Innospec Inc. $IOSP Holdings Trimmed by Leeward Investments LLC MA

Leeward Investments LLC MA lowered its position in shares of Innospec Inc. (NASDAQ:IOSP) by 3.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 73,734 shares of the specialty chemicals company’s stock after selling 2,705 shares during the quarter. Leeward Investments LLC MA’s holdings in Innospec were worth $6,200,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Principal Financial Group Inc. boosted its stake in Innospec by 2.4% during the first quarter. Principal Financial Group Inc. now owns 132,493 shares of the specialty chemicals company’s stock valued at $12,554,000 after buying an additional 3,045 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in Innospec during the second quarter valued at about $345,000. American Century Companies Inc. lifted its holdings in shares of Innospec by 27.7% during the first quarter. American Century Companies Inc. now owns 47,545 shares of the specialty chemicals company’s stock valued at $4,505,000 after purchasing an additional 10,309 shares during the last quarter. Voya Investment Management LLC lifted its holdings in shares of Innospec by 63.2% during the first quarter. Voya Investment Management LLC now owns 327,289 shares of the specialty chemicals company’s stock valued at $31,011,000 after purchasing an additional 126,750 shares during the last quarter. Finally, Intech Investment Management LLC lifted its holdings in shares of Innospec by 30.7% during the first quarter. Intech Investment Management LLC now owns 22,023 shares of the specialty chemicals company’s stock valued at $2,087,000 after purchasing an additional 5,178 shares during the last quarter. Institutional investors own 96.64% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on IOSP. Wall Street Zen downgraded Innospec from a “buy” rating to a “hold” rating in a report on Sunday, October 19th. Weiss Ratings downgraded Innospec from a “hold (c-)” rating to a “sell (d+)” rating in a report on Saturday. Finally, Zacks Research raised Innospec from a “strong sell” rating to a “hold” rating in a report on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Innospec Trading Up 0.9%

Shares of Innospec stock opened at $76.31 on Monday. The stock has a 50-day moving average price of $80.55 and a 200 day moving average price of $84.18. The company has a market cap of $1.89 billion, a P/E ratio of 97.83 and a beta of 1.04. Innospec Inc. has a 1 year low of $73.39 and a 1 year high of $128.35.

Innospec (NASDAQ:IOSP) last announced its quarterly earnings data on Tuesday, August 5th. The specialty chemicals company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.09. The firm had revenue of $439.70 million during the quarter, compared to the consensus estimate of $440.70 million. Innospec had a return on equity of 10.89% and a net margin of 1.08%.The business’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.39 EPS. On average, equities analysts forecast that Innospec Inc. will post 6.18 earnings per share for the current fiscal year.

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.