Weekly highlight of top insider buys: AutoNation Inc. (NYSE:AN), Lincoln National Corp. (NYSE:LNC), RPC Inc. (NYSE:RES), Dick’s Sporting Goods Inc. (NYSE:DKS), Alexander & Baldwin Inc. (AXB)
For the complete list of stocks that bought by their company executives, go to: Insider Buys.
AutoNation Inc. (NYSE:AN): Bill & Melinda Gates Foundation Bought 1,305,150 Shares:
AutoNation Inc. is the one of the largest automotive retailers in the United States. The company owns and operates new vehicle franchises from dealership locations in major metropolitan markets in numerous states predominantly in the Sunbelt states. Its business consists primarily of the sale financing and servicing of new and used vehicles. The company also provides other related services and products such as the sale of parts and accessories extended service contracts aftermarket automotive products and collision repair services.
Microsoft Corp co-founder Bill Gates has raised his stake in AutoNation Inc. to almost 12 percent. Gates, who reported a 10 percent stake in AutoNation last week, said on Friday, November 28, in filings with the U.S. Securities and Exchange Commission that his funds purchased additional shares in the company this week.
AutoNation Inc. is owned by three Gurus. As of 9/30/08, Edward Lampert owns 77,763,550 shares, which accounts for 7.57% of the $11.55 billion portfolio of ESL Investments. HOTCHKIS & WILEY owns 14,396,700 shares, which accounts for 1.08% of the $15.02 billion portfolio of HOTCHKIS & WILEY Capital Management LLC. Bruce Sherman owns 5,719,784 shares, which accounts for 1.29% of the $4.99 billion portfolio of Private Capital Management.
Cascade Investment Llc bought shares of AutoNation Inc. on 11/26/08 . The price per share has increased more than 5% since.
AutoNation Inc. has a market cap of $1.51 billion; its shares were traded at around $8.54 with P/S ratio of 0.09. AutoNation Inc. had an annual average earning growth of 17.6% over the past 10 years.
Lincoln National Corp. (NYSE:LNC): Director David A Stonecipher Bought 200,000 Shares
Lincoln National Corp. is a holding company. Through subsidiary companies the company operates multiple insurance and investment management businesses. Operations are divided into four business segments: Life Insurance and Annuities; Lincoln UK ; Reinsurance and; Investment Management.
Shares of Lincoln fell 40% Wednesday and had lost an additional 18% Thursday. “While the incremental data from the meeting suggest LNC’s operating performance has continued to be under significant pressure in 4Q:08, we find it difficult to justify yesterday’s 40% sell-off,” wrote analysts at Sanford Bernstein. “In particular, we feel the company has a reasonable amount of flexibility in terms of capital and liquidity.”
Lincoln National Corp. is owned by four Gurus.As of 9/30/08, Richard Aster Jr owns 14,085 shares, which accounts for 0.02% of the $2.63 billion portfolio of Meridian Fund. Richard Aster Jr owns 14,085 shares, which accounts for 0.02% of the $2.63 billion portfolio of Meridian Fund. Brian Rogers owns 3,850,000 shares, which accounts for 0.89% of the $17.87 billion portfolio of T Rowe Price Equity Income Fund. Kenneth Fisher owns 5,415 shares, which accounts for less than 0.01% of the $31.63 billion portfolio of Fisher Asset Management, LLC. David Dreman owns 10,370 shares, which accounts for less than 0.01% of the $10.85 billion portfolio of Dreman Value Management.
Director David A Stonecipher , SVP & General Counsel Dennis L Schoff , and William J Avery bought shares of Lincoln National Corp. in November; the price per share has increased more than 120% since.
Charles C Cornello , Terrence James Mullen , Mark E Konen , Douglas N Miller , SVP Heather Case Dzielak , and President-Employer Markets Westley V Thompson sold shares of LNC stock in September and August; the price per share has decreased more than 70% since.
Lincoln National Corp. has a market cap of $3.51 billion; its shares were traded at around $13.73 with a P/E ratio of 5.34 and P/S ratio of 0.29. The dividend yield of Lincoln National Corp. stocks is 26.1%. Lincoln National Corp. had an annual average earning growth of 17.5% over the past 10 years.
RPC Inc. (NYSE:RES): Director Henry B Tippie Bought 100,000 Shares
RPC Inc. has two major business segments: boat manufacturing and oil and gas services. Chaparral Boats Inc. a wholly owned subsidiary of RPCsells four lines of powerboats to a nationwide network of independent dealers. The oil and gas services segment provides a variety of services equipment and personnel to the oil and gas industry.
RPC Inc. said on Friday, October 31 that its board declared a regular quarterly dividend of 6 cents. The oilfield services and equipment provider said the dividend is payable Dec. 10 to shareholders of record on Nov. 10.
RPC Inc. is owned by one Guru. David Dreman owns 488,500 shares as of 09/30/2008, a decrease of 39.82% of from the previous quarter. This position accounts for 0.06% of the $10.85 billion portfolio of Dreman Value Management.
VP, CFO and Treasurer Ben M Palmer sold 20,000 shares of RES stock on 07/28/2008 at the average price of $17.34; the price of the stock has decreased by 50.4% since. Director Henry B Tippie bought shares RES stock in November; the price per share has increased more than 27% since.
RPC Inc. has a market cap of $843.67 million; its shares were traded at around $8.6 with a P/E ratio of 10.14 and P/S ratio of 1.02. The dividend yield of RPC Inc. stocks is 3.21%. RPC Inc. had an annual average earning growth of 20.3% over the past 10 years.
Dick's Sporting Goods Inc. (NYSE:DKS): Director William J Colombo Bought 50,000 Shares
Dick's Sporting Goods is a leading full-line sporting goods retailer in the United States .
Dick's Sporting Goods reported third-quarter earnings Thursday, November 20 that were down year-over-year, but were in line with the expectations of Wall Street analysts. Net income for the quarter was $7.4 million, or 6 cents per share, compared to $12.2 million or 10 cents per share, in the year-ago quarter.
Dick’s Sporting Goods Inc. is owned by two Gurus. As of 9/30/08, Ron Baron owns 11,083,657 shares, which accounts for 1.41% of the $15.41 billion portfolio of Baron Funds. Steve Mandel owns 2,937,309 shares, which accounts for 1.11% of the $5.18 billion portfolio of Lone Pine Capital. Jean-Marie Eveillard sold out her holdings in the same quarter.
Chairman, CEO and President, Director, 10% Owner Edward W Stack bought 60,000 shares of DKS stock in June at the average price of $17.74; the price of the stock has decreased by 28.92% since. Directors William J Colombo and Walter Rossi , Exec. VP and COO Joseph H Schmidt bought shares of DKS stock in the past few months; the price per share has increased more than 15% since. Director Lawrence J Schorr sold 50,000 shares of DKS stock in September; the price of the stock has decreased by 40.27% since.
Dick's Sporting Goods Inc. has a market cap of $1.41 billion; its shares were traded at around $12.61 with a P/E ratio of 10.37 and P/S ratio of 0.34. Dick's Sporting Goods Inc. had an annual average earning growth of 26.1% over the past 5 years.
ALEXANDER & BALDWIN INC (AXB): Director Walter A Jr Dods Bought 22,860 Shares
ALEXANDER & BALDWIN INC. through its subsidiaries is engaged principally in ocean transportation of goods between west coast of U.S. Hawaii and Marshall Islands ; real estate ownership development management sale & leasing; agriculture and food production (growing of sugar cane & production of raw sugar & molasses); trucking and investments (including equity positions in other companies).
Alexander & Baldwin, Inc. reported on Friday, October 24 that net income for the third quarter of 2008 was $36.8 million, or $0.89 per fully diluted share. Net income in the third quarter of 2007 was $49.1 million, or $1.14 per fully diluted share. Revenue in the third quarter of 2008 was $458.6 million, compared with revenue of $432.9 million in the third quarter of 2007.
Alexander & Baldwin Inc. is owned by one Guru. Third Avenue Management owns 1,812,364 shares as of 09/30/2008, which accounts for 1.05% of the $4.78 billion portfolio of Third Avenue Management.
Directors Walter A Jr Dods and Director Douglas M Pasquale bought shares of AXB in November; the price per share has decreased more than 12% since. EVP & COO of wholly-owned sub. Matthew J Cox sold shares of AXB stock in July; the price of the stock has decreased more than 40% since.
ALEXANDER & BALDWIN INC has a market cap of $1.07 billion; its shares were traded at around $25.85 with a P/E ratio of 7.51 and P/S ratio of 0.53. The dividend yield of ALEXANDER & BALDWIN INC stocks is 5.71%.
- 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.