Innospec Inc. $IOSP Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC reduced its position in shares of Innospec Inc. (NASDAQ:IOSP) by 11.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 133,272 shares of the specialty chemicals company’s stock after selling 17,579 shares during the period. Janus Henderson Group PLC’s holdings in Innospec were worth $9,732,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Hantz Financial Services Inc. raised its holdings in shares of Innospec by 271.0% in the 4th quarter. Hantz Financial Services Inc. now owns 575 shares of the specialty chemicals company’s stock valued at $44,000 after buying an additional 420 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Innospec by 1,159.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 529 shares of the specialty chemicals company’s stock valued at $44,000 after acquiring an additional 487 shares during the period. Danske Bank A S purchased a new position in Innospec during the 3rd quarter valued at about $46,000. Caitong International Asset Management Co. Ltd grew its position in Innospec by 316.4% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 662 shares of the specialty chemicals company’s stock valued at $51,000 after acquiring an additional 503 shares in the last quarter. Finally, Rockefeller Capital Management L.P. grew its position in Innospec by 125.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 728 shares of the specialty chemicals company’s stock valued at $56,000 after acquiring an additional 405 shares in the last quarter. 96.64% of the stock is owned by institutional investors and hedge funds.

Innospec Trading Up 6.1%

Shares of IOSP stock opened at $91.96 on Thursday. The firm has a fifty day moving average price of $83.41 and a 200 day moving average price of $79.56. The company has a market cap of $2.26 billion, a P/E ratio of 18.77, a PEG ratio of 2.39 and a beta of 0.93. Innospec Inc. has a 12 month low of $65.51 and a 12 month high of $93.34.

Innospec (NASDAQ:IOSP) last posted its earnings results on Tuesday, August 4th. The specialty chemicals company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.05 by $0.22. The firm had revenue of $491.40 million for the quarter, compared to analyst estimates of $457.25 million. Innospec had a return on equity of 9.25% and a net margin of 6.60%.Innospec’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.26 earnings per share. On average, equities analysts forecast that Innospec Inc. will post 4.84 EPS for the current year.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Weiss Ratings upgraded shares of Innospec from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, July 1st. Zacks Research upgraded shares of Innospec from a “strong sell” rating to a “hold” rating in a report on Friday, April 24th. Finally, Wall Street Zen raised shares of Innospec from a “hold” rating to a “buy” rating in a research note on Saturday, July 18th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

About Innospec

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.