Patrick Williams, President & CEO of Innospec Inc (NASDAQ:IOSP), sold 9,667 shares of the company on February 26, 2024, according to a recent SEC filing.
Innospec Inc is a global specialty chemicals company focused on bringing innovative new technologies to market combined with a fast and responsive service. The company targets industries such as fuel specialties, oilfield services, personal care, and other industrial markets.
The insider's trades over the past year reflect a total sale of 69,648 shares and no recorded purchases. This latest transaction continues the trend observed over the past year, where the insider has consistently been selling shares of Innospec Inc.
The insider transaction history for Innospec Inc shows a pattern of more insider sales than buys over the past year, with 5 insider buys and 13 insider sells recorded.
On the day of the insider's recent sale, shares of Innospec Inc were trading at $125.01, giving the company a market capitalization of $3.096 billion.
The stock's price-earnings ratio stands at 22.34, which is above both the industry median of 21.86 and the historical median for the company. This suggests a higher valuation compared to its peers and its own past performance.
Considering the current share price and the GuruFocus Value of $117.08, Innospec Inc has a price-to-GF-Value ratio of 1.07, indicating that the stock is Fairly Valued when measured against the intrinsic value estimate from GuruFocus.
The GF Value is determined by considering historical trading multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on the company's past returns and growth, and future business performance estimates from Morningstar analysts.
Investors and analysts often monitor insider selling as it can provide insights into an insider's perspective on the value of the company's stock. However, it is also important to consider that insider selling can occur for various reasons and may not necessarily be indicative of a bearish outlook.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
