Allspring Global Investments Holdings LLC Sells 19,963 Shares of Innospec Inc. (NASDAQ:IOSP)

Allspring Global Investments Holdings LLC cut its stake in shares of Innospec Inc. (NASDAQ:IOSP) by 0.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,385,807 shares of the specialty chemicals company’s stock after selling 19,963 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 9.57% of Innospec worth $256,808,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of IOSP. Pacer Advisors Inc. acquired a new stake in shares of Innospec in the 4th quarter valued at about $53,457,000. KBC Group NV increased its holdings in shares of Innospec by 82.3% during the fourth quarter. KBC Group NV now owns 1,236 shares of the specialty chemicals company’s stock valued at $136,000 after acquiring an additional 558 shares in the last quarter. Blue Trust Inc. raised its position in shares of Innospec by 54.2% during the fourth quarter. Blue Trust Inc. now owns 1,201 shares of the specialty chemicals company’s stock worth $136,000 after purchasing an additional 422 shares during the period. Ballentine Partners LLC lifted its holdings in shares of Innospec by 11.0% in the 4th quarter. Ballentine Partners LLC now owns 2,968 shares of the specialty chemicals company’s stock worth $327,000 after purchasing an additional 295 shares in the last quarter. Finally, ZWJ Investment Counsel Inc. grew its position in Innospec by 0.6% in the 4th quarter. ZWJ Investment Counsel Inc. now owns 43,426 shares of the specialty chemicals company’s stock valued at $4,779,000 after purchasing an additional 279 shares during the period. 96.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Innospec from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 11th.

Innospec Stock Performance

IOSP stock opened at $111.60 on Wednesday. The business has a 50-day simple moving average of $112.41 and a two-hundred day simple moving average of $113.30. The company has a market capitalization of $2.78 billion, a P/E ratio of 19.48 and a beta of 1.09. Innospec Inc. has a 52-week low of $103.65 and a 52-week high of $133.71.

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.