Capstone Investment Advisors LLC Makes New Investment in Innospec Inc. $IOSP

Capstone Investment Advisors LLC purchased a new stake in Innospec Inc. (NASDAQ:IOSP) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 9,993 shares of the specialty chemicals company’s stock, valued at approximately $813,000.

Several other institutional investors have also recently made changes to their positions in IOSP. Meeder Asset Management Inc. bought a new position in shares of Innospec during the 2nd quarter worth about $36,000. Hantz Financial Services Inc. increased its position in Innospec by 271.0% in the 4th quarter. Hantz Financial Services Inc. now owns 575 shares of the specialty chemicals company’s stock valued at $44,000 after buying an additional 420 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in Innospec by 1,159.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 529 shares of the specialty chemicals company’s stock valued at $44,000 after buying an additional 487 shares in the last quarter. Danske Bank A S acquired a new position in Innospec during the 3rd quarter worth approximately $46,000. Finally, Caitong International Asset Management Co. Ltd raised its stake in Innospec by 316.4% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 662 shares of the specialty chemicals company’s stock worth $51,000 after buying an additional 503 shares during the period. Institutional investors and hedge funds own 96.64% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on IOSP. Wall Street Zen raised Innospec from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. Weiss Ratings raised Innospec from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 6th. Finally, Seaport Research Partners reiterated a “buy” rating and issued a $110.00 target price on shares of Innospec in a report on Thursday, August 6th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold”.

Innospec Price Performance

NASDAQ:IOSP opened at $95.38 on Friday. Innospec Inc. has a one year low of $65.51 and a one year high of $96.68. The company has a market cap of $2.35 billion, a PE ratio of 19.47, a PEG ratio of 2.53 and a beta of 0.93. The firm has a 50-day moving average of $87.14 and a 200-day moving average of $80.99.

Innospec (NASDAQ:IOSP) last announced its quarterly earnings results on Tuesday, August 4th. The specialty chemicals company reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.22. The business had revenue of $491.40 million for the quarter, compared to analysts’ expectations of $457.25 million. Innospec had a net margin of 6.60% and a return on equity of 9.22%. The firm’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.26 EPS. On average, equities research analysts expect that Innospec Inc. will post 5.03 earnings per share for the current fiscal year.

Innospec Company Profile

Innospec Incorporated (NASDAQ: IOSP) is a global specialty chemicals company headquartered in Cleveland, Ohio. The company operates through three principal business segments: Fuel Specialties, Oilfield Services, and Performance Chemicals. In the Fuel Specialties segment, Innospec develops and supplies additives designed to enhance octane levels, improve combustion efficiency, reduce emissions and prevent deposit formation in gasoline and diesel engines. Its Oilfield Services division provides chemical technologies—such as surfactants, corrosion inhibitors and demulsifiers—to support exploration, drilling, production optimization and enhanced oil recovery operations.