Intech Investment Management LLC Has $3.95 Million Stock Position in Innospec Inc. $IOSP

Intech Investment Management LLC lifted its holdings in shares of Innospec Inc. (NASDAQ:IOSP) by 139.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 51,556 shares of the specialty chemicals company’s stock after buying an additional 30,023 shares during the period. Intech Investment Management LLC owned about 0.21% of Innospec worth $3,946,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of IOSP. Allworth Financial LP increased its holdings in Innospec by 31.0% in the 3rd quarter. Allworth Financial LP now owns 588 shares of the specialty chemicals company’s stock worth $45,000 after purchasing an additional 139 shares in the last quarter. State of Wyoming increased its holdings in Innospec by 27.5% in the 2nd quarter. State of Wyoming now owns 801 shares of the specialty chemicals company’s stock worth $67,000 after purchasing an additional 173 shares in the last quarter. California State Teachers Retirement System increased its holdings in Innospec by 0.8% in the 2nd quarter. California State Teachers Retirement System now owns 23,062 shares of the specialty chemicals company’s stock worth $1,939,000 after purchasing an additional 179 shares in the last quarter. Franklin Resources Inc. increased its holdings in Innospec by 0.7% in the 3rd quarter. Franklin Resources Inc. now owns 27,868 shares of the specialty chemicals company’s stock worth $2,150,000 after purchasing an additional 196 shares in the last quarter. Finally, Amundi increased its holdings in Innospec by 5.0% in the 3rd quarter. Amundi now owns 4,490 shares of the specialty chemicals company’s stock worth $354,000 after purchasing an additional 214 shares in the last quarter. Institutional investors and hedge funds own 96.64% of the company’s stock.

Innospec Price Performance

Shares of Innospec stock opened at $81.93 on Tuesday. Innospec Inc. has a one year low of $65.51 and a one year high of $92.14. The stock’s 50-day moving average is $76.32 and its 200 day moving average is $77.26. The firm has a market cap of $2.02 billion, a price-to-earnings ratio of 17.85, a PEG ratio of 2.31 and a beta of 0.92.

Innospec (NASDAQ:IOSP) last announced its earnings results on Friday, May 8th. The specialty chemicals company reported $1.05 EPS for the quarter, beating the consensus estimate of $1.02 by $0.03. The company had revenue of $453.20 million for the quarter, compared to analyst estimates of $432.14 million. Innospec had a return on equity of 9.32% and a net margin of 6.38%.The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.42 EPS. On average, sell-side analysts expect that Innospec Inc. will post 4.8 EPS for the current fiscal year.

Innospec Announces Dividend

The business also recently declared 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 dividend payout ratio (DPR) is presently 40.09%.

Analysts Set New Price Targets

A number of equities analysts have issued reports 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 report on Friday. Finally, Wall Street Zen cut Innospec from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

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.