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Weekly Top Insider Buys Highlight for the Week of Sept. 28

- By Shuda Xia

The largest Insider Buys this week were for Dollar Tree Inc. (DLTR), DISH Network Corp. (DISH), Elanco Animal Health Inc. (ELAN), and Hyster-Yale Materials Handling Inc. (HY).

Dollar Tree Inc. (DLTR): Director Lemuel E. Lewis bought 1,210 shares

Director Lemuel E. Lewis bought 1,210 shares of DLTR stock on Sept. 27 at the average price of $82.75. The price of the stock has decreased by 1.79% since.


Dollar Tree Inc. is an American Fortune 500 chain of discount variety stores that sells items at $1 or less. The company operates 13,600 stores in 48 U.S. states and Canada. Products include health and beauty, food, decor, houseware, toys, and household cleaning supplies. The company has a market capitalization of $19.33 billion, and as of Sept. 28 it traded at $81.27.

On Aug. 30 Dollar Tree Inc. reported results for the second fiscal quarter of 2018 ended Aug. 4. Consolidated net sales increased 4.6% to $5.53 billion from $5.28 billion during the same quarter prior year. Same-store sales increased 1.8% on a constant currency basis. Gross profit increased 2.2% to $1.66 billion for the quarter compared to $1.63 billion during the same quarter prior year.

DISH Network Corp. (DISH): Executive Vice President James Defranco bought 5,000 shares

Executive Vice President James Defranco bought 5,000 shares of DISH stock on Sept. 25 at the average price of $34.99. The price of the stock has increased by 1.91% since.

DISH Network Corp. is an American satellite and television company that focuses on direct-broadcast satellite service. The company provides satellite television, audio programming, and interactive television services to both commercial and residential customers. The company has a market capitalization of $16.67 billion, and as of Sept. 28 it traded at $35.66.

On Aug. 8 DISH Network Corp. announced that Kevin Arrix has been tapped to lead the DISH Media Sales group, including its operations, analytics, and advertising sales for DISH TV and Sling TV. Mr. Arrix is the former CRO of mobile and advertising platform Verve and will join DISH Network Corp. as senior vice president. Mr. Arrix will report to Warren Schlichting, DISH executive vice president of programming and media sales.

Elanco Animal Health Inc. (ELAN): Director R. David Hoover bought 10,000 shares

Director R. David Hoover bought 10,000 shares of ELAN stock on Sept. 24 at the average price of $24. The price of the stock has increased by 45.38% since.

Elanco Animal Health Inc. is an American international animal health and animal food production company that sells its products and services in over 90 countries. The company was founded in 1954 and focuses on both scientific research and daily operations. The company has a market capitalization of $12.76 billion, and as of Sept. 28 it traded at $34.89.

On Sept. 19 Elanco Animal Health Inc. announced the price of its initial public offering of 62.9 million shares of its common stock at a price to the public of $24.00 per share. The shares began trading on the NYSE on Sept. 20 under the ticker symbol ELAN and the offering was expected to close on Sept. 24.

Hyster-Yale Materials Handling Inc. (HY): Chairman Alfred M. Rankin bought 2,700 shares

Chairman Alfred M. Rankin bought 2,700 shares of HY stock on Sept. 27 at the average price of $62.43. The price of the stock has decreased by 1.44% since.

Hyster-Yale Materials Handling Inc. is an American manufacturing company that focuses on designing, engineering, manufacturing, and selling a line of lift trucks and aftermarket parts. The company was spun off from NACCO Industries in 2012. Some of the company's subsidiaries include Nuvera Fuel Cells and Bolzoni S.p.A. The company has a market capitalization of $1.019 billion, and as of Sept. 28 it traded at $61.53.

On Aug. 7 Hyster-Yale Materials Handling Inc. announced that the company's Board of Directors has declared a regular cash dividend of $0.31 per share. The dividend was payable on both the Class A and Class B common stock and was paid on Sept. 14 to stockholders of record at the close of business on Aug. 31.

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.

This article first appeared on GuruFocus.