Weekly Top Insider Buys: CME Group Inc., CSX Corp., Peabody Energy Corp., Avery Dennison Corp., Manpower Inc.

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Oct 28, 2008
This is the weekly highlight of insider buys. Related companies: CME Group Inc. (CME, Financial), CSX Corp. (CSX, Financial), Peabody Energy Corp. (BTU, Financial), Avery Dennison Corp. (AVY, Financial), Manpower Inc. (MAN, Financial)


For complete list of insider buys, go to: All insider buys


CME Group Inc. (CME): Director Patrick B Lynch Bought 7,194 Shares


Chicago Mercantile Exchange Holdings is the parent company of Chicago Mercantile Exchange Inc, the largest futures exchange in the United States based on notional value trading volume and open interest. As an international marketplace, CME brings together buyers and sellers on its trading floors and GLOBEX around-the-clock electronic trading platform. CME offers futures contracts and options on futures primarily in four product areas: interest rates stock indexes foreign exchange and commodities.


CME Group Inc. said on Monday, October 20, that 150 positions will be eliminated at the former Nymex Holdings as part of the companies' combination. The deal gave CME a foothold into the fast-growing market for energy derivatives and access to new geographic areas.


CME Group Inc. is owned by two Gurus. As of 6/30/08, Ron Baron owns 629,179 shares, which accounts for 1.43% of the $16.92 billion portfolio of Baron Funds, and George Soros owns 8,000 shares, which accounts for 0.12% of the $2.47 billion portfolio of Soros Fund Management LLC.


Directors Patrick B Lynch and Joseph Niciforo bought shares of CME in October and June respectively. The price per share has decreased more than 9% since. Directors Robert F Corvino, Leo Melamed, and Gary M Katler sold shares of CME in September and May respectively.


CME Group Inc. has a market cap of $13.7 billion; its shares were traded at around $251.2 with a P/E ratio of 15.20 and P/S ratio of 6.63. The dividend yield of CME Group Inc. stocks is 1.26%.


CSX Corp. (CSX): Director Gilbert H Lamphere Bought 22,149 Shares


CSX Corporation's unique combination of rail container-shipping intermodal and logistics services provides global reach that's second to none. The company's goal advanced at each of its business units is to provide efficient competitive transportation and related services for customers.


CSX Corp. said on Thursday, October 23 that its board declared a regular quarterly dividend of 22 cents per share. The company said the dividend is payable Dec. 15 to shareholders of record on Dec. 1.


CSX Corp. is owned by four Gurus. As of 6/30/08, Ken Heebner bought 770,000 shares, which is 0.33% of the $14.5 billion portfolio of Capital Growth Management LP. Chuck Akre owns 18,833 shares, which accounts for 0.08% of the $1.45 billion portfolio of Akre Capital Management, LLC, Dodge & Cox owns 28,200 shares, which accounts for less than 0.01% of the $107.5 billion portfolio of Dodge & Cox, and Kenneth Fisher owns 481,002 shares, which accounts for 0.08% of the $38.68 billion portfolio of Fisher Asset Management, LLC. In the same quarter, George Soros sold out his holdings.


Chairman, President & CEO, Director Michael J Ward sold 80,000 shares of CSX stock on 08/04/2008 at the average price of $64.72; the price of the stock has decreased by 32.42% since. Director Gilbert H Lamphere bought 22,149 shares of CSX stock in October. Senior VP-Human Resources Robert J Haulter and Director William C Richardson sold shares of CSX stock in August and June respectively; the price per stock has decreased more than 30% since.


CSX Corp. has a market cap of $16.72 billion; its shares were traded at around $43.74 with a P/E ratio of 11.88 and P/S ratio of 1.55. The dividend yield of CSX Corp. stocks is 2.03%.


Peabody Energy Corp. (BTU): Exec. VP & COO Eric Ford Bought 19,940 Shares


Peabody Energy is the largest private-sector coal company in the world. They offer a broad portfolio of coal supplies including coal produced from operations that Peabody Energy manages or owns majority interests in along with brokered coal secured by Peabody Coaltrade.


Peabody Energy Corp. said on Friday, October 24 that its board of directors doubled the size of its existing share repurchase program to $1 billion. The buyback program, which began in 2005, doesn't have an expiration date. The company currently has 270.7 million shares outstanding, worth about $8.01 billion at current prices.


Peabody Energy Corp. is owned by three Gurus. As of 6/30/08, Ken Heebner bought 7,690,000 shares, which is 4.67% of the $14.5 billion portfolio of Capital Growth Management LP. John Keeley owns 21,710 shares, which accounts for 0.02% of the $10.95 billion portfolio of Keeley Fund Management. Primecap Management owns 4,292,000 shares, which accounts for 0.62% of the $60.81 billion portfolio of Primecap Management.


Chairman and CEO, Director Gregory H Boyce sold 20,641 shares of BTU stock on 6/30/2008 at the average price of $88; the price of the stock has decreased by 65.3% since. Exec. VP & COO Eric Ford bought shares of BTU stock in October; the price of the stock has decreased by 16.31% since. Director Sandra Van Trease and Pres & Chief Comm. Officer Richard A Navarre sold shares of BTU in May; the price per share has decreased more than 50% since.


Peabody Energy Corp. has a market cap of $8.09 billion; its shares were traded at around $30.54 with a P/E ratio of 11.60 and P/S ratio of 1.41. The dividend yield of Peabody Energy Corp. stocks is 0.75%.


Avery Dennison Corp. (AVY): Director Peter W Mullin Bought 15,000 Shares


Avery Dennison Corporation produces pressure-sensitive adhesives and materials and the production of consumer and converted products. The company also manufactures and sells a variety of consumer and converted products and other items not involving pressure-sensitive components such as notebooks three-ring binders among others.


The Board of Directors of Avery Dennison Corporation declared on Thursday, October 23 a quarterly cash dividend of $0.41 per share. The dividend is payable on December 17, 2008, to shareholders of record at the close of business on December 3, 2008.


Avery Dennison Corp. is owned by six Gurus. As of 6/30/08, Primecap Management owns 1,533,500 shares, which accounts for 0.11% of the $60.81 billion portfolio of Primecap Management. Brian Rogers owns 4,000,000 shares, which accounts for 0.89% of the $17.87 billion portfolio of T Rowe Price Equity Income Fund. Arnold Van Den Berg owns 1,819,537 shares, which accounts for 3.34% of the $2.4 billion portfolio of Century Management. Dodge & Cox owns 6,600 shares, which accounts for less than 0.01% of the $107.5 billion portfolio of Dodge & Cox. Richard Aster Jr owns 14,055 shares, which accounts for 0.02% of the $2.76 billion portfolio of Meridian Fund. Brian Rogers owns 3,500,000 shares as of 09/30/2008, which accounts for 0.84% of the $17.87 billion portfolio of T Rowe Price Equity Income Fund.


Director Peter W Mullin bought 15,000 shares of AVY stock on 10/24/2008 at the average price of $30.65; the price of the stock has increased by 4.89% since.


Avery Dennison Corp. has a market cap of $3.07 billion; its shares were traded at around $32.15 with a P/E ratio of 10.17 and P/S ratio of 0.46. The dividend yield of Avery Dennison Corp. stocks is 4.87%.


Manpower Inc. (MAN): EVP, Chf Finl Officer & Sec Handel Michael J Van Bought 10,000 Shares


Manpower Inc. is a leading non-governmental employment services organization. The company's largest operations based on revenues are located in the United States France and the United Kingdom. The company provides a variety of staffing and workforce management services and solutions including temporary staffing services contract services and training and testing of temporary and permanent workers. The company provides employment services to a wide variety of customers.


Manpower Inc. is owned by two Gurus. As of 6/30/08, Tom Gayner bought 60,000 shares, which is 0.23% of the $1.52 billion portfolio of Markel Gayner Asset Management Corp, and HOTCHKIS & WILEY owns 1,359,000 shares, an increase of 33.18% from the previous quarter, which accounts for 0.44% of the $18.03 billion portfolio of HOTCHKIS & WILEY Capital Managment LLC.


EVP, Chf Finl Officer & Sec Handel Michael J Van bought 10,000 shares of MAN stock on 10/22/2008 at the average price of $27.63; the price of the stock has decreased by 2.42% since. Director J Thomas Bouchard bought 1,030 shares of MAN stock on 08/26/2008 at the average price of $48.68; the price of the stock has decreased by 44.62% since.


Manpower Inc. has a market cap of $2.12 billion; its shares were traded at around $26.96 with a P/E ratio of 7.94 and P/S ratio of 0.09. The dividend yield of Manpower Inc. stocks is 2.44%.