James Investment Research Inc. Reduces Stock Holdings in Innospec Inc. $IOSP

James Investment Research Inc. trimmed its position in shares of Innospec Inc. (NASDAQ:IOSP) by 69.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,015 shares of the specialty chemicals company’s stock after selling 6,934 shares during the period. James Investment Research Inc.’s holdings in Innospec were worth $220,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Dimensional Fund Advisors LP raised its stake in shares of Innospec by 0.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,175,122 shares of the specialty chemicals company’s stock valued at $89,946,000 after buying an additional 8,147 shares during the period. Victory Capital Management Inc. grew its stake in shares of Innospec by 13.7% during the 4th quarter. Victory Capital Management Inc. now owns 950,074 shares of the specialty chemicals company’s stock worth $72,719,000 after acquiring an additional 114,179 shares during the period. State Street Corp grew its stake in shares of Innospec by 2.1% during the 4th quarter. State Street Corp now owns 949,038 shares of the specialty chemicals company’s stock worth $72,639,000 after acquiring an additional 19,915 shares during the period. Millennium Management LLC increased its holdings in Innospec by 10.8% in the 4th quarter. Millennium Management LLC now owns 533,312 shares of the specialty chemicals company’s stock worth $40,820,000 after acquiring an additional 51,824 shares during the last quarter. Finally, Nuveen LLC increased its holdings in Innospec by 22.2% in the 4th quarter. Nuveen LLC now owns 502,603 shares of the specialty chemicals company’s stock worth $38,469,000 after acquiring an additional 91,326 shares during the last quarter. 96.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

IOSP has been the topic of several recent research reports. Wall Street Zen downgraded shares of Innospec from a “buy” rating to a “hold” rating in a report on Saturday, June 27th. Weiss Ratings upgraded shares of Innospec from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday. Finally, Zacks Research raised shares of Innospec from a “strong sell” rating to a “hold” rating in a research report on Friday, April 24th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold”.

Innospec Stock Performance

NASDAQ IOSP opened at $83.10 on Friday. Innospec Inc. has a 52-week low of $65.51 and a 52-week high of $92.14. The company has a market capitalization of $2.05 billion, a P/E ratio of 18.10, a P/E/G ratio of 2.27 and a beta of 0.93. The company has a fifty day moving average of $80.64 and a 200-day moving average of $78.61.

Innospec (NASDAQ:IOSP) last released its earnings results on Friday, May 8th. The specialty chemicals company reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.03. Innospec had a return on equity of 9.32% and a net margin of 6.38%.The business had revenue of $453.20 million for the quarter, compared to analysts’ expectations of $432.14 million. During the same quarter in the prior year, the firm earned $1.42 earnings per share. The firm’s revenue was up 2.8% on a year-over-year basis. As a group, analysts forecast that Innospec Inc. will post 4.8 EPS for the current fiscal year.

Innospec Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, May 29th. Stockholders of record on Tuesday, May 19th were issued a $0.92 dividend. This represents a dividend yield of 239.0%. The ex-dividend date was Tuesday, May 19th. Innospec’s dividend payout ratio is presently 40.09%.

Innospec Company Profile

Innospec Incorporated (NASDAQ: IOSP) is a global specialty chemicals company headquartered in Cleveland, Ohio. The company operates through three principal business segments: Fuel Specialties, Oilfield Services, and Performance Chemicals. In the Fuel Specialties segment, Innospec develops and supplies additives designed to enhance octane levels, improve combustion efficiency, reduce emissions and prevent deposit formation in gasoline and diesel engines. Its Oilfield Services division provides chemical technologies—such as surfactants, corrosion inhibitors and demulsifiers—to support exploration, drilling, production optimization and enhanced oil recovery operations.