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Trade Alert: The Independent Non-Executive Director Of Sydney Airport Limited (ASX:SYD), John Stuart Roberts, Has Just Spent AU$153k Buying 19% More Shares

Simply Wall St

Investors who take an interest in Sydney Airport Limited (ASX:SYD) should definitely note that the Independent Non-Executive Director, John Stuart Roberts, recently paid AU$4.56 per share to buy AU$153k worth of the stock. That's a very decent purchase to our minds and it grew their holding by a solid 19%.

See our latest analysis for Sydney Airport

The Last 12 Months Of Insider Transactions At Sydney Airport

Notably, that recent purchase by John Stuart Roberts is the biggest insider purchase of Sydney Airport shares that we've seen in the last year. So it's clear an insider wanted to buy, at around the current price, which is AU$5.62. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. Happily, the Sydney Airport insiders decided to buy shares at close to current prices.

In the last twelve months Sydney Airport insiders were buying shares, but not selling. 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

Sydney Airport 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

Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. It appears that Sydney Airport insiders own 0.2% of the company, worth about AU$34m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

So What Does This Data Suggest About Sydney Airport Insiders?

The recent insider purchases are heartening. And the longer term insider transactions also give us confidence. Insiders likely see value in Sydney Airport shares, given these transactions (along with notable insider ownership of the company). 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. For instance, we've identified 4 warning signs for Sydney Airport (1 is significant) you should be aware of.

But note: Sydney Airport 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.