Lead Independent Director Louis Vachon Just Bought 100% More Shares In Alimentation Couche-Tard Inc. (TSE:ATD)

Potential Alimentation Couche-Tard Inc. (TSE:ATD) shareholders may wish to note that the Lead Independent Director, Louis Vachon, recently bought CA$308k worth of stock, paying CA$61.53 for each share. That certainly has us anticipating the best, especially since they thusly increased their own holding by 100%, potentially signalling some real optimism.

See our latest analysis for Alimentation Couche-Tard

The Last 12 Months Of Insider Transactions At Alimentation Couche-Tard

Notably, that recent purchase by Louis Vachon is the biggest insider purchase of Alimentation Couche-Tard shares that we've seen in the last year. That means that even when the share price was higher than CA$59.73 (the recent price), an insider wanted to purchase shares. It's very possible they regret the purchase, but it's more likely they are bullish about the company. To us, it's very important to consider the price insiders pay for shares. It is encouraging to see an insider paid above the current price for shares, as it suggests they saw value, even at higher levels. Louis Vachon was the only individual insider to buy during 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!

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.

Insider Ownership Of Alimentation Couche-Tard

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. Alimentation Couche-Tard insiders own about CA$6.2b worth of shares (which is 10% of the company). I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

What Might The Insider Transactions At Alimentation Couche-Tard Tell Us?

It's certainly positive to see the recent insider purchase. And the longer term insider transactions also give us confidence. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Alimentation Couche-Tard. Nice! Of course, the future is what matters most. So if you are interested in Alimentation Couche-Tard, you should check out this free report on analyst forecasts for the company.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity 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.

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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.