We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Investors closely monitor insider buys, as they can deliver a positive message to shareholders, reflecting overall business confidence.
Of course, many strict rules apply to insiders.
Insiders can’t trade based on material nonpublic information, they must pre-clear all trades, and all transactions of the company’s stock must occur during the Window Period.
In addition, insiders have a longer holding period than most, a critical aspect that investors should be aware of.
Three companies – Cummins (CMI - Free Report) , Packaging Corp. of America (PKG - Free Report) , and Public Storage (PSA - Free Report) – have all seen recent insider activity. For those interested in trading like the insiders, let’s take a closer look at each.
Cummins Insider Buys $80k in Shares
Cummins is a leading global designer, manufacturer, and distributor of diesel and natural gas engines and powertrain-related component products. The VP recently made a small purchase, scooping up roughly 280 shares at a total cost of just above $80k.
Shares have been strong year-to-date, gaining 16% and widely outperforming relative to the respective Zacks Auto sector. The relative strength has been aided by quarterly results, with shares seeing post-earnings positivity in 2024.
Image Source: Zacks Investment Research
Public Storage Insider Buys 2.1k Shares
Public Storage's principal business activities include the ownership and operation of self-storage facilities and other related operations, including tenant reinsurance and third-party self-storage management.
A director recently made a decent-sized purchase, acquiring roughly 2100 shares at a total transaction value of just under $600k. Given its status as a REIT, income investors could be interested, with shares currently yielding 4.3% annually.
REITs must distribute at least 90% of their net earnings to shareholders as dividends. As shown below, the current yield crushes the Zacks Finance sector average. Bumpy price action YTD has boosted the yield, with PSA shares down 8% in 2024.
Image Source: Zacks Investment Research
Packaging Corp. of America Insider Dives in
Packaging Corporation of America is the third largest producer of containerboard products and a leading producer of uncoated freesheet paper in North America. A director recently stepped in and purchased 300 shares at a total cost of roughly $54k.
The company’s latest set of quarterly results came in above expectations, with shares moving higher since the release. Concerning headline figures, the company posted a 5% beat relative to the Zacks Consensus EPS estimate and posted sales 3.6% ahead of expectations.
Lower expenses paired with higher volumes in its Packaging and Paper segments aided the company, with EPS also exceeding prior guidance. The company’s shareholder-friendly nature can’t be overlooked, currently sporting a 13% five-year annualized dividend growth rate.
Image Source: Zacks Investment Research
Bottom Line
Many investors closely monitor insider buys, as they can provide a high level of confidence and conviction.
And recently, all three companies above – Cummins (CMI - Free Report) , Packaging Corp. of America (PKG - Free Report) , and Public Storage (PSA - Free Report) – have seen recent insider activity.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Insiders are Buying These 3 Stocks
Investors closely monitor insider buys, as they can deliver a positive message to shareholders, reflecting overall business confidence.
Of course, many strict rules apply to insiders.
Insiders can’t trade based on material nonpublic information, they must pre-clear all trades, and all transactions of the company’s stock must occur during the Window Period.
In addition, insiders have a longer holding period than most, a critical aspect that investors should be aware of.
Three companies – Cummins (CMI - Free Report) , Packaging Corp. of America (PKG - Free Report) , and Public Storage (PSA - Free Report) – have all seen recent insider activity. For those interested in trading like the insiders, let’s take a closer look at each.
Cummins Insider Buys $80k in Shares
Cummins is a leading global designer, manufacturer, and distributor of diesel and natural gas engines and powertrain-related component products. The VP recently made a small purchase, scooping up roughly 280 shares at a total cost of just above $80k.
Shares have been strong year-to-date, gaining 16% and widely outperforming relative to the respective Zacks Auto sector. The relative strength has been aided by quarterly results, with shares seeing post-earnings positivity in 2024.
Image Source: Zacks Investment Research
Public Storage Insider Buys 2.1k Shares
Public Storage's principal business activities include the ownership and operation of self-storage facilities and other related operations, including tenant reinsurance and third-party self-storage management.
A director recently made a decent-sized purchase, acquiring roughly 2100 shares at a total transaction value of just under $600k. Given its status as a REIT, income investors could be interested, with shares currently yielding 4.3% annually.
REITs must distribute at least 90% of their net earnings to shareholders as dividends. As shown below, the current yield crushes the Zacks Finance sector average. Bumpy price action YTD has boosted the yield, with PSA shares down 8% in 2024.
Image Source: Zacks Investment Research
Packaging Corp. of America Insider Dives in
Packaging Corporation of America is the third largest producer of containerboard products and a leading producer of uncoated freesheet paper in North America. A director recently stepped in and purchased 300 shares at a total cost of roughly $54k.
The company’s latest set of quarterly results came in above expectations, with shares moving higher since the release. Concerning headline figures, the company posted a 5% beat relative to the Zacks Consensus EPS estimate and posted sales 3.6% ahead of expectations.
Lower expenses paired with higher volumes in its Packaging and Paper segments aided the company, with EPS also exceeding prior guidance. The company’s shareholder-friendly nature can’t be overlooked, currently sporting a 13% five-year annualized dividend growth rate.
Image Source: Zacks Investment Research
Bottom Line
Many investors closely monitor insider buys, as they can provide a high level of confidence and conviction.
And recently, all three companies above – Cummins (CMI - Free Report) , Packaging Corp. of America (PKG - Free Report) , and Public Storage (PSA - Free Report) – have seen recent insider activity.