Caitong International Asset Management Co. Ltd Has $42,000 Stock Holdings in Innospec Inc. $IOSP

Caitong International Asset Management Co. Ltd trimmed its stake in shares of Innospec Inc. (NASDAQ:IOSP) by 61.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 496 shares of the specialty chemicals company’s stock after selling 786 shares during the period. Caitong International Asset Management Co. Ltd’s holdings in Innospec were worth $42,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Tsfg LLC acquired a new stake in shares of Innospec during the first quarter worth $35,000. Blue Trust Inc. raised its holdings in shares of Innospec by 38.3% during the second quarter. Blue Trust Inc. now owns 672 shares of the specialty chemicals company’s stock worth $57,000 after acquiring an additional 186 shares during the period. Banque Transatlantique SA acquired a new stake in shares of Innospec during the first quarter worth $196,000. Baird Financial Group Inc. raised its holdings in shares of Innospec by 11.5% during the first quarter. Baird Financial Group Inc. now owns 2,170 shares of the specialty chemicals company’s stock worth $206,000 after acquiring an additional 223 shares during the period. Finally, DRW Securities LLC acquired a new stake in shares of Innospec during the first quarter worth $221,000. 96.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently commented on IOSP. Zacks Research upgraded shares of Innospec from a “strong sell” rating to a “hold” rating in a report on Monday, October 6th. Weiss Ratings downgraded shares of Innospec from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Saturday. Finally, Wall Street Zen downgraded shares of Innospec from a “buy” rating to a “hold” rating in a research report on Sunday, October 19th. One analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Innospec has an average rating of “Hold”.

Innospec Price Performance

Shares of IOSP opened at $76.31 on Friday. The firm has a 50-day moving average of $80.55 and a 200-day moving average of $84.22. Innospec Inc. has a one year low of $73.39 and a one year high of $128.35. The company has a market cap of $1.89 billion, a PE ratio of 97.83 and a beta of 1.04.

Innospec (NASDAQ:IOSP) last announced its quarterly earnings data on Tuesday, August 5th. The specialty chemicals company reported $1.26 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.09. Innospec had a net margin of 1.08% and a return on equity of 10.89%. The company had revenue of $439.70 million during the quarter, compared to the consensus estimate of $440.70 million. During the same quarter last year, the firm posted $1.39 EPS. The company’s quarterly revenue was up 1.1% on a year-over-year basis. Analysts expect that Innospec Inc. will post 6.18 earnings per share for the current year.

Innospec Profile

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.