Innospec (NASDAQ:IOSP) SVP Sells $77,757.92 in Stock

Innospec Inc. (NASDAQ:IOSP) SVP David Jones sold 1,028 shares of the company’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $75.64, for a total transaction of $77,757.92. Following the sale, the senior vice president directly owned 14,693 shares of the company’s stock, valued at approximately $1,111,378.52. This trade represents a 6.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Innospec Price Performance

NASDAQ:IOSP opened at $74.22 on Friday. The business’s 50-day moving average is $80.97 and its two-hundred day moving average is $79.03. The firm has a market capitalization of $1.84 billion, a PE ratio of 15.86, a price-to-earnings-growth ratio of 2.03 and a beta of 0.90. Innospec Inc. has a 12 month low of $70.10 and a 12 month high of $102.25.

Innospec (NASDAQ:IOSP) last posted its earnings results on Tuesday, February 17th. The specialty chemicals company reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.24. The business had revenue of $455.60 million during the quarter, compared to analyst estimates of $460.87 million. Innospec had a return on equity of 10.18% and a net margin of 6.56%.The company’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.41 earnings per share. Equities analysts anticipate that Innospec Inc. will post 6.18 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Innospec from a “hold” rating to a “buy” rating in a research note on Saturday, December 13th. Zacks Research downgraded shares of Innospec from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 19th. Finally, Weiss Ratings raised shares of Innospec from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, February 19th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Innospec presently has a consensus rating of “Reduce”.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of IOSP. Western Standard LLC increased its holdings in shares of Innospec by 894.0% in the 4th quarter. Western Standard LLC now owns 268,367 shares of the specialty chemicals company’s stock valued at $20,541,000 after acquiring an additional 241,367 shares during the last quarter. Medina Value Partners LLC bought a new position in Innospec during the third quarter worth $18,206,000. Goldman Sachs Group Inc. boosted its holdings in Innospec by 71.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 484,968 shares of the specialty chemicals company’s stock worth $37,119,000 after purchasing an additional 202,325 shares during the period. Millennium Management LLC increased its stake in Innospec by 8,176.5% during the first quarter. Millennium Management LLC now owns 170,414 shares of the specialty chemicals company’s stock valued at $16,147,000 after purchasing an additional 168,355 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Innospec during the fourth quarter worth $10,654,000. Institutional investors own 96.64% of the company’s stock.

Innospec Company Profile

Innospec Incorporated (NASDAQ: IOSP) is a global specialty chemicals company headquartered in Cleveland, Ohio. The company operates through three principal business segments: Fuel Specialties, Oilfield Services, and Performance Chemicals. In the Fuel Specialties segment, Innospec develops and supplies additives designed to enhance octane levels, improve combustion efficiency, reduce emissions and prevent deposit formation in gasoline and diesel engines. Its Oilfield Services division provides chemical technologies—such as surfactants, corrosion inhibitors and demulsifiers—to support exploration, drilling, production optimization and enhanced oil recovery operations.