Olivier Puech, the EVP & President, LatAm & EMEA of American Tower Corp (AMT, Financial), executed a sale of 18,989 shares of the company on September 3, 2024. The transaction was filed on the same day through an SEC Filing. Following this transaction, the insider now owns 22,769 shares of American Tower Corp.
American Tower Corp is a global leader in wireless and broadcast communications infrastructure. The company owns, operates, and develops multitenant communications real estate, with a significant presence in major markets across the world.
Over the past year, Olivier Puech has sold a total of 38,982 shares of American Tower Corp and has not made any purchases of the stock. This recent sale is part of a broader trend observed within the company, where there have been 16 insider sells and no insider buys over the past year.
On the date of the recent transaction, shares of American Tower Corp were trading at $230, valuing the company at a market cap of $109.13 billion. The price-earnings ratio of the company stands at 43.92, which is above the industry median of 17.05.
The stock's valuation according to the GF Value is set at $220.22, leading to a price-to-GF-Value ratio of 1.04, indicating that the stock is Fairly Valued. The GF Value is derived from historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This insider sale could be of interest to investors tracking insider behaviors and evaluating the stock's current valuation metrics such as the price-sales ratio, price-book ratio, and price-to-free cash flow.
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.
