Trade Alert: The Independent Director Of Stantec Inc. (TSE:STN), Martin Porta, Has Just Spent CA$214k Buying 80% More Shares
Investors who take an interest in Stantec Inc. (TSE:STN) should definitely note that the Independent Director, Martin Porta, recently paid CA$53.57 per share to buy CA$214k worth of the stock. That certainly has us anticipating the best, especially since they thusly increased their own holding by 80%, potentially signalling some real optimism.
View our latest analysis for Stantec
Stantec Insider Transactions Over The Last Year
The President Gordon Johnston made the biggest insider purchase in the last 12 months. That single transaction was for CA$435k worth of shares at a price of CA$43.48 each. So it's clear an insider wanted to buy, at around the current price, which is CA$53.44. That means they have been optimistic about the company in the past, though they may have changed their mind. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. The good news for Stantec share holders is that insiders were buying at near the current price.
Stantec insiders may have bought shares in the last year, but they didn't sell any. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Stantec 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.
Insider Ownership of Stantec
Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that Stantec insiders own 0.5% of the company, worth about CA$31m. 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 Does This Data Suggest About Stantec Insiders?
It's certainly positive to see the recent insider purchases. And an analysis of the transactions over the last year also gives us confidence. Given that insiders also own a fair bit of Stantec 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. At Simply Wall St, we found 1 warning sign for Stantec that deserve your attention before buying any shares.
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.
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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