According to GuruFocus Insider Data, these are the largest CEO buys during the past week.
Air Products and Chemicals CEO bought 20,000 shares
Air Products and Chemicals Inc. (NYSE:APD) Chairman, President and CEO Seifi Ghasemi bought 20,000 shares on July 26 at a price of $227.16. The price of the stock has decreased by 1.9% since.
Established in 1940, Air Products is among the largest global producers of atmospheric gases and is the world's largest supplier of hydrogen and helium. It offers a unique portfolio of products and services in a number of industries, including energy, electronics, chemicals, metals and manufacturing. The company operates in more than 40 countries, with international sales representing more than half of revenue. In fiscal 2016, Air Products generated $9.5 billion in sales and employed roughly 19,000 workers. The company has a market cap of $49.10 billion. Its shares traded at $222.84 with a price-earnings ratio of 28.83 as of Aug. 2.
Net income for the third quarter of fiscal 2019 was $488 million compared to $431 million for the comparable period of 2018.
Equitrans Midstream CEO bought 200,000 shares
Equitrans Midstream Corp. (NYSE:ETRN) Chairman and CEO Thomas F. Karam bought 200,000 shares during the past week at an average price of $16.25.
Equitrans Midstream owns, operates, acquires and develops midstream assets in the Appalachian Basin. The company manages natural gas transmission, storage and gathering systems, as well as high-and low-pressure gathering lines. The company has a market cap of $4.15 billion. Its shares traded at $16.29 with a price-earnings ratio of 25.06 as of Aug. 2.
Net income for the second quarter of 2019 was $74.5 million.
Karam bought 100,000 shares on Aug. 1 at a price of $16.11 and 100,000 shares on Aug. 2 at a price of $16.39. The price of the stock has decreased by 0.61% since.
Dorman bought 7,750 shares on Aug. 1 at a price of $16.11 and another 7,750 shares the same day at a price of $16.11. The price of the stock has increased by 1.12% since.
W. R. Grace CEO bought 4,000 shares
W. R. Grace and Co. (NYSE:GRA) President and CEO Andrew Hudson La Force III bought 4,000 shares on Aug. 1 at a price of $69.04. The price of the stock has decreased by 1.35% since.
W. R. Grace manufactures and sells chemicals and chemical-based products in three segments: The Grace catalysts technologies segment, which generates more revenue than any other segment, sells oil refining catalysts and catalysts used to produce plastic pipes and automotive parts. The Grace materials technologies segment sells coatings and sealants used to coat paper for magazines as well as produce food, personal care products and pharmaceuticals. The Grace construction products sells concrete and cement additives used in the building and construction industries. More revenue comes from North America than any other region. The company has a market cap of $4.54 billion. Its shares traded at $68.11 with a price-earnings ratio of 24.50 as of Aug. 2.
Second quarter net income was $76.2 million compared to $38.8 million for the same period of 2018.
Agilysys CEO bought 11,000 shares
Agilysys Inc. (NASDAQ:AGYS) President and CEO Ramesh Srinivasan bought 11,000 shares on July 31 at a price of $24.59. The price of the stock has decreased by 0.45% since.
Agilysys develops industry-specific technology solutions to help manage businesses. The firm offers technological solutions to control business operations, including property management, point-of-sale, dining reservations, inventory and procurement, analytics, labor management, self-service, and document management. It serves four major market sectors: gaming; hotels, resorts and cruise, foodservice management, and healthcare. The majority of the revenues are generated through contract support, maintenance and subscription services it provides. Agilysys operates its business throughout North America, Europe and Asia, with corporate services located in Georgia, the U.S. and offices in Singapore, Hong Kong and Malaysia. The company has a market cap of $579.57 million. Its shares traded at $24.48 as of Aug. 2.
Net loss in the fiscal 2020 first quarter was $1.6 million compared to a net loss of $1.7 million for the prior-year quarter.
10% Owner Bermuda One Fund LLC sold 11,300 shares on July 8 at a price of $22.49 and 3,600 shares on July 9 at a price of $22.57. The price of the stock has increased by 8.46% since.
Central Pacific Financial CEO bought 8,627 shares
Central Pacific Financial Corp. (NYSE:CPF) Chairman and CEO Paul K. Yonamine bought 8,627 shares on July 29 at a price of $29.65. The price of the stock has decreased by 2.77% since.
Central Pacific Financial operates in the financial services sector in the U.S. It acts as the holding company for Central Pacific Bank, through which it provides a range of banking products and services. It caters to businesses, professionals and individuals through an array of loan products, including residential mortgage loans, commercial and consumer loans and lines of credit, commercial real estate loans and construction loans. Apart from its predominant banking segment, it also functions through a Treasury segment, which is responsible for managing the company's investment securities portfolio and wholesale funding activities. The company has a market cap of $823.61 million. Its shares traded at $28.83 with a price-earnings ratio of 13.79 as of Aug. 2.
Net income in the second quarter of 2019 was $13.5 million compared to $14.2 million in the second quarter of 2018.
President Agnes Catherine Ngo bought 8,550 shares on July 29 at a price of $29.65. The price of the stock has decreased by 2.77% since.
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.
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This article first appeared on GuruFocus.
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