Weekly CEO Buys Highlights

Insiders buy American Assets, Tallgrass Energy Partners, Milacron, Kennametal, Sally Beauty Holdings

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Aug 28, 2017
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According to GuruFocus Insider Data, these are the largest CEO buys during the past week.Â

American Assets Trust CEO bought 80,973 shares

American Assets Trust Inc. (AAT, Financial) Chairman, CEO, President and 10% owner Ernest S. Rady bought 80,973 shares during the past week.

Rady bought 37,498 shares for $40.1 per share on Aug. 18; 34,037 shares for $40.24 per share on Aug. 23; and 9,438 shares for $40.45 per share on Aug. 25.

American Assets is a self-administered real estate investment trust based in the U.S. The company mainly invests in, operates and develops retail, office, residential and mixed-use properties in California, Oregon and Hawaii. The company has a market cap of $2.63 billion. Its shares traded at $40.82 with a price-earnings (P/E) ratio of 57.57 as of Aug. 25.

Net income was $5.5 million for the three months ended June 30.

Tallgrass Energy Partners CEO bought 27,350 shares

Tallgrass Energy Partners LP (TEP, Financial) President and CEO David G. Dehaemers Jr. bought 27,350 shares during the past week.

Dehaemers bought 10,000 shares for $45.13 per share on Aug. 18 and 17,350 shares for $44.64 per share on Aug. 21.

Tallgrass Energy Partners focuses on the operation, acquisition and development of natural gas and crude oil in North America. It is also engaged in natural gas processing, treating and fractionation facilities. The company has a market cap of $3.39 billion. Its shares traded at $45.76 with a P/E ratio of 18.96 as of Aug. 25.

Net income for the second quarter of 2017 was $89.880 million compared to $88.160 million for the prior-year period.

Executive Vice President and Chief Financial Officer Gary J. Brauchle bought 3,000 shares for $46.1 per share on Aug. 15. The stock price has decreased by 0.74% since.

Milacron Holdings CEO bought 65,000 shares

Milacron Holdings Corp. (MCRN, Financial) President and CEO Thomas J. Goeke bought 65,000 shares for $15.41 per share on Aug. 21. The stock price has increased by 3.31% since.

Milacron manufactures, distributes and services engineered and customized systems within the plastic technology and processing industry. Its segments are Plastic Processing Technologies; Melt Delivery and Control Systems; and Fluid Technologies. The company has a market cap of $1.102 billion. Its shares traded at a price of $15.92 with a P/E ratio of -256.77 as of Aug. 25.

Sales for the second quarter of 2017 were $309.2 million, an increase of 0.4% from sales of $308.1 million in the same period a year ago.

CCMP LP Capital, 10% owner, sold 7,545,124 shares for $16.71 per share on Aug. 15. The stock price has decreased by 4.73% since.

Kennametal CEO bought 29,880 shares

Kennametal Inc. (KMT, Financial) President and CEO Christopher Rossi bought 29,880 shares for $33.46 per share on Aug. 18. The stock price has increased by 5.2% since.

Kennametal is engaged in developing and manufacturing metalworking tools and wear-resistant engineered components and coatings. The company's operating segments include Industrial and Infrastructure. The company has a market cap of $2.84 billion. Its shares traded at $35.20 with a P/E ratio of -67.18 as of Aug. 25.

Sales for the fourth fiscal quarter of 2017 were $565 million compared with $521 million in the same quarter last year.

Vice President Charles Michael Byrnes Jr. bought 1,900 shares for $33 per share on Aug. 18. The stock price has increased by 6.67% since.

Sally Beauty Holdings CEO bought 30,000 shares

Sally Beauty Holdings Inc. (SBH, Financial) President and CEO Christian A. Brickman bought 30,000 shares during the past week.

Brickman bought 10,000 shares for $17.9 per share on Aug. 18 and 20,000 shares for $17.54 per share on Aug. 23. The stock price has increased by 5.13% since.

Sally Beauty Holdings is a specialty retailer and distributor of professional beauty supplies with operations in North America, South America and Europe. The company has a market cap of $2.443 billion. Its shares traded at a price of $18.44 with a P/E ratio of 11.44 as of Aug. 25.

Reported operating earnings in the third quarter were $130.3 million compared to reported operating earnings of $134.1 million in the prior year

Director Edward W. Rabin bought 4,250 shares for $18.06 per share on Aug. 18; 1,250 shares for $17.88 per share on Aug. 21; and 4,250 shares for $18.06 per share on Aug. 21.

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

Disclosure: I do not own stock in any of the companies mentioned in the article.