We’d be surprised if Hyster-Yale Materials Handling, Inc. (NYSE:HY) shareholders haven’t noticed that an insider, Martha Kelly, recently sold US$113k worth of stock at US$53.99 per share. The eyebrow raising move amounted to a reduction of 12.3% in their holding.
The Last 12 Months Of Insider Transactions At Hyster-Yale Materials Handling
The insider, Theodore Taplin, made the biggest insider sale in the last 12 months. That single transaction was for US$159k worth of shares at a price of US$65.25 each. While we don’t usually like to see insider selling, it’s more concerning if the sales take place at a lower price. The good news is that this large sale was at well above current price of US$53.36. So it may not shed much light on insider confidence at current levels.
In the last twelve months insiders purchased 21699 shares for US$1.4m. On the other hand they divested 6600 shares, for US$393k. In the last twelve months there was more buying than selling by Hyster-Yale Materials Handling insiders. You can see a visual depiction of insider transactions (by 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!
Does Hyster-Yale Materials Handling 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. Hyster-Yale Materials Handling insiders own 24% of the company, currently worth about US$210m based on the recent share price. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
What Might The Insider Transactions At Hyster-Yale Materials Handling Tell Us?
Insiders sold Hyster-Yale Materials Handling shares recently, but they didn’t buy any. But we take heart from prior transactions. And insider ownership remains quite considerable. So the recent selling doesn’t worry us. 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.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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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If you spot an error that warrants correction, please contact the editor at email@example.com. 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. Simply Wall St has no position in the stocks mentioned. Thank you for reading.