Innospec Inc. $IOSP Shares Sold by State of Wyoming

State of Wyoming decreased its holdings in shares of Innospec Inc. (NASDAQ:IOSP) by 68.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 628 shares of the specialty chemicals company’s stock after selling 1,348 shares during the period. State of Wyoming’s holdings in Innospec were worth $60,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Tsfg LLC purchased a new stake in Innospec in the 1st quarter valued at approximately $35,000. Caitong International Asset Management Co. Ltd purchased a new stake in Innospec in the 1st quarter valued at approximately $121,000. Quantinno Capital Management LP purchased a new stake in Innospec in the 4th quarter valued at approximately $237,000. R Squared Ltd purchased a new stake in Innospec in the 1st quarter valued at approximately $262,000. Finally, Point72 Asset Management L.P. boosted its holdings in Innospec by 27.6% in the 4th quarter. Point72 Asset Management L.P. now owns 2,425 shares of the specialty chemicals company’s stock valued at $267,000 after purchasing an additional 525 shares in the last quarter. 96.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised Innospec from a “hold” rating to a “buy” rating in a report on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Strong Buy”.

Innospec Stock Performance

IOSP stock opened at $83.55 on Wednesday. Innospec Inc. has a 1 year low of $74.10 and a 1 year high of $128.35. The stock’s 50 day moving average price is $84.66 and its 200 day moving average price is $88.55. The firm has a market cap of $2.07 billion, a P/E ratio of 107.12 and a beta of 1.11.

Innospec (NASDAQ:IOSP) last posted its earnings results on Tuesday, August 5th. The specialty chemicals company reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $440.70 million. During the same quarter in the prior year, the company earned $1.39 EPS. Innospec’s revenue was up 1.1% on a year-over-year basis. On average, research analysts predict that Innospec Inc. will post 6.18 earnings per share for the current year.

Innospec Company 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.