Weekly CEO Sells Highlight: Rockwell Automation Inc. Common, Penske Automotive Group Inc., Align Technology Inc. , Emmis Communications Corp., and Ross Stores Inc.

Weekly CEO Sells Highlight: ROK, PAG, ALGN, EMMS, ROST

Author's Avatar
Feb 07, 2010
According to GuruFocus Insider Data, these are the largest CEO sales during the past week: Rockwell Automation Inc. Common, Penske Automotive Group Inc., Align Technology Inc. , Emmis Communications Corp., and Ross Stores Inc.


Chairman & CEO, 10% Owner of Penske Automotive Group Inc. (PAG, Financial) Roger S Penske sold 5,750,000 shares on 02/05/2010 at an average price of $14.5.



United Auto Group, Inc. is an acquirer, consolidator and operator of franchised automobile and light truck dealerships and related businesses. Penske Automotive Group Inc. has a market cap of $1.35 billion; its shares were traded at around $14.74 with a P/E ratio of 22.6 and P/S ratio of 0.1. Penske Automotive Group Inc. had an annual average earning growth of 6.6% over the past 5 years.


Penske Automotive Group Inc. announced on February 2nd the preliminary results for the fourth quarter of 2009. The company currently expects income from continuing operations attributable to common shareholders to be within the range of $0.20 to $0.23 per share. Penske Automotive expects to release financial results for the fourth quarter and full year ended December 31, 2009, on Friday, February 19th, 2010. Company management will host a conference call at 2 p.m. Eastern Time that day to discuss those results. Details regarding the conference call will be announced in advance.


PAG is in the portfolios of Ron Baron of Baron Funds, Richard Perry of Perry Capital, Chuck Royce of ROYCE & ASSOCIATES, Murray Stahl of Horizon Asset Management, Jeremy Grantham of GMO LLC.


Align Technology Inc. (ALGN, Financial): President and CEO Thomas M Prescott sold 328,596 Shares



President and CEO of Align Technology Inc. (ALGN) Thomas M Prescott sold 328,596 shares on 02/02/2010 at an average price of $18.16.


Align Technology Inc. designs, manufactures and markets the Invisalign System, a proprietary method for treating malocclusion. Align Technology Inc. has a market cap of $1.32 billion; its shares were traded at around $17.68 with a P/E ratio of 44.2 and P/S ratio of 4.2.


On January 27, Align Technology, Inc. reported financial results for the fourth quarter and fiscal year ended December 31, 2009. Total net revenues for the fourth quarter of fiscal 2009 (Q4 09) were a record $86.6 million compared to $79.3 million reported in the third quarter of 2009 (Q3 09) and compared to $74.1 million reported in the fourth quarter of 2008 (Q4 08). For fiscal 2009 (FY 09), net revenues of $312.3 million increased 2.7 percent from $304.0 million reported for fiscal 2008.


ALGN is in the portfolios of John Hussman of Hussman Economtrics Advisors, Inc., Bruce Kovner of Caxton Associates.


SVP, Bus. Development Len Hedge, Director David E Collins, and VP, International Gil Laks together sold 86,596 shares of ALGN stock in February, October, and November.


Emmis Communications Corp. (EMMS, Financial): Chairman and CEO, 10% Owner Jeffrey H Smulyan sold 100,000 Shares

Chairman and CEO, 10% Owner of Emmis Communications Corp. (EMMS) Jeffrey H Smulyan sold 100,000 shares on 01/29/2010 at an average price of $1.18.


Emmis Communications Corporation is a media company with radio broadcasting and magazine publishing operations and pending approval from the FCC, television broadcasting operations. Emmis Communications Corp. has a market cap of $41.8 million; its shares were traded at around $1.13 with a P/E ratio of 3.8 and P/S ratio of 0.1.


Director Greg Nathanson bought 100,000 shares of EMMS stock on 01/29/2010 recently . Director Susan B Bayh and Richard A Leventhal and Luther Capital Management King togethersold ompany’s shares recently..


Rockwell Automation Inc. Common (ROK, Financial): Chairman, President and CEO Keith D Nosbusch sold 100,000 Shares

Chairman, President and CEO of Rockwell Automation Inc. Common (ROK) Keith D Nosbusch sold 100,000 shares on 01/29/2010 at an average price of $50.12.


Rockwell Automation is a provider of industrial automation power, control and information solutions that help customers meet their manufacturing productivity objectives. Rockwell Automation Inc. Common has a market cap of $6.91 billion; its shares were traded at around $48.51 with a P/E ratio of 34.5 and P/S ratio of 1.6. The dividend yield of Rockwell Automation Inc. Common stocks is 2.4%. Rockwell Automation Inc. Common had an annual average earning growth of 5.3% over the past 10 years.


On February 3rd, the board of directors of Rockwell Automation, Inc. declared a quarterly dividend of 29 cents per share on common stock, payable on March 10, 2010 to shareowners of record at the close of business on February 16, 2010.


ROK is in the portfolios of PRIMECAP Management, Paul Tudor Jones of The Tudor Group, Kenneth Fisher of Fisher Asset Management, LLC, Bruce Kovner of Caxton Associates, Murray Stahl of Horizon Asset Management, Jeremy Grantham of GMO LLC, Manning & Napier Advisors, Inc.


Sr.VP and CFO Theodore D Crandall, VP Finance & Investor Rel. Dralle Rondi Rohr, VP and Chief IP Counsel John M Miller, VP and Controller David M Dorgan, and Sr. Vice President Steven A Eisenbrown togethersold company’s stock recently. .


Ross Stores Inc. (ROST, Financial): CEO Michael Balmuth sold 93,105 Shares

CEO of Ross Stores Inc. (ROST) Michael Balmuth sold 93,105 shares on 01/29/2010 at an average price of $46.52.


Ross Stores, Inc. operates a chain of retail apparel and home accessories stores, which target value conscious men and women between the ages of 25 and 54 in middle-to-upper middle income households. Ross Stores Inc. has a market cap of $5.69 billion; its shares were traded at around $45.97 with a P/E ratio of 14.6 and P/S ratio of 0.9. The dividend yield of Ross Stores Inc. stocks is 0.9%. Ross Stores Inc. had an annual average earning growth of 8.6% over the past 10 years. GuruFocus rated Ross Stores Inc. the business predictability rank of 5-star.


Ross Stores, Inc. reported on Feb. 4th that sales for the four weeks ended January 30, 2010 of $411 million, an increase of 13% over the $365 million in sales for the four weeks ended January 31, 2009. Same store sales for the four weeks ended January 30, 2010 grew 8% over the prior year period.


Separately, CEO Michael Balmuth sold 110,562 shares of ROST stock in January and September. EVP AND CHIEF ADMIN. OFFICER Sullivan Michael B O, EVP, PROP DEV, CNSTR, STR DSGN James S Fassio , and Executive VP, Merchandising Lisa R Panattoni also sold company’s shares last year.


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