Ian Cleminson, the Vice President and Chief Financial Officer of Innospec Inc (NASDAQ:IOSP), has sold 931 shares of the company on February 29, 2024, according to a recent SEC filing. The transaction was executed at a price of $124.07 per share, resulting in a total sale amount of $115,493.17.
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's products are used in a wide range of industries, including fuel additives, oilfield chemicals, personal care, and fragrance ingredients, and specialty chemicals.
Over the past year, Ian Cleminson has sold a total of 11,200 shares of Innospec Inc and has not made any purchases of the stock. The insider transaction history for the company shows a pattern of more insider sales than buys over the past year, with 5 insider buys and 14 insider sells.
The market capitalization of Innospec Inc stands at $3.117 billion as of the date of the insider's recent sale. The stock's price-earnings ratio is 22.51, slightly above the industry median of 22.24 and also above the company's historical median price-earnings ratio.
In terms of valuation, with a stock price of $124.07 and a GuruFocus Value (GF Value) of $117.09, Innospec Inc has a price-to-GF-Value ratio of 1.06, indicating that the stock is Fairly Valued based on its GF Value. The GF Value is calculated considering historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
The recent insider sell by Ian Cleminson may provide investors with insight into the company's current valuation and insider sentiment. However, it is important for investors to consider a wide range of factors when evaluating the potential investment in any stock.
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.
