Innospec Inc. (NASDAQ:IOSP) VP Brian Watt sold 3,000 shares of the business’s stock in a transaction dated Wednesday, November 16th. The stock was sold at an average price of $61.30, for a total value of $183,900.00. Following the transaction, the vice president now directly owns 32,089 shares of the company’s stock, valued at approximately $1,967,055.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shares of Innospec Inc. (NASDAQ:IOSP) traded up 0.54% during mid-day trading on Monday, reaching $64.70. The company had a trading volume of 68,434 shares. Innospec Inc. has a 12-month low of $41.61 and a 12-month high of $64.95. The firm has a market capitalization of $1.55 billion, a PE ratio of 17.43 and a beta of 1.32. The stock has a 50 day moving average price of $60.42 and a 200 day moving average price of $54.48.

Innospec (NASDAQ:IOSP) last issued its earnings results on Wednesday, November 2nd. The company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.77 by $0.01. Innospec had a return on equity of 15.53% and a net margin of 10.17%. The business earned $205.50 million during the quarter, compared to the consensus estimate of $232.15 million. During the same quarter last year, the company earned $1.45 EPS. The firm’s revenue was down 19.2% compared to the same quarter last year. On average, equities analysts forecast that Innospec Inc. will post $3.72 earnings per share for the current year.

Insider Buying and Selling by Quarter for Innospec (NASDAQ:IOSP)

The business also recently announced a semiannual dividend, which will be paid on Thursday, November 24th. Shareholders of record on Tuesday, November 15th will be paid a $0.34 dividend. The ex-dividend date of this dividend is Thursday, November 10th. This represents a yield of 1.23%. This is an increase from Innospec’s previous semiannual dividend of $0.33. Innospec’s dividend payout ratio (DPR) is currently 18.38%.

Hedge funds and other institutional investors have recently modified their holdings of the company. Paradigm Capital Management Inc. NY boosted its stake in Innospec by 0.8% in the third quarter. Paradigm Capital Management Inc. NY now owns 9,425 shares of the company’s stock valued at $573,000 after buying an additional 75 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in Innospec by 1.1% in the third quarter. Municipal Employees Retirement System of Michigan now owns 8,330 shares of the company’s stock valued at $507,000 after buying an additional 90 shares during the last quarter. Arizona State Retirement System boosted its stake in Innospec by 0.8% in the second quarter. Arizona State Retirement System now owns 12,400 shares of the company’s stock valued at $570,000 after buying an additional 100 shares during the last quarter. PineBridge Investments L.P. boosted its stake in Innospec by 3.6% in the second quarter. PineBridge Investments L.P. now owns 3,039 shares of the company’s stock valued at $140,000 after buying an additional 106 shares during the last quarter. Finally, BlackRock Advisors LLC boosted its stake in Innospec by 0.4% in the third quarter. BlackRock Advisors LLC now owns 53,854 shares of the company’s stock valued at $3,275,000 after buying an additional 227 shares during the last quarter. Institutional investors and hedge funds own 88.40% of the company’s stock.

IOSP has been the topic of several research reports. Monness Crespi & Hardt upgraded Innospec from a “neutral” rating to a “buy” rating and set a $60.00 price target on the stock in a report on Thursday, August 4th. Zacks Investment Research upgraded Innospec from a “hold” rating to a “buy” rating and set a $66.00 price target on the stock in a report on Saturday, August 6th. Finally, CJS Securities upgraded Innospec from a “market perform” rating to an “outperform” rating and set a $63.00 price target on the stock in a report on Friday, August 5th.

Innospec Company Profile

Innospec Inc develops, manufactures, blends, markets and supplies fuel additives, oilfield chemicals, personal care and fragrance ingredients and other specialty chemicals. The Company operates in three segments: Fuel Specialties, Performance Chemicals and Octane Additives. The Company’s products are sold to oil and gas exploration and production companies, oil refineries, personal care and fragrance companies, and other chemical and industrial companies.

5 Day Chart for NASDAQ:IOSP

Receive News & Stock Ratings for Innospec Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Innospec Inc. and related stocks with our FREE daily email newsletter.