Insider Selling: Richard J. Heckmann Sells 4,558 Shares of Jarden Corp. Stock (JAH)
Jarden Corp. (NYSE:JAH) Director Richard J. Heckmann sold 4,558 shares of Jarden Corp. stock on the open market in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $59.37, for a total transaction of $270,608.46. Following the completion of the transaction, the director now directly owns 86,362 shares of the company’s stock, valued at approximately $5,127,312. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on JAH. Analysts at Deutsche Bank initiated coverage on shares of Jarden Corp. in a research note on Tuesday. They set a “buy” rating and a $70.00 price target on the stock. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Jarden Corp. in a research note on Wednesday, July 30th. They now have a $69.00 price target on the stock, up previously from $67.00. Nine equities research analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and an average price target of $69.22.
Shares of Jarden Corp. (NYSE:JAH) traded up 0.27% during mid-day trading on Friday, hitting $59.79. 534,451 shares of the company’s stock traded hands. Jarden Corp. has a 52-week low of $42.88 and a 52-week high of $64.01. The stock’s 50-day moving average is $57.45 and its 200-day moving average is $58.27. The company has a market cap of $7.665 billion and a P/E ratio of 39.18.
Jarden Corp. (NYSE:JAH) last released its earnings data on Thursday, July 24th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.02. The company had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.97 billion. During the same quarter in the previous year, the company posted $0.88 earnings per share. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. On average, analysts predict that Jarden Corp. will post $3.94 earnings per share for the current fiscal year.
Jarden Corporation (NYSE:JAH) is a global consumer products company.
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