Innospec Inc. $IOSP is EntryPoint Capital LLC's 10th Largest Position

Key Points

• EntryPoint Capital LLC increased its stake in Innospec Inc. by 146.9% in the first quarter, now owning over 8,900 shares valued at approximately $846,000.
• Innospec's recent quarterly earnings reported $1.26 EPS, surpassing analysts' estimates, with revenue of $439.70 million reflecting a 1.1% year-over-year increase.
• Despite a positive performance, Wall Street analysts recently downgraded Innospec's stock from a "buy" to a "hold" rating, although it still maintains an average rating of "Strong Buy."

EntryPoint Capital LLC lifted its holdings in shares of Innospec Inc. (NASDAQ:IOSP - Free Report) by 146.9% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 8,932 shares of the specialty chemicals company's stock after acquiring an additional 5,314 shares during the period. Innospec makes up approximately 0.4% of EntryPoint Capital LLC's investment portfolio, making the stock its 10th largest holding. EntryPoint Capital LLC's holdings in Innospec were worth $846,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Nuveen LLC purchased a new position in shares of Innospec in the first quarter worth about $42,966,000. Financial Harvest LLC acquired a new position in Innospec in the 1st quarter worth approximately $41,107,000. Brown Advisory Inc. purchased a new position in Innospec during the 1st quarter worth approximately $31,212,000. Victory Capital Management Inc. lifted its stake in 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 acquiring an additional 184,262 shares during the period. Finally, Westwood Holdings Group Inc. lifted its stake in Innospec by 28.3% during the 1st quarter. Westwood Holdings Group Inc. now owns 382,410 shares of the specialty chemicals company's stock valued at $36,233,000 after acquiring an additional 84,314 shares during the period. 96.64% of the stock is owned by hedge funds and other institutional investors.

Innospec Trading Down 0.2%

IOSP traded down $0.18 during trading on Monday, hitting $86.94. The company's stock had a trading volume of 32,814 shares, compared to its average volume of 201,751. The firm has a market capitalization of $2.16 billion, a price-to-earnings ratio of 110.95 and a beta of 1.07. Innospec Inc. has a twelve month low of $74.10 and a twelve month high of $128.35. The business's fifty day simple moving average is $84.07 and its 200 day simple moving average is $90.25.

Innospec (NASDAQ:IOSP - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The specialty chemicals company reported $1.26 EPS for the quarter, beating the consensus estimate of $1.17 by $0.09. Innospec had a return on equity of 10.89% and a net margin of 1.08%.The firm had revenue of $439.70 million during the quarter, compared to the consensus estimate of $440.70 million. During the same period in the prior year, the company earned $1.39 EPS. The firm's revenue was up 1.1% compared to the same quarter last year. As a group, equities research analysts forecast that Innospec Inc. will post 6.18 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded Innospec from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Strong Buy".

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.