Point72 Asia Singapore Pte. Ltd. Boosts Stock Holdings in Innospec Inc. (NASDAQ:IOSP)

Point72 Asia Singapore Pte. Ltd. lifted its holdings in shares of Innospec Inc. (NASDAQ:IOSP) by 150.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,364 shares of the specialty chemicals company’s stock after buying an additional 1,420 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in Innospec were worth $267,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Inspire Advisors LLC lifted its position in shares of Innospec by 1.6% during the second quarter. Inspire Advisors LLC now owns 6,819 shares of the specialty chemicals company’s stock worth $843,000 after acquiring an additional 110 shares in the last quarter. Arizona State Retirement System grew its holdings in Innospec by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 6,962 shares of the specialty chemicals company’s stock valued at $860,000 after buying an additional 128 shares in the last quarter. Texas Permanent School Fund Corp increased its position in shares of Innospec by 0.6% during the second quarter. Texas Permanent School Fund Corp now owns 21,891 shares of the specialty chemicals company’s stock valued at $2,706,000 after buying an additional 129 shares during the period. Raymond James Trust N.A. lifted its holdings in shares of Innospec by 7.9% in the third quarter. Raymond James Trust N.A. now owns 2,106 shares of the specialty chemicals company’s stock worth $238,000 after buying an additional 155 shares in the last quarter. Finally, Evergreen Capital Management LLC lifted its holdings in shares of Innospec by 8.6% in the second quarter. Evergreen Capital Management LLC now owns 2,421 shares of the specialty chemicals company’s stock worth $299,000 after buying an additional 192 shares in the last quarter. 96.64% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Innospec from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 8th.

Insider Activity

In other news, Director Milton C. Blackmore sold 1,035 shares of the company’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $122.92, for a total value of $127,222.20. Following the completion of the transaction, the director now directly owns 9,028 shares in the company, valued at approximately $1,109,721.76. This represents a 10.29 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.35% of the company’s stock.

Innospec Stock Performance

Shares of IOSP stock opened at $119.45 on Wednesday. The company has a market capitalization of $2.98 billion, a PE ratio of 20.85 and a beta of 1.09. Innospec Inc. has a 52-week low of $103.97 and a 52-week high of $133.71. The business’s fifty day moving average is $114.81 and its 200 day moving average is $118.08.

Innospec (NASDAQ:IOSP) last issued its quarterly earnings results on Tuesday, November 5th. The specialty chemicals company reported $1.35 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.35. The firm had revenue of $443.40 million during the quarter, compared to the consensus estimate of $442.13 million. Innospec had a return on equity of 13.33% and a net margin of 7.68%. The company’s revenue for the quarter was down 4.5% on a year-over-year basis. During the same quarter last year, the company posted $1.59 EPS. On average, sell-side analysts forecast that Innospec Inc. will post 5.88 EPS for the current fiscal year.

Innospec Increases Dividend

The business also recently declared a Semi-Annual dividend, which was paid on Tuesday, November 26th. Stockholders of record on Monday, November 18th were issued a $0.79 dividend. This is a positive change from Innospec’s previous Semi-Annual dividend of $0.72. The ex-dividend date of this dividend was Monday, November 18th. This represents a dividend yield of 1.3%. Innospec’s dividend payout ratio is presently 27.57%.

Innospec Company Profile

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.