According to
GuruFocus Insider Data
, these are the largest insider buys during the past week: The
AES Corporation (
AES
), ITT Corporation (
ITT
), National Penn Bancshares Inc. (
NPBC
), ADTRAN Inc. (
ADTN
) and ABM Industries Inc. (
ABM
).
The overall trend of insiders is illustrated in the chart below:
The AES Corporation (
AES
): Vice President Strategy Gardner Walkup Bought 7,500
Shares
Vice President, Strategy of The AES Corporation, Gardner Walkup,
bought 7,500 shares on 7/17/2012 at an average price of $12.77.
AES Corporation and its subsidiaries and affiliates are a global
power company committed to serving the world's needs for
electricity in a socially responsible way. The AES Corporation
has a market cap of $9.77 billion; its shares were traded at
around $12.77 with a P/E ratio of 12.1 and P/S ratio of 0.6.
On May 4, the AES Corporation reported a 54% increase in Adjusted
Earnings Per Share (
EPS
) for the first quarter of 2012. Consolidated revenue increased
by $584 million to $4.7 billion. First quarter diluted earnings
per share from continuing operations increased $0.14 to $0.44
Last week, Vice President Strategy
Gardner Walkup
bought 7,500 shares of AES stock. In May, COO Utilities
Andrew Vesey
, Vice President Human Resources
Rita Trehan
, and President and CEO Andres Gluski bought bought shares.
ITT Corporation (
ITT
): Senior Vice President and President Mot. Tech. Luca Savi
Bought 8,500 Shares
Senior Vice President and President Mot. Tech. of ITT
Corporation, Luca Savi, bought 8,500 shares on 07/17/2012 at an
average price of $18.84. ITT Corporation supplies advanced
technology products and services in several growth markets. ITT
Corporation has a market cap of $1.64 billion; its shares were
traded at around $18.84 with a P/E ratio of 3.3 and P/S ratio of
0.8. The dividend yield of ITT Corporation stocks is 2.1%.
On May 4, ITT Corporation reported first-quarter 2012 revenue of
$577 million, including 9 percent growth in organic revenue. On a
GAAP basis, earnings from continuing operations increased to
$0.11 per share compared with a loss of ($0.23) per share in the
prior-year first quarter. Adjusted earnings from continuing
operations, which excludes special items, totaled $0.39 per share
compared with pro forma adjusted earnings of $0.45 per share in
the first quarter of 2011.
Last week, Senior Vice President and President Mot. Tech. Luca
Savi bought 8,500 shares of ITT stock. Executive Vice President
Strategy Aris C. Chicles and Senior Vice President and President
Interconnect Solutions William Edward Taylor sold shares in
March. Senior Vice President and President Industrial Process
Robert J. Pagano Jr. sold 53,584 shares in February.
National Penn Bancshares Inc. (
NPBC
): Director Christian F. Martin IV Bought 1,021 Shares
Director of National Penn Bancshares Inc., Christian F. Martin
IV, bought 1,021 shares on 07/17/2012 at an average price of
$9.38. National Penn Bancshares Inc. is a bank holding company
engaged in general banking business. National Penn Bancshares has
a market cap of $1.49 billion; its shares were traded at around
$9.38 with a P/E ratio of 15.7 and P/S ratio of 3.4. The dividend
yield of National Penn Bancshares stocks is 2.9%.
On April 20, National Penn Bancshares Inc. reported net income
available to common shareholders of $25.3 million, or $0.17 per
diluted common share, for the first quarter of 2012 compared to
$20.7 million, or $0.14 per diluted common share, for the fourth
quarter of 2011. Net income available to common shareholders
increased 62% from $15.6 million, or $0.10 per diluted common
share, for the first quarter of 2011. On an adjusted basis, net
income for the quarter totaled $24.2 million, or $0.16 per
diluted common share, consistent with the fourth quarter of 2011
and a 45% increase over the prior year period.
Last week, Director Christian F. Martin IV bought 1,021 shares of
NPBC stock.
ADTRAN Inc. (
ADTN
): Director William L. Marks Bought 8,600 Shares
Director of ADTRAN Inc., William L. Marks, bought 8,600 shares on
7/15/2012 at an average price of $21.67. ADTRAN Inc. is a global
provider of networking & communications equipment, with an
eighteen year history of profitability & a portfolio of more
than one thousand four hundred solutions for use in the last mile
of today's telecommunications networks. ADTRAN Inc. has a market
cap of $1.38 billion; its shares were traded at around $21.67
with a P/E ratio of 13.4 and P/S ratio of 1.9. The dividend yield
of ADTRAN Inc. stocks is 1.7%. ADTRAN Inc. had an annual average
earnings growth of 16.5% over the past 10 years. GuruFocus rated
ADTRAN Inc. the business predictability rank of 4-star.
On July 10, ADTRAN Inc. reported results for the second quarter
2012. For the quarter, sales were $183,998,000 compared to
$184,227,000 for the second quarter of 2011. Net income was
$21,070,000 for the quarter compared to$36,943,000 for the second
quarter of 2011. Earnings per share, assuming dilution, were
$0.33 for the quarter compared to $0.56 for the second quarter of
2011. Non-GAAP earnings per share for the quarter were $0.38
compared to $0.59 for the second quarter of 2011.
Last week, Director William L. Marks bought 8,600 shares of ADTN
stock. Senior Vice President and General Manager Carrier Networks
James Denson Wilson Jr. sold 12,118 shares in May. Vice President
Carrier Network Sales Robert A. Fredrickson sold 8,062 shares in
April and Chief Technology Officer Kevin W. Schneider sold 11,280
shares in February.
ABM Industries Inc. (
ABM
): Director Phil Ferguson Bought 5,000 Shares
Director of ABM Industries Inc., Phil Ferguson, bought 5,000
shares on 7/13/2012 at an average price of $18.99. ABM Industries
Inc. provides air conditioning, elevator, engineering,
janitorial, lighting, parking and security services to thousands
of commercial, industrial and institutional customers who
outsource these services in hundreds of cities across North
America. ABM Industries Inc. has a market cap of $983.9 million;
its shares were traded at around $18.99 with a P/E ratio of 13
and P/S ratio of 0.2. The dividend yield of ABM Industries Inc.
stocks is 3.2%. ABM Industries Inc. had an annual average
earnings growth of 7.5% over the past 10 years.
On April 6, ABM Industries Inc. announced financial results for
the fiscal 2012 second quarter that ended April 30, 2012.
Revenues were $1.06 billion in the fiscal 2012 second quarter,
flat compared to $1.06 billion last year. Adjusted income from
continuing operations for the fiscal 2012 second quarter was
$16.3 million, or $0.30 per diluted share, compared to $15.0
million, or $0.28 per diluted share, in the second quarter of
fiscal 2011. Net income was $11.7 million, or $0.21 per diluted
share, compared to $14.2 million, or $0.26 per diluted share, in
the 2011 second quarter.
Last week, Director Phil Ferguson bought 5,000 shares of ABM
stock. President and CEO Henrik C. Slipsager sold shares this
month. Director Luke S. Helms and Senior Vice President David L.
Farwell sold shares in April. Director Linda Chavez, Senior Vice
President Human Resources Erin M. Andre and Executive Vice
President/CFO James S. Lusk sold shares in March.
For the complete list of stocks that bought by their company
executives, go to: Insider Buys.About GuruFocus: GuruFocus.com
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