Innospec Inc. (NASDAQ:IOSP)’s share price hit a new 52-week high on Friday . The company traded as high as $96.50 and last traded at $96.36, with a volume of 753 shares changing hands. The stock had previously closed at $94.48.

IOSP has been the subject of a number of research analyst reports. ValuEngine lowered Innospec from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Zacks Investment Research lowered Innospec from a “buy” rating to a “hold” rating in a research report on Saturday, July 13th. BidaskClub lowered Innospec from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Finally, CL King initiated coverage on Innospec in a research report on Wednesday, September 4th. They set a “buy” rating and a $95.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $90.67.

The stock has a market cap of $2.23 billion, a PE ratio of 20.02 and a beta of 1.33. The stock has a 50-day moving average price of $87.41 and a two-hundred day moving average price of $85.71. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.14 and a quick ratio of 1.32.

Innospec (NASDAQ:IOSP) last issued its quarterly earnings data on Tuesday, August 6th. The specialty chemicals company reported $1.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.02. The firm had revenue of $362.40 million during the quarter, compared to analyst estimates of $371.20 million. Innospec had a return on equity of 15.11% and a net margin of 6.10%. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.80 earnings per share.

In related news, VP Brian Watt sold 3,000 shares of Innospec stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $84.16, for a total value of $252,480.00. Following the completion of the transaction, the vice president now owns 27,888 shares in the company, valued at $2,347,054.08. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.62% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its position in Innospec by 3.6% in the first quarter. BlackRock Inc. now owns 4,135,907 shares of the specialty chemicals company’s stock worth $344,728,000 after acquiring an additional 142,191 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of Innospec by 3.3% during the second quarter. Wells Fargo & Company MN now owns 1,220,629 shares of the specialty chemicals company’s stock valued at $111,370,000 after buying an additional 38,961 shares during the period. Champlain Investment Partners LLC boosted its position in shares of Innospec by 2.1% during the first quarter. Champlain Investment Partners LLC now owns 927,470 shares of the specialty chemicals company’s stock valued at $77,305,000 after buying an additional 18,840 shares during the period. Northern Trust Corp boosted its position in shares of Innospec by 7.6% during the second quarter. Northern Trust Corp now owns 556,229 shares of the specialty chemicals company’s stock valued at $50,751,000 after buying an additional 39,519 shares during the period. Finally, Janus Henderson Group PLC boosted its position in shares of Innospec by 103.1% during the second quarter. Janus Henderson Group PLC now owns 420,997 shares of the specialty chemicals company’s stock valued at $38,412,000 after buying an additional 213,673 shares during the period. Institutional investors own 93.28% of the company’s stock.

About Innospec (NASDAQ:IOSP)

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.

Further Reading: Market Perform

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