Stock Analysis

Trade Alert: The CEO & Director Of Intertek Group plc (LON:ITRK), André Pierre Lacroix, Has Just Spent UK£537k Buying 2.3% More Shares

  •  Updated
LSE:ITRK
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Intertek Group plc (LON:ITRK) shareholders (or potential shareholders) will be happy to see that the CEO & Director, André Pierre Lacroix, recently bought a whopping UK£537k worth of stock, at a price of UK£53.67. There's no denying a buy of that magnitude suggests conviction in a brighter future, although we do note that proportionally it only increased their holding by 2.3%.

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Intertek Group Insider Transactions Over The Last Year

Notably, that recent purchase by André Pierre Lacroix is the biggest insider purchase of Intertek Group shares that we've seen in the last year. So it's clear an insider wanted to buy, at around the current price, which is UK£55.00. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. Happily, the Intertek Group insider decided to buy shares at close to current prices. The only individual insider to buy over the last year was André Pierre Lacroix.

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!

insider-trading-volume
LSE:ITRK Insider Trading Volume March 19th 2021

Intertek Group 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.

Insider Ownership of Intertek Group

Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that Intertek Group insiders own 0.2% of the company, worth about UK£17m. 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 Intertek Group Insider Transactions Indicate?

The recent insider purchase is heartening. And an analysis of the transactions over the last year also gives us confidence. Given that insiders also own a fair bit of Intertek Group we think they are probably pretty confident of a bright future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Intertek Group. For example - Intertek Group has 1 warning sign we think you should be aware of.

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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