Top Insider Buys of the Week

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Oct 04, 2013
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The past week was rather quiet in the world of insider buying. There were several companies reporting smaller insider buys along some large insider sells. The following insiders reported the largest insider buys over the past week.

These transactions were judged based on the number of insiders buying, transaction amount and the amount of shares being purchased.

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Copart (CPRT)

Chairman of the Board of Copart, Willis Johnson, made the largest insider buy this week. The chairman bought a total of 405,400 shares at an average price of $31.63 per share. This transaction cost Johnson a total of $12,822,802. Since his buy, the price per share is up 5.18%. Willis now holds on to over 3.68 million shares of company stock.

Willis also made a notable buy at the end of Sept. The chairman bought 227,900 shares at $30.96 per share. The price per share is now up 7.46%.

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Insider buying has increased in Copart as its price has dropped slightly from its 10-year high price.

Copart provides vehicle sellers with a full range of services to process and sell vehicles over the Internet through its Virtual Bidding Second Generation Internet auction-style sales technology, which it refers to as VB2. Vehicle sellers consist primarily of insurance companies, but also include banks and financial institutions, charities, car dealerships, fleet operators and vehicle rental companies.

Copart’s historical revenue and net income:

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The analysis on Copart reports that the company has shown predictable revenue and earnings growth, its P/B ratio is close to a 2-year low and its P/S ratio is nearing a 1-year low.

The Peter Lynch Chart suggests that the company is currently overvalued:

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Copart has a market cap of $4.16 billion. Its shares are currently trading at around $33.20 with a P/E ratio of 23.90, a P/S ratio of 4.10 and a P/B ratio of 5.40.

GuruFocus rated Copart the business predictability rank of 5-star.

UniFirst Corporation (UNF)

President and CEO Ronald Croatti made a notable buy this past week as it was the first insider buy reported for the company in over five years.

Croatti purchased a total of 8,242 shares at an average price of $91 per share. This cost the CEO a total of $750,022. Since then the price per share has jumped an additional 10.51%. Croatti now holds on to 2.22 million shares of company stock.

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This insider buy comes as the price is sitting near its all-time high.

UniFirst Corporation, together with its subsidiaries, is a provider of workplace uniforms and protective work wear clothing in the United States.

UniFirst’s historical revenue and net income:

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The analysis on UniFirst Corporation reports that the company’s operating margin is expanding, its dividend yield is near a 10-year low and its price is near a 10-year high. The company’s P/B and P/S ratios are at 10-year highs.

The Peter Lynch Chart suggests that the company is currently overvalued:

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UniFirst Corp. has a market cap of $2.03 billion. Its shares are currently trading at around $101.33 with a P/E ratio of 18.30, a P/S ratio of 1.50 and a P/B ratio of 2.10. The company had an annual average earnings growth of 13.7% over the past ten years.

GuruFocus rated UniFirst the business predictability rank of 4.5-star

Pulaski Financial (PULB)

Over the past week there were three different directors making buys into Pulaski Financial. These buys came as the price is inching back towards its 5-year high.

Leon Felman bought 1,977 shares at $10.12 per share. This transaction cost the director a total of $20,007.24. Since his buy, the price per share is up 4.55%. Felman now holds on to 928,459 shares of company stock.

Director Sharon Tucker added 989 shares to her stake. She also paid $10.12 per share for a total of $10,008.68. Since her buy, the price per share is up about 4.55%. Tucker now holds on to 7,965 shares of company stock.

Lastly, Stanley Bradshaw bought a total of 3,147 shares. He bought these shares at an average price of $10.31 per share for a transaction amount of $32.455.01. Since his buy, the price per share has increased 2.62%. Bradshaw now holds on to at least 229,868 shares of company stock.

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Pulaski Financial Corporation is the holding company for Pulaski Bank. Pulaski Bank provides an array of financial products and services for businesses and retail customers mainly through its thirteen full-service offices in the St. Louis metropolitan area.

Pulaski Financial’s historical revenue and net income:

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The analysis of Pulaski Financial reports that the price is nearing a 5-year high, its dividend yield is nearing a 5-year low and its P/S ratio is nearing a 3-year high.

The Peter Lynch Chart suggests that the company is currently undervalued:

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Pulaski Financial has a market cap of $120.7 million. Its shares are currently trading at around $10.58 with a P/E ratio of 8.90, a P/S ratio of 1.80 and a P/B ratio of 1.20. The dividend yield for the company is 3.60%. Pulaski had an annual average earnings growth of 27.8% over the past five years.

You can view a complete list of CEO buys and sells here.

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