Dimensional Fund Advisors LP cut its stake in shares of Innospec Inc. (NASDAQ:IOSP) by 0.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,348,084 shares of the specialty chemicals company’s stock after selling 523 shares during the period. Dimensional Fund Advisors LP owned 5.59% of Innospec worth $88,366,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in IOSP. Comerica Bank grew its stake in shares of Innospec by 4.5% during the 1st quarter. Comerica Bank now owns 26,662 shares of the specialty chemicals company’s stock valued at $1,774,000 after buying an additional 1,139 shares during the period. UBS Asset Management Americas Inc. grew its stake in shares of Innospec by 28.1% during the 1st quarter. UBS Asset Management Americas Inc. now owns 14,097 shares of the specialty chemicals company’s stock valued at $913,000 after buying an additional 3,091 shares during the period. Karp Capital Management Corp purchased a new stake in shares of Innospec during the 1st quarter valued at $419,000. Sei Investments Co. grew its stake in shares of Innospec by 2.7% during the 1st quarter. Sei Investments Co. now owns 18,407 shares of the specialty chemicals company’s stock valued at $1,192,000 after buying an additional 479 shares during the period. Finally, State of Tennessee Treasury Department grew its stake in shares of Innospec by 17.8% during the 1st quarter. State of Tennessee Treasury Department now owns 22,676 shares of the specialty chemicals company’s stock valued at $1,468,000 after buying an additional 3,422 shares during the period. 90.74% of the stock is owned by institutional investors.

Several analysts have recently issued reports on IOSP shares. BidaskClub cut shares of Innospec from a “hold” rating to a “sell” rating in a research note on Thursday, June 22nd. Zacks Investment Research cut shares of Innospec from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 12th. ValuEngine cut shares of Innospec from a “buy” rating to a “hold” rating in a research report on Monday, August 7th. Finally, Monness Crespi & Hardt raised shares of Innospec from a “neutral” rating to a “buy” rating and set a $65.00 price target for the company in a research report on Tuesday, August 22nd.

Shares of Innospec Inc. (NASDAQ IOSP) opened at 62.40 on Friday. Innospec Inc. has a 12 month low of $54.10 and a 12 month high of $74.75. The stock has a market capitalization of $1.51 billion, a PE ratio of 19.87 and a beta of 1.18. The company’s 50-day moving average is $57.50 and its 200-day moving average is $62.11.

Innospec (NASDAQ:IOSP) last announced its quarterly earnings results on Tuesday, August 8th. The specialty chemicals company reported $1.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.08. Innospec had a net margin of 7.22% and a return on equity of 14.77%. The company had revenue of $326.30 million for the quarter. Equities research analysts expect that Innospec Inc. will post $4.28 earnings per share for the current fiscal year.

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Innospec Company Profile

Innospec Inc is a specialty chemicals company engaged in developing, manufacturing, blending, marketing and supplying of specialty chemicals for use as fuel additives and ingredients for personal care, home care, agrochemical, mining and other applications and oilfield chemicals. The Company operates through four business segments: Fuel Specialties, Performance Chemicals, Oilfield Services and Octane Additives.

Institutional Ownership by Quarter for Innospec (NASDAQ:IOSP)

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