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Weekly CEO Buys Highlight: TDY, GDI, ATEC, PBCT, SPAR

March 17, 2012 | About:
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 (NYSE:TDY): Chairman, Pres. & CEO Robert Mehrabian Bought 10,000 Shares

Chairman, Pres. & CEO of Teledyne Tech (NYSE: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 (NYSE:GDI): President & CEO Barry Pennypacker Bought 5,000 Shares

President & CEO of Gardner Denver (NYSE: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 (NASDAQ:ATEC): Chairman and CEO Leslie H Cross Bought 59,181 Shares

Chairman and CEO of Alphatec Holdings (NASDAQ: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 (NASDAQ:PBCT): President and CEO John P Barnes Bought 8,000 Shares

President and CEO of Peoples Utd Fin (NASDAQ: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 (NASDAQ:SPAR): President & CEO John E Sztykiel Bought 5,500 Shares

President & CEO of Spartan Motors (NASDAQ: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.

  • 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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