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Looking to make smart investments with a company that has a positive reputation for environmental activism? In honor of Earth Day we ran a screen we think offers these elements for an environmentally conscious investor.

Using CSRHub, a sustainability rating database, we screened for a universe of stocks on the US market with market caps above $100 million for strong "environmental" scores above 55. Where applicable we also looked for overall scores above 50.

A bit on these scores: Data is collected from multiple sources and broken down into 4 main categories: Community, Employees, Environment, and Governance. Scores in categories are converted into a rating from 0-100 (100 = most positive). Some companies may do poorly in a single category but redeem themselves in others. For our list we used the "CRS user average" bias, which collects the average user's preference for high ratings in the categories.

Then we looked for bullish sentiment from company insiders, with significant net insider buying over the last six months equal to at least 2% of share float.

Insiders, naturally, work at the companies in question and have more knowledge about the firm than outsiders. When they put their own money on the line to purchase their company's shares, it indicates they are bullish about the firm's future, and believe current share price is undervalued.

And why six months? A 1968 study (pdf) by Professors James H. Lorie and Victor Niederhoffer showed that when number of insider buyers is at least two more than the number of insider sellers "the stock can be expected to outperform the market during the next six months." Furthermore, "insiders tend to buy more often than usual before large price increases and to sell more than usual before price decreases."

The List

Do you think insiders are right to invest in their environmentally conscious companies? Use this list as a starting point for your own analysis.

Click for an interactive version of the chart.

1. Amyris, Inc. (NASDAQ:AMRS): An integrated renewable products company, offers renewable compounds for a variety of markets.

  • Market cap at $208.13M, most recent closing price at $2.76.
  • Environmental score: 56. Their strengths are in "Energy and Climate Change" and "Resource Management."
  • Over the last six months, insiders were net buyers of 4,718,990 shares, which represents about 15.87% of the company's 29.73M share float.

2. Air Transport Services Group, Inc. (NASDAQ:ATSG): Provides aircraft, airline operations, and other related services primarily to the shipping and transportation industries.

  • Market cap at $359.12M, most recent closing price at $5.56.
  • Environmental score: 65. Their strengths are in "Energy and Climate Change" and "Resource Management."
  • Over the last six months, insiders were net buyers of 1,599,200 shares, which represents about 3.53% of the company's 45.31M share float.

3. Genomic Health Inc. (NASDAQ:GHDX): Focuses on the development and global commercialization of genomic-based clinical laboratory services that analyze the underlying biology of cancer allowing physicians and patients to make individualized treatment decisions.

  • Market cap at $906.91M, most recent closing price at $30.11.
  • Environmental score: 54. Overall score: 60. Their strengths are in "Resource Management." The overall score is boosted by the company's Governance and Community scores.
  • Over the last six months, insiders were net buyers of 1,188,223 shares, which represents about 7.86% of the company's 15.11M share float.

4. MannKind Corp. (NASDAQ:MNKD): Focuses on the discovery, development, and commercialization of therapeutic products for diabetes and cancer.

  • Market cap at $1.13B, most recent closing price at $3.90.
  • Environmental score: 55. Overall score: 52. Their strengths are in "Resource Management." The Overall score is brought down by Governance scores.
  • Over the last six months, insiders were net buyers of 39,997,650 shares, which represents about 26.36% of the company's 151.73M share float.

5. Office Depot, Inc. (NYSE:ODP): Together with its subsidiaries, supplies office products and services.

  • Market cap at $1.1B, most recent closing price at $3.84.
  • Environmental score: 56. Overall score: 56. This company has the greatest number of data sources of any on this list. Their strengths are in "Resource Management."
  • Over the last six months, insiders were net buyers of 11,023,100 shares, which represents about 4.64% of the company's 237.81M share float.

6. PHI Inc. (NASDAQ:PHII): Provides helicopter transportation services to the integrated energy, and independent exploration and production companies primarily in the Gulf of Mexico.

  • Market cap at $437.76M, most recent closing price at $28.50.
  • Environmental score: 57. Overall score: 56. Their strengths are in "Resource Management" and "Energy and Climate Change."
  • Over the last six months, insiders were net buyers of 257,144 shares, which represents about 3.49% of the company's 7.36M share float.

7. Targacept, Inc. (NASDAQ:TRGT): Engages in the design, discovery, and development of novel Neuronal Nicotinic Receptors (NNR) Therapeutics for the treatment of diseases and disorders of the central nervous system.

  • Market cap at $145.57M, most recent closing price at $4.33.
  • Environmental score: 60. Overall score: 59. Their strengths are in "Resource Management."
  • Over the last six months, insiders were net buyers of 2,023,840 shares, which represents about 8.88% of the company's 22.79M share float. (Also mentioned here)

8. Valhi, Inc. (NYSE:VHI): Operates in the chemicals, component products, and waste management businesses.

  • Market cap at $5.54B, most recent closing price at $16.35.
  • Environmental score: 56. Overall score: 53. Their strengths are in "Resource Management."
  • Over the last six months, insiders were net buyers of 422,049 shares, which represents about 2.95% of the company's 14.33M share float.

9. ViaSat Inc. (NASDAQ:VSAT): Engages in the design, production, and marketing of satellite and other wireless communication, and networking systems for government and commercial customers.

  • Market cap at $2.12B, most recent closing price at $47.50.
  • Environmental score: 60. Overall score: 50. In the past year their environmental rating has increased drastically (from under 20). Their strengths are in "Resource Management."
  • Over the last six months, insiders were net buyers of 1,109,880 shares, which represents about 4.69% of the company's 23.65M share float.

*Environmental data sourced from CSRHub, insider data sourced from Yahoo! Finance, all other data sourced from Finviz.

Source: Insiders Are Buying These 9 Environmentally Conscious Stocks