This week in American insider trading, we saw an increase in cluster buys coming from corporate executives. The banking and oil and gas industries saw the highest increase in insider buys. The following insider cluster buys were the largest for this week.
1. AGCO Corp (AGCO)
Director Mallika Srinivasan keeps increasing her stake in the tractor producing company. This week she made four different buys adding a total of 324,368 shares at an average price of $48.30 per share. She spent a total of $15,731,841 this week alone. Srinivasan is now in control of over 5 million shares of AGCO.
Senior Vice President and Chief Supply Chain Officer Hans Veltmaat added a much smaller 3,920 shares at $49 each. This cost Veltmaat $192,080.
Mallika Srinivasan is the CEO and chairman of India-based TAFE, Tractor and Farm Equipment. TAFE is the second largest tractor manufacturer in India and the third largest in the world. In 2013 alone Srinivasan has bought over 2.5 million shares of AGCO.
AGCO has shown predictable revenue and earnings growth as well as an expansion in the operating margin. The GuruFocus analysis demonstrates that the asset growth of AGCO is faster than the revenue growth.
AGCO’s income statement shows that its revenue and net income have been increasing steadily over the past 10 years. The company’s EPS has also seen an increase since 2006.
Ten gurus hold a stake in AGCO. To see these gurus and the shares they hold, click here.
With its shares up 1.43%, AGCO trades at $49.10.
2. FuelCell Energy (FCEL)
FuelCell Energy reported four large insider buys on April 18. These buys came as the price of FuelCell dropped to a 52-week low.
The four insiders included Chairman John Rolls, Director James Gerson, CFO and Senior Vice President Michael Bishop, and President and CEO Arthur Bottone. They bought a total of 311,500 shares at an average price of $0.91. They spent a total of $284,550.
This marks the largest insider cluster buy for the company.
GuruFocus reports that the company’s revenue has been in a decline for the last five years. The operating margin has also decreased by approximately 27.8% per year for the past five years. The P/S Ratio is close to a one-year low of 1.1.
FuelCell designs, manufactures, sells, installs and services ultra-clean stationary fuel cell power plants for distributed baseload power generation.
There are currently no gurus that hold stake in FuelCell.
With its shares up 9.99%, FuelCell trades at $0.99.
3. Casella Waste (CWST)
Casella Waste reported two significant insider buys this week.
Senior Vice President and CFO Edmond Coletta bought 2,000 shares at $4.09 per share. This cost Coletta $8,180. He now holds on to 43,431 shares of Casella.
President and COO Edwin Johnson bought 20,000 shares of Casella at $4.10 each. This transaction cost Johnson $82,000. Johnson now owns 123,194 shares of Casella.
These buys come as the price nears a 3-year low price of $3.69.
The GuruFocus analysis reports that the company’s revenue has been in decline for the past 5 years. Also, the gross margin has been in a long-term decline of approximately -1.7% per year.
The company is a solid waste, recycling and resource management services company. It provides resource management services to residential, commercial, municipal and industrial customers. The company operates in six states in northeastern America.
Guru Jim Simons holds 40,304 shares and Mario Gabelli owns 207,081 shares of the waste company.
With its shares up 1.74%, CWST trades at $4.09.
4. Bank of the Ozarks (OZRK)
This week two directors of the Bank of the Ozarks bought a total of 1,355 shares of the bank’s stocks.
Directors John Reynolds and Nicholas Brown added 1,355 shares at an average price of $40.28. The men spent a combined total of $54,573 on these transactions.
These buys mark the first for the company since right before the price of the company jumped over 26% in November 2012.
The GuruFocus analysis reports that the per-share revenue has declined in the past 12 months. It also reports that the P/S Ratio is close to a five-year high of 6.44.
Bank of the Ozarks is an Arkansas bank holding company. The company provides a range of retail and commercial banking services.
Jim Simons currently holds 299,100 shares of the bank.
With its shares up 1.3%, Bank of the Ozarks trades at $40.40.
To view the complete list of insider cluster buys within the past week, click here.
- 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.