Innospec Inc. $IOSP Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA lowered its position in shares of Innospec Inc. (NASDAQ:IOSP) by 5.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 118,035 shares of the specialty chemicals company’s stock after selling 7,273 shares during the quarter. Leeward Investments LLC MA’s holdings in Innospec were worth $11,251,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Signaturefd LLC grew its position in shares of Innospec by 61.8% in the 3rd quarter. Signaturefd LLC now owns 1,252 shares of the specialty chemicals company’s stock worth $119,000 after acquiring an additional 478 shares in the last quarter. Root Financial Partners LLC bought a new stake in shares of Innospec in the 3rd quarter valued at approximately $30,000. Nisa Investment Advisors LLC raised its position in shares of Innospec by 44.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,312 shares of the specialty chemicals company’s stock valued at $220,000 after acquiring an additional 711 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of Innospec by 17.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 319,633 shares of the specialty chemicals company’s stock valued at $30,467,000 after acquiring an additional 46,851 shares in the last quarter. Finally, ZWJ Investment Counsel Inc. lifted its stake in Innospec by 5.9% during the third quarter. ZWJ Investment Counsel Inc. now owns 114,933 shares of the specialty chemicals company’s stock worth $10,955,000 after purchasing an additional 6,431 shares during the last quarter. Institutional investors and hedge funds own 96.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Wall Street Zen downgraded shares of Innospec from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 26th. Seaport Research Partners reissued a “buy” rating and set a $110.00 target price on shares of Innospec in a report on Thursday, August 6th. Finally, Weiss Ratings upgraded shares of Innospec from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. Two analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Innospec Price Performance

Shares of IOSP stock opened at $98.64 on Monday. The business has a 50 day moving average of $95.37 and a two-hundred day moving average of $86.64. Innospec Inc. has a 52 week low of $65.51 and a 52 week high of $100.48. The company has a market cap of $2.43 billion, a P/E ratio of 20.13, a PEG ratio of 2.63 and a beta of 0.90.

Innospec (NASDAQ:IOSP) last posted its earnings results on Tuesday, August 4th. The specialty chemicals company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.05 by $0.22. The company had revenue of $491.40 million during the quarter, compared to analyst estimates of $457.25 million. Innospec had a return on equity of 9.22% and a net margin of 6.60%. The business’s revenue was up 11.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.26 earnings per share. Analysts expect that Innospec Inc. will post 5.01 EPS for the current fiscal year.

Innospec Profile

Innospec Inc (NASDAQ: IOSP) is a global specialty chemicals company that develops, manufactures and markets products used in the fuel, oilfield, personal care and industrial markets. The company serves customers through a portfolio of chemical additives, formulations and technical services designed to improve product performance, efficiency and reliability.

Innospec operates through businesses focused on fuel specialties, performance chemicals and oilfield services. Its fuel-related products include fuel additives for gasoline, diesel, marine and other applications, including detergents, lubricity improvers, cetane improvers and other performance-enhancing formulations.