Weekly CEO Sells Highlight: Primoris Services, BankUnited, Fleetor Technologies, IAC/InterActiveCorp

Author's Avatar
Mar 18, 2013


According to GuruFocus Insider Data, these are the largest CEO sales during the past week: Primoris Services Corporation, BankUnited Inc., Fleetor Technologies Inc., IAC/InterActiveCorp

Primoris Services Corporation (PRIM, Financial): Chairman, CEO and President, 10% Owner Brian Pratt Sold 1,250,000 Shares

Chairman, CEO and President, 10% Owner of Primoris Services Corporation (PRIM) Brian Pratt sold 1,250,000 shares on 03/13/2013 at an average price of $19.77. Primoris Services Corporation is a Delaware corporation formed in October 2006. Primoris Services Corporation has a market cap of $1.11 billion; its shares were traded at around $21.48 with a P/E ratio of 19.5313 and P/S ratio of 0.7162. The dividend yield of Primoris Services Corporation stocks is 0.56%.

Primoris Services Corporation reported their 2012 fourth quarter financial results. The company announced revenues of $480.9 million and net income of $17.0 million.

Chairman, CEO and President, 10% Owner Brian Pratt sold 2,246,049 shares of PRIM stock September, November and March. Executive Vice President and CFO Peter J. Moerbeek bought 5,294 shares of PRIM stock on 03/13/2013 at the average price of $11.02. Executive Vice President and Director Const Services Michael D. Killgore sold 75,000 shares of PRIM stock from January to March of 2013.

BankUnited Inc. (BKU, Financial): Chairman, President and CEO John Adam Kanas sold 800,000 Shares

Chairman, President and CEO of BankUnited Inc. (BKU) John Adam Kanas sold 800,000 shares on 03/13/2013 at an average price of $24.75. BankUnited Inc. is a savings and loan holding company with two wholly owned subsidiaries: BankUnited, which is an independent depository institution headquartered in Florida by assets, and BankUnited Investment Services Inc. Bankunited Inc. has a market cap of $2.36 billion; its shares were traded at around $24.73 with a P/E ratio of 12.1065 and P/S ratio of 3.3921. The dividend yield of BankUnited Inc. stocks is 2.9%.

BankUnited Inc. reported net income of $211.3 million for their 2012 annual year.

Chairman, President and CEO John Adam Kanas sold 800,000 shares of BKU stock on 03/13/2013 at the average price of $24.75. CFO Douglas J. Pauls sold 263,759 shares of BKU stock in December. Director, 10% Owner Wilbur L. Ross Jr. sold 4,810,000 shares of BKU stock on 03/13/2013 at the average price of $24.75.

Fleetcor Technologies Inc. (FLT, Financial): CEO and President Ronald Clarke Sold 500,000 Shares

CEO and President of Fleetcor Technologies Inc. (FLT) Ronald Clarke sold 500,000 shares on 03/12/2013 at an average price of $70.55. FleetCor Technologies Inc. is a Delaware corporation. Fleetcor Technologies Inc. has a market cap of $5.64 billion; its shares were traded at around $69.56 with a P/E ratio of 27.6243 and P/S ratio of 8.4246.

Revenues were $707.5 million and net income was $216.2 million for their financial results for their 2012 fiscal year.

CEO and President Ronald Clarke sold 500,000 shares of FLT stock on 03/12/2013 at the average price of $70.55. CFO and Secretary Eric Dey sold 61,316 shares of FLT stock in October, November and March. Director Steven T. Stull, Director Bruce R. Evans Director John R. Carroll sold 3,161,242 shares of FLT stock in March.

IAC/InterActiveCorp (IACI, Financial): CEO Gregory R. Blatt Sold 248,507 Shares

CEO of IAC/InterActiveCorp (IACI) Gregory R. Blatt sold 248,507 shares on 03/07/2013 at an average price of $42.23. IAC was incorporated in July 1986 in Delaware under the name Silver King Broadcasting Company Inc. IAC/InterActiveCorp has a market cap of $3.64 billion; its shares were traded at around $43.19 with a P/E ratio of 23.8663 and P/S ratio of 1.33. The dividend yield of IAC/InterActiveCorp stocks is 1.94%.

IAC/InterActiveCorp reported their 2012 fourth quarter results. The company reported net income of $40.7 million and revenues of $765.3 million.

CEO Gregory R. Blatt sold 248,507 shares of IACI stock on 03/07/2013 at the average price of $42.23. Director Bryan Lourd, Senior Vice President and Controller Michael H. Schwerdtman, Director Edgar Bronfman Jr. sold 48,844 shares of IACI stock in October and February.

For the complete list of stocks that were bought by their CEOs, go to: Insider Buys.