Even if it’s not a huge purchase, we think it was good to see that Martin Porta, the Independent Director of Stantec Inc. (TSE:STN) recently shelled out CA$82k to buy stock, at CA$58.37 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 16%.
View our latest analysis for Stantec
Stantec Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider purchase was by President Gordon Johnston for CA$537k worth of shares, at about CA$53.71 per share. So it’s clear an insider wanted to buy, at around the current price, which is CA$59.20. That means they have been optimistic about the company in the past, though they may have changed their mind. 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. The good news for Stantec share holders is that insiders were buying at near the current price.
While Stantec insiders bought shares during the last year, they didn’t sell. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
TSX:STN Insider Trading Volume August 15th 2021
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.
Does Stantec 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. We usually like to see fairly high levels of insider ownership. Stantec insiders own about CA$35m worth of shares. That equates to 0.5% of the company. 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 is good to see recent purchasing. 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. Therefore, you should definitely take a look at this FREE report showing analyst forecasts for Stantec.
Of course Stantec may not be the best stock to buy. So you may wish to see this free collection of high quality companies.
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.
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