Yahoo Finance Independent Chairman & Lead Independent Director Christopher Pappas Just Bought 8.7% More Shares In Univar Solutions Inc. (NYSE:UNVR)
Potential Univar Solutions Inc. (NYSE:UNVR) shareholders may wish to note that the Independent Chairman & Lead Independent Director, Christopher Pappas, recently bought US$148k worth of stock, paying US$12.35 for each share. Although the purchase only increased their holding by 8.7%, it is still a solid purchase in our view.
Check out our latest analysis for Univar Solutions
Univar Solutions Insider Transactions Over The Last Year
Notably, that recent purchase by Independent Chairman & Lead Independent Director Christopher Pappas was not the only time they bought Univar Solutions shares this year. They previously made an even bigger purchase of US$254k worth of shares at a price of US$17.34 per share. That means that an insider was happy to buy shares at above the current price of US$12.53. It's very possible they regret the purchase, but it's more likely they are bullish about the company. We always take careful note of the price insiders pay when purchasing shares. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.
Univar Solutions insiders may have bought shares in the last year, but they didn't sell any. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Univar Solutions is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Does Univar Solutions Boast High Insider Ownership?
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 0.9% of Univar Solutions shares, worth about US$19m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Do The Univar Solutions Insider Transactions Indicate?
The recent insider purchases are heartening. We also take confidence from the longer term picture of insider transactions. Given that insiders also own a fair bit of Univar Solutions we think they are probably pretty confident of a bright future. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Be aware that Univar Solutions is showing 4 warning signs in our investment analysis, and 1 of those is a bit concerning...
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
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