Directors dealings: Compass Group's North American COO unloads over a quarter of his stake

29th Sep 2016 17:53

(ShareCast News) - Compass Group's chief operating officer for North America, Gary Green, unloaded over a quarter of the stock he held in the catering services outfit.Green off-loaded 100,000 shares in the catering group at an individual price of 1,498.33p, for a total disbursement of £1,498,330.31.That took his total holdings in the firm down to 265,819 shares, which was equivalent to 0.016% of Compass Group's total shareholders' equity.On 29 September, analysts at SocGen reiterated their 'sell' recommendation on Compass's stock, explaining to clients that they now saw its business model as providing less scope for the company to improve its operating margins at the earnings before interest and taxes level.Hence, the current 2017 EV/EBIT multiple of 17.5 the shares were changing hands at, which was 60% above its historical average and 26% greater than the average for its sector, was "unjustified", they said.In its third quarter trading update, published on 28 July, management said the company was continuing to have a good year, posting organic revenue growth of 5.6% for the nine months to 30 June 2016.The FTSE 100 firm said its focus on growth was driving strong levels of new business wins and retention remains good across all regions.Shares in Compass finished the session higher by 0.20% to 1,496p, just a tad below their 52-week high of 1,515p.Top Director BuysAa (AA.)Director name: Clarke,Martin CAmount purchased: 200,000 @ 292.62pValue: £585,250.00Ecofin Global Utilities And Infrastructure Trust (EGL)Director name: Negre,MartinAmount purchased: 359,500 @ 135.54pValue: £487,281.42Onesavings Bank (OSB)Director name: Doman ,Andrew Amount purchased: 85,499 @ 261.25pValue: £223,366.13Accrol Group Holdings (ACRL)Director name: Crossley,StephenAmount purchased: 100,000 @ 132.00pValue: £132,000.01Capita (CPI)Director name: Parker,AndyAmount purchased: 14,000 @ 703.92pValue: £98,548.80Glaxosmithkline (GSK)Director name: Slaoui,MoncefAmount purchased: 4,600 @ $21.79Value: $78,980.45Jpmorgan Global Growth & Income (JPGI)Director name: Wightman,NigelAmount purchased: 20,000 @ 253.00pValue: £50,600.00Capital & Regional (CAL)Director name: Norval ,Louis Amount purchased: 73,200 @ 63.00pValue: £46,116.00Capital & Regional (CAL)Director name: Norval ,Louis Amount purchased: 64,000 @ 63.00pValue: £40,320.00Onesavings Bank (OSB)Director name: Doman ,Andrew Amount purchased: 15,000 @ 259.60pValue: £38,940.00Terra Capital (TCA)Director name: Bartlett ,Peter Amount purchased: 38,000 @ $0.85Value: $32,205.00Infrastructure India (IIP)Director name: Lulla,Rahul (Sonny)Amount purchased: 150,000 @ 12.00pValue: £18,000.00Capita (CPI)Director name: Powell,IanAmount purchased: 2,000 @ 698.94pValue: £13,978.80Wood Group (john) (WG.)Director name: Brown,Jann MAmount purchased: 1,101 @ 730.00pValue: £8,037.30Allergy Therapeutics (AGY)Director name: Jensen,PeterAmount purchased: 30,000 @ 19.25pValue: £5,775.00Spirent Communications (SPT)Director name: Hutchinson,Eric GAmount purchased: 586 @ 78.96pValue: £462.71Dunedin Smaller Companies Inv Trust (DNDL)Director name: Henderson,AlexaAmount purchased: 51 @ 204.00pValue: £104.04Top Director SellsMj Gleeson (GLE)Director name: Mills,Christopher H BAmount sold: 1,000,000 @ 600.00pValue: £6,000,000.00Compass Group (CPG)Director name: Green,GaryAmount sold: 100,000 @ 1,498.33pValue: £1,498,330.31Mandarin Oriental International (singapore) (MDO)Director name: James Clark,Paul Amount sold: 8,400 @ $1.30Value: $10,962.00Mandarin Oriental International (singapore) (MDO)Director name: James Clark,Paul Amount sold: 8,300 @ $1.30Value: $10,790.00Mandarin Oriental International (singapore) (MDO)Director name: James Clark,Paul Amount sold: 6,100 @ $1.31Value: $7,991.00Mandarin Oriental International (singapore) (MDO)Director name: James Clark,Paul Amount sold: 55 @ 126.00pValue: £87.95