Innospec Inc. (NASDAQ:IOSP) Holdings Raised by Westwood Holdings Group Inc.
Westwood Holdings Group Inc. raised its position in Innospec Inc. (NASDAQ:IOSP) by 0.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 390,056 shares of the specialty chemicals company’s stock after purchasing an additional 1,216 shares during the period. Westwood Holdings Group Inc.’s holdings in Innospec were worth $32,511,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Avestar Capital LLC purchased a new position in shares of Innospec in the 1st quarter valued at $66,000. LS Investment Advisors LLC grew its position in Innospec by 173.5% during the 4th quarter. LS Investment Advisors LLC now owns 1,972 shares of the specialty chemicals company’s stock worth $122,000 after purchasing an additional 1,251 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Innospec by 27.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,986 shares of the specialty chemicals company’s stock worth $123,000 after purchasing an additional 428 shares during the last quarter. US Bancorp DE grew its position in Innospec by 54.6% during the 1st quarter. US Bancorp DE now owns 1,764 shares of the specialty chemicals company’s stock worth $147,000 after purchasing an additional 623 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its position in Innospec by 74.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,357 shares of the specialty chemicals company’s stock worth $197,000 after purchasing an additional 1,007 shares during the last quarter. 93.34% of the stock is currently owned by institutional investors.
In other news, CEO Patrick Williams sold 6,525 shares of the firm’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $83.18, for a total value of $542,749.50. Following the completion of the sale, the chief executive officer now owns 186,579 shares in the company, valued at approximately $15,519,641.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Catherine Hessner sold 2,000 shares of the firm’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $83.64, for a total transaction of $167,280.00. Following the completion of the sale, the vice president now owns 20,923 shares of the company’s stock, valued at approximately $1,749,999.72. The disclosure for this sale can be found here. Insiders sold a total of 10,825 shares of company stock valued at $898,986 in the last 90 days. Company insiders own 1.62% of the company’s stock.
Shares of IOSP stock traded up $0.36 during mid-day trading on Wednesday, hitting $85.16. The stock had a trading volume of 3,989 shares, compared to its average volume of 93,286. Innospec Inc. has a fifty-two week low of $53.07 and a fifty-two week high of $88.84. The stock has a market capitalization of $2.07 billion, a PE ratio of 17.57 and a beta of 1.27. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.45 and a current ratio of 2.28.
Innospec (NASDAQ:IOSP) last released its earnings results on Tuesday, May 7th. The specialty chemicals company reported $1.25 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.18 by $0.07. Innospec had a net margin of 6.08% and a return on equity of 14.92%. The company had revenue of $388.30 million during the quarter. During the same quarter last year, the business posted $1.02 EPS. The firm’s revenue was up 7.7% on a year-over-year basis. Equities analysts forecast that Innospec Inc. will post 5.15 earnings per share for the current fiscal year.
The company also recently announced a Semi-Annual dividend, which was paid on Thursday, May 30th. Stockholders of record on Tuesday, May 21st were paid a $0.50 dividend. This represents a dividend yield of 1.18%. The ex-dividend date of this dividend was Monday, May 20th. Innospec’s dividend payout ratio (DPR) is presently 20.70%.
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Innospec Company Profile
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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