Public Employees Retirement System of Ohio Grows Stake in Innospec Inc. $IOSP

Public Employees Retirement System of Ohio increased its position in Innospec Inc. (NASDAQ:IOSP) by 15.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,957 shares of the specialty chemicals company’s stock after purchasing an additional 1,976 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.06% of Innospec worth $1,258,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Tsfg LLC purchased a new position in Innospec during the first quarter valued at $35,000. Caitong International Asset Management Co. Ltd bought a new stake in Innospec during the first quarter valued at about $121,000. Baird Financial Group Inc. lifted its position in shares of Innospec by 11.5% in the first quarter. Baird Financial Group Inc. now owns 2,170 shares of the specialty chemicals company’s stock valued at $206,000 after acquiring an additional 223 shares in the last quarter. Banque Transatlantique SA purchased a new position in shares of Innospec in the first quarter valued at about $196,000. Finally, DRW Securities LLC purchased a new stake in shares of Innospec in the first quarter worth about $221,000. Hedge funds and other institutional investors own 96.64% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on IOSP shares. Wall Street Zen cut Innospec from a “buy” rating to a “hold” rating in a research note on Saturday, September 20th. Weiss Ratings reissued a “sell (d+)” rating on shares of Innospec in a research report on Saturday, September 27th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Innospec currently has an average rating of “Moderate Buy”.

Innospec Stock Up 0.2%

NASDAQ:IOSP opened at $78.78 on Friday. The company has a market cap of $1.96 billion, a price-to-earnings ratio of 101.00 and a beta of 1.04. The company has a fifty day simple moving average of $82.24 and a two-hundred day simple moving average of $86.01. Innospec Inc. has a 52 week low of $74.10 and a 52 week high of $128.35.

Innospec (NASDAQ:IOSP) last released its quarterly earnings data 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 business had revenue of $439.70 million during the quarter, compared to analysts’ expectations of $440.70 million. Innospec had a net margin of 1.08% and a return on equity of 10.89%. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.39 EPS. On average, analysts expect that Innospec Inc. will post 6.18 EPS 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.