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Top Insider Buys Highlight for the Week of Sept. 11

GuruFocus.com
·4 mins read

- By Shuda Xia

According to GuruFocus data, the largest Insider Buys this week were for Public Storage (NYSE:PSA), Archer-Daniels Midland Co. (NYSE:ADM), Invesco Ltd. (NYSE:IVZ) and Vistra Corp. (NYSE:VST).

Public Storage Director Ronald L. Havner Jr. bought 1,900 shares

Director Ronald L. Havner Jr. bought 1,900 shares on Sept. 8 at the average price of $214.85. The price of the stock has increased by 2.67% since.


Public Storage is an American international self-storage company run as a real estate investment trust. It is the largest brand of self-storage service in the U.S. and the company has more than 2,200 locations in the U.S., Canada and Europe. The company has a market capitalization of $38.56 billion, and as of Sept. 11 it traded at $220.59.

On Aug. 19, Public Storage announced that the company is calling for redemption of all outstanding depository shares representing interests in its 5.20% Cumulative Preferred shares, Series W and 5.20% Cumulative Preferred shares and Series X, on Sept. 30 at $25 per share. The amount to be paid to the shareholders totals $500 million for the Series W and $225 million for the Series X.

Archer-Daniels Midland Co. Director Pierre Dufour bought 1,025 shares

Director Pierre Dufour bought 1,025 shares on Sept. 9 at the average price of $46.10. The price of the stock has increased by 1.71% since.

Archer-Daniels Midland Co. is an American international global food processing and commodities trading corporation. The company processes cereal grains and oilseeds into products used in food, beverages, and animal feed markets through the operation of more than 270 plants and 420 crop procurement facilities worldwide. The company has a market capitalization of $26.05 billion, and as of Sept. 11 it traded at $46.89.

On Sept. 8, Archer-Daniels Midland Co. announced that the company has completed the second of its two announced capital raising transactions with the issuance of $300 million aggregate principal amount of zero-coupon bonds, due in 2023 and exchangeable into Wilmar shares. Combined with the previous transaction, the company has raised $850 million.

Invesco Ltd. Director Sarah Beshar bought 9,500 shares

Director Sarah Beshar bought 9,500 shares on Sept. 2 at the average price of $10.54. The price of the stock has increased by 1.52% since.

Invesco Ltd. is an American international independent investment management company that has branch offices in 20 countries. The company is a constituent of the S&P 500 and operates under the Invesco, Trimark, WL Ross and Powershares brand names. The company has a market capitalization of $4.91 billion, and as of Sept. 11 it traded at $10.70.

On July 28, Invesco Ltd. reported financial results for its first quarter of fiscal 2021, which ended June 30. Diluted earnings per share were $0.09 compared to $0.18 during the first quarter of 2020. Net revenues for the quarter totaled $1.034 billion compared to net revenues of $1.146 billion during the first quarter of 2020.

Vistra Corp Director Scott B. Helm bought 20,000 shares

Director Scott B. Helm bought 20,000 shares on Sept. 8 at the average price of $18.19. The price of the stock has increased by 1.76% since.

Vistra Energy Corp. is an American energy company that provides services and products to 20 states and the District of Columbia, as well as markets in Canada and Japan. The company serves nearly 5 million residential, commercial and industrial retail customers with electricity and natural gas and offers over 40 renewable energy plans. The company has a market capitalization of $9.05 billion, and as of Sept. 11 it traded at $18.51.

On July 29, Vistra Energy Corp. announced that its Board of Directors has declared a quarterly dividend of $0.135 per share of the company's common stock. The dividend represents an 8% increase from the company's quarterly common stock dividend paid in 2019. The dividend is payable on Sept. 30 to shareholders of record at the close of day on Sept. 16.

For the complete list of stocks that were bought by their company executives, go to: Insider Trades.

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

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This article first appeared on GuruFocus.