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Weekly CEO Buys Highlight: PepsiAmericas Inc., Legg Mason Inc., Unisys Corp., Newell Rubbermaid Inc., Actuate Corp.

February 11, 2008 | About:

Highlight of weekly top CEO buys. Related Companies: PepsiAmericas Inc. (PAS), Legg Mason Inc. (LM), Unisys Corp. (UIS), Newell Rubbermaid Inc. (NWL), Actuate Corp. (ACTU).

PepsiAmericas Inc. (PAS): Chairman of the Board / CEO, Director Robert C. Pohlad Bought 400,000 Shares

PepsiAmericas, Inc. (PAS), the world’s second largest beverage manufacturer, announced a rise in quarterly earnings by 60% to $42 million or $0.32 from $26.1 million or $0.20 in the previous year. New acquisitions and U.S. currency inflation aided the company’s shares to rise.

Chairman, Director, and CEO Robert C. Pohlad bought 400,000 shares during the past week at $25.37. In late-January, the current 10% owner of PAS, Inc Pepsico, sold a total of 75,700 shares of company stock at $28.68 to $29.24.

PepsiAmericas Inc. has a market cap of $3.27 billion; its shares were traded at around $25.89 with a P/E ratio of 15.59 and P/S ratio of 0.72. The dividend yield of PepsiAmericas Inc. stocks is 1.8%.

Legg Mason Inc. (LM): President & CEO, Director Mark R. Fetting Bought 13,590 Shares

Legg Mason, Inc. (LM), an asset management company, narrowed their third quarter earnings by 12.9% to $154.6 million or $1.07 as a result from $23 million charge from losses in commercial paper investments.

Dodge & Cox bought 6,612,750 shares in the quarter that ended on 9/30/07. Other gurus also have LM holdings: Brian Rogers, Third Avenue Management, Chris Davis, Martin Whitman, and Ruane Cunniff.

President & CEO, Director Mark R. Fetting bought 13,590 shares on 2/1/08 at $73.85. Previous insider sells were made between $69.35 and $77.27 by Director Roger W. Schipke, who sold a total of 6,500 shares and EVP Mike Abbaei, who sold 5,000 shares.

Legg Mason Inc. has a market cap of $10.27 billion; its shares were traded at around $69.36 with a P/E ratio of 14.99 and P/S ratio of 2.11. The dividend yield of Legg Mason Inc. stocks is 1.4%.

Unisys Corp. (UIS): President and CEO, Director Joseph W. Mcgrath Bought 60,000 Shares

Unisys Corporation (UIS)’s fourth quarter profit shrank by 35% to $13.8 million or $0.04 from $21.3 million or $0.06 due to retirement expenses and cost reduction charges.

As of 9/30/07, Charles Brandes and HOTCHKIS & WILEY own 37,634,461 shares, and 1,631,500 shares of UIS stock.

President and CEO, Director Joseph W. Mcgrath bought 60,000 shares in late-January at $4.13. Over the past 15-days, large buys were also made by other insiders around $4.20 a share: EVP Randy J. Hendricks bought 30,000 shares; Senior VP Anthony Doye bought 12,300 shares; VPs Jack F Mchale, Richard C Marcello, & Greg J Baroni each bought 10,000 shares; finally, Senior VPs Nancy Straus Sundheim & Patricia A. Bradford each bought 1,000 shares.

Unisys Corp. has a market cap of $1.45 billion; its shares were traded at around $4.01 with P/S ratio of 0.25.

Newell Rubbermaid Inc. (NWL): President and CEO Mark D. Ketchum Bought 10,000 Shares

Newell Rubbermaid, Inc. (NWL), consumer products manufacturer, widened its fourth quarter profit by 3% to $105.4 million or $0.38. The CEO Mark D. Ketchum stated that the company is driven to continue “executing numerous restructuring projects, making the necessary investments to become a more consumer-centric and global branded marketing organization, and embracing cultural change, all while delivering on our full year financial commitments.”

NWL holdings are currently owned by gurus Richard Aster Jr., NWQ Managers, Kenneth Fisher, Brian Rogers, Arnold Van Den Berg, and John Keeley.

President and CEO Mark D. Ketchum bought 10,000 shares of NWL stock on Monday at $23.50. In August, CEO Ketchum purchased 20,000 more shares of NWL stock at $26.40. Also, European President Magnus Rene Nicolin bought 2,500 shares in September at $25.93.

As of November, President of Home & Family Productions, Timothy J. Jahnke sold a total of 74,800 shares at around $28.

Newell Rubbermaid Inc. has a market cap of $6.42 billion; its shares were traded at around $22.36 with a P/E ratio of 14.24 and P/S ratio of 0.99. The dividend yield of Newell Rubbermaid Inc. stocks is 3.5%.

Actuate Corp. (ACTU): President and CEO, Director Peter I. Cittadini Bought 22,000 Shares

Actuate Corporation (ACTU) provides software and services for business intelligence, performance management and reporting applications. The company ramps up its buy-back program by increasing it over 50% for the first quarter of 2008. ACTU pulled a fourth quarter revenue increase by 12% to $39.2 million, and a net income (GAAP) of $10.8 million or $0.16 per diluted share.

Two sets of buys were made by the President and CEO, Director Peter I. Cittadini, and the SVP, Operations and CFO Daniel A. Gaudreau. CEO Cittadini made his recent buy of 22,000 shares on 2/05/08 at $4.65, and made his earlier buy of 15,000 shares on 11/12/07 at $7.45. Since 11/13/07, CFO Gaudreau bought a total of 130,000 shares at similar prices.

Since October, enormous amount of company shares were sold between $6.38 and $8.42: SVP Mark Coggins sold a total of 500,000 shares; Chairman & Chief Architect, Director NIERENBERG+NICOLAS">Nicolas Nierenberg sold a total of 480,000 shares; Directors Kenneth E. Marshall & Steven D. Whiteman sold 15,000 and 13,788 shares, respectively.

Actuate Corp. has a market cap of $292.21 million; its shares were traded at around $4.74 with a P/E ratio of 16.28 and P/S ratio of 2.08.


Rating: 3.0/5 (2 votes)


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