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Trade Alert: The Executive VP & CFO Of GFL Environmental Inc. (TSE:GFL), Luke Pelosi, Has Just Spent CA$149k Buying 1.0% More Shares

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Simply Wall St
·3 min read
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Potential GFL Environmental Inc. (TSE:GFL) shareholders may wish to note that the Executive VP & CFO, Luke Pelosi, recently bought CA$149k worth of stock, paying CA$40.79 for each share. While that's a very decent purchase to our minds, it was proportionally a bit modest, boosting their holding by just 1.0%.

Check out our latest analysis for GFL Environmental

The Last 12 Months Of Insider Transactions At GFL Environmental

In fact, the recent purchase by Luke Pelosi was the biggest purchase of GFL Environmental 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 CA$41.89 per share to be enticing. That means they have been optimistic about the company in the past, though they may have changed their mind. 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. The good news for GFL Environmental share holders is that insiders were buying at near the current price.

GFL Environmental insiders may have bought shares in the last year, but they didn't sell any. The average buy price was around CA$27.67. To my mind it is good that insiders have invested their own money in the company. However, we do note that they were buying at significantly lower prices than today's share price. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

insider-trading-volume
insider-trading-volume

GFL Environmental is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Does GFL Environmental 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. GFL Environmental insiders own about CA$1.0b worth of shares (which is 7.4% of the company). Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

So What Does This Data Suggest About GFL Environmental Insiders?

The recent insider purchase is heartening. We also take confidence from the longer term picture of insider transactions. But we don't feel the same about the fact the company is making losses. When combined with notable insider ownership, these factors suggest GFL Environmental insiders are well aligned, and quite possibly think the share price is too low. Looks promising! If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.

But note: GFL Environmental may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE 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.

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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.