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I screened with Open Insider for insider buy transactions filed on September 20. I then checked with Stock Charts if the stocks had bullish Point and Figure counts. From this list I chose the top 5 stocks with insider buying in dollar terms. Here is a look at the top 5 stocks:

1. Janus Capital Group (NYSE:JNS) is a global investment firm offering strategies from three individual investment boutiques: Janus Capital Management, INTECH Investment Management and Perkins Investment Management. Each manager employs a research-intensive approach that is distinct within its respective asset class. This multi-boutique approach enables the firm to provide style-specific expertise across an array of strategies, including growth, value and mathematical equities, fixed income and alternatives through one common distribution platform. At the end of June 2012, JCG managed $152.4 billion in assets for shareholders, clients and institutions around the globe. Based in Denver, JCG also has offices in Frankfurt, The Hague, Paris, London, Milan, Munich, Zurich, Singapore, Hong Kong, Tokyo and Melbourne.


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Insider buys

Dai Ichi Life Insurance Company purchased 1,055,052 shares on September 19-20 and currently holds 21,463,021 shares of Janus. Janus has 201,329,431 fully diluted shares outstanding which makes Dai Ichi Life Insurance Company a 10.7% owner of Janus.

Financials

The company reported the second-quarter financial results on July 26 with the following highlights:

Revenue $206.0 million
Net income $23.4 million
Cash $638.6 million

My analysis

The stock has a $18 price target from the Point and Figure chart. Dai Ichi Life Insurance Company has been the only insider buying the shares this year. There have been three insider sell transactions this year by other insiders. The stock is trading at a forward P/E ratio of 15.00 and has a book value of $7.25 per share. I would recommend buying the stock from around $8 level.

2. LKQ Corporation (NASDAQ:LKQ) is the largest nationwide provider of aftermarket, recycled, and refurbished collision replacement parts, and a leading provider of mechanical replacement parts including remanufactured engines, all in connection with the repair of automobiles and other vehicles. LKQ also has operations in the United Kingdom, Canada, Mexico and Central America. LKQ operates more than 460 facilities, offering its customers a broad range of replacement systems, components and parts to repair automobiles and light, medium and heavy-duty trucks.


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Insider buys

William Webster purchased 10,000 shares on September 18 and currently controls 485,999 shares of the company. William Webster serves as a director of the company.

Financials

The company reported the second-quarter financial results on July 26 with the following highlights:

Revenue $1.01 billion
Net income $64.0 million
Cash $59.4 million

Outlook

The company's guidance for full-year 2012 is as follows:

Guidance
Organic revenue growth 5.5% to 7%
Net income $265 million to $282 million
Diluted EPS $1.77 to $1.88
Cash flow provided from operations $250 million to $280 million
Capital expenditures $100 million to $115 million

My analysis

The stock has a $27 price target from the Point and Figure chart. William Webster has been the only insider buying the shares this year. There have been 40 insider sell transactions this year. The stock is trading at a forward P/E ratio of 8.59. I would recommend buying the shares at $17 level which coincides with the rising 200 day moving average.

3. First Opportunity Fund (OTCPK:FOFI) was incorporated in Maryland on March 3, 1986, as a closed-end management investment company. The fund is non-diversified and its primary investment objective is total return.


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Insider buys

Nicholas Adams purchased 17,497 shares on September 18 and currently holds 645,621 shares of the company. Nicholas Adams serves as an Officer of Investment Adviser.

Financials

The fund trades currently at a 24.6% discount to its Net Asset Value. The fund's NAV is currently $9.80 per share.

My analysis

The fund has a $15.75 price target from the Point and Figure chart. There have been steady insider buying by Nicholas Adams and Susan Ciciora this year. There has not been any insider selling this year. I would recommend buying the fund below the Net Asset Value of $9.80 per share.

4. Brown-Forman Corporation (NYSE:BF.A) has enriched the experience of life by responsibly building fine quality beverage alcohol brands, including Jack Daniel's Tennessee Whiskey, Southern Comfort, Finlandia, Jack Daniel's & Cola, Canadian Mist, Korbel, Gentleman Jack, el Jimador, Herradura, Sonoma-Cutrer, Chambord, New Mix, Tuaca, and Woodford Reserve. Brown-Forman's brands are supported by nearly 4,000 employees and sold in approximately 160 countries worldwide.


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Insider buys

  • Joan Amble purchased 1,500 shares on September 18-19. Joan Amble serves as a director of the company.
  • Dace Stubbs purchased 19,884 shares on August 31. Dace Stubbs serves as a director of the company.

Financials

The company reported the financial results for its first-quarter of fiscal 2013 (ending July 31) on August 29 with the following highlights:

Revenue $840.3 million
Net income $118.1 million
Cash $361.5 million

Outlook

At this early stage in the fiscal year, the company is confirming its fiscal 2013 earnings outlook of $2.40 to $2.67, adjusted for the three-for-two stock split. First-quarter reported results benefited significantly from buy-ins in advance of price increases. Accordingly, this outlook assumes second-quarter results will likely reflect the impact of the marketplace working through the first quarter buy-ins. This outlook also includes anticipated negative impacts from foreign exchange of $0.05 per share and commodity price increases of $0.03 per share. At this point, for fiscal 2013 the company continues to expect high single-digit growth in underlying sales and operating income.

My analysis

The stock has a $104 price target from the Point and Figure chart. There have been two insiders buying the shares this year. There have been 32 insider sell transactions this year. The stock is trading at a P/E ratio of 24.60 currently. I would recommend buying the stock at dips towards the 200 day moving average.

5. H&E Equipment Services (NASDAQ:HEES) is one of the largest integrated equipment services companies in the United States with 65 full-service facilities throughout the West Coast, Intermountain, Southwest, Gulf Coast, Mid-Atlantic and Southeast regions of the United States. The company is focused on heavy construction and industrial equipment and rents, sells and provides parts and service support for four core categories of specialized equipment: (1) hi-lift or aerial platform equipment; (2) cranes; (3) earth moving equipment; and (4) industrial lift trucks. By providing equipment rental, sales, and on-site parts, repair and maintenance functions under one roof, the company is a one-stop provider for its customers' varied equipment needs. This full-service approach provides the company with multiple points of customer contact, enabling it to maintain a high quality rental fleet, as well as an effective distribution channel for fleet disposal and provides cross-selling opportunities among its new and used equipment sales, rental, parts sales and service operations.


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Insider buys

  • John Jones purchased 4,000 shares on September 20 and currently holds 48,892 shares of the company. John Jones has served as Vice President, Product Support of the company since its formation in September 2005.
  • Paul Arnold purchased 10,000 shares on August 22 and currently holds 24,245 shares of the company. Paul Arnold serves as a director of the company.

Financials

The company reported the second-quarter financial results on August 2 with the following highlights:

Revenue $209.9 million
Net income $10.5 million
Cash $3.7 million

H&E Equipment Services announced on August 20 that its Board of Directors declared a one-time special cash dividend of $7.00 per share, payable on September 19, 2012, to stockholders of record at the close of business on September 5, 2012. The aggregate amount of the payment to be made in connection with the dividend will be approximately $246 million. The dividend will be funded by the proceeds of the company's offering of $530 million aggregate principal amount of 7% senior notes due 2022, which closed on August 20, 2012.

Outlook

John Engquist, H&E Equipment Services' president and chief executive officer, commented:

"Our second-quarter performance was again solid, and we are especially pleased with our bottom line improvement. While the overall economic environment is hard to predict, the trends in the markets we serve remain positive and the momentum in our business is continuing. We are opening two new locations in Texas to expand our presence and we continue to evaluate expansion opportunities in other markets as well."

My analysis

The stock has a $22.5 price target from the Point and Figure chart. The stock is currently trading at a forward P/E of 13.98. There have been two insider buy transactions and one insider sell transaction this year. I would be looking to be a buyer of the stock around $11 level which coincides with the rising 200 day moving average.

Source: Top 5 Stocks With Insider Buys Filed On September 20 To Consider