Hancock Whitney Corp lifted its holdings in shares of Innospec Inc. (NASDAQ:IOSP) by 204.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 18,189 shares of the specialty chemicals company’s stock after acquiring an additional 12,218 shares during the period. Hancock Whitney Corp’s holdings in Innospec were worth $1,881,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Covington Capital Management purchased a new stake in shares of Innospec during the third quarter worth about $25,000. James Investment Research Inc. grew its stake in shares of Innospec by 72.7% during the third quarter. James Investment Research Inc. now owns 950 shares of the specialty chemicals company’s stock worth $85,000 after acquiring an additional 400 shares during the last quarter. Macquarie Group Ltd. purchased a new stake in shares of Innospec during the second quarter worth about $119,000. Convergence Investment Partners LLC purchased a new stake in shares of Innospec during the third quarter worth about $118,000. Finally, Jacobs & Co. CA purchased a new stake in shares of Innospec during the fourth quarter worth about $206,000. Institutional investors and hedge funds own 92.90% of the company’s stock.
A number of equities research analysts recently commented on the company. ValuEngine lowered Innospec from a “sell” rating to a “strong sell” rating in a research report on Friday, January 3rd. BidaskClub upgraded Innospec from a “sell” rating to a “hold” rating in a research report on Friday, January 17th.
Shares of NASDAQ IOSP opened at $104.44 on Friday. The business’s 50 day moving average price is $103.83 and its 200 day moving average price is $95.21. The firm has a market cap of $2.57 billion, a P/E ratio of 19.43 and a beta of 1.25. Innospec Inc. has a 52 week low of $72.83 and a 52 week high of $107.85. The company has a quick ratio of 1.42, a current ratio of 2.27 and a debt-to-equity ratio of 0.18.
Innospec Inc develops, manufactures, blends, markets, and supplies specialty chemicals worldwide. It operates through four segments: Fuel Specialties, Performance Chemicals, Oilfield Services, and Octane Additives. The Fuel Specialties segment offers a range of specialty chemical products used as additives in various fuels.
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