Parallel Advisors LLC Sells 130 Shares of Innospec Inc. (NASDAQ:IOSP)

Parallel Advisors LLC lessened its stake in shares of Innospec Inc. (NASDAQ:IOSPFree Report) by 20.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 518 shares of the specialty chemicals company’s stock after selling 130 shares during the period. Parallel Advisors LLC’s holdings in Innospec were worth $64,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. New York State Common Retirement Fund raised its position in Innospec by 9.5% during the third quarter. New York State Common Retirement Fund now owns 10,947 shares of the specialty chemicals company’s stock worth $1,119,000 after acquiring an additional 948 shares in the last quarter. Swiss National Bank lifted its stake in Innospec by 0.7% in the 3rd quarter. Swiss National Bank now owns 54,703 shares of the specialty chemicals company’s stock valued at $5,591,000 after purchasing an additional 400 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Innospec by 4.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 298,635 shares of the specialty chemicals company’s stock worth $30,520,000 after purchasing an additional 12,135 shares during the period. AMG National Trust Bank bought a new position in Innospec during the third quarter worth about $907,000. Finally, State Board of Administration of Florida Retirement System increased its position in Innospec by 1.8% during the third quarter. State Board of Administration of Florida Retirement System now owns 25,367 shares of the specialty chemicals company’s stock worth $2,593,000 after buying an additional 447 shares during the last quarter. 96.64% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com upgraded Innospec from a “buy” rating to a “strong-buy” rating in a research note on Friday, May 10th.

Read Our Latest Stock Report on Innospec

Insider Buying and Selling at Innospec

In other news, SVP Hardy Louis Griffin III sold 525 shares of the stock in a transaction on Monday, May 20th. The stock was sold at an average price of $129.78, for a total value of $68,134.50. Following the completion of the transaction, the senior vice president now directly owns 4,523 shares in the company, valued at approximately $586,994.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.35% of the company’s stock.

Innospec Stock Down 1.3 %

NASDAQ IOSP opened at $129.23 on Friday. The firm has a 50-day moving average price of $125.65 and a two-hundred day moving average price of $121.30. Innospec Inc. has a 12-month low of $95.69 and a 12-month high of $133.71. The company has a market capitalization of $3.22 billion, a P/E ratio of 21.94 and a beta of 1.14.

Innospec (NASDAQ:IOSPGet Free Report) last posted its quarterly earnings results on Thursday, May 9th. The specialty chemicals company reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.11. The business had revenue of $500.20 million for the quarter, compared to analyst estimates of $508.15 million. Innospec had a net margin of 7.60% and a return on equity of 14.22%. Equities analysts expect that Innospec Inc. will post 6.7 EPS for the current year.

Innospec Dividend Announcement

The business also recently disclosed a Semi-Annual dividend, which was paid on Friday, May 31st. Investors of record on Monday, May 20th were paid a $0.72 dividend. This represents a yield of 1.2%. The ex-dividend date was Friday, May 17th. Innospec’s payout ratio is 25.81%.

Innospec Profile

(Free Report)

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.

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Want to see what other hedge funds are holding IOSP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Innospec Inc. (NASDAQ:IOSPFree Report).

Institutional Ownership by Quarter for Innospec (NASDAQ:IOSP)

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