Innospec (NASDAQ:IOSP) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Innospec (NASDAQ:IOSP) from a hold rating to a buy rating in a research note released on Saturday morning.

Several other research analysts also recently issued reports on the company. Zacks Research upgraded Innospec from a “strong sell” rating to a “hold” rating in a research report on Monday, October 6th. Weiss Ratings upgraded Innospec from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Innospec has an average rating of “Moderate Buy”.

Innospec Price Performance

Shares of Innospec stock opened at $74.52 on Friday. Innospec has a 1 year low of $73.72 and a 1 year high of $128.35. The company has a market capitalization of $1.85 billion, a P/E ratio of 95.54 and a beta of 1.04. The business has a 50 day moving average price of $81.77 and a 200 day moving average price of $85.07.

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

Institutional Trading of Innospec

A number of institutional investors have recently added to or reduced their stakes in IOSP. State of Wyoming boosted its holdings 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 in the last quarter. California State Teachers Retirement System boosted its holdings in shares of Innospec by 0.8% in the second quarter. California State Teachers Retirement System now owns 23,062 shares of the specialty chemicals company’s stock valued at $1,939,000 after acquiring an additional 179 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of Innospec by 38.3% in the second quarter. Blue Trust Inc. now owns 672 shares of the specialty chemicals company’s stock valued at $57,000 after acquiring an additional 186 shares in the last quarter. US Bancorp DE boosted its holdings in shares of Innospec by 4.2% in the first quarter. US Bancorp DE now owns 5,082 shares of the specialty chemicals company’s stock valued at $482,000 after acquiring an additional 207 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its holdings in shares of Innospec by 2.9% in the first quarter. Hsbc Holdings PLC now owns 7,398 shares of the specialty chemicals company’s stock valued at $700,000 after acquiring an additional 208 shares in the last quarter. 96.64% of the stock is owned by hedge funds and other institutional investors.

About Innospec

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.