3,726 Shares in Innospec Inc. (NASDAQ:IOSP) Acquired by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. purchased a new stake in shares of Innospec Inc. (NASDAQ:IOSP) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 3,726 shares of the specialty chemicals company’s stock, valued at approximately $480,000.

A number of other institutional investors and hedge funds have also bought and sold shares of IOSP. Vanguard Group Inc. boosted its stake in shares of Innospec by 0.4% during the third quarter. Vanguard Group Inc. now owns 2,941,356 shares of the specialty chemicals company’s stock valued at $300,607,000 after purchasing an additional 11,502 shares during the period. Assenagon Asset Management S.A. lifted its stake in Innospec by 71.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 20,278 shares of the specialty chemicals company’s stock worth $2,499,000 after acquiring an additional 8,463 shares during the period. Stonegate Investment Group LLC purchased a new stake in Innospec in the fourth quarter worth $204,000. Ballentine Partners LLC purchased a new stake in Innospec in the fourth quarter worth $269,000. Finally, New York State Teachers Retirement System lifted its position in Innospec by 16.9% during the fourth quarter. New York State Teachers Retirement System now owns 15,110 shares of the specialty chemicals company’s stock valued at $1,862,000 after buying an additional 2,185 shares during the period. 96.64% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, SVP Hardy Louis Griffin III sold 525 shares of Innospec stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $129.78, for a total value of $68,134.50. Following the completion of the sale, the senior vice president now directly owns 4,523 shares in the company, valued at approximately $586,994.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.52% of the stock is owned by corporate insiders.

Innospec Stock Down 1.9 %

Shares of NASDAQ:IOSP traded down $2.44 on Friday, hitting $126.38. 83,110 shares of the company traded hands, compared to its average volume of 121,861. Innospec Inc. has a 52 week low of $95.69 and a 52 week high of $133.71. The stock has a 50 day simple moving average of $126.10 and a 200-day simple moving average of $123.48. The company has a market cap of $3.15 billion, a PE ratio of 21.46 and a beta of 1.10.

Innospec (NASDAQ:IOSP) last issued its quarterly earnings results on Thursday, May 9th. The specialty chemicals company reported $1.75 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.11. Innospec had a return on equity of 14.22% and a net margin of 7.60%. The firm had revenue of $500.20 million during the quarter, compared to the consensus estimate of $508.15 million. As a group, sell-side analysts anticipate that Innospec Inc. will post 6.7 earnings per share for the current year.

Innospec Dividend Announcement

The firm also recently disclosed a Semi-Annual dividend, which was paid on Friday, May 31st. Investors of record on Monday, May 20th were issued a $0.72 dividend. The ex-dividend date was Friday, May 17th. This represents a yield of 1.2%. Innospec’s payout ratio is 25.81%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Innospec from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 10th.

About Innospec

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.