Stock corporation – Sweet As A Biscuit http://sweetasabiscuit.com/ Wed, 18 May 2022 09:23:16 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://sweetasabiscuit.com/wp-content/uploads/2021/10/icon-14-120x120.png Stock corporation – Sweet As A Biscuit http://sweetasabiscuit.com/ 32 32 Yellow Corporation (YELL): recent developments suggest an improving situation, but risks remain https://sweetasabiscuit.com/yellow-corporation-yell-recent-developments-suggest-an-improving-situation-but-risks-remain/ Wed, 18 May 2022 06:44:00 +0000 https://sweetasabiscuit.com/yellow-corporation-yell-recent-developments-suggest-an-improving-situation-but-risks-remain/ AleksandarGeorgiev/E+ via Getty Images Although it is one of the smallest trucking companies, by market capitalization, in the United States, yellow society (NASDAQ: YELL) also has to be one of the most iconic and well-known actors in space. Unfortunately, the financial performance of this company has not been all that fantastic the past few years. […]]]>

AleksandarGeorgiev/E+ via Getty Images

Although it is one of the smallest trucking companies, by market capitalization, in the United States, yellow society (NASDAQ: YELL) also has to be one of the most iconic and well-known actors in space. Unfortunately, the financial performance of this company has not been all that fantastic the past few years. And with the general market decline, shareholders felt a lot of pain. But it is possible that this picture is changing. Indeed, on May 17, 2022, the company’s shares closed 26.3% higher than they had closed a day earlier in response to a rather exciting development regarding the company’s top brass. . This could be indicative of the worst for the company that is coming to an end. Although investors are still advised to be cautious about the future of the company.

Assessment of recent developments

The last time I wrote about Yellow Corporation was in September 2021. At that time, I called the trucking service company a mediocre business in a mediocre industry. I did say that stocks could go up nicely, but only if management can stabilize the company. And I also recognized that, all things considered, the company was probably quite valued compared to its peers. Since then, the broader market has taken a heavy hit, with the S&P 500 falling 7.9%. Given the inflationary pressures, particularly with respect to wages and fuel costs, the trucking industry has been affected quite significantly. For Yellow Corporation, this materialized in the form of a 24.6% decline in the company’s share price. This is after taking into account the price surge that stocks experienced on May 17th.

The rise in the company’s stock was driven by decisions made by some of the company’s top brass. The news broke that the Yellow Corporation CEO had acquired 26,000 shares of the company for a weighted average price of $3.92. The COO also bought an impressive amount, totaling 18,844 shares in total, with a weighted average purchase price of $3.95. And the CFO bought 5,000 shares for $3.86 each. As large as all of these purchases are, they all pale in comparison to the 53,150 shares that one of the company’s directors, Matthew Doheny, acquired at a weighted average price of $3.83. In total, these four top executives paid just under $400,000 for a total of 102,994 shares.

Previous shareholding

Yellow Company – SEC EDGAR

Given the company’s current number of shares, this equates to 0.2% of all outstanding shares. At first glance, it may seem unreasonable that stocks have risen so much in response to this type of move. However, proper context is needed. For example, as of April 4 of this year, the company’s 16 most important people, made up of its directors and officers, possesses only 3.1% of the outstanding shares. Those who acquired shares in this recent move represented four of the seven largest of these shareholders. It’s also worth noting that, relative to the number of shares each member owned prior to the trades, the one with the largest percentage increase in ownership was Matthew Doheny. He effectively increased his stake in shares of Yellow Corporation by 25.6%. Next up was the COO, Darrel Harris. Its stake increased by 18.3%. He was followed by CFO Daniel Olivier with a 12.4% increase. And finally, CEO Darren Hawkins increased his holdings by 6.5%. That’s pretty small by comparison, but it’s also worth noting that, using April 4 numbers, he already owned 25.5% of all shares held by the top 16 individuals I mentioned.

Historical financial data

Author – SEC EDGAR Data

When so many senior executives in a company start buying stocks, it can be a sign that things are about to change. Certainly, we have seen improvements lately for the company. For example, we need only look at financial performance covering first quarter of the company’s 2022 financial year. During this quarter, revenues reached $1.26 billion. This represents a 5.2% increase from the $1.20 billion generated a year earlier. The company also saw its net loss improve, from $63.3 million in the first quarter of last year to $27.5 million this year. Operating cash flow also improved from negative $38.8 million to negative $33.5 million. However, if we adjust for changes in working capital, the picture looks even better, with the metric changing from negative $17 million to positive $14 million. Meanwhile, the company’s EBITDA also improved, from $13.2 million in the first quarter of last year to $52 million in the same period this year.

Trading multiples

Author – SEC EDGAR Data

In a way, shares of Yellow Corporation are also quite cheap. If we use data from the company’s fiscal years 2020 and 2021, it’s trading quite low on an adjusted price/operating cash flow basis. Using our 2020 results, this multiple is 1.7. Meanwhile, using 2021 numbers, the multiple is only 1.5. To put this into perspective, I decided to look at five similar companies. These companies ranged from a low multiple of 3 to a high multiple of 5.6. Our prospect was the cheapest of the bunch. The picture changes, however, when we look at it through the lens of the EV/EBITDA multiple. In this case, using our 2021 results, the multiple is 5. Meanwhile, if we use 2020 results, the multiple increases to 8. Using the same five companies as in the price/cash flow scenario d exploitation, I calculated multiples ranging from 2.4 to 6.2. According to our 2020 data, Yellow Corporation was the most expensive of the bunch. Even if we use 2021 results, four of the five companies were cheaper than our target. All of this is tied to a fairly large leverage that Yellow Corporation currently has. Using our 2020 numbers, the company has a net leverage ratio of 6.8. That drops to 4.3 if our 2021 numbers are more indicative of the company’s outlook. No matter how you stack it, they’re not exactly big numbers.

Company Price / Operating Cash EV / EBITDA
yellow society 1.5 5.0
US Xpress Companies (USX) 3.0 6.2
American truck (USAK) 4.0 2.5
Covenant Logistics Corp (CVLG) 3.7 2.4
PAM Transportation Services (PTSI) 5.6 4.2
Daseke (DSKE) 3.8 4.3

Take away

Right now, investors in Yellow Corporation are incredibly excited about the company and its prospects. On the positive side, we have a few leading indicators to work with. The first was when the company released financial results covering the first quarter of its fiscal year 2022. That data was clearly better across the board than it was a year earlier. And perhaps more telling is the news of stock purchases by the aforementioned people. On the other hand, the company’s recent past has not been great and leverage is an issue. Add to that concerns about the broader economy, and it’s not unthinkable that the company could be in a lot of pain for an extended period of time if things don’t go well. As for me, given the drop in price I’ve seen since I started talking about the company and the weighing of the pros and cons I just mentioned, I think a rating “ hold” is appropriate for now.

]]>
IBM Class Action: Levi & Korsinsky Reminds International Business Machines Corporation Investors of Ongoing Class Action with Deadline for Lead Plaintiff June 6, 2022 – IBM https://sweetasabiscuit.com/ibm-class-action-levi-korsinsky-reminds-international-business-machines-corporation-investors-of-ongoing-class-action-with-deadline-for-lead-plaintiff-june-6-2022-ibm/ Tue, 17 May 2022 00:44:00 +0000 https://sweetasabiscuit.com/ibm-class-action-levi-korsinsky-reminds-international-business-machines-corporation-investors-of-ongoing-class-action-with-deadline-for-lead-plaintiff-june-6-2022-ibm/ New York, New York–(Newsfile Corp. – May 16, 2022) – Levi & Korsinsky, LLP advises investors in International Commercial Machinery Society (“IBM” or the “Company”) IBM of a securities class action. The lawsuit on behalf of the IBM investors was filed in the United States District Court for the Southern District of New York. Relevant […]]]>

New York, New York–(Newsfile Corp. – May 16, 2022) – Levi & Korsinsky, LLP advises investors in International Commercial Machinery Society (“IBM” or the “Company”) IBM of a securities class action.

The lawsuit on behalf of the IBM investors was filed in the United States District Court for the Southern District of New York. Relevant investors have purchased or otherwise acquired certain securities of International Business Machines Corporation between April 4, 2017 and October 20, 2021. Follow the link below for more information and to be contacted by a member of our team:

https://www.zlk.com/pslra-1/ibm-loss-submission-form?prid=27325&wire=5

or contact Joseph E. Levi, Esq. either by email at jlevi@levikorsinsky.com or by phone at (212) 363-7500. There is no cost or obligation for you.

Can’t see this video? To visit:
https://www.youtube.com/watch?v=oIjoMA13FYA

NEWS from International Business Machines Corporation – IBM NEWS

CASE DETAILS: The Complaint Filed alleges that the Defendants misrepresented and/or concealed that: (i) Revenues and Growth of Strategic Imperatives, Revenues and Growth of CAMSS and Components of CAMSS, and Revenues and Growth of segments of the company have been artificially inflated as a result of the reclassification of revenues from non-strategic to strategic to make such revenues eligible for treatment as strategic imperative revenues; (ii) the Company’s current success and positive future growth prospects regarding its strategic imperative business strategy have been fueled by the improper reclassification of revenues from non-strategic to strategic to make such revenues eligible for treatment as corporate income. Strategic Imperative and therefore (iii) the Company misled the market by portraying the financial performance and future prospects of the Company’s Strategic Imperative as more favorable than it actually was due to the improper reclassification of revenues from non-strategic to strategic to make those revenues eligible for treatment as Strategic Imperatives.

WHAT THIS MEANS FOR SHAREHOLDERS: If you have suffered a loss at IBM during the relevant period, you have until June 6, 2022 ask the court to appoint you as the main plaintiff. Your ability to participate in any collection does not require you to serve as the lead plaintiff.

AT NO CHARGE TO YOU: If you are a class member, you may be entitled to compensation without payment of disbursements or costs. Discuss your rights with our legal team at no cost or obligation.

PROTECT YOUR FINANCIAL INTERESTS: Complete this brief submission form https://www.zlk.com/pslra-1/ibm-loss-submission-form?prid=27325&wire=5 or call 212-363-7500 to discuss the case.

WHY LEVI AND KORSINSKY: Over the past 20 years, the Levi & Korsinsky team has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise in representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven consecutive years, Levi & Korsinsky has ranked in the ISS Securities Class Action Services Top 50 Report as one of the top securities litigation firms in the United States.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
55 Broadway, 10th Floor
New York, NY 10006
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/124290

]]>
Trade Alert: Power Corporation of Canada (TSE:POW) Executive Vice President Claude Genereux Just Spent C$216,000 to Buy 28% More Shares https://sweetasabiscuit.com/trade-alert-power-corporation-of-canada-tsepow-executive-vice-president-claude-genereux-just-spent-c216000-to-buy-28-more-shares/ Sun, 15 May 2022 12:37:27 +0000 https://sweetasabiscuit.com/trade-alert-power-corporation-of-canada-tsepow-executive-vice-president-claude-genereux-just-spent-c216000-to-buy-28-more-shares/ Potential Power Corporation of Canada (TSE:POW) Shareholders may want to note that Executive Vice President Claude Genereux recently purchased CA$216,000 worth of stock, paying CA$35.95 for each share. It’s a very solid buy in our book, and has increased their stake by a remarkable 28%. Check out our latest analysis for Power Corporation of Canada […]]]>

Potential Power Corporation of Canada (TSE:POW) Shareholders may want to note that Executive Vice President Claude Genereux recently purchased CA$216,000 worth of stock, paying CA$35.95 for each share. It’s a very solid buy in our book, and has increased their stake by a remarkable 28%.

Check out our latest analysis for Power Corporation of Canada

The last 12 months of insider trading at Power Corporation of Canada

In the past twelve months, the largest single sale by an insider occurred when Vice Chairman of the Board, Amaury-Daniel de Seze, sold C$5.0 million worth of shares at the price of C$42.08 per share. While we generally don’t like to see insider selling, it’s more of a concern if the selling takes place at a lower price. The silver lining is that this sale took place above the last price (CA$34.60). It is therefore difficult to draw a firm conclusion.

Over the past year, we can see that insiders have purchased 98.57,000 shares worth C$2.8 million. On the other hand, they sold 123.34k shares, for 5.2 million Canadian dollars. In total, Power Corporation of Canada insiders have sold more than they have bought over the past year. The average selling price was around CA$42.09. Insider selling does not make us want to buy. But we note that the sale, on average, was well above the recently traded price of C$34.60. The chart below shows insider trading (by companies and individuals) over the past year. By clicking on the graph below, you will be able to see the precise detail of each insider trade!

TSX:POW Insider Trading Volume May 15, 2022

If you’re like me, then you do not want to miss this free list of growing companies insiders are buying.

Insider ownership

I like to look at how many shares insiders own in a company, to help me get a sense of how aligned they are with insiders. Usually, the higher the insider ownership, the more likely insiders will be incentivized to build the company for the long term. It appears that insiders of Power Corporation of Canada own 0.5% of the company, which is worth approximately C$115 million. We have certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest an alignment between insiders and other shareholders.

So what does this data suggest about Power Corporation of Canada insiders?

It is certainly positive to see the recent insider buying. On the other hand, the history of transactions, over the last year, is not so positive. Recent buying by some insiders, along with strong insider ownership, suggests Power Corporation of Canada insiders are quite aligned and optimistic. If you’re like me, you might want to ask yourself if this business will grow or shrink. Luckily you can check this free report showing analysts’ predictions for its future.

But note: Power Corporation of Canada may not be the best stock to buy. So take a look at this free list of interesting companies with high ROE and low debt.

For the purposes of this article, insiders are persons who report their transactions to the relevant regulatory body. We currently record open market transactions and private dispositions, but not derivative transactions.

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts only using unbiased methodology and our articles are not intended to be financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or financial situation. Our goal is to bring you targeted long-term analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price-sensitive companies or qualitative materials. Simply Wall St has no position in the stocks mentioned.

]]>
Corning Natural Gas Holding Corporation Reports Quarterly Results and Provides Argo Merger Update https://sweetasabiscuit.com/corning-natural-gas-holding-corporation-reports-quarterly-results-and-provides-argo-merger-update/ Thu, 12 May 2022 16:56:00 +0000 https://sweetasabiscuit.com/corning-natural-gas-holding-corporation-reports-quarterly-results-and-provides-argo-merger-update/ Enter Wall Street with StreetInsider Premium. Claim your one week free trial here. CORNING, NY, May 12, 2022 (GLOBE NEWSWIRE) — Corning Natural Gas Holding Corporation (OTCQX: CNIG) reported consolidated earnings of $2,407,480 or $0.73 per share for its second quarter ended March 31, 2022. That compares to consolidated earnings of $2,269,001, or $0.69 per […]]]>

Enter Wall Street with StreetInsider Premium. Claim your one week free trial here.


CORNING, NY, May 12, 2022 (GLOBE NEWSWIRE) — Corning Natural Gas Holding Corporation (OTCQX: CNIG) reported consolidated earnings of $2,407,480 or $0.73 per share for its second quarter ended March 31, 2022. That compares to consolidated earnings of $2,269,001, or $0.69 per share for its second quarter ended March 31, 2021. Consolidated earnings for its year-to-date fiscal 2022 were $2,810,707, or $0.87 $ per share, compared to $2,391,109, or $0.74 per share for the same period in 2021. CFO Charles Lenns said, “The increase in company earnings for the second quarter and fiscal year 2022 at this day was due to colder weather in fiscal 2022 and increases in electric and gas rates at Pike County Light & Power. These gains were partially offset by losses on investment income and a loss associated with the disposal of property.

Net earnings for the three months ended March 31, 2022 are not necessarily indicative of expected results for the fiscal year ended September 30, 2022. Quarterly earnings are affected by the highly seasonal nature of the business and weather conditions such than temperature variations.

Corning Natural Gas Holding Corporation provides natural gas and electric service to customers in New York and Pennsylvania through its operating subsidiaries Corning Natural Gas, Pike County Light & Power, and Leatherstocking Gas Company. The process of merging our companies with Argo Infrastructure Partners/ACP Crotana Corporation is proceeding as planned. The Pennsylvania Public Utility Commission gave approval for the Argo acquisition on February 3, 2022, and the New York State Public Service Commission is expected to give final approval in mid to late June 2022. Shareholders will receive letters advising them how to proceed after closing. .

From time to time, Corning Natural Gas Holding Corporation may make forward-looking statements relating to such matters as expected financial performance, business prospects, technological developments, new products and similar matters. The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements. In order to comply with the terms of the safe harbor, Corning Natural Gas Holding Corporation notes that a variety of factors could cause actual results and experiences to differ materially from the anticipated results or other expectations expressed in the forward-looking statements. Investors are cautioned not to place undue reliance on forward-looking statements.

Contact: Julie Lewis / 607-936-3755

main logo

Source: Corning Natural Gas Holding Corp.

]]>
Prothena Corporation PLC (PRTA) is down -11.26% in one week, should you sell? https://sweetasabiscuit.com/prothena-corporation-plc-prta-is-down-11-26-in-one-week-should-you-sell/ Mon, 09 May 2022 17:05:41 +0000 https://sweetasabiscuit.com/prothena-corporation-plc-prta-is-down-11-26-in-one-week-should-you-sell/ Prothena Corporation PLC (PRTA) is at the top of the biotechnology industry according to InvestorsObserver. PRTA received an overall rating of 59, meaning it scores above 59% of all actions. Prothena Corporation PLC also scored 80 in the biotech industry, putting it above 80% of biotech stocks. Biotechnology is ranked 69th out of 148 industries. […]]]>

Prothena Corporation PLC (PRTA) is at the top of the biotechnology industry according to InvestorsObserver. PRTA received an overall rating of 59, meaning it scores above 59% of all actions. Prothena Corporation PLC also scored 80 in the biotech industry, putting it above 80% of biotech stocks. Biotechnology is ranked 69th out of 148 industries.

PRTA has an overall score of 59. Find out what this means for you and get the rest of the rankings on PRTA!

What do these notes mean?

Finding the best stocks can be tricky. It is not easy to compare companies from one sector to another. Even companies that have relatively similar activities can sometimes be difficult to compare. InvestorsObserverThe tools allow for a top-down approach that lets you pick a metric, find the best sector and industry, and then find the best stocks in that sector. This ranking system incorporates many factors used by analysts to compare stocks in more detail. This allows you to find the best stocks available in any industry with relative ease. These percentile-ranked scores using both fundamental and technical analysis provide investors with an easy way to see the attractiveness of specific stocks. Stocks with the highest scores have the best valuations by analysts working on Wall Street.

What’s going on with the shares of Prothena Corporation PLC today?

Shares of Prothena Corporation PLC (PRTA) are trading at $27.18 at 12:58 p.m. on Monday, May 9, down -$2.61, or -8.76% from the previous closing price of 29 $.79. The stock has traded between $26.60 and $29.95 so far today. Volume today is less active than usual. So far, 238,858 shares have been traded against an average volume of 392,777 shares. Click here for the full Prothena Corporation PLC stock report.

Stay in the know

Subscribe to our daily morning update newsletter and never miss market news, moves and more.

Thank you for signing up! You are ready to receive the Morning Update newsletter

]]>
Toyota Motor Corporation (TM) Gains as Market Falls: What You Need to Know https://sweetasabiscuit.com/toyota-motor-corporation-tm-gains-as-market-falls-what-you-need-to-know/ Fri, 06 May 2022 22:15:04 +0000 https://sweetasabiscuit.com/toyota-motor-corporation-tm-gains-as-market-falls-what-you-need-to-know/ Joyota Motor Corporation (TM) closed the last day of trading at $173.30, +1.98% from the previous trading session. The stock topped the S&P 500’s 0.57% daily loss. Meanwhile, the Dow Jones lost 0.3% and the tech-heavy Nasdaq lost 0.26%. Going into today, the company’s shares had lost 2.61% over the past month, outpacing the Auto-Tyres-Trucks […]]]>

Joyota Motor Corporation (TM) closed the last day of trading at $173.30, +1.98% from the previous trading session. The stock topped the S&P 500’s 0.57% daily loss. Meanwhile, the Dow Jones lost 0.3% and the tech-heavy Nasdaq lost 0.26%.

Going into today, the company’s shares had lost 2.61% over the past month, outpacing the Auto-Tyres-Trucks sector’s loss of 14.98% and the S&P 500’s loss of 8. .27% during this period.

Wall Street will be looking for positivity from Toyota Motor Corporation as its next earnings report date nears. In this report, analysts expect Toyota Motor Corporation to post earnings of $2.40 per share. This would mark a year-over-year decline of 53.67%. Our most recent consensus estimate calls for quarterly revenue of $68.2 billion, down 6.02% from the prior year period.

Any recent changes in analyst estimates for Toyota Motor Corporation should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term trading trends. Thus, positive revisions to estimates reflect analysts’ optimism about the company’s business and profitability.

Based on our research, we believe that these estimate revisions are directly related to the team’s close stock movements. Investors can take advantage of this by using the Zacks ranking. This model accounts for these estimation changes and provides a simple and actionable scoring system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive track record of outperformance verified by external audits, with #1 stocks generating an average annual return of +25% since 1988 Over the past 30 days, our consensus EPS projection is down 8.16%. Toyota Motor Corporation currently holds a Zacks rank of #4 (selling).

Digging into the valuation, Toyota Motor Corporation currently has a Forward P/E ratio of 9.22. This represents a premium to its industry average Forward P/E of 7.21.

We can also see that TM currently has a PEG ratio of 0.41. This measure is used in the same way as the famous P/E ratio, but the PEG ratio also takes into account the growth rate of the stock’s expected earnings. Automotive – Foreign had an average PEG ratio of 0.41 at yesterday’s closing price.

The Automotive – Foreign Industry is part of the Auto-Tyres-Trucks sector. This industry currently has a Zacks Industry Rank of 212, which places it in the bottom 17% of all 250+ industries.

The Zacks Industry Ranking assesses the strength of our individual industry groups by measuring the average Zacks Ranking of individual stocks within the groups. Our research shows that the top 50% of industries outperform the bottom half by a factor of 2 to 1.

To follow TM in future trading sessions, be sure to use Zacks.com.

Just Released: Zacks’ 7 Best Stocks For Today

Experts have pulled 7 stocks from the Zacks #1 220 Strong Buys list that have beaten the market more than 2 times with an astonishing average gain of +25.4% per year.

These 7s were selected because of their superior potential for immediate breakout.

See these time-sensitive tickers now >>

Click to get this free report

Toyota Motor Corporation (TM): Free Stock Analysis Report

To read this article on Zacks.com, click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

]]>
IDEX Corporation Adds Precision Agriculture Solutions for Agricultural and Industrial Applications with Completion of KZValve Acquisition https://sweetasabiscuit.com/idex-corporation-adds-precision-agriculture-solutions-for-agricultural-and-industrial-applications-with-completion-of-kzvalve-acquisition/ Mon, 02 May 2022 20:33:02 +0000 https://sweetasabiscuit.com/idex-corporation-adds-precision-agriculture-solutions-for-agricultural-and-industrial-applications-with-completion-of-kzvalve-acquisition/ IDEX Corporation (NYSE: IEX) today announced that it has completed the previously announced acquisition of KZ Valve, LLCstrengthening IDEX’s expertise in providing critical solutions for agriculture and industrial applications. The acquisition augments and expands the current fluid management solutions for the agricultural products market of Banjo Corporation, a unit of IDEX. KZValve designs and manufactures […]]]>

IDEX Corporation (NYSE: IEX) today announced that it has completed the previously announced acquisition of KZ Valve, LLCstrengthening IDEX’s expertise in providing critical solutions for agriculture and industrial applications.

The acquisition augments and expands the current fluid management solutions for the agricultural products market of Banjo Corporation, a unit of IDEX. KZValve designs and manufactures a variety of components for precision agriculture, including sealed motorized valves, manifolds, controllers and other accessories.

“Adding KZValve to our agricultural offerings is part of IDEX’s growth strategy of investing in innovative companies with the tailwinds for secular growth,” said Eric Ashleman, CEO of IDEX. “We look forward to welcoming the KZValve team members to the IDEX family of companies, working together to grow our product portfolio, and empowering OEMs and farmers to produce crops more efficiently and efficiently. to feed the world.”

KZValve is now part of the Agriculture group within the Fluid & Metering Technologies (FMT) segment of IDEX.

About IDEX

IDEX (NYSE: IEX) manufactures thousands of critical products and components that improve everyday life all around you. If you like chocolate, chances are it went through a Viking® internal gear pump at the confectionery. If you’ve ever been in a car accident, rescuers may have used the Hurst Jaws of Life® Rescue Tool to save your life. If your doctor ordered a DNA test to predict your disease risk or determine a treatment, the lab may have used equipment containing components made by IDEX Health & Science. Founded in 1988 with three small, entrepreneurial manufacturing companies, we are proud to say that we now call over 45 diverse companies around the world to be part of the IDEX family. With more than 7,500 employees and manufacturing operations in more than 20 countries, IDEX is a high-performing global company with annual sales of nearly $2.8 billion, committed to creating reliable solutions that improve life. IDEX shares trade on the New York Stock Exchange under the symbol “IEX”.

For more information about IDEX Corporation and its business units, visit the company’s website at www.idexcorp.com.

]]>
Insiders at Barrick Gold Corporation (TSE:ABX) are likely glad they bought last year, as their $33 million investment now stands at $34 million. https://sweetasabiscuit.com/insiders-at-barrick-gold-corporation-tseabx-are-likely-glad-they-bought-last-year-as-their-33-million-investment-now-stands-at-34-million/ Sun, 01 May 2022 13:10:19 +0000 https://sweetasabiscuit.com/insiders-at-barrick-gold-corporation-tseabx-are-likely-glad-they-bought-last-year-as-their-33-million-investment-now-stands-at-34-million/ Insiders who bought Barrick Gold Corporation (EAST: ABX) 12-month equity fans probably aren’t as affected by last week’s 5.1% loss. After factoring in the recent loss, the $33 million worth of stock they bought is now worth $34 million, suggesting a good return on their investment. While we don’t believe shareholders should simply follow insider […]]]>

Insiders who bought Barrick Gold Corporation (EAST: ABX) 12-month equity fans probably aren’t as affected by last week’s 5.1% loss. After factoring in the recent loss, the $33 million worth of stock they bought is now worth $34 million, suggesting a good return on their investment.

While we don’t believe shareholders should simply follow insider trading, we would consider it foolish to ignore insider trading altogether.

Check out our latest analysis for Barrick Gold

Barrick Gold insider trading over the past year

Chairman Dennis Bristow made the biggest insider buy in the past 12 months. This single transaction involved C$5.9 million worth of shares at a price of C$29.66 each. This means that an insider was happy to buy shares above the current price of C$28.65. It is very possible that they regret the purchase, but it is more likely that they are optimistic about the company. For us, it is very important to consider the price that insiders pay for the shares. Generally speaking, it comes to our attention when insiders have bought stocks at higher prices than they are now, as it suggests that they thought the stock was worth buying, even at a higher price.

Fortunately, we note that last year insiders paid C$33 million for 1.19 million shares. But insiders sold 288.97k shares worth C$8.9 million. In total, Barrick Gold insiders bought more than they sold over the past year. You can see insider trading (by companies and individuals) over the past year illustrated in the table below. If you click on the chart, you can see all individual trades including stock price, individual and date!

volume-of-insider-trading

Barrick Gold isn’t the only insider stock to buy. So take a look at this free list of growing companies with insider buying.

Barrick Gold insiders recently bought shares

There have been significantly more insider buying than selling at Barrick Gold over the past three months. Insiders spent C$21 million on stocks. But insiders only sold shares worth C$7.3 million. Insiders have been spending more to buy stocks than they have to sell, so overall we think they’re probably bullish.

Barrick Gold Insider Ownership

Another way to test alignment between a company’s executives and other shareholders is to look at how many shares they own. Usually, the higher the insider ownership, the more likely insiders will be incentivized to build the company for the long term. It’s great to see that Barrick Gold insiders own 0.6% of the company, worth approximately C$318 million. I like to see this level of insider ownership because it increases the chances that management is thinking about the best interests of shareholders.

What could insider trading at Barrick Gold tell us?

It is certainly positive to see the recent insider buying. And longer-term insider trading also gives us confidence. When combined with notable insider ownership, these factors suggest that Barrick Gold insiders are well aligned and most likely believe the stock price is too low. That’s what I like to see! So, while it is useful to know what insiders are doing in terms of buying or selling, it is also useful to know the risks that a particular company faces. Example: we have identified 1 warning sign for Barrick Gold you should be aware.

Sure, you might find a fantastic investment by looking elsewhere. So take a look at this free list of interesting companies.

For the purposes of this article, insiders are persons who report their transactions to the relevant regulatory body. We currently record open market transactions and private dispositions, but not derivative transactions.

Feedback on this article? Concerned about content? Get in touch with us directly. You can also email the editorial team (at) Simplywallst.com.

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts only using unbiased methodology and our articles are not intended to be financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or financial situation. Our goal is to bring you targeted long-term analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price-sensitive companies or qualitative materials. Simply Wall St has no position in the stocks mentioned.

]]>
Webster Financial Corporation declares ordinary and preferred dividends https://sweetasabiscuit.com/webster-financial-corporation-declares-ordinary-and-preferred-dividends/ Thu, 28 Apr 2022 13:16:06 +0000 https://sweetasabiscuit.com/webster-financial-corporation-declares-ordinary-and-preferred-dividends/ STAMFORD, Conn., April 28, 2022 /PRNewswire/ — Webster Financial Corporation (NYSE: WBS), the holding company for Webster BankNA and its HSA Bank division, announced that its board of directors declared a quarterly cash dividend of $0.40 per share on its ordinary shares. The dividend on the common shares will be payable May 27, 2022to shareholders […]]]>

STAMFORD, Conn., April 28, 2022 /PRNewswire/ — Webster Financial Corporation (NYSE: WBS), the holding company for Webster BankNA and its HSA Bank division, announced that its board of directors declared a quarterly cash dividend of $0.40 per share on its ordinary shares.

The dividend on the common shares will be payable May 27, 2022to shareholders registered in May 12, 2022.

On its Series F Preferred Shares, Webster declared a quarterly cash dividend of $328.125 per share ($0.328125 for each Custodian Share, of which 1,000 represents a Series F Preferred Share), payable June 15, 2022to shareholders of record on June 1, 2022.

On its Series G Preferred Shares, Webster declared a quarterly cash dividend of $16.25 per share ($0.40625 for each Custodian Share, 40 of which represent a Series G Preferred Share), payable July 15, 2022to shareholders of record on July 1, 2022.

About Webster
Webster Financial Corporation (NYSE: WBS) is the holding company of Webster Bank, NA and its banking division HSA. Webster is a leading commercial bank in the North East offering a wide range of digital and traditional financial solutions across three distinct business lines: Commercial Banking, Consumer Banking and its HSA Bank division, one of nation’s largest benefits solutions providers. Based at Stamford, ConnecticutWebster is a values-driven organization with $65 billion in assets. Its primary footprint spans the northeastern United States, from New York for Massachusetts, with some companies operating in large geographic areas. Webster Bank is a member of the FDIC and an equal housing lender. For more information about Webster, including past press releases and the latest annual report, visit Webster’s website at www.websterbank.com.

Media Contact:
Alice Ferreira203-578-2610
acferreira@websterbank.com

Investor contacts:
Emlen Harmon212-309-7646
eharmon@websterbank.com

Show original content:https://www.prnewswire.com/news-releases/webster-financial-corporation-declares-common-and-preferred-dividends-301535334.html

SOURCE Webster Financial Corporation

]]>
Tokyo Gas Reaches Share Sale Agreement with Iwatani Corporation https://sweetasabiscuit.com/tokyo-gas-reaches-share-sale-agreement-with-iwatani-corporation/ Wed, 27 Apr 2022 05:08:38 +0000 https://sweetasabiscuit.com/tokyo-gas-reaches-share-sale-agreement-with-iwatani-corporation/ April 27, 2022 Tokyo Gas Reaches Share Sale Agreement with Iwatani society Tokyo Gas Co., Ltd. Tokyo Gas Co., Ltd. (Chairman: UCHIDA Takashi, hereinafter “Tokyo Gas”) has agreed to transfer all interests in Tokyo Gas Energy Co., Ltd. (Chairman: NAKAMURA Hisashi, hereinafter “TG Energy”) (66.6% of outstanding […]]]>







April 27, 2022

Tokyo Gas Reaches Share Sale Agreement with Iwatani

society

Tokyo Gas Co., Ltd.

Tokyo Gas Co., Ltd. (Chairman: UCHIDA Takashi, hereinafter “Tokyo Gas”) has agreed to transfer all interests in Tokyo Gas Energy Co., Ltd. (Chairman: NAKAMURA Hisashi, hereinafter “TG Energy”) (66.6% of outstanding shares) and Tokyo Gas LPG Terminal Co., Ltd. (Chairman: NAKAMURA Hisashi) (49.0% of outstanding shares) held by Tokyo Gas Liquid Holdings Co., Ltd. (Chairman: YASUOKA Satoru) to Iwatani Corporation (Chairman: MAJIMA Hiroshi, hereinafter “Iwatani”), and entered into a share sale agreement with Iwatani. The share transfer agreement is expected to be finalized by June 2022.

Since its founding in 1960, TG Energy has provided complete solutions with liquefied petroleum gas (LPG), a distributed energy, to its customers in the Kanto and Tokyo metropolitan areas. In recent years, while promoting the shift to smart meters, TG Energy has improved the efficiency of logistics networks, contributing to the realization of a sustainable society.

When TG Energy joins the Iwatani Group, which operates the LPG business across Japan, a wide range of synergy effects can be expected, including steady supply of LPG as well as increased business efficiency and logistics. and streamlined business operations, by strengthening the linkage of gas supply, wholesale and sales functions between the two companies. Considering these synergy effects, Tokyo Gas and Iwatani have reached an agreement on this share transfer.

The Tokyo Gas Group will continue to contribute to achieving carbon neutrality, while aiming to build an optimal business portfolio as a leader in promoting the diffusion and expansion of gas-based energy in Japan and abroad.

*Tokyo Gas Energy Co., Ltd. and Tokyo Gas LPG Terminal Co., Ltd. will change their company name following the transfer of shares.

Tokyo Gas Liquid Holdings Co., Ltd.

Activity area

A holding company

Establishment

April 2016

Representing

YASUOKA Satoru

Address

Shiba B-6F Park Building, 2-4-1 Shibakoen, Minato-ku, Tokyo

Number of employees

4*1

Affiliated companies

Tokyo Gas Chemicals Co., Ltd., Tokyo Gas Energy Co., Ltd., Japan Super Freeze Co., Ltd., Gascrew Corporation

Tokyo Gas Energy Co., Ltd.

Activity area

Wholesale of liquefied petroleum gas (LPG) (including distributors), direct sale of LPG (to households, businesses, local authorities and industries), sale of LPG for cars and other businesses ( sale of gas appliances, installation work, etc.) .)

Establishment

February 1960

Representing

NAKAMURA Hisashi

Address

Shiba B-6F Park Building, 2-4-1 Shibakoen, Minato-ku, Tokyo

Number of employees

273*1

Affiliated companies

Enelife Carrier Co., Ltd., Tokyo Auto Gas Co., Ltd., Tokyo Gas LPG Terminal Co., Ltd.

Tokyo Gas LPG Terminal Co., Ltd.

Activity area

LPG Storage and Shipping

Establishment

August 2004

Representing

NAKAMURA Hisashi

Address

Shiba B-6F Park Building, 2-4-1 Shibakoen, Minato-ku, Tokyo

Number of employees

16*1

*1: As of April 2022

Warning

Tokyo Gas Co.Ltd. published this content on April 27, 2022 and is solely responsible for the information contained therein. Distributed by Audienceunedited and unmodified, on April 27, 2022 05:04:17 UTC.

Public now 2022

All news about TOKYO GAS CO., LTD

2022 sales 2,085B
16,368M
16,368M
2022 net income 78,220M
614M
614M
Net debt 2022

PER 2022 ratio 12.9x
2022 return 2.83%
Capitalization 1008B
7,912 million
7,912 million
capi. / Sales 2022 0.48x
capi. / Sales 2023 0.43x
# of employees 16,858
Floating 94.4%

Chart TOKYO GAS CO., LTD


Duration :

Period :




Tokyo Gas Co., Ltd Technical Analysis Chart |  MarketScreener

Trends Technical Analysis TOKYO GAS CO., LTD

Short term Middle term Long term
Tendencies Neutral Bullish Bullish



Evolution of the income statement

To sell

To buy

Medium consensus TO BUY
Number of analysts 5
Last closing price ¥2,293.00
Average target price ¥2,737.50
Average Spread / Target 19.4%


]]>