Weekly CFO Sells Highlight: PEET, TEN, VRSK, CPHD, GTAT, LINC

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Aug 15, 2011
According to GuruFocus Insider Data, the largest CFO sells during the past week were: Peet’s Coffee & Tea Inc., Tenneco, Verisk Analytics Inc., CEPHIED, GT Advanced Technologies Inc., and Lincoln Educational Services Corp.


Peet's Coffee & Tea Inc. (PEET, Financial): CFO Tom Cawley Sold 55,000 Shares

CFO of Peet's Coffee & Tea Inc. (PEET) Tom Cawley sold 55,000 shares on 08/08/2011 at an average price of $59.64. Peet's Coffee & Tea is a specialty coffee roaster and marketer of branded fresh roasted whole bean coffee sold under strict freshness standards through multiple channels of distribution. Peet's Coffee & Tea Inc. has a market cap of $734.09 million; its shares were traded at around $57.2 with a P/E ratio of 36.95 and P/S ratio of 2.2. Peet's Coffee & Tea Inc. had an annual average earnings growth of 16% over the past 10 years.


For its second quarter 2011, Peet’s Coffee & Tea Inc. reported net revenues of $90.6 million – a 12% increase over last year’s revenue of $80.8 million. EPS were $0.38 compared to $0.31 prior year quarter. Total net income was $5.1 million compared to $4.3 million prior year quarter.


CFO Tom Cawley sold 55,000 shares of PEET stock on 08/08/2011 at the average price of $59.64. Tom Cawley owns at least 4,778 shares after this. The price of the stock has decreased by 4.09% since. VP of Retail Operations Kay Bogeajis, Director Jean Michel Valette, and Director David Deno all sold shares of PEET stock on 08/05/2011.


Tenneco (TEN, Financial): Exec. Vice President and CFO Kenneth R Trammell Sold 45,000 Shares

Exec. Vice President and CFO of Tenneco (TEN) Kenneth R. Trammell sold 45,000 shares on 08/05/2011 at an average price of $33.67. Tenneco is one of the world's largest designers, manufacturers and marketers of emission control and ride control products and systems for the automotive original equipment market and the aftermarket. Tenneco has a market cap of $2.07 billion; its shares were traded at around $33.23 with a P/E ratio of 16.21 and P/S ratio of 0.35. Tenneco had an annual average earnings growth of 0.2% over the past 10 years.


Tenneco recently released its second quarter 2011 results. The company reported its highest-ever quarterly revenues of $1.888 billion – up 26% from prior year quarter. Net income was also at a record high - $50 million compared to $40 million last year. EBIT (Earnings before interests, taxes, and non-controlling interests) was $113 million.


Executive Vice President and CFO Kenneth R. Trammell sold 45,000 shares of TEN stock on 08/05/2011 at the average price of 33.67. Kenneth R. Trammell owns at least 29,014 shares after this. The price of the stock has decreased by 1.31% since.


Verisk Analytics Inc. (VRSK, Financial): Executive Vice President and CFO Mark V. Anquillare Sold 30,000 Shares

Executive Vice President and CFO of Verisk Analytics Inc. (VRSK) Mark V. Anquillare sold 30,000 shares on 08/10/2011 at an average price of $31.14. Verisk Analytics is a provider of risk assessment solutions to professionals in insurance, healthcare, mortgage lending, government, risk management, and human resources. Verisk Analytics Inc. has a market cap of $4.92 billion; its shares were traded at around $31.92 with a P/E ratio of 20.65 and P/S ratio of 4.32.


For its second quarter 2011, Verisk Analytics Inc. reported diluted adjusted GAAP EPS of $0.38, which was a rise of 24.2% from last year. Net income was $65.6 million compared to $58.4 million in the same period in 2010. Total revenues were $327 million compared to $281.6 million prior year quarter.


Chairman and CEO Frank J. Coyne sold 100,000 shares of VRSK stock on 08/05/2011 at the average price of $32.52. Executive Vice President and CFO Mark V. Anquillare sold 30,000 shares of VRSK stock on 08/10/2011 at the average price of $31.14. Mark V. Anquillare owns at least 8,634 shares after this. The price of the stock has increased by 2.5% since. President and COO Scott G. Stephenson sold 82,812 shares of VRSK stock on 08/01/2011 at the average price of $32.89. Director Arthur J. Rothkopf sold 5,000 shares of VRSK stock on 08/05/2011 at the average price of $33.


CEPHEID (CPHD, Financial): CFO Andrew Miller Sold 25,000 Shares

CFO of CEPHEID (CPHD) Andrew Miller sold 25,000 shares on 08/10/2011 at an average price of $32.82. Cepheid Inc. develops, manufactures and markets microfluidic systems that integrate, automate and accelerate biological testing. Cepheid has a market cap of $2.1 billion; its shares were traded at around $33.25 with a P/E ratio of 679.8 and P/S ratio of 9.88


For its second quarter 2011, CEPHEID reported total revenues of $67 million and net income of $1.8 million (or $0.03 per share). This compares to last year’s revenues of $49.6 million and net loss of $1.8 million respectively.


CFO Andrew Miller sold 25,000 shares of CPHD stock on 08/10/2011 at the average price of $32.82. Andrew Miller owns at least 2,500 shares after this. The price of the stock has increased by 1.31% since. Executive Vice President, Worldwide Comm'l Ops Nicolaas Arnold sold 30,000 shares of CPHD stock on 08/01/2011 at the average price of $37.59.


GT Advanced Technologies Inc. (GTAT, Financial): Vice President, CFO Richard J. Gaynor Sold 18,000 Shares

Vice President, CFO of GT Advanced Technologies Inc. (GTAT) Richard J. Gaynor sold 18,000 shares on 08/11/2011 at an average price of $11.9. GT Advanced Technologies Inc. has a market cap of $1.5 billion; its shares were traded at around $12.1 with a P/E ratio of 7.65 and P/S ratio of 1.67.


GT Advanced Technologies Inc. recently released its first quarter 2012 results. The company reported revenues of $231.1 million — up 71% from the $135.2 million last year. Net income was $52.1 million compared to $16.5 million prior year quarter. Operating margin was 34% of revenue compared to 30.5% prior year quarter.


Vice President, CFO Richard J. Gaynor sold 18,000 shares of GTAT stock on 08/11/2011 at the average price of $11.9. Richard J. Gaynor owns at least 10,050 shares after this. The price of the stock has increased by 1.68% since. Vice President Strategic Development David C. Gray sold 25,772 shares of GTAT stock on 08/12/2011 at the average price of $12.03.


Lincoln Educational Services Corp. (LINC, Financial): Senior Vice President, CFO and Treasurer Cesar Ribeiro Sold 14,368 Shares

SVP, CFO and Treasurer of Lincoln Educational Services Corp. (LINC) Cesar Ribeiro sold 14,368 shares on 08/04/2011 at an average price of $12.42. Lincoln Educational is a and diversified for-profit provider of a career-oriented post-secondary education headquartered in West Orange, New Jersey. Lincoln Educational Services Corp. has a market cap of $231.91 million; its shares were traded at around $10.39 with a P/E ratio of 3.72 and P/S ratio of 0.36. The dividend yield of Lincoln Educational Services Corp. stocks is 9.74%. Lincoln Educational Services Corp. had an annual average earnings growth of 38.2% over the past five years.


For its second quarter 2011, Lincoln Educational Services Corp. reported revenues of $128.2 million compared to $158.2 million prior year quarter. Diluted EPS were $0.22 compared to $0.50 last year. Average student population decreased 20.2% from prior year quarter.


Senior Vice President, CFO and Treasurer Cesar Ribeiro sold 14,368 shares of LINC stock on 08/04/2011 at the average price of 12.42. Cesar Ribeiro owns at least 119,590 shares after this. The price of the stock has decreased by 16.34% since.


For the complete list of stocks that Sold by their CFOs, go to: Insider Buys.