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Weekly Top Insider Buys: Federated Investors Inc., HewlettPackard Company, Clearwire Corp., Churchill Downs Inc., LKQ Corp

September 09, 2008 | About:

Weekly highlight of top insider buys: Federated Investors Inc. (FII), HewlettPackard Company (HPQ), Clearwire Corp. (CLWR), Churchill Downs Inc. (CHDN), LKQ Corp. (LKQX).

Federated Investors Inc. (FII): Vice Chairman, Director John W. Mcgonigle Bought 928,040 Shares

Federated Investors Inc. (FII) is a provider of investment management and related financial services. In August, the company signed a $140 loan contract to pay for company share buybacks. Federated Investors’s second quarter profits climbed 5% to $58 million or $0.58 a share from $55.3 million or $0.54 a share. The company set the cash dividend at $2.76 per share for the prior quarter.

Richard Aster Jr. and Richard Perry sold out all their Federated Investors shares. Tom Gayner and Tweedy Browne kept shares about the same.

Vice Chairman, Sec., Ex VP, Director John W. Mcgonigle bought 928,040 shares on 8/29/08 at $33.44; and Director David M. Kelly bought 10,000 shares on 4/28/08 at $33.52.

Since March, some insiders sold company shares between $32.09 and $41.40: Chief Compliance Officer Brian P. Bouda sold 6,895 shares; VP Eugene F. Maloney sold 5,590; Principal Accounting Officer Denis Mcauley III sold 5,450 shares; President and CEO, Director J. Christopher Donahue and VP, CFO, and Treasurer Thomas R. Donahue each sold 3,846 shares; Director Edward G. Oconnor sold 2,930 shares; President & CEO John B. Fisher sold 2,577 shares.

Federated Investors Inc. has a market cap of $3.23 billion; its shares were traded at around $31.97 with a P/E ratio of 14.48 and P/S ratio of 2.68. The dividend yield of Federated Investors Inc. stocks is 2.9%.

HewlettPackard Company (HPQ): Director Lawrence T. Babbio Jr. Bought 20,000 Shares

Global computer maker HewlettPackard Company (HPQ) said its quarterly net income rose slightly to $2 billion from $1.8 billion or to $0.80 from $0.66 a share on a revenue spike of 10% to $25.4 billion. HewlettPackard just completed the acquisition of Plano-based Electronic Data Systems (EDS) for $13.9 billion. The company’s Idaho Imaging and Printing business will undergo lay-offs through the rest of the year.

George Soros and Ken Heebner sold out all their HPQ holdings. Kenneth Fisher, Chris Davis, Bill Nygren, Richard Snow, Bill Miller, Dodge & Cox, Mark Hillman, and Bruce Sherman currently own shares of Hewlett Packard.

Director Lawrence T. Babbio Jr. bought 20,000 shares on 8/28/08 at $47.24, and sold 16,578 shares on 4/17/08 at $46.93. Officers of HPQ sold their shares between $45.03 and $47.24: Chairman, CEO and President, Director Mark V. Hurd sold 200,000 shares; EVP & CTO Shane V. Robison sold 175,000 shares; and EVP and CAO Jon E. Flaxman sold 33,702 shares.

HewlettPackard Company has a market cap of $110.56 billion; its shares were traded at around $44.96 with a P/E ratio of 13.93 and P/S ratio of 0.97. The dividend yield of HewlettPackard Company stocks is 0.7%.

Clearwire Corp. (CLWR): Director Peter L. S. Currie Bought 50,000 Shares

Internet servide provider Clearwire Corporation (CLWR) reported a steeper quarterly loss on high expenses, even though revenue surged 65% to $58.6 million from $35.5 million. The company lost $199.1 million or $1.21 a share compared to a loss of $118.1 million or $0.72 for the past two second quarters. Clearwire plans a $14.55 billion joint venture with Sprint Nextel Corporation in the wireless broadband business. As a result, shareholders will receive Spring Nextel shares.

Director Peter L. S. Currie bought 50,000 shares during the past week at $9.55.

Clearwire Corp. has a market cap of $1.57 billion; its shares were traded at around $9.55 with P/S ratio of 7.88.

Churchill Downs Inc. (CHDN): Director Richard L. Duchossois Bought 10,706 Shares

Churchill Downs Inc. (CHDN), which operates horse racing and waging, plans to install two new directors: James McDonald and Alex Rankin. Churchill lowers their wager-stakes from wagering locations as revenue slides from the spring 2008 races.

Director Richard L. Duchossois bought 10,706 shares during the past week at $45.47. Since March he has purchased a total of 103,467 shares at $36.92 to $47.03 a share.

Churchill Downs Inc. has a market cap of $621.71 million; its shares were traded at around $45.47 with a P/E ratio of 25.65 and P/S ratio of 1.43. The dividend yield of Churchill Downs Inc. stocks is 1.2%.

LKQ Corp. (LKQX): Director William M. Webster IV Bought 17,000 Shares

LKQ Corp (LKQX) is the largest nationwide provider of recycled OEM automotive replacement parts and related services with sales and processing facilities and redistribution centers that reach most major markets. The company’s profit doubles from $14 million or $0.12 a share to $31 million or $0.22 a share, as revenue rise. Revenue over doubled to $484.4 million from $233.3 million for the past two second-quarters. In August, the company acquired the California-based Pick-Your-Part-Wrecking for $72.9 million. LKQ’s earnings guidance is currently at $0.88 per share for 2008.

Ron Baron owns 7,447,299 shares as of 6/30/08 . John Keeley sold out his holdings.

Director William M. Webster IV bought 17,000 shares of LKQX stock on 8/29/08 at $18.42; the price of the stock has decreased by 5.37% since.

EVP and CFO Mark T. Spears and President and CEO, Director Joseph M. Holsten sold 329,000 shares and 150,000 shares, respectively at $17.87 to $22.63 a share since April.

 LKQ Corp. has a market cap of $2.36 billion; its shares were traded at around $17.43 with a P/E ratio of 23.81 and P/S ratio of 1.47.

  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

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