Monday, November 06, 2017 10:15 PM ET
Significant Insider Sales in Shares of Esterline Technologies (ESL) Extends the Selling Trend of Last Quarter
There was a notable level of share sales at Esterline Technologies by insiders today, as reported in form 4 documents filed with the SEC. Two insiders — J Richard Atwood, 10% Owner, and First Pacific Advisors Llc, 10% Owner — disposed of 347,958 shares in the company having a market value of approximately $33,138,085. 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 disposition of 166,381 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 514,339 shares and have averaged 128,585 shares per transaction over this time period.
The level of buy/sell trading at Esterline Technologies is is above the 43 peer company average over the last 90-day period. The Aerospace & Defense peer group saw 32 buy/sell trades during this period for an average of 0.7 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 269,184 shares sold with company insiders having sold 7,243 shares on average.
Insider buying and selling activity that is significant has been determined by eliminating all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers in evaluating and writing this story.
Today’s Insider Activity
* J Richard Atwood, 10% Owner, sold 173,979 shares
* First Pacific Advisors Llc, 10% Owner, sold 173,979 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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