Vanguard Group Inc. Boosts Stock Holdings in Innospec Inc. $IOSP

Vanguard Group Inc. increased its stake in shares of Innospec Inc. (NASDAQ:IOSP - Free Report) by 0.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,210,768 shares of the specialty chemicals company's stock after purchasing an additional 30,031 shares during the quarter. Vanguard Group Inc. owned approximately 12.78% of Innospec worth $304,220,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Tsfg LLC acquired a new position in Innospec during the 1st quarter worth approximately $35,000. State of Wyoming increased its position in Innospec by 167.0% during the 4th quarter. State of Wyoming now owns 1,976 shares of the specialty chemicals company's stock worth $217,000 after purchasing an additional 1,236 shares in the last quarter. Quantinno Capital Management LP acquired a new position in Innospec during the 4th quarter worth approximately $237,000. Point72 Asset Management L.P. increased its position in Innospec by 27.6% during the 4th quarter. Point72 Asset Management L.P. now owns 2,425 shares of the specialty chemicals company's stock worth $267,000 after purchasing an additional 525 shares in the last quarter. Finally, Lido Advisors LLC acquired a new position in Innospec during the 4th quarter worth approximately $272,000. 96.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Innospec Stock Up 0.5%

Innospec stock traded up $0.4350 during mid-day trading on Thursday, hitting $84.0850. 32,152 shares of the stock were exchanged, compared to its average volume of 202,641. Innospec Inc. has a 12 month low of $74.10 and a 12 month high of $128.35. The firm's fifty day simple moving average is $84.09 and its two-hundred day simple moving average is $90.94. The stock has a market capitalization of $2.09 billion, a price-to-earnings ratio of 107.74 and a beta of 1.07.

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

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.