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Zacks Investment Ideas feature highlights: Caterpillar, Enterprise Product Partners and United Air Lines
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For Immediate Release
Chicago, IL – December 22, 2022 – Today, Zacks Investment Ideas feature highlights Caterpillar (CAT - Free Report) , Enterprise Product Partners (EPD - Free Report) and United Air Lines (UAL - Free Report) .
3 Stocks Seeing Insider Trading in Late-2022
Investors closely monitor insider buys. It's easy to understand why; if an insider buys, it delivers a positive message to shareholders, indicating that they're confident in the current state of business.
Still, who is considered an insider?
An insider is defined by Section 16 of the Security Exchange Act as an officer, director, 10% stockholder, or anyone who possesses information because of their relationship with the company.
Many strict rules apply to insiders.
Insiders can't trade based on material nonpublic information, they must pre-clear all trades, and all transactions of the company's stock must occur during the Window Period; the Window Period opens on the second trading day following the company's quarterly or annual earnings release and closes 20 days later.
Further, insiders are prohibited from selling short and trading, writing, or purchasing "put" or "call" options on the company's stock whether or not such options are traded on an exchange.
Three stocks – Caterpillar, Enterprise Product Partnersand United Air Lines– have seen insider activity in 2022.
Let's take a closer look at each one.
Caterpillar
Caterpillar is the world's largest construction-equipment manufacturer. The company designs, develops, engineers, manufactures, markets, and sells machinery, engines, financial products, and insurance to customers.
David MacLennan, a director, has bought a total of 1000 CAT shares throughout 2022.
Analysts have increased their earnings estimates over the last several months, pushing CAT into the highly-coveted Zacks Rank #1 (Strong Buy).
Undoubtedly a major positive, Caterpillar is a member of the elite Dividend Aristocrat group. The company's annual dividend currently yields a solid 2%, with its payout growing nearly 9% over the last five years.
Enterprise Product Partners
Enterprise Products Partners is a partnership that provides services to producers and consumers of commodities, including natural gas, natural gas liquids, oil, and refined petrochemical products.
In December, A.J. Teague, co-CEO, purchased 21,150 EPD shares for roughly $500 thousand.
EPD has consistently posted better-than-expected quarterly results, surpassing top and bottom line estimates in three consecutive quarters. In its latest release, EPD beat earnings expectations by 3.3% and delivered an 11.7% sales surprise.
In addition, EPD's dividend metrics would please many income-focused investors; the company's annual dividend currently yields a sizable 8.1%, nicely above its Zacks Oils and Energy sector average.
United Air Lines
United Airlines transports passengers and cargo throughout North America and destinations in Asia, Europe, the Middle East, and Latin America.
Edward Shapiro, a director, purchased 25,000 UAL shares in December for roughly $1 million.
UAL has seen its earnings outlook improve across several timeframes, helping land the stock into a Zacks Rank #2 (Buy).
The company bounced back in its latest quarter thanks to upbeat travel demand, exceeding the Zacks Consensus EPS Estimate by more than 25% and reporting revenue modestly above expectations.
Bottom Line
Simply put, price action in the market throughout 2022 has been less-than-ideal.
Still, insiders of all three companies above – Caterpillar, Enterprise Product Partners and United Air Lines – have all been busy buying up shares.
Of course, insiders have a longer-term holding horizon than most, a critical aspect that market participants should be aware of.
Why Haven't You Looked at Zacks' Top Stocks?
Our 5 best-performing strategies have blown away the S&P's impressive +28.8% gain in 2021. Amazingly, they soared +40.3%, +48.2%, +67.6%, +94.4%, and +95.3%. Today you can access their live picks without cost or obligation.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performancefor information about the performance numbers displayed in this press release.
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Zacks Investment Ideas feature highlights: Caterpillar, Enterprise Product Partners and United Air Lines
For Immediate Release
Chicago, IL – December 22, 2022 – Today, Zacks Investment Ideas feature highlights Caterpillar (CAT - Free Report) , Enterprise Product Partners (EPD - Free Report) and United Air Lines (UAL - Free Report) .
3 Stocks Seeing Insider Trading in Late-2022
Investors closely monitor insider buys. It's easy to understand why; if an insider buys, it delivers a positive message to shareholders, indicating that they're confident in the current state of business.
Still, who is considered an insider?
An insider is defined by Section 16 of the Security Exchange Act as an officer, director, 10% stockholder, or anyone who possesses information because of their relationship with the company.
Many strict rules apply to insiders.
Insiders can't trade based on material nonpublic information, they must pre-clear all trades, and all transactions of the company's stock must occur during the Window Period; the Window Period opens on the second trading day following the company's quarterly or annual earnings release and closes 20 days later.
Further, insiders are prohibited from selling short and trading, writing, or purchasing "put" or "call" options on the company's stock whether or not such options are traded on an exchange.
Three stocks – Caterpillar, Enterprise Product Partnersand United Air Lines– have seen insider activity in 2022.
Let's take a closer look at each one.
Caterpillar
Caterpillar is the world's largest construction-equipment manufacturer. The company designs, develops, engineers, manufactures, markets, and sells machinery, engines, financial products, and insurance to customers.
David MacLennan, a director, has bought a total of 1000 CAT shares throughout 2022.
Analysts have increased their earnings estimates over the last several months, pushing CAT into the highly-coveted Zacks Rank #1 (Strong Buy).
Undoubtedly a major positive, Caterpillar is a member of the elite Dividend Aristocrat group. The company's annual dividend currently yields a solid 2%, with its payout growing nearly 9% over the last five years.
Enterprise Product Partners
Enterprise Products Partners is a partnership that provides services to producers and consumers of commodities, including natural gas, natural gas liquids, oil, and refined petrochemical products.
In December, A.J. Teague, co-CEO, purchased 21,150 EPD shares for roughly $500 thousand.
EPD has consistently posted better-than-expected quarterly results, surpassing top and bottom line estimates in three consecutive quarters. In its latest release, EPD beat earnings expectations by 3.3% and delivered an 11.7% sales surprise.
In addition, EPD's dividend metrics would please many income-focused investors; the company's annual dividend currently yields a sizable 8.1%, nicely above its Zacks Oils and Energy sector average.
United Air Lines
United Airlines transports passengers and cargo throughout North America and destinations in Asia, Europe, the Middle East, and Latin America.
Edward Shapiro, a director, purchased 25,000 UAL shares in December for roughly $1 million.
UAL has seen its earnings outlook improve across several timeframes, helping land the stock into a Zacks Rank #2 (Buy).
The company bounced back in its latest quarter thanks to upbeat travel demand, exceeding the Zacks Consensus EPS Estimate by more than 25% and reporting revenue modestly above expectations.
Bottom Line
Simply put, price action in the market throughout 2022 has been less-than-ideal.
Still, insiders of all three companies above – Caterpillar, Enterprise Product Partners and United Air Lines – have all been busy buying up shares.
Of course, insiders have a longer-term holding horizon than most, a critical aspect that market participants should be aware of.
Why Haven't You Looked at Zacks' Top Stocks?
Our 5 best-performing strategies have blown away the S&P's impressive +28.8% gain in 2021. Amazingly, they soared +40.3%, +48.2%, +67.6%, +94.4%, and +95.3%. Today you can access their live picks without cost or obligation.
See Stocks Free >>
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performancefor information about the performance numbers displayed in this press release.