ARB Director Andrew Stott Increases Indirect Shareholding via On-Market Purchase

ARB Corporation ( (AU:ARB) ) just unveiled an announcement.

ARB Corporation has disclosed a change in the indirect shareholding of director Andrew Stott, who holds interests through A&J Stott Finance Pty Ltd and the Stott Promotions Superannuation Fund. His indirect stake increased from 5,000 to 8,000 ordinary fully paid shares following an on-market purchase of 3,000 shares at $22.50 each.

The transaction signals a modest vote of confidence from the director in ARB’s prospects, as it represents a meaningful increase in his personal economic exposure to the company. The trade did not occur during a closed period, indicating it was executed under normal trading conditions and in line with ASX disclosure requirements for director dealings.

The most recent analyst rating on (AU:ARB) stock is a Buy with a A$31.00 price target. To see the full list of analyst forecasts on ARB Corporation stock, see the AU:ARB Stock Forecast page.

More about ARB Corporation

ARB Corporation Limited is an Australian-listed company that manufactures and distributes automotive accessories. It focuses on products for four-wheel-drive and off-road vehicles, serving both domestic and international markets through retail and wholesale channels.

Average Trading Volume: 374,378

Technical Sentiment Signal: Sell

Current Market Cap: A$1.9B

See more insights into ARB stock on TipRanks’ Stock Analysis page.