Intech Investment Management LLC Has $3.95 Million Stock Holdings in Innospec Inc. $IOSP

Intech Investment Management LLC boosted its stake in Innospec Inc. (NASDAQ:IOSP) by 139.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 51,556 shares of the specialty chemicals company’s stock after purchasing an additional 30,023 shares during the quarter. Intech Investment Management LLC’s holdings in Innospec were worth $3,946,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. grew its stake in Innospec by 271.0% in the fourth quarter. Hantz Financial Services Inc. now owns 575 shares of the specialty chemicals company’s stock valued at $44,000 after acquiring an additional 420 shares during the period. Legato Capital Management LLC acquired a new stake in Innospec in the fourth quarter valued at approximately $769,000. PNC Financial Services Group Inc. grew its stake in Innospec by 41.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,361 shares of the specialty chemicals company’s stock valued at $181,000 after acquiring an additional 692 shares during the period. ProShare Advisors LLC grew its stake in Innospec by 8.4% in the fourth quarter. ProShare Advisors LLC now owns 83,739 shares of the specialty chemicals company’s stock valued at $6,409,000 after acquiring an additional 6,478 shares during the period. Finally, Allworth Financial LP grew its stake in Innospec by 49.7% in the fourth quarter. Allworth Financial LP now owns 880 shares of the specialty chemicals company’s stock valued at $67,000 after acquiring an additional 292 shares during the period. Institutional investors and hedge funds own 96.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on IOSP shares. Weiss Ratings raised Innospec from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday. Wall Street Zen cut Innospec from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Zacks Research raised Innospec from a “strong sell” rating to a “hold” rating in a research note on Friday, April 24th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold”.

Innospec Stock Down 1.2%

IOSP stock opened at $81.93 on Tuesday. The stock’s 50 day moving average is $76.32 and its 200-day moving average is $77.26. The firm has a market capitalization of $2.02 billion, a PE ratio of 17.85, a P/E/G ratio of 2.31 and a beta of 0.92. Innospec Inc. has a twelve month low of $65.51 and a twelve month high of $92.14.

Innospec (NASDAQ:IOSP) last issued its quarterly earnings results on Friday, May 8th. The specialty chemicals company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.03. The business had revenue of $453.20 million for the quarter, compared to analyst estimates of $432.14 million. Innospec had a return on equity of 9.32% and a net margin of 6.38%.Innospec’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period last year, the company posted $1.42 earnings per share. On average, equities research analysts anticipate that Innospec Inc. will post 4.8 earnings per share for the current fiscal year.

Innospec Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, May 29th. Investors of record on Tuesday, May 19th were issued a dividend of $0.92 per share. This represents a yield of 239.0%. The ex-dividend date was Tuesday, May 19th. Innospec’s dividend payout ratio (DPR) is 40.09%.

Innospec 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.