Yahoo Finance Stantec Insiders Placed Bullish Bets Worth CA$1.70m
In the last year, multiple insiders have substantially increased their holdings of Stantec Inc. (TSE:STN) stock, indicating that insiders' optimism about the company's prospects has increased.
Although we don't think shareholders should simply follow insider transactions, logic dictates you should pay some attention to whether insiders are buying or selling shares.
See our latest analysis for Stantec
Stantec Insider Transactions Over The Last Year
In the last twelve months, the biggest single purchase by an insider was when President Gordon Johnston bought CA$1.1m worth of shares at a price of CA$104 per share. That means that an insider was happy to buy shares at around the current price of CA$113. That means they have been optimistic about the company in the past, though they may have changed their mind. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. The good news for Stantec share holders is that insiders were buying at near the current price.
In the last twelve months insiders purchased 16.34k shares for CA$1.7m. But insiders sold 16.81k shares worth CA$1.6m. In total, Stantec insiders bought more than they sold over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying.
Stantec Insiders Bought Stock Recently
It's good to see that Stantec insiders have made notable investments in the company's shares. Overall, three insiders shelled out CA$210k for shares in the company -- and none sold. This makes one think the business has some good points.
Insider Ownership
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. We usually like to see fairly high levels of insider ownership. It appears that Stantec insiders own 0.3% of the company, worth about CA$40m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
What Might The Insider Transactions At Stantec Tell Us?
The recent insider purchases are heartening. And an analysis of the transactions over the last year also gives us confidence. When combined with notable insider ownership, these factors suggest Stantec insiders are well aligned, and that they may think the share price is too low. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Stantec. You'd be interested to know, that we found 2 warning signs for Stantec and we suggest you have a look.
Of course Stantec may not be the best stock to buy. So you may wish to see this free collection of high quality companies.
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 of direct interests only, but not derivative transactions or indirect interests.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
