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CEO of IHS Inc. Jerre Stead Sold 54,710 Shares

July 12, 2012 | About:
hyperman299

GuruFocus

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CEO and Chairman of the Board of IHS Inc. (IHS) Jerre L. Stead sold 54,710 shares on 07/10/2012 at an average price of $105.19. The total transaction amount was $5,754,945. IHS Inc. is one of the global providers of critical technical information, decision-support tools and related services to customers in a number of industries including energy, defense, aerospace, construction, electronics and automotive through two operating segments, Engineering and Energy. IHS Inc. has a market cap of $7.05 billion; its shares were traded at around $103.91 with a P/E ratio of 41.9 and P/S ratio of 5.3. The company had an annual average earnings growth of 15.8% over the past five years.

CEO Jerre Stead has not made any other recent trades in IHS. However, the company’s CFO also recently decreased his positions in the company. CFO Richard Walker sold 5,000 shares of the company on 1/17/2012. Various other insiders have also decreased their positions in the company.

Jerre Stead has been chairman of the board of IHS Inc. since Dec. 1, 2000 and its CEO since Sept. 20, 2006. Mr. Stead has been the CEO of IHS Intermat Solutions since Sept. 20, 2006 and its chairman since Dec. 12, 2000. He also held a position in Ingram Micro Inc., from August 1996 to June 1, 2000.

One guru currently holds a position in IHS. Ron Baron owns 429,528 shares as of 03/31/2012, which accounts for 0.24% of the $16.69 billion portfolio of Baron Funds.

IHS has an average annual revenue growth rate of 19.3% for the past five years, and 19.7% in the last 12 months. Earnings per share have seen consistent gains since the company’s inception, declining slightly in fiscal 2011. The company holds $235 million in cash, but owes $659 million in long-term debt and an additional $213 million in other long-term liabilities. In 2011, IHS Inc. bought back $30.1 million worth of shares. The company has consistently been repurchasing its own stock since it went public in 2005.

Rating: 3.3/5 (4 votes)

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