Weekly Top Insider Buys: AMAT, AA, IHS, AGCO, GEL

Author's Avatar
Oct 15, 2012
According to GuruFocus Insider Data, these are the largest insider buys during the past week: Applied Materials Inc. (AMAT, Financial), Alcoa Inc. (AA, Financial), IHS Inc. (IHS, Financial), AGCO Corporation (AGCO, Financial) and Genesis Energy LP (GEL, Financial).

The overall trend of insiders is illustrated in the chart below:



Applied Materials Inc. (AMAT): Director Robert Holmes Swan Bought 8,890 Shares

Director of Applied Materials Inc. Robert Holmes Swan bought 8,890 shares on 10/05/2012 at an average price of $10.89. Applied Materials develops, manufactures, markets and services semiconductor wafer fabrication equipment and related spare parts for the worldwide semiconductor industry. Applied Materials Inc. has a market cap of $13.49 billion; its shares were traded at around $10.89 with a P/E ratio of 12.11 and P/S ratio of 1.28. The dividend yield of Applied Materials Inc. stocks is 3.3%.

On Aug. 15, Applied Materials, Inc. reported results for its third quarter of fiscal 2012 ended July 29, 2012. Applied generated orders of $1.80 billion and net sales of $2.34 billion. Non-GAAP operating income was $431 million, and non-GAAP net income was $300 million or 24 cents per share. GAAP operating income was $322 million, and GAAP net income was $218 million or 17 cents per share.

Last week, Director Robert Holmes Swan bought 8,890 shares of AMAT stock. Director Gerhard H. Parker bought 50,000 shares in August and Senior Vice President, General Counsel and Corporate Secretary Joseph J. Sweeney sold 100,000 shares the same month.

Alcoa Inc. (AA): Director Martin Sorrell Bought 4,145 Shares

Director of Alcoa Inc. Martin Sorrell bought 4,145 shares on 10/11/2012 at an average price of $8.69. Alcoa Inc. is the world's producer and manager of primary aluminum, fabricated aluminum and alumina facilities, and is active in all major aspects of the industry. Alcoa Inc. has a market cap of $9.27 billion; its shares were traded at around $8.69 with a P/E ratio of 54.31 and P/S ratio of 0.37. The dividend yield of Alcoa Inc. stocks is 1.38%.

On July 9, Alcoa Inc. reported $0.00 earnings per share, based on a loss from continuing operations of $2 million, which includes special items of $63 million. Excluding the impact of special items, income from continuing operations was $61 million, or $0.06 per share. The company reported strong revenue of $6.0 billion, solid free cash flow and lower debt despite a 4 percent decline in realized aluminum prices sequentially and 18 percent year-on-year.

Last week, Director Martin Sorrell bought 4,145 shares of AA stock.

IHS Inc. (IHS): Director C. Michael Armstrong Bought 5,550 Shares

Director of IHS Inc. C. Michael Armstrong, bought 5,550 shares on 10/10/2012 at an average price of $92.05. IHS is the source of information and insight in critical areas that shape today's business landscape. IHS Inc. has a market cap of $6.07 billion; its shares were traded at around $92.05 with a P/E ratio of 35.4 and P/S ratio of 4.58. IHS Inc. had an annual average earnings growth of 15.8% over the past five years.

On Sept. 20, IHS Inc. reported results for the third quarter ended August 31, 2012. Revenue for the third quarter of 2012 totaled $386 million, a 14 percent increase over third quarter 2011 revenue of $339 million. Net income for the third quarter of 2012 was $44 million, or $0.66 per diluted share, compared to third quarter 2011 net income of $41 million, or $0.62 per diluted share.

Last week, Director C. Michael Armstrong bought 5,550 shares of IHS stock. Director Richard Roedel bought 3,101 in September. Senior Vice President Global Sales Brian J. Sweeney and Vice Chairman Daniel Yergin sold shares this month; President and COO Scott Key sold shares in September. Executive Vice President and CFO Richard Walker and CEO and Chairman of the Board Jerre L. Stead sold shares in July.

AGCO Corporation (AGCO): Director Mallika Srinivasan Bought 119,487 Shares

Director of AGCO Corporation Mallika Srinivasan bought 119,487 shares on 10/10/2012 at an average price of $46.7. AGCO Corp. is engaged in the manufacturer and distribution of farm equipment, machinery and replacement parts in the U.S. and Canada. AGCO Corporation has a market cap of $4.54 billion; its shares were traded at around $46.7 with a P/E ratio of 8.34 and P/S ratio of 0.52. AGCO Corporation had an annual average earnings growth of 11% over the past 10 years. GuruFocus rated AGCO Corporation the business predictability rank of 3-star.

On July 26, AGCO reported net sales of approximately $2.7 billion for the second quarter of 2012, an increase of approximately 14.1% compared to net sales of $2.4 billion for the second quarter of 2011. Reported and adjusted net income per share were $2.08 for the second quarter of 2012. These results compare to reported net income per share of $1.36 and adjusted net income per share of $1.35 for the second quarter of 2011. Excluding unfavorable currency translation impacts of approximately 11.2%, net sales in the second quarter of 2012 increased approximately 25.3% compared to the same period in 2011.

Last week, Director Mallika Srinivasan bought 119,487 shares of AGCO stock.

Genesis Energy LP (GEL): Director James E. Davison Jr. Bought 733,019 Shares

Director of Genesis Energy LP James E. Davison Jr. bought 733,019 shares on 10/05/2012 at an average price of $33.19. Genesis Energy operates crude oil common carrier pipelines and is an independent gatherer and marketer of crude oil in North America, with operations concentrated in Texas, Louisiana, Alabama, Florida, Mississippi and New Mexico. Genesis Energy LP has a market cap of $2.64 billion; its shares were traded at around $33.19 with a P/E ratio of 34.57 and P/S ratio of 0.85. The dividend yield of Genesis Energy LP stocks is 5.54%. Genesis Energy LP had an annual average earnings growth of 6.1% over the past 10 years.

On Aug. 2, Genesis Energy LP reported results for the second quarter of 2012. In the second quarter of 2012, the company recorded net income of $18.6 million compared to $17.4 million for the second quarter of 2011. Available Cash before Reserves (a non-GAAP measure) increased to $43.2 million in the second quarter of 2012 as compared to $31.9 million for the same period in 2011.

This month, CEO Grant E. Sims, Director James E. Davison and Director Sharilyn S. Gasaway bought shares of GEL stock. Director Donald L. Evans and Director William Keen Robertson sold shares.

For the complete list of stocks that were bought by their company executives, go to: Insider Buys.