Thrivent Financial for Lutherans Reduces Holdings in Innospec Inc. $IOSP

Thrivent Financial for Lutherans reduced its stake in Innospec Inc. (NASDAQ:IOSP) by 49.9% during the third quarter, Holdings Channel.com reports. The firm owned 17,915 shares of the specialty chemicals company’s stock after selling 17,842 shares during the period. Thrivent Financial for Lutherans’ holdings in Innospec were worth $1,382,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of Innospec in the second quarter worth approximately $28,000. Versant Capital Management Inc boosted its position in Innospec by 378.1% during the 3rd quarter. Versant Capital Management Inc now owns 545 shares of the specialty chemicals company’s stock valued at $42,000 after buying an additional 431 shares during the period. EverSource Wealth Advisors LLC boosted its position in Innospec by 1,159.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 529 shares of the specialty chemicals company’s stock valued at $44,000 after buying an additional 487 shares during the period. Blue Trust Inc. grew its holdings in Innospec by 38.3% in the 2nd 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 last quarter. Finally, State of Wyoming increased its position in shares of Innospec by 27.5% in the second quarter. State of Wyoming now owns 801 shares of the specialty chemicals company’s stock valued at $67,000 after acquiring an additional 173 shares during the period. Institutional investors own 96.64% of the company’s stock.

Wall Street Analyst Weigh In

IOSP has been the subject of several research analyst reports. Zacks Research upgraded Innospec from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 6th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Innospec in a research note on Monday, December 22nd. Finally, Wall Street Zen upgraded shares of Innospec from a “hold” rating to a “buy” rating in a research report on Saturday, December 13th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Reduce”.

Innospec Stock Down 0.3%

IOSP stock opened at $86.58 on Friday. Innospec Inc. has a twelve month low of $70.10 and a twelve month high of $112.74. The business has a 50 day moving average of $80.42 and a 200 day moving average of $79.16. The firm has a market cap of $2.15 billion, a PE ratio of -2,886.00 and a beta of 0.91.

Innospec Company Profile

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.