Innospec Inc. (NASDAQ:IOSP) Shares Bought by Invesco Ltd.

Invesco Ltd. lifted its position in Innospec Inc. (NASDAQ:IOSP) by 34.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 280,111 shares of the specialty chemicals company’s stock after acquiring an additional 72,242 shares during the period. Invesco Ltd. owned about 1.14% of Innospec worth $19,465,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in IOSP. Amundi Pioneer Asset Management Inc. increased its position in shares of Innospec by 3.4% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 38,501 shares of the specialty chemicals company’s stock worth $3,209,000 after acquiring an additional 1,273 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Innospec by 61.1% in the fourth quarter. Victory Capital Management Inc. now owns 13,152 shares of the specialty chemicals company’s stock worth $1,360,000 after acquiring an additional 4,986 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of Innospec by 63.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 260 shares of the specialty chemicals company’s stock worth $27,000 after acquiring an additional 101 shares in the last quarter. Bank of Montreal Can increased its position in shares of Innospec by 108.5% in the fourth quarter. Bank of Montreal Can now owns 43,450 shares of the specialty chemicals company’s stock worth $4,495,000 after acquiring an additional 22,614 shares in the last quarter. Finally, Martingale Asset Management L P purchased a new position in Innospec during the fourth quarter valued at approximately $1,087,000. 93.54% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:IOSP opened at $77.25 on Wednesday. The stock has a market cap of $1.85 billion, a P/E ratio of 13.95 and a beta of 1.21. Innospec Inc. has a one year low of $56.71 and a one year high of $107.85. The company has a fifty day moving average price of $75.09 and a 200 day moving average price of $84.61. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.36 and a quick ratio of 1.43.

Innospec (NASDAQ:IOSP) last announced its quarterly earnings results on Tuesday, May 5th. The specialty chemicals company reported $1.42 earnings per share (EPS) for the quarter. Innospec had a net margin of 7.79% and a return on equity of 14.77%. The firm had revenue of $372.30 million for the quarter, compared to analyst estimates of $380.00 million. During the same quarter in the previous year, the firm posted $1.25 EPS. The business’s revenue for the quarter was down 4.1% on a year-over-year basis.

In related news, VP Catherine Hessner sold 2,855 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $77.86, for a total transaction of $222,290.30. Following the transaction, the vice president now owns 17,855 shares in the company, valued at approximately $1,390,190.30. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.42% of the stock is owned by corporate insiders.

IOSP has been the topic of a number of research analyst reports. ValuEngine raised shares of Innospec from a “sell” rating to a “hold” rating in a research report on Monday, March 9th. BidaskClub cut shares of Innospec from a “hold” rating to a “sell” rating in a research note on Saturday, June 13th. Finally, CL King reduced their target price on shares of Innospec from $103.00 to $95.00 and set a “buy” rating for the company in a research note on Wednesday, May 13th.

About Innospec

Innospec Inc develops, manufactures, blends, markets, and supplies specialty chemicals worldwide. It operates through four segments: Fuel Specialties, Performance Chemicals, Oilfield Services, and Octane Additives. The Fuel Specialties segment offers a range of specialty chemical products used as additives in various fuels.

Read More: Example of operating income, EBIT and EBITDA

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Institutional Ownership by Quarter for Innospec (NASDAQ:IOSP)

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