%.

On July 19, The Bank of New York Mellon Corporation reported second quarter net income applicable to common shareholders of $735 million, or $0.59 per common share, compared with net income applicable to common shareholders of $658 million, or $0.54 per common share, in the second quarter of 2010 and net income applicable to common shareholders of $625 million, or $0.50 per common share, in the first quarter of 2011.

Bank of New York Mellon is in the portfolios of Hotchkis & Wiley, Jean-Marie Eveillard, Donald Yacktman, Chris Davis, Mason Hawkins, Tweedy Browne, Kenneth Fisher, Richard Snow, Dodge & Cox, Mario Gabelli, Bill Nygren, Brian Rogers, Tom Gayner, Warren Buffet, Martin Whitman, Third Avenue Management, PRIMECAP Management, and John Rogers.

This month, Chairman, President & CEO Gerald L. Hassell, Vice Chairman & CFO Thomas P. Gibbons, and Director Wesley W. von Schack bought shares of BK stock. Vice Chairman Curtis Arledge bought 52,000 shares in August.

AES Corp. (AES): Executive Vice President and COO Andres Gluski Bought 19,940 Shares

Executive Vice President and COO of AES Corp., Andres Gluski, bought 19,940 shares on 9/06/2011 at an average price of $10.33. AES Corporation and its subsidiaries and affiliates are a global power company committed to serving the world's needs for electricity in a socially responsible way. AES Corp. has a market cap of $8.08 billion; its shares were traded at around $10.33 with a P/E ratio of 10.33 and P/S ratio of 0.49.

On August 5, the AES Corporation reported strong results for the second quarter of 2011. The company's proportional gross margin increased 4% versus the second quarter of 2010, attributable to volume growth in Chile, contributions from new businesses in Northern Ireland, Chile and Bulgaria, and favorable foreign exchange rates.

AES Corp. is in the portfolios of Joel Greenblatt, Mario Gabelli, Chris Davis, and PRIMECAP Management.

Last week, Executive Vice President and COO Andres Gluski bought 19,940 shares of AES stock. 10% Owner Investment Corp Terrific sold 26,725 shares in July.

Frontier Communications (FTR): CLO; Executive Vice President Reg and Government Affairs Kathleen Q. Abernathy Bought 40,000 Shares

CLO; Executive Vice President Reg and Government Affairs of Frontier Communications, Kathleen Q Abernathy, bought 40,000 shares on 09/09/2011 at an average price of $6.82. Frontier Communications, formerly Citizens Communications Company, is a full-service communications provider and one of the largest rural local exchange telephone companies in the country. Frontier Communications has a market cap of $6.79 billion; its shares were traded at around $6.82 with a P/E ratio of 27.28 and P/S ratio of 1.79. The dividend yield of Frontier Communications stocks is 11%.

On August 3, Frontier Communications Corporation reported second-quarter 2011 revenue of $1,322.3 million, operating income of $238.3 million and net income attributable to common shareholders of Frontier of $32.3 million, or $0.03 per share. After excluding $20.3 million for acquisition and integration costs, $11.0 million for severance and early retirement costs and $10.5 million for a discrete tax item, net income attributable to common shareholders of Frontier for the second quarter of 2011 would have been $62.2 million, or $0.06 per share.

Frontier Communications is in the portfolios of Prem Watsa, Jean-Marie Eveillard, and NWQ Managers.

This month, Director Edward Fraioli and CLO; Executive Vice President Reg and Government Affairs Kathleen Q. Abernathy bought shares of FTR stock. Director Jeri B. Finard and Director James S. Kahan bought shares in August.

Iron Mountain (IRM): Director Alfred J. Verrecchia Bought 4,000 Shares Director of Iron Mountain (IRM) Alfred J. Verrecchia bought 4,000 shares on 09/06/2011 at an average price of $31.49. Iron Mountain Incorporated is one of the world's largest records and information management services companies. Iron Mountain has a market cap of $6.4 billion; its shares were traded at around $31.49 with a P/E ratio of 26.24 and P/S ratio of 2.05. The dividend yield of Iron Mountain stocks is 3.18%. Iron Mountain had an annual average earnings growth of 12.2% over the past 10 years. GuruFocus rated Iron Mountain the business predictability rank of 4-star.

On July 28, Iron Mountain reported its financial results for the second quarter ended June 30, 2011. The company reported total revenues of $763 million, an increase of 5% compared to the second quarter of 2010. Revenue growth was supported by solid 3% storage revenue internal growth.

Iron Mountain is in the portfolios of John Keeley, Richard Perry, Wallace Weitz, Arnold Van Den Berg, and Chris Davis.

Last week, Director Alfred J. Verrecchia bought 4,000 shares of IRM stock. CEO & Executive Chairman C Richard Reese and Director Michael W. Lamach sold shares in August.

For the complete list of stocks that bought by their company executives, go to: Insider Buys.
  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

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