Insider Sales at Esterline Technologies (ESL) Extends the Selling Trend of Last Quarter

Thursday, November 02, 2017 10:15 PM ET

Insider Sales at Esterline Technologies (ESL) Extends the Selling Trend of Last Quarter

There was substantial level of selling of Esterline Technologies shares by insiders today, as revealed in form 4 documents filed with the SEC. Two insiders — J Richard Atwood, 10% Owner, and First Pacific Advisors Llc, 10% Owner — sold 96,450 shares in the company having a market value of approximately $9,173,529. There have been 2 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the sale of 69,931 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 166,381 shares and have averaged 41,595 shares per transaction over this time period.

Over the last 90 days, the number of insider buy/sell trades at Esterline Technologies is greater than the 43-company peer group average. Aerospace & Defense peer group saw 26 buy/sell trades during this period for an average of 0.6 transactions per company. The number of shares per buy/sell trade for Esterline Technologies insiders was also higher. Within the peer group there were 37,405 shares purchased and 160,447 shares sold with company insiders having sold 4,732 shares on average.

In determining significant insider buying and selling, trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data used to evaluate and write this story.

Today’s Insider Activity
* J Richard Atwood, 10% Owner, sold 48,225 shares
* First Pacific Advisors Llc, 10% Owner, sold 48,225 shares

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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