Weekly CEO Buys Highlight
- By Joy Hu
According to GuruFocus' Insider Data, these are the largest CEO buys during the past week. The overall trend of purchases is illustrated in the chart below:
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The intrinsic value of DVMT
Dell Technologies Inc.
The CEO of Dell Technologies Inc. (DVMT), Michael S. Dell, bought 836,364 shares on Sept. 1 at a price of $27.50.
Dell offers a range of technology solutions, including servers and networking products, storage products, services, software and peripherals, mobility products and desktop PCs. As of Sept. 10, it traded at $49.08.
Net revenue for the second fiscal quarter of 2016 was $13.05 million, compared to $12.975 million from the prior-year period.
Dell bought 836,364 shares of DVMT stock on Sept. 1 at a price of $27.5. The price of the stock has increased by 78.47% since.
Penske Automotive Group Inc.
Chairman, CEO and part-owner of Penske Automotive Group Inc. (PAG), Roger S. Penske, bought 412,764 shares during the past week at a price of $46.17.
Penske Automotive is a transportation services company. It operates automotive and commercial vehicle dealerships in the United States and Western Europe and distributes commercial vehicles, diesel engines and related parts. The company has a market cap of $4.01 billion. As of Sept. 10, it traded at $47.09 with a P/E ratio of 12.58.
Total revenue for the second quarter of 2016 was $5.3 billion, compared to $4.9 billion from the second quarter of 2015.
Penske bought 300,000 shares of PAG stock on Aug. 22 at a price of $42.55, 478,000 shares on Aug. 29 at a price of $44.21, 187,764 shares on Sept. 1 at a price of $45.24 and 225,000 shares on Sept. 7 at a price of $46.95. He also purchased 412,764 shares during the past week at a price of $46.17. The price of the stock has increased by 1.99%.
Part- owner, Corp Penske, bought 300,000 shares of PAG stock on Aug. 22 at a price of $42.55, 478,000 shares on Aug. 29 at a price of $44.21, 187,764 shares on Sept. 1 at a price of $45.24 and 225,000 shares on Sept. 7 at a price of $46.95. The price of the stock has increased by 0.30%.
Western Refining Logistics LP
President and CEO of Western Refining Logistics LP (WNRL), Jeff A. Stevens, bought 134,408 shares on Sept. 8 at a price of $22.32.
Western Refining is a fee-based, growth-oriented, limited partnership that owns, operates, develops and acquires logistics and related assets and businesses to include terminals, storage tanks, pipelines and other logistics assets. The company has a market cap of $1.15 billion. As of Sept. 10, it traded at $22.30 with a P/E ratio of 16.79.
Net income for the second quarter of 2016 was $17.9 million, compared to $15.9 million in the second quarter of 2015.
Stevens bought 134,408 shares of WNRL stock on Sept. 8 at a price of $22.32. The price of the stock has decreased by 0.09% since.
Director Paul L. Foster bought 268,817 shares of WNRL stock on Sept. 8 at a price of $22.32. The price of the stock has decreased by 0.09% since.
Director Scott D. Weaver bought 44,802 shares of WNRL stock on Sept. 8, 2016 at a price of $22.32. The price of the stock has decreased by 0.09% since.
Director David D. Kinder bought 7,500 shares of WNRL stock on Sept. 8 at a price of $22.32. The price of the stock has decreased by 0.09% since.
Director Andrew L. Atterbury bought 5,000 shares of WNRL stock on Sept. 8 at a price of $22.32. The price of the stock has decreased by 0.09% since.
Director Michael C. Linn bought 11,200 shares of WNRL stock on Sept. 8 at a price of $22.32. The price of the stock has decreased by 0.09% since.
Providence Service Corp.
James M Lindstrom, CEO of Providence Service Corp. (PRSC), bought 2,500 shares on Sept. 2 at a price of $46.61.
Providence provides and manages government sponsored non-emergency transportation services, human services, workforce development services and health assessment services. The company has a market cap of $686.96 million. As of Sept. 10, it traded at $47.38 with a P/E ratio of 11.52.
For the second quarter of 2016, the company reported consolidated revenue of $450.6 million, an increase of 7.7% from $418.2 million in the second quarter of 2015.
CEO James M. Lindstrom bought 2,500 shares of PRSC stock on Sept. 2 at a price of $46.61. The price of the stock has increased by 1.65% since.
CFO David Casey Shackelton bought 2,000 shares of PRSC stock on Sept. 2 at a price of $46.85. The price of the stock has increased by 1.13% since.
Senior Vice President of Strategic Services, Matthew Umscheid, bought 500 shares of PRSC stock on Sept. 2 at a price of $47. The price of the stock has increased by 0.81% since.
Proto Labs Inc.
The President and CEO of Proto Labs Inc. (PRLB), Victoria M. Holt, bought 1,900 shares on September 1, 2016 at a price of $53.20.
Proto Labs is a manufacturer of custom parts for prototyping and short-run production. It utilizes computer numerical control (CNC) machining and injection molding to manufacture custom parts. The company has a market cap of $1.4 billion. As of Sept. 10, it traded at $52.84 with a P/E ratio of 30.56.
Net income for the second quarter of 2016 was $10.7 million. Revenue for the quarter was $75.0 million, 17% above revenue of $64.0 million in the prior-year period.
President and CEO Victoria M. Holt bought 1,900 shares of PRLB stock on Sept. 1 at a price of $53.2. The price of the stock has decreased by 0.68% since.
Chief Technology Officer, Arthur R. Baker III, bought 3,000 shares of PRLB stock on Sept. 1 at a price of $55. The price of the stock has decreased by 3.93% since.
For the complete list of stocks bought by their company CEOs, go to: CEO Buys.
Disclaimer: I do not own stock in any of the companies mentioned in the article.
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This article first appeared on GuruFocus.
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The intrinsic value of DVMT
