Independent Chairman Timothy Poole Just Bought Shares In Aurizon Holdings Limited (ASX:AZJ)
Whilst it may not be a huge deal, we thought it was good to see that the Aurizon Holdings Limited (ASX:AZJ) Independent Chairman, Timothy Poole, recently bought AU$79k worth of stock, for AU$3.95 per share. While we're hesitant to get too excited about a purchase of that size, we do note it increased their holding by a solid 22%.
Check out our latest analysis for Aurizon Holdings
Aurizon Holdings Insider Transactions Over The Last Year
In the last twelve months, the biggest single purchase by an insider was when Independent Non-Executive Director Michael Fraser bought AU$146k worth of shares at a price of AU$4.86 per share. That means that an insider was happy to buy shares at above the current price of AU$4.08. It's very possible they regret the purchase, but it's more likely they are bullish about the company. To us, it's very important to consider the price insiders pay for shares. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.
Aurizon Holdings 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 want to know exactly who sold, for how much, and when, simply click on the graph below!
Aurizon Holdings 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 Aurizon Holdings Boast High Insider Ownership?
For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. From looking at our data, insiders own AU$2.4m worth of Aurizon Holdings stock, about 0.03% of the company. But they may have an indirect interest through a corporate structure that we haven't picked up on. We prefer to see high levels of insider ownership.
So What Do The Aurizon Holdings Insider Transactions Indicate?
The recent insider purchases are heartening. And the longer term insider transactions also give us confidence. On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on Aurizon Holdings stock. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Aurizon Holdings. Every company has risks, and we've spotted 4 warning signs for Aurizon Holdings (of which 1 makes us a bit uncomfortable!) you should know about.
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.
If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. 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. Simply Wall St has no position in the stocks mentioned.
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Thank you for reading.
