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The Greenbrier Companies, Inc. (NYSE:GBX) shareholders (or potential shareholders) will be happy to see that the Chairman & CEO, William Furman, recently bought a whopping US$2.2m worth of stock, at a price of US$43.57. Aside from being a solid chunk in its own right, the deft move also saw their holding increase by some 11%.
Greenbrier Companies Insider Transactions Over The Last Year
In fact, the recent purchase by William Furman was the biggest purchase of Greenbrier Companies shares made by an insider individual in the last twelve months, according to our records. That implies that an insider found the current price of US$45.98 per share to be enticing. Of course they may have changed their mind. But this suggests they are optimistic. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. Happily, the Greenbrier Companies insider decided to buy shares at close to current prices. The only individual insider to buy over the last year was William Furman.
William Furman bought 150.00k shares over the last 12 months at an average price of US$25.54. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
Greenbrier Companies is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Insider Ownership of Greenbrier Companies
Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that Greenbrier Companies insiders own 3.0% of the company, worth about US$43m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
So What Do The Greenbrier Companies Insider Transactions Indicate?
It's certainly positive to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. When combined with notable insider ownership, these factors suggest Greenbrier Companies insiders are well aligned, and that they may think the share price is too low. 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. Every company has risks, and we've spotted 5 warning signs for Greenbrier Companies (of which 1 makes us a bit uncomfortable!) you should know about.
Of course Greenbrier Companies 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, but not derivative transactions.
This article by Simply Wall St is general in nature. 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.
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