Have Insiders Sold GFL Environmental Shares Recently?

Some GFL Environmental Inc. (TSE:GFL) shareholders may be a little concerned to see that the Independent Director, Lonnie Poole, recently sold a substantial CA$29m worth of stock at a price of CA$68.13 per share. However, it's crucial to note that they remain very much invested in the stock and that sale only reduced their holding by 4.3%.

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The Last 12 Months Of Insider Transactions At GFL Environmental

The Founder, Patrick Dovigi, made the biggest insider sale in the last 12 months. That single transaction was for CA$32m worth of shares at a price of CA$54.59 each. That means that an insider was selling shares at slightly below the current price (CA$69.27). When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. However, while insider selling is sometimes discouraging, it's only a weak signal. This single sale was just 46% of Patrick Dovigi's stake.

GFL Environmental insiders didn't buy any shares over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

See our latest analysis for GFL Environmental

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Insider Ownership

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. GFL Environmental insiders own 5.9% of the company, currently worth about CA$1.6b 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 GFL Environmental Tell Us?

An insider hasn't bought GFL Environmental stock in the last three months, but there was some selling. And even if we look at the last year, we didn't see any purchases. It is good to see high insider ownership, but the insider selling leaves us cautious. While it's good to be aware of 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. You'd be interested to know, that we found 1 warning sign for GFL Environmental and we suggest you have a look.

But note: GFL Environmental 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 of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. 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.