Xavier F. Urbain Bought 103% More Shares In LKQ

Investors who take an interest in LKQ Corporation (NASDAQ:LKQ) should definitely note that the Independent Director, Xavier F. Urbain, recently paid US$32.12 per share to buy US$482k worth of the stock. We reckon that's a good sign, especially since the purchase boosted their holding by 103%.

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The Last 12 Months Of Insider Transactions At LKQ

In the last twelve months, the biggest single sale by an insider was when the insider, Dominick Zarcone, sold US$635k worth of shares at a price of US$42.32 per share. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. It's of some comfort that this sale was conducted at a price well above the current share price, which is US$32.62. So it is hard to draw any strong conclusion from it. Dominick Zarcone was the only individual insider to sell shares in the last twelve months.

Happily, we note that in the last year insiders paid US$920k for 28.38k shares. On the other hand they divested 55.00k shares, for US$2.2m. Dominick Zarcone divested 55.00k shares over the last 12 months at an average price of US$40.70. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

Check out our latest analysis for LKQ

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Insider Ownership Of LKQ

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 0.7% of LKQ shares, worth about US$60m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Does This Data Suggest About LKQ Insiders?

The recent insider purchases are heartening. On the other hand the transaction history, over the last year, isn't so positive. The more recent transactions are a positive, but LKQ 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 LKQ. In terms of investment risks, we've identified 1 warning sign with LKQ and understanding it should be part of your investment process.

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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.