4,500 Shares in Innospec Inc. (NASDAQ:IOSP) Bought by Bailard Inc.

Bailard Inc. acquired a new position in Innospec Inc. (NASDAQ:IOSP - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 4,500 shares of the specialty chemicals company's stock, valued at approximately $426,000.

Other large investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC increased its position in shares of Innospec by 0.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,404,825 shares of the specialty chemicals company's stock valued at $227,352,000 after purchasing an additional 19,018 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Innospec by 20.0% during the 1st quarter. Victory Capital Management Inc. now owns 1,106,482 shares of the specialty chemicals company's stock valued at $104,839,000 after purchasing an additional 184,262 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Innospec by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 692,071 shares of the specialty chemicals company's stock valued at $76,184,000 after purchasing an additional 14,788 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of Innospec by 1.0% during the 4th quarter. Janus Henderson Group PLC now owns 467,938 shares of the specialty chemicals company's stock valued at $51,502,000 after purchasing an additional 4,527 shares during the last quarter. Finally, Brown Advisory Inc. bought a new position in shares of Innospec during the 1st quarter valued at approximately $31,212,000. Institutional investors own 96.64% of the company's stock.

Insider Buying and Selling at Innospec

In other Innospec news, Director Leslie J. Parrette sold 446 shares of the company's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $90.63, for a total value of $40,420.98. Following the completion of the sale, the director directly owned 5,497 shares in the company, valued at approximately $498,193.11. This represents a 7.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.31% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Seaport Res Ptn upgraded Innospec from a "hold" rating to a "strong-buy" rating in a report on Monday, April 21st. Wall Street Zen cut Innospec from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th.

Innospec Stock Down 2.3%

IOSP traded down $1.99 during trading hours on Friday, reaching $83.02. 175,698 shares of the company's stock traded hands, compared to its average volume of 167,982. The firm has a 50-day moving average price of $86.35 and a 200 day moving average price of $95.50. Innospec Inc. has a 52-week low of $80.32 and a 52-week high of $133.53. The firm has a market capitalization of $2.07 billion, a PE ratio of 76.87 and a beta of 1.05.

Innospec (NASDAQ:IOSP - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The specialty chemicals company reported $1.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.40 by $0.02. Innospec had a return on equity of 11.38% and a net margin of 1.51%. The company had revenue of $440.80 million during the quarter, compared to analysts' expectations of $466.50 million. During the same quarter in the previous year, the business earned $1.75 EPS. Innospec's revenue was down 11.9% compared to the same quarter last year. Equities analysts predict that Innospec Inc. will post 6.18 EPS for the current fiscal year.

Innospec Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Friday, May 30th. Shareholders of record on Tuesday, May 20th were issued a $0.84 dividend. This represents a dividend yield of 1.7%. This is a boost from Innospec's previous semi-annual dividend of $0.79. The ex-dividend date was Tuesday, May 20th. Innospec's dividend payout ratio is currently 155.56%.

Innospec Profile

Innospec Inc develops, manufactures, blends, markets, and supplies specialty chemicals in the United States, rest of North America, the United Kingdom, rest of Europe, and internationally. The company's Fuel Specialties segment offers a range of specialty chemical products that are used as additives in additives in diesel, jet, marine, fuel oil and other fuels.