State of New Jersey Common Pension Fund D Sells 6,228 Shares of Innospec Inc. (NASDAQ:IOSP)

State of New Jersey Common Pension Fund D cut its position in shares of Innospec Inc. (NASDAQ:IOSPGet Rating) by 19.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,933 shares of the specialty chemicals company’s stock after selling 6,228 shares during the period. State of New Jersey Common Pension Fund D owned about 0.10% of Innospec worth $2,400,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of IOSP. Victory Capital Management Inc. raised its position in Innospec by 7,529.9% during the 4th quarter. Victory Capital Management Inc. now owns 519,674 shares of the specialty chemicals company’s stock valued at $46,948,000 after purchasing an additional 512,863 shares in the last quarter. Royce & Associates LP raised its position in Innospec by 12.8% during the 4th quarter. Royce & Associates LP now owns 1,351,487 shares of the specialty chemicals company’s stock valued at $122,093,000 after purchasing an additional 153,469 shares in the last quarter. Champlain Investment Partners LLC raised its position in Innospec by 18.0% during the 4th quarter. Champlain Investment Partners LLC now owns 988,195 shares of the specialty chemicals company’s stock valued at $89,274,000 after purchasing an additional 150,615 shares in the last quarter. Telemark Asset Management LLC raised its position in Innospec by 66.7% during the 4th quarter. Telemark Asset Management LLC now owns 250,000 shares of the specialty chemicals company’s stock valued at $22,585,000 after purchasing an additional 100,000 shares in the last quarter. Finally, Wasatch Advisors Inc. raised its position in Innospec by 15.3% during the 4th quarter. Wasatch Advisors Inc. now owns 642,200 shares of the specialty chemicals company’s stock valued at $58,016,000 after purchasing an additional 85,102 shares in the last quarter. 95.48% of the stock is owned by institutional investors.

Innospec Trading Down 2.3 %

Shares of NASDAQ:IOSP opened at $100.64 on Wednesday. Innospec Inc. has a 12-month low of $81.00 and a 12-month high of $106.87. The business’s fifty day simple moving average is $96.86 and its 200-day simple moving average is $95.89. The company has a market capitalization of $2.50 billion, a PE ratio of 23.62 and a beta of 1.14.

Innospec (NASDAQ:IOSPGet Rating) last announced its quarterly earnings results on Tuesday, May 3rd. The specialty chemicals company reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.18 by $0.35. Innospec had a return on equity of 12.87% and a net margin of 6.57%. The business had revenue of $472.40 million for the quarter, compared to the consensus estimate of $397.67 million. During the same period last year, the business posted $1.06 EPS. The business’s revenue was up 39.1% compared to the same quarter last year. Research analysts predict that Innospec Inc. will post 5.59 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Innospec from a “strong-buy” rating to a “buy” rating in a report on Monday, May 9th.

About Innospec

(Get Rating)

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 various fuels.

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Institutional Ownership by Quarter for Innospec (NASDAQ:IOSP)

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