Trade Alert: The Independent Non-Executive Director Of Transurban Group (ASX:TCL), Robert Whitfield, Has Just Spent AU$130k Buying A Few More Shares

Investors who take an interest in Transurban Group (ASX:TCL) should definitely note that the Independent Non-Executive Director, Robert Whitfield, recently paid AU$12.97 per share to buy AU$130k worth of the stock. Although the purchase is not a big one, by either a percentage standpoint or absolute value, it can be seen as a good sign.

View our latest analysis for Transurban Group

The Last 12 Months Of Insider Transactions At Transurban Group

Over the last year, we can see that the biggest insider sale was by the CEO & Executive Director, Scott Charlton, for AU$16m worth of shares, at about AU$15.39 per share. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The silver lining is that this sell-down took place above the latest price (AU$12.62). So it may not shed much light on insider confidence at current levels. Scott Charlton was the only individual insider to sell shares in the last twelve months.

Happily, we note that in the last year insiders paid AU$463k for 37.27k shares. But insiders sold 1.41m shares worth AU$21m. Scott Charlton sold a total of 1.41m shares over the year at an average price of AU$14.76. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: insiders have been buying them).

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. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 0.06% of Transurban Group shares, worth about AU$20m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

So What Do The Transurban Group Insider Transactions Indicate?

The recent insider purchases are heartening. But we can't say the same for the transactions over the last 12 months. The more recent transactions are a positive, but Transurban Group insiders haven't shown the sustained enthusiasm that we look for, although they do own a decent number of shares, overall. Overall they seem reasonably aligned. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Transurban Group. To assist with this, we've discovered 2 warning signs that you should run your eye over to get a better picture of Transurban Group.

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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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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