Yahoo Finance Even with Genuine Parts Company (NYSE:GPC) stock down 4.8% this week, insiders who bought recently netted around US$157k
Insiders who bought Genuine Parts Company (NYSE:GPC) in the last 12 months may probably not pay attention to the stock's recent 4.8% drop. Even after accounting for the recent loss, the US$462k worth of stock purchased by them is now worth US$619k or in other words, their investment continues to give good returns.
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we do think it is perfectly logical to keep tabs on what insiders are doing.
See our latest analysis for Genuine Parts
Genuine Parts Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider purchase was by Independent Director John Holder for US$261k worth of shares, at about US$119 per share. We do like to see buying, but this purchase was made at well below the current price of US$161. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.
In the last twelve months Genuine Parts insiders were buying shares, but not selling. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Genuine Parts is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Insider Ownership
For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. Insiders own 0.2% of Genuine Parts shares, worth about US$53m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
What Might The Insider Transactions At Genuine Parts Tell Us?
It doesn't really mean much that no insider has traded Genuine Parts shares in the last quarter. But insiders have shown more of an appetite for the stock, over the last year. Insiders own shares in Genuine Parts and we see no evidence to suggest they are worried about the future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Genuine Parts. At Simply Wall St, we found 1 warning sign for Genuine Parts that deserve your attention before buying any shares.
Of course Genuine Parts may not be the best stock to buy. So you may wish to see this free collection of high quality 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. 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.
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