Insider Selling at UnitedHealth Group Inc. (UNH), Plus Insider Buying at 4 Other Companies

One Executive at Well-Known Bar-Code Company Buys Shares

One member of Zebra Technologies Corp. (NASDAQ:ZBRA)’s executive team purchased a block of shares this past week. Jim L. Kaput, Senior Vice President, General Counsel and Secretary, purchased 3,457 class A shares on Thursday at $68.22 apiece. Following the recent purchase, Mr. Kaput currently holds an ownership stake of 53,663 class A shares.

The label printer and mobile technologies vendor has seen the value of its stock gain 20% in the past three months, but the stock is still 3% in the red year-to-date. Zebra Technologies Corp. (NASDAQ:ZBRA) reported net sales of $879 million for the three months ended July 2, down from $890 million posted for the same period of the prior fiscal year. The bar-code company’s second-quarter top line was impacted by political and economic uncertainty, which caused some project delays on the part of customers. The decline in sales was mainly driven by lower sales volume of barcode printers, wireless LAN and location solutions. John W. Rogers’ Ariel Investments upped its position in Zebra Technologies Corp. (NASDAQ:ZBRA) by 45% during the April-to-June quarter to 2.20 million shares.

SVP at Leading Petroleum Refiner Acquires Shares

One highly-informed executive at PBF Energy Inc. (NYSE:PBF) also acquired a block of shares last week. Thomas L. O’Connor, Senior Vice President of Commercial, snatched up 10,000 class A shares on Friday at prices varying from $21.71 to $21.74 per share, lifting his ownership to exactly 50,000 shares.

The independent petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants and other petroleum products has seen its market cap plunge by 38% since the start of the year. In early-September, PBF Energy Inc. (NYSE:PBF) completed the acquisition of a 50%-interest in Torrance Valley Pipeline Company LLC (TVPC) from one of its affiliates for around $175 million in cash. TVPC owns the 189-mile San Joaquin Valley Pipeline system, which has a throughput capacity of 110,000 barrels per day. The number of hedge funds followed by Insider Monkey with long positions in PBF Energy dropped to 24 from 35 during the second quarter. Seth Klarman’s Baupost Group recently reported upping its stake in PBF Energy Inc. (NYSE:PBF) to 15.72 million shares.

The final page of this article will focus on two other companies that registered some noteworthy insider trading last week.