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I screened with Open Insider for insider buy transactions filed on September 26. 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 (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 1,209,429 shares on September 25-26, 1,145,147 shares on September 21-24 and 1,055,052 shares on September 19-20. Dai Ichi Life Insurance Company currently holds 23,817,597 shares of Janus. Janus has 201,329,431 fully diluted shares outstanding which makes Dai Ichi Life Insurance Company a 11.8% 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 14.87 and has a book value of $7.25 per share. The 200 day moving average is currently at $7.75 which could act like a support for the stock.

2. AGCO Corporation (AGCO), is a global leader focused on the design, manufacture and distribution of agricultural machinery. AGCO supports more productive farming through a full line of tractors, combines, hay tools, sprayers, forage equipment, tillage, implements, grain storage and protein production systems, as well as related replacement parts. AGCO products are sold through four core machinery brands, Challenger, Fendt, Massey Ferguson and Valtra, and are distributed globally through 3,100 independent dealers and distributors in more than 140 countries worldwide. Retail financing is available through AGCO Finance for qualified purchasers. Founded in 1990, AGCO is headquartered in Duluth, Georgia, USA. In 2011, AGCO had net sales of $8.8 billion.

Insider buys

Mallika Srinivasan purchased 113,688 shares on September 26, 1,100 shares on September 20, 103,466 shares on September 13, 53,000 shares on September 12 and 61,079 shares on September 11. All these shares were purchased pursuant to a Rule 10b5-1 trading plan. Mallika Srinivasan currently controls 334,472 shares of the company. Mallika Srinivasan serves as a director of the company.

Financials

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

Revenue$2.69 billion
Net income$204.9 million
Cash$393.4 million

Outlook

AGCO is increasing its earnings outlook and targeting adjusted earnings per share in a range from $5.50 to $5.75 for the full year of 2012. The new guidance reflects the company's improved operating performance which is partially offset by the negative impact of currency translation. Net sales are expected to range from $10.1 billion to $10.3 billion for the full year. Gross margin improvement is expected to be partially offset by increased engineering and market expansion expenditures.

My analysis

The stock has a $61 price target from the Point and Figure chart. There have been eight insider buy transactions and four insider sell transactions this year. The stock is trading at a forward P/E ratio of 7.93. The company has a book value of $33.23 per share. The stock closed right at its 200 day moving on September 26 which could be a good entry point for the stock.

3. Isramco (ISRL) is an independent oil and natural gas company engaged in the exploration, development and production of oil and natural gas properties located onshore in the United States and ownership of various royalty interests in oil and gas concessions located offshore Israel and operate a well service company that provides well maintenance and work-over services, well completion and re-completion services.

Insider buys

Naphtha Holding purchased 30,000 shares on September 24 and currently holds 1,791,816 shares of Isramco. Isramco has 2,717,691 shares outstanding which makes Naphtha Holding a 65.9% owner of Isramco. Naphtha Holding has purchased 151,688 shares of Isramco during 2012.

Financials

The company reported the second-quarter financial results on August 9 with the following highlights:

Revenue$12.8 million
Net income$2.5 million
Cash$1.5 million

My analysis

The stock has a $181 price target from the Point and Figure chart. There have been 12 insider buy transactions and there has not been any insider sell transactions this year. The stock is trading at a P/E ratio of 21.97. The rising 200 day moving is currently at $93 which could act like a support for the stock.

4. STAG Industrial (STAG) is a fully integrated, full service real estate company focused on the acquisition, ownership and management of single-tenant industrial properties throughout the United States. STAG's portfolio consists of 132 properties in 29 states with approximately 23.1 million rentable square feet.

Insider buys

Gregory Sullivan purchased 3,100 shares on September 24-25. Gregory Sullivan serves as Chief Financial Officer, Executive Vice President and Treasurer of the company.

Financials

The company reported the second-quarter financial results on August 6 with the following highlights:

Revenue$20.0 million
Net loss$2.2 million
Cash$5.1 million

My analysis

The stock has a $24 price target from the Point and Figure chart. There have been 26 insider buy transactions and there has not been any insider sell transactions this year. The stock is trading at a forward P/E ratio of 93.35 and has a 6.81% dividend yield. The company has a book value of $20.02 per share. The stock could be a good pick below the book value of $20.02 per share.

5. Esterline Corporation (ESL) is a specialized manufacturing company principally serving aerospace and defense markets. Approximately 80% of total revenue is generated from those markets. The remaining 20% is from the application of the company's technologies into industrial and high-tech markets including medical, rail, energy production and gaming.

Insider buys

James Morris purchased 1,000 shares on September 24 and currently holds 10,938 shares of the company. James Morris serves as a director of the company.

Financials

The company reported the third-quarter 2012 (ended July 27) financial results on August 30 with the following highlights:

Revenue$485.9 million
Net loss$17.1 million
Cash$213.1 million

Outlook

Full-year revenue is anticipated to range between $1.95 billion and $2.00 billion, representing growth of approximately 15% over fiscal 2011. Including anticipated fourth quarter diluted EPS of $1.60 to $1.70, the company expects full-year EPS (excluding the goodwill charge) to be in the range of $4.90 to $5.00 per diluted share, compared with $4.27 a year ago.

My analysis

The stock has a $77 price target from the Point and Figure chart. There have been two insider buy transactions and there has not been any insider sell transactions this year. The stock is trading at a forward P/E ratio of 10.19. The company has a book value of $49.62 per share which I would expect to act like a support for the stock.

Source: Top 5 Stocks With Insider Buys Filed On September 26 To Consider