Innospec Inc. $IOSP Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio trimmed its holdings in shares of Innospec Inc. (NASDAQ:IOSP) by 96.6% in the first quarter, Holdings Channel reports. The firm owned 687 shares of the specialty chemicals company’s stock after selling 19,449 shares during the period. Public Employees Retirement System of Ohio’s holdings in Innospec were worth $50,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. CM Management LLC grew its position in Innospec by 66.7% in the fourth quarter. CM Management LLC now owns 20,000 shares of the specialty chemicals company’s stock valued at $1,531,000 after acquiring an additional 8,000 shares in the last quarter. Western Standard LLC grew its position in shares of Innospec by 894.0% during the fourth quarter. Western Standard LLC now owns 268,367 shares of the specialty chemicals company’s stock worth $20,541,000 after buying an additional 241,367 shares in the last quarter. ZWJ Investment Counsel Inc. increased its stake in shares of Innospec by 110.9% in the fourth quarter. ZWJ Investment Counsel Inc. now owns 94,535 shares of the specialty chemicals company’s stock worth $7,236,000 after buying an additional 49,705 shares during the last quarter. First Wilshire Securities Management Inc. raised its holdings in Innospec by 47.2% in the first quarter. First Wilshire Securities Management Inc. now owns 148,072 shares of the specialty chemicals company’s stock valued at $10,812,000 after acquiring an additional 47,498 shares in the last quarter. Finally, Medina Value Partners LLC boosted its stake in Innospec by 60.5% during the 4th quarter. Medina Value Partners LLC now owns 378,769 shares of the specialty chemicals company’s stock valued at $28,991,000 after acquiring an additional 142,813 shares during the last quarter. 96.64% of the stock is currently owned by institutional investors and hedge funds.

Innospec Trading Down 0.5%

Shares of NASDAQ IOSP opened at $91.53 on Friday. Innospec Inc. has a 12-month low of $65.51 and a 12-month high of $94.17. The company has a market cap of $2.25 billion, a PE ratio of 18.68, a P/E/G ratio of 2.47 and a beta of 0.93. The stock has a 50 day simple moving average of $83.59 and a 200-day simple moving average of $79.64.

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. Innospec had a return on equity of 9.22% and a net margin of 6.60%.The firm had revenue of $491.40 million for the quarter, compared to analysts’ expectations of $457.25 million. During the same period last year, the firm earned $1.26 EPS. The firm’s revenue was up 11.8% compared to the same quarter last year. Sell-side analysts forecast that Innospec Inc. will post 4.95 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

IOSP has been the subject of several research analyst reports. Weiss Ratings raised shares of Innospec from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, July 1st. Seaport Research Partners reaffirmed a “buy” rating and issued a $110.00 price target on shares of Innospec in a report on Thursday. Wall Street Zen upgraded shares of Innospec from a “hold” rating to a “buy” rating in a research note on Saturday, July 18th. Finally, Zacks Research raised shares of Innospec from a “strong sell” rating to a “hold” rating in a report on Friday, April 24th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, Innospec presently 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.