Weekly CEO Buys Highlight: TDY, GDI, ATEC, PBCT, SPAR
According to GuruFocus Insider Data, these are the largest CEO buys during the past week. The overall trend of CEOs is illustrated in the chart below:
Teledyne Tech (TDY, Financial): Chairman, Pres. & CEO Robert Mehrabian Bought 10,000 Shares
Chairman, Pres. & CEO of Teledyne Tech (TDY) Robert Mehrabian bought 10,000 shares on 03/15/2012 at an average price of $60.94. Teledyne Technologies Inc. is a provider of sophisticated electronic and communication products, systems engineering solutions and information technology services, and aerospace engines and components. Teledyne Tech has a market cap of $2.17 billion; its shares were traded at around $60.94 with a P/E ratio of 15.7 and P/S ratio of 1.1. Teledyne Tech had an annual average earnings growth of 18.6% over the past 10 years. GuruFocus rated Teledyne Tech the business predictability rank of 2.5-star.
TDY recently reported fourth quarter 2011 sales from continuing operations of $474.5 million, compared with sales of $421.5 million for the fourth quarter of 2010, an increase of 12.6%. Net income from continuing operations including non-controlling interest was $36.8 million ($0.99 per diluted share) for the fourth quarter of 2011, compared with $37.0 million ($1.00 per diluted share) for the fourth quarter of 2010.
Joel Greenblatt owns 17,405 shares as of 12/31/2011, an increase of 23.09% from the previous quarter. This position accounts for 0.12% of the $829 million portfolio of Gotham Capital. Ken Fisher owns 865,681 shares as of 12/31/2011, which accounts for 0.14% of the $33.5 billion portfolio of Fisher Asset Management, LLC. John Keeley owns 527,780 shares as of 12/31/2011, which accounts for 0.61% of the $4.78 billion portfolio of Keeley Fund Management.
Director Paul David Miller sold 4,000 shares of TDY stock on 02/24/2012 at the average price of 61.01. Paul David Miller owns at least 9,710 shares after this. The price of the stock has decreased by 0.11% since.
Gardner Denver (GDI, Financial): President & CEO Barry Pennypacker Bought 5,000 Shares
President & CEO of Gardner Denver (GDI) Barry Pennypacker bought 5,000 shares on 03/09/2012 at an average price of $70.74. Gardner Denver, Inc., formerly known as Gardner Denver Machinery Inc. Gardner Denver has a market cap of $3.52 billion; its shares were traded at around $70.74 with a P/E ratio of 12.8 and P/S ratio of 1.5. The dividend yield of Gardner Denver stocks is 0.3%.
Gardner Denver's fourth quarter 2011 revenues of $613.7 million were up 16% over the $530.0 million reported in the fourth quarter of 2010. Operating income for the fourth quarter of 2011 was $108.1 million, a 35% increase from $80.4 million recorded in the same period of 2010.
Mario Gabelli owns 30,600 shares as of 12/31/2011, which accounts for 0.019% of the $12.57 billion portfolio of GAMCO Investors. Daniel Loeb owns 500,000 shares as of 12/31/2011, which accounts for 1.5% of the $2.5 billion portfolio of Third Point, LLC. John Keeley owns 260,500 shares as of 12/31/2011, a decrease of 20.34% of from the previous quarter. This position accounts for 0.42% of the $4.78 billion portfolio of Keeley Fund Management.
Director David D Petratis sold 3,600 shares of GDI stock on 03/14/2012 at the average price of 70.46. David D Petratis owns at least 12,781 shares after this. The price of the stock has increased by 0.4% since. Other insiders have also decreased their positions in the company.
Alphatec Holdings (ATEC, Financial): Chairman and CEO Leslie H Cross Bought 59,181 Shares
Chairman and CEO of Alphatec Holdings (ATEC) Leslie H Cross bought 59,181 shares on 03/09/2012 at an average price of $2.13. Alphatec is a medical device company focused on the design, development, manufacturing and marketing of products for the surgical treatment of spine disorders. Alphatec Holdings has a market cap of $184.7 million; its shares were traded at around $2.13 with and P/S ratio of 0.9.
ATEC recently reported its full year 2011 results. Full year 2011 revenue of $197.7 million grew 8.1% on a pro forma basis, or 5.8% on a constant currency basis, compared to the full year 2010.
Peoples Utd Fin (PBCT, Financial): President and CEO John P Barnes Bought 8,000 Shares
President and CEO of Peoples Utd Fin (PBCT) John P Barnes bought 8,000 shares on 03/12/2012 at an average price of $13.3. People's Bank is a diversified financial services company providing consumer and commercial banking services, in addition to insurance, trust and financial advisory services. Peoples Utd Fin has a market cap of $4.52 billion; its shares were traded at around $13.3 with a P/E ratio of 19 and P/S ratio of 3.6. The dividend yield of Peoples Utd Fin stocks is 5%. Peoples Utd Fin had an annual average earnings growth of 4.4% over the past 10 years.
NWQ Managers owns 970,081 shares as of 12/31/2011, which accounts for 0.082% of the $15.4 billion portfolio of NWQ Investment Management Co. Charles Brandes owns 481,838 shares as of 12/31/2011, which accounts for 0.057% of the $10.87 billion portfolio of Brandes Investment. Mario Gabelli sold out his holdings in the quarter that ended on 12/31/2011.
Director Richard M Hoyt sold 5,350 shares of PBCT stock on 03/02/2012 at the average price of 12.71. Richard M Hoyt owns at least 179,660 shares after this. The price of the stock has increased by 4.64% since.
Spartan Motors (SPAR, Financial): President & CEO John E Sztykiel Bought 5,500 Shares
President & CEO of Spartan Motors (SPAR) John E Sztykiel bought 5,500 shares on 03/14/2012 at an average price of $5.43. Spartan is a designer, engineer and manufacturer of customheavy-duty chassis. Spartan Motors has a market cap of $183.8 million; its shares were traded at around $5.43 with a P/E ratio of 68.4 and P/S ratio of 0.4. The dividend yield of Spartan Motors stocks is 1.8%.
Mario Gabelli owns 290,000 shares as of 12/31/2011, which accounts for 0.011% of the $12.57 billion portfolio of GAMCO Investors.
According to GuruFocus Insider Data, these are the largest CEO buys during the past week. The overall trend of CEOs is illustrated in the chart below:
Teledyne Tech (TDY, Financial): Chairman, Pres. & CEO Robert Mehrabian Bought 10,000 Shares
Chairman, Pres. & CEO of Teledyne Tech (TDY) Robert Mehrabian bought 10,000 shares on 03/15/2012 at an average price of $60.94. Teledyne Technologies Inc. is a provider of sophisticated electronic and communication products, systems engineering solutions and information technology services, and aerospace engines and components. Teledyne Tech has a market cap of $2.17 billion; its shares were traded at around $60.94 with a P/E ratio of 15.7 and P/S ratio of 1.1. Teledyne Tech had an annual average earnings growth of 18.6% over the past 10 years. GuruFocus rated Teledyne Tech the business predictability rank of 2.5-star.
TDY recently reported fourth quarter 2011 sales from continuing operations of $474.5 million, compared with sales of $421.5 million for the fourth quarter of 2010, an increase of 12.6%. Net income from continuing operations including non-controlling interest was $36.8 million ($0.99 per diluted share) for the fourth quarter of 2011, compared with $37.0 million ($1.00 per diluted share) for the fourth quarter of 2010.
Joel Greenblatt owns 17,405 shares as of 12/31/2011, an increase of 23.09% from the previous quarter. This position accounts for 0.12% of the $829 million portfolio of Gotham Capital. Ken Fisher owns 865,681 shares as of 12/31/2011, which accounts for 0.14% of the $33.5 billion portfolio of Fisher Asset Management, LLC. John Keeley owns 527,780 shares as of 12/31/2011, which accounts for 0.61% of the $4.78 billion portfolio of Keeley Fund Management.
Director Paul David Miller sold 4,000 shares of TDY stock on 02/24/2012 at the average price of 61.01. Paul David Miller owns at least 9,710 shares after this. The price of the stock has decreased by 0.11% since.
Gardner Denver (GDI, Financial): President & CEO Barry Pennypacker Bought 5,000 Shares
President & CEO of Gardner Denver (GDI) Barry Pennypacker bought 5,000 shares on 03/09/2012 at an average price of $70.74. Gardner Denver, Inc., formerly known as Gardner Denver Machinery Inc. Gardner Denver has a market cap of $3.52 billion; its shares were traded at around $70.74 with a P/E ratio of 12.8 and P/S ratio of 1.5. The dividend yield of Gardner Denver stocks is 0.3%.
Gardner Denver's fourth quarter 2011 revenues of $613.7 million were up 16% over the $530.0 million reported in the fourth quarter of 2010. Operating income for the fourth quarter of 2011 was $108.1 million, a 35% increase from $80.4 million recorded in the same period of 2010.
Mario Gabelli owns 30,600 shares as of 12/31/2011, which accounts for 0.019% of the $12.57 billion portfolio of GAMCO Investors. Daniel Loeb owns 500,000 shares as of 12/31/2011, which accounts for 1.5% of the $2.5 billion portfolio of Third Point, LLC. John Keeley owns 260,500 shares as of 12/31/2011, a decrease of 20.34% of from the previous quarter. This position accounts for 0.42% of the $4.78 billion portfolio of Keeley Fund Management.
Director David D Petratis sold 3,600 shares of GDI stock on 03/14/2012 at the average price of 70.46. David D Petratis owns at least 12,781 shares after this. The price of the stock has increased by 0.4% since. Other insiders have also decreased their positions in the company.
Alphatec Holdings (ATEC, Financial): Chairman and CEO Leslie H Cross Bought 59,181 Shares
Chairman and CEO of Alphatec Holdings (ATEC) Leslie H Cross bought 59,181 shares on 03/09/2012 at an average price of $2.13. Alphatec is a medical device company focused on the design, development, manufacturing and marketing of products for the surgical treatment of spine disorders. Alphatec Holdings has a market cap of $184.7 million; its shares were traded at around $2.13 with and P/S ratio of 0.9.
ATEC recently reported its full year 2011 results. Full year 2011 revenue of $197.7 million grew 8.1% on a pro forma basis, or 5.8% on a constant currency basis, compared to the full year 2010.
Peoples Utd Fin (PBCT, Financial): President and CEO John P Barnes Bought 8,000 Shares
President and CEO of Peoples Utd Fin (PBCT) John P Barnes bought 8,000 shares on 03/12/2012 at an average price of $13.3. People's Bank is a diversified financial services company providing consumer and commercial banking services, in addition to insurance, trust and financial advisory services. Peoples Utd Fin has a market cap of $4.52 billion; its shares were traded at around $13.3 with a P/E ratio of 19 and P/S ratio of 3.6. The dividend yield of Peoples Utd Fin stocks is 5%. Peoples Utd Fin had an annual average earnings growth of 4.4% over the past 10 years.
NWQ Managers owns 970,081 shares as of 12/31/2011, which accounts for 0.082% of the $15.4 billion portfolio of NWQ Investment Management Co. Charles Brandes owns 481,838 shares as of 12/31/2011, which accounts for 0.057% of the $10.87 billion portfolio of Brandes Investment. Mario Gabelli sold out his holdings in the quarter that ended on 12/31/2011.
Director Richard M Hoyt sold 5,350 shares of PBCT stock on 03/02/2012 at the average price of 12.71. Richard M Hoyt owns at least 179,660 shares after this. The price of the stock has increased by 4.64% since.
Spartan Motors (SPAR, Financial): President & CEO John E Sztykiel Bought 5,500 Shares
President & CEO of Spartan Motors (SPAR) John E Sztykiel bought 5,500 shares on 03/14/2012 at an average price of $5.43. Spartan is a designer, engineer and manufacturer of customheavy-duty chassis. Spartan Motors has a market cap of $183.8 million; its shares were traded at around $5.43 with a P/E ratio of 68.4 and P/S ratio of 0.4. The dividend yield of Spartan Motors stocks is 1.8%.
Mario Gabelli owns 290,000 shares as of 12/31/2011, which accounts for 0.011% of the $12.57 billion portfolio of GAMCO Investors.
