Insiders Roundup: Masimo, Hertz

Largest Insider trades of the week

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The GuruFocus All-in-One Screener can be used to find insider trades from a specific period of time or for a certain range of values. For these stock picks, I went under the Insiders tab and changed the settings for All Insider Buying to “$200,000+,” the duration to “March 2019” and All Insider Sales to “$200,000+.”

According to these filters, the following are this week's most significant trades from company insiders.

Gates Industrial

10% owners Blackstone Group Inc. and Omaha Aggregator (Cayman) L.P. bought a combined 1,040,800 shares of Gates Industrial Corp. PLC (GTES) for an average price of $8.78 per share from March 10 to March 13.

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The company, which manufactures fluid power solutions, has a market cap of $2.31 billion and an enterprise value of $5.11 billion. It has institutional ownership of 14.74% and insider ownership of 0.19%.

Over the past 12 months, the stock has declined 49%. As of Friday, it was trading 52.08% below its 52-week high and 17.75% above its 52-week low.

Kala Pharmaceuticals

Directors and 10% owners Rajeev M. Shah and RA Capital Healthcare Fund LP bought a combined 12.6 million shares of Kala Pharmaceuticals Inc. (KALA) for an average price of $7.89 per share on March 13.

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The biotechnology company has a market cap of 250 million and an enterprise value of $265 million. It has institutional ownership of 16.81% and insider ownership of 1.45%.

Over the past 12 months, the stock has declined 25%. As of Friday, it was trading 27.84% below its 52-week high and 100% above its 52-week low.

Hertz Global Holdings

Carl C. Icahn, 10% owner of Hertz Global Holdings Inc. (HTZ), bought 11,416,257 shares for an average price of $7.43 per share on March 12.

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The provider of rental services for automotive vehicles has a market cap of $1.17 billion and an enterprise value of $19.36 billion. It has institutional ownership of 38.69% and insider ownership of 2.52%.

Over the past 12 months, the stock has tanked 45%. As of Friday, it was trading 60.48% below its 52-week high and 31.21% above its 52-week low.

TransDigm Group

Robert J. Small, Director of TransDigm Group Inc. (TDG), bought a combined 357,524 shares for an average price of $472 per share on March 10 and 11.

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The provider of products for the aerospace and defense industry has a market cap of 22.27 billion and an enterprise value of $36.46 billion. It has institutional ownership of 64.43% and insider ownership of 0.63%.

Over the past 12 months, the shares have declined 5.7%. As of Friday, it was trading 38.42% below its 52-week high and 6.33% above its 52-week low.

Newell Brands

Carl C. Icahn, 10% owner of Newell Brands Inc. (NWL), bought 2.5 million shares for an average price of $13.41 per share on March 11.

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The global consumer goods company has a market cap of $5.49 billion and enterprise value of $11.57 billion. It has institutional ownership of 53.42% and insider ownership of 2.08%.

Over the past 12 months, the shares have declined 16.7%. As of Friday, it was trading 38.26% below its 52-week high and 15.10% above its 52-week low.

Uber

Director Garrett Camp sold 510,000 shares of Uber Technologies Inc. (UBER) for an average price of $26.10 per share on March 12.

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The rideshare technology company has a market cap of $38.96 billion and enterprise value of $35.92 billion. It has institutional ownership of 18.59% and insider ownership of 2.07%.

Over the past 12 months, the stock declined 45%. As of Friday, it was trading 52% below its 52-week high and 6.89% above its 52-week low.

Aramark

Mantle Ridge LP sold 21.3 million shares of Aramark (ARMK) for an average price of $248.98 per share on March 12.

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The provider of food, facilities and uniform services has a market cap of $6.11 billion and an enterprise value of $13.43 billion. It has insider ownership of 6.45% and institutional ownership of 51.16%.

Over the past 12 months, the stock has fallen 19%. As of Friday, shares were trading 48.73% below the 52-week high and 25.64% above the 52-week low.

Masimo

Masimo Corp. (MASI)’s CEO and Chairman of the Board Joe E. Kiani sold 167,932 shares for an average price of $181.73 per share on March 11.

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The company, which operates in the medical devices business, has a market cap of $10.05 billion and enterprise value of $9.38 billion. It has insider ownership of 3.15% and institutional ownership of 65.54%.

Over the past 12 months, the stock has risen 39%. As of Friday, shares were trading 0.57% below the 52-week high and 57.05% above the 52-week low.

Fastly

Fastly Inc. (FSLY)’s 10% owner Abdiel Qualified Master Fund L. sold 1.1 million shares for an average price of $15.39 per share on March 12.

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The operator of edge cloud platforms has a market cap of $1.34 billion and enterprise value of $1.24 billion. It has insider ownership of 0.84% and institutional ownership of 9.43%.

Over the past 12 months, the stock has tanked 41%. As of Friday, shares were trading 60.28% below the 52-week high and 12.81% above the 52-week low.

Disclosure: I do not own any stocks mentioned.

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