On November 13, 2024, Milton Blackmore, Director at Innospec Inc (IOSP, Financial), executed a sale of 1,035 shares of the company. The transaction was filed on the same day with the SEC. Following this transaction, the insider now owns 9,028 shares of Innospec Inc.
Innospec Inc is a global specialty chemicals company focused on manufacturing and supplying a wide range of specialty chemicals to markets such as fuel additives, oilfield chemicals, personal care, and other industrial applications.
Over the past year, Milton Blackmore has sold a total of 1,636 shares and has not purchased any shares of the company. This recent sale is part of a broader trend observed at Innospec Inc, where there have been 13 insider sells and 3 insider buys over the past year.
Shares of Innospec Inc were priced at $122.92 on the day of the transaction. The company has a market cap of approximately $3.04 billion. The price-earnings ratio of the stock stands at 21.27, which is below the industry median of 24.71.
The GF Value of Innospec Inc is $109.52, indicating that with a current price of $122.92, the stock is Modestly Overvalued with a price-to-GF-Value ratio of 1.12.
The GF Value is calculated considering historical trading multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This insider sell event provides investors with a snapshot of recent insider activity at Innospec Inc, which could be a useful data point in making informed investment decisions.
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.
