Notable Mid-Cap Insider Sells Filed On August 20

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 |  Includes: ACM, BPL, CXO, DEI, JBHT, LEN, LLL, LLTC, NNN, RS, WAB
by: StockPandit

There are many different strategies to trade stocks and one of them is to find insider trading of stocks. When corporate insiders trade in their own securities, they must report their trades to the Securities and Exchange Commission (SEC), usually within a few business days of the trade. Insider trading cannot be based on material non-public information. However, many investors believe that corporate insiders may have better insights into the growth of the company and its proceedings. While there are many reasons for insiders to sell their shares, there is only one reason to buy. That said, investors generally look for insider selling patterns to get better insights into a company.

In this article, I will focus on notable insider sell transactions from mid-cap companies (market cap between $2 billion and $10 billion) filed at the Securities and Exchange Commission on August 20, 2012. I have also included the key financial metrics for the first three companies. You can use this list as a potential starting point for your analysis.

Definition of Insider: Corporate insiders are either a company's officers, directors, or any beneficial owners of more than ten percent of a class of the company's equity securities registered under Section 12 of the Securities Exchange Act of 1934.

Rule 10b5-1 Definition: A rule established by the SEC that allows insiders of publicly-traded corporations to create a trading plan of whenand how to buy or sell shares in that company. Rule 10b5-1 allows major holders to buy or sell a predetermined number of shares at a predetermined time. 10b5-1 plans are used by many corporate insiders to avoid the accusations of insider trading, regardless of what nonpublic knowledge he/she may later come to possess.

1. Douglas Emmett, Inc (NYSE:DEI): Douglas Emmett is a real estate investment trust, owns and operates office and multifamily properties in California and Hawaii. Douglas Emmett has a market cap of $3.29 billion and is currently trading around $23.53 with a 52-week range of $15.10 to $24.49. The stock has gained 29% year to date.

According to SEC filings on August 20, 2012, Anderson Christopher H (Director) sold a total of 400,000 shares at a total value of $9,448,650. Over the past three months, there have been a total of 13 insider transactions with 9 Sell transactions. The key financial metrics for Douglas Emmett are given below:

The following chart provides the insider trading summary for three-month and 12-month periods.

2. Buckeye Partners LP (NYSE:BPL): Buckeye Partners LP owns and operates refined petroleum products pipeline systems in the United States. Buckeye Partners LP has a market cap of $5.03 billion and is currently trading around $51.37 with a 52-week range of $44.55 to $68.45. The stock has fallen 19.71% year to date.

According to SEC filings on August 20, 2012, Wylie Forrest E (Director) sold a total of 130,000 shares at a total value of $6,746,161. Over the past three months, there have been a total of five insider transactions and all of them are Sell transactions. The key financial metrics for Buckeye Partners LP are given below:

The following chart provides the insider trading summary for three-month and 12-month periods.

3. J.B. Hunt Transport Services, Inc (NASDAQ:JBHT): J.B. Hunt Transport Services provides transportation and delivery services in the continental United States, Canada, and Mexico. J.B. Hunt Transport Services has a market cap of $6.41 billion and is currently trading around $54.57 with a 52-week range of $34.42 to $61.18. The stock has gained 21.08% year to date.

According to SEC filings on August 20, 2012, Garrison Earl Wayne (Director) sold a total of 100,000 shares at a total value of $5,559,960. Over the past three months, there have been a total of 45 insider transactions with 39 Sell transactions. The key financial metrics for J.B. Hunt Transport Services are given below:

The following chart provides the insider trading summary for three-month and 12-month periods.

Other notable insider selling transactions (minimum transaction value of $350,000) from mid-cap companies filed at the SEC on August 20, 2012 are as follows:

4. AECOM Technology Corporation (NYSE:ACM): AECOM Technology Corporation provides professional technical and management support services for commercial and government clients worldwide. AECOM has a market cap of $2.18 billion and is currently trading around $19.29 with a 52-week range of $14.50 to $24.28. The stock has fallen 6.22% year to date. According to SEC filings on August 20, 2012, AECOM had two insiders combined sell a total of 157,925 shares at a total value of $3,065,723. Out of these, 60,500 shares were sold through a Rule 10b5-1 trading plan.

5. National Retail Properties Inc (NYSE:NNN): National Retail Properties is a publicly owned equity real estate investment trust. The firm acquires, owns, manages, and develops retail properties in the United States. National Retail Properties has a market cap of $3.33 billion and is currently trading around $30.76 with a 52-week range of $23.90 to $30.82. The stock has gained 16.6% year to date. According to SEC filings on August 20, 2012, National Retail Properties had three insiders combined sell a total of 39,315 shares at a total value of $1,197,984. Also, Habicht Kevin B (EVP and CFO) has been granted 5,000 shares on August 17, 2012.

6. L-3 Communications Holdings, Inc (NYSE:LLL): L-3 Communications Holdings provides command, control, communications, intelligence, surveillance, and reconnaissance (C3ISR) systems; aircraft modernization and maintenance; and government services in the United States and internationally. L-3 Communications Holdings has a market cap of $6.70 billion and is currently trading around $69.44 with a 52-week range of $58.30 to $74.79. The stock has gained 4.14% year to date. According to SEC filingd on August 20, 2012, L-3 Communications Holdings had two insiders combined sell a total of 11,995 shares at a total value of $829,304.

7. Westinghouse Air Brake Technologies Corporation (NYSE:WAB): Westinghouse Air Brake Technologies Corporation, doing business as Wabtec Corporation, provides technology-based products and services for the freight rail and passenger transit industries worldwide. Wabtec has a market cap of $3.84 billion and is currently trading around $80.18 with a 52-week range of $49.38 to $82.90. The stock has gained 14.62% year to date. According to SEC filings on August 20, 2012, Cox R Mark (Senior Vice President - Corporate Development) sold a total of 8,700 shares at a total value of $696,370.

8. Reliance Steel & Aluminum Co (NYSE:RS): Reliance Steel & Aluminum operates as a metals service center company primarily in the United States and Canada. Reliance Steel & Aluminum has a market cap of $4.02 billion and is currently trading around $53.41 with a 52-week range of $31.09 to $58.58. The stock has gained 9.69% year to date. According to SEC filings on August 20, 2012, Gimbel Thomas W (Director) sold a total of 12,000 shares at a total value of $638,110.

9. Lennar Corporation (NYSE:LEN): Lennar Corporation engages in homebuilding, financial services, and real estate businesses in the United States. Lennar Corporation has a market cap of $6.04 billion and is currently trading around $31.88 with a 52-week range of $12.14 to $32.81. The stock has gained 62.24% year to date. According to SEC filings on August 20, 2012, Bolotin Irving (Director) sold a total of 15,245 shares at a total value of $493,481.

10. Concho Resources Inc (NYSE:CXO): Concho Resources is an independent oil and natural gas company, engages in the acquisition, exploration, and development of oil and natural gas properties in the United States. Concho Resources has a market cap of $9.93 billion and is currently trading around $95.2 with a 52-week range of $63.20 to $116.82. The stock has gained 1.55% year to date. According to SEC filings on August 20, 2012, Bridwell Tucker S (Director) sold a total of 4,520 shares at a total value of $436,922.

11. Linear Technology Corporation (NASDAQ:LLTC): Linear Technology designs, manufactures, and markets various analog integrated circuits worldwide. Linear Technology has a market cap of $7.57 billion and is currently trading around $32.87 with a 52-week range of $26.28 to $34.50. The stock has gained 9.46% year to date. According to SEC filings on August 20, 2012, Dobkin Robert C (VP Of Engineering & CTO) sold a total of 11,280 shares at a total value of $373,140.

Sources: Some of the data is sourced from Google Finance, Nasdaq, Finviz, Fidelity, and SEC.gov.

Disclosure: I have no positions in any stocks mentioned, but may initiate a short position in WAB over the next 72 hours.

Additional Disclosure: I change my positions very frequently and may initiate either long or short positions in the above mentioned stocks at any time.

Disclaimer: I am not a registered investment advisor and do not provide specific investment advice. The information contained herein is for informational purposes only. Nothing in this article should be taken as a solicitation to purchase or sell securities. Before buying or selling any stock you should do your own research and reach your own conclusion. It is up to investors to make the correct decision after necessary research. The information and data is believed to be accurate, but no guarantees or representations are made.