Dimensional Fund Advisors LP Acquires 66,967 Shares of Innospec Inc. $IOSP

Dimensional Fund Advisors LP raised its holdings in Innospec Inc. (NASDAQ:IOSP) by 5.7% in the 1st quarter, HoldingsChannel reports. The fund owned 1,242,089 shares of the specialty chemicals company’s stock after acquiring an additional 66,967 shares during the period. Dimensional Fund Advisors LP’s holdings in Innospec were worth $90,698,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of IOSP. Hantz Financial Services Inc. lifted its holdings in shares of Innospec by 271.0% during the fourth quarter. Hantz Financial Services Inc. now owns 575 shares of the specialty chemicals company’s stock worth $44,000 after purchasing an additional 420 shares during the period. EverSource Wealth Advisors LLC increased its holdings in Innospec by 1,159.5% in the second quarter. EverSource Wealth Advisors LLC now owns 529 shares of the specialty chemicals company’s stock valued at $44,000 after purchasing an additional 487 shares during the period. Allworth Financial LP increased its holdings in Innospec by 31.0% in the third quarter. Allworth Financial LP now owns 588 shares of the specialty chemicals company’s stock valued at $45,000 after purchasing an additional 139 shares during the period. Danske Bank A S bought a new position in Innospec during the 3rd quarter worth $46,000. Finally, Caitong International Asset Management Co. Ltd raised its position in Innospec by 316.4% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 662 shares of the specialty chemicals company’s stock worth $51,000 after purchasing an additional 503 shares during the last quarter. Institutional investors own 96.64% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the company. Zacks Research raised Innospec from a “strong sell” rating to a “hold” rating in a report on Friday, April 24th. Weiss Ratings raised Innospec from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, July 1st. Finally, Wall Street Zen upgraded Innospec from a “hold” rating to a “buy” rating in a research report on Saturday, July 18th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Innospec presently has an average rating of “Hold”.

Innospec Trading Down 1.1%

Shares of Innospec stock opened at $84.95 on Thursday. The business has a 50-day moving average price of $82.72 and a two-hundred day moving average price of $79.33. Innospec Inc. has a 1-year low of $65.51 and a 1-year high of $92.14. The company has a market cap of $2.09 billion, a P/E ratio of 18.51, a PEG ratio of 2.37 and a beta of 0.93.

Innospec (NASDAQ:IOSP) last announced its quarterly earnings data on Friday, May 8th. The specialty chemicals company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.03. Innospec had a return on equity of 9.32% and a net margin of 6.38%.The company had revenue of $453.20 million for the quarter, compared to the consensus estimate of $432.14 million. During the same period in the previous year, the business earned $1.42 EPS. The firm’s revenue was up 2.8% compared to the same quarter last year. Equities research analysts forecast that Innospec Inc. will post 4.84 EPS for the current fiscal year.

Innospec Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, May 29th. Shareholders of record on Tuesday, May 19th were issued a $0.92 dividend. This represents a yield of 239.0%. The ex-dividend date was Tuesday, May 19th. Innospec’s payout ratio is presently 40.09%.

About Innospec

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.