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Trade Alert: The Independent Non-Executive Director Of Aurizon Holdings Limited (ASX:AZJ), Lyell Strambi, Has Just Spent AU$60k Buying 261% More Shares

Simply Wall St
·3 mins read

Whilst it may not be a huge deal, we thought it was good to see that the Aurizon Holdings Limited (ASX:AZJ) Independent Non-Executive Director, Lyell Strambi, recently bought AU$60k worth of stock, for AU$4.28 per share. While that isn't the hugest buy, it actually boosted their shareholding by 261%, which is good to see.

See our latest analysis for Aurizon Holdings

Aurizon Holdings Insider Transactions Over The Last Year

The Independent Chairman Timothy Poole made the biggest insider purchase in the last 12 months. That single transaction was for AU$77k worth of shares at a price of AU$3.86 each. That means that an insider was happy to buy shares at around the current price of AU$4.21. 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. In this case we're pleased to report that the insider purchases were made at close to current prices.

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 companies and individuals) over the last 12 months, below. 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

There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).

Insider Ownership of Aurizon Holdings

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. Based on our data, Aurizon Holdings insiders have about 0.03% of the stock, worth approximately AU$2.8m. We do note, however, it is possible insiders have an indirect interest through a private company or other corporate structure. We prefer to see high levels of insider ownership.

What Might The Insider Transactions At Aurizon Holdings Tell Us?

It's certainly positive to see the recent insider purchases. 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. 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've found that Aurizon Holdings has 3 warning signs (1 is concerning!) that deserve your attention before going any further with your analysis.

But note: Aurizon Holdings 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@simplywallst.com.