Weekly CEO Sells Highlight: Golub Capital BDC Inc, PNC Financial Services Group Inc, Meritor and Varian Medical Systems Inc.

Author's Avatar
Jan 09, 2012
According to GuruFocus Insider Data, these are the largest CEO sales during the past week: Golub Capital BDC Inc, PNC Financial Services Group Inc, Meritor and Varian Medical Systems Inc.

Golub Capital BDC Inc. (GBDC, Financial): CEO, 10% Owner David Golub sold 1,250,000 Shares

CEO, 10% Owner of Golub Capital BDC Inc. (GBDC) David Golub sold 1,250,000 shares on 12/30/2011 at an average price of $15.2. Golub Capital BDC Inc. is a business development company that principally invests in senior secured, mezzanine and second lien loans of middle-market companies that are, in most cases, sponsored by private equity investors. Golub Capital Bdc Inc. has a market cap of $332.1 million; its shares were traded at around $15.28 with a P/E ratio of 13.17 and P/S ratio of 8.48. The dividend yield of Golub Capital Bdc Inc. stocks is 8.38%.

Golub Capital BDC Inc. declares their first fiscal quarter of 2012 with net earnings per share with $0.14 and an investment income of $10.8 million.

CEO, 10% Owner David Golub bought 27,768shares of GBDC stock in August and September., 10% Owner David Golub sold 1,250,000 shares of GBDC stock on 12/30/2011 at the average price of 15.2. Chairman, 10% Owner Lawrence E Golub and Director Anita R Rosenberg bought 41,368 shares of GBDC stock in September and August.Chairman, 10% Owner Lawrence E Golub sold 1,250,000 shares of GBDC stock on 12/30/2011 at the average price of 15.2.

PNC Financial Services Group Inc. (PNC, Financial): Chairman and CEO James E Rohr sold 273,000 Shares

Chairman and CEO of PNC Financial Services Group Inc. (PNC) James E Rohr sold 273,000 shares on 01/03/2012 at an average price of $59.25. The PNC Financial Services Group, Inc. is one of the nation's largest diversified financial services organizations, providing regional banking, corporate banking, real estate finance, asset-based lending, wealth management, asset management and global fund services. Pnc Financial Services Group Inc. has a market cap of $31.52 billion; its shares were traded at around $59.91 with a P/E ratio of 9.38 and P/S ratio of 1.84. The dividend yield of Pnc Financial Services Group Inc. stocks is 2.34%. Pnc Financial Services Group Inc. had an annual average earnings growth of 5.9% over the past 10 years.

PNC Financial Services Group Inc. announced total revenue of $3.5 billion and net income of $834 million for their 2011 third quarter earnings.

Chairman and CEO James E Rohr sold 273,000 shares of PNC stock on 01/03/2012 at the average price of 59.25. Director Helge H Wehmeier and Director Charles E Bunch bought 1,320 shares of PNC stock in July, October and January. President Joseph C Guyaux and Executive Vice President Michael J Hannon sold 42,800 shares of PNC stock on 01/03/2012.

Meritor (MTOR, Financial): Chairman, CEO and President Charles G Mcclure sold 108,498 Shares

Chairman, CEO and President of Meritor (MTOR) Charles G Mcclure sold 108,498 shares on 01/05/2012 at an average price of $5.77. Meritor, Inc., formerly known as ArvinMeritor, Inc. Meritor has a market cap of $556.37 million; its shares were traded at around $5.88 with a P/E ratio of 7.54 and P/S ratio of 0.12.

Net income from continuing operations in Meritor’s 2011 fourth quarter are $38 million compared to the $9 million in the fourth quarter of 2010. Cash flow for the Company is $60 and free cash flow for the quarter is $23.

Chairman, CEO and President Charles G Mcclure sold 174,935 shares of MTOR stock in July and January. Sr.VP, CFO Jeffrey A Craig sold 37,591 shares of MTOR stock on 01/05/2012 at the average price of 5.81. Director William R Newlin bought72,000 shares of MTOR stock in November. Sr. VP, Treasury and Corporate Mary A Lehmann and Senior VP and General Counsel Vernon G Baker Ii sold 66,510 shares of MTOR stock on 01/05/2012.

Varian Medical Systems Inc. (VAR, Financial): President and CEO Timothy E Guertin sold 100,000 Shares

President and CEO of Varian Medical Systems Inc. (VAR) Timothy E Guertin sold 100,000 shares on 12/30/2011 at an average price of $67. Varian Medical Systems, Inc., of Palo Alto, California is the world's supplier of equipment and software for treating cancer. Varian Medical Systems Inc. has a market cap of $7.76 billion; its shares were traded at around $68.9 with a P/E ratio of 20.03 and P/S ratio of 2.99. Varian Medical Systems Inc. had an annual average earnings growth of 17.4% over the past 10 years. GuruFocus rated Varian Medical Systems Inc. the business predictability rank of 4.5-star.

Varian Medical Systems Inc. reported their fourth quarter of fiscal year 2011 results. The Company reported that revenues were $719 million for the fourth quarter, $2.6 billion for the fiscal year and net earnings per diluted share from continuing operations were $0.95 for the fourth quarter and $3.44 for the fiscal year.

President and CEO Timothy E Guertin sold 100,000 shares of VAR stock on 12/30/2011 at the average price of 67. SVP, Finance and CFO Elisha W Finney sold 35,000 shares of VAR stock in November, December and January. VP and Corporate Controller Tai-yun Chen and VP, Gen Counsel and Secretary John W Kuo sold 127,217 shares of VAR stock in December and January.

For the complete list of stocks that bought by their CEOs, go to: Insider Buys. http://www.gurufocus.com/update/article_ceo_sell.php