Innospec Inc. (NASDAQ:IOSP) Shares Sold by Swiss National Bank

Swiss National Bank lessened its stake in Innospec Inc. (NASDAQ:IOSP) by 0.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 48,703 shares of the specialty chemicals company’s stock after selling 300 shares during the quarter. Swiss National Bank owned approximately 0.20% of Innospec worth $5,508,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. DekaBank Deutsche Girozentrale acquired a new stake in shares of Innospec in the 1st quarter valued at about $66,000. CWM LLC grew its position in shares of Innospec by 239.6% during the 2nd quarter. CWM LLC now owns 635 shares of the specialty chemicals company’s stock valued at $78,000 after buying an additional 448 shares during the last quarter. Blue Trust Inc. grew its position in shares of Innospec by 503.9% during the 3rd quarter. Blue Trust Inc. now owns 779 shares of the specialty chemicals company’s stock valued at $96,000 after buying an additional 650 shares during the last quarter. nVerses Capital LLC grew its position in shares of Innospec by 200.0% during the 3rd quarter. nVerses Capital LLC now owns 900 shares of the specialty chemicals company’s stock valued at $102,000 after buying an additional 600 shares during the last quarter. Finally, Point72 DIFC Ltd bought a new stake in shares of Innospec during the 2nd quarter valued at about $184,000. Institutional investors and hedge funds own 96.64% of the company’s stock.

Insiders Place Their Bets

In other Innospec news, Director Milton C. Blackmore sold 1,035 shares of the company’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $122.92, for a total value of $127,222.20. Following the completion of the transaction, the director now owns 9,028 shares in the company, valued at approximately $1,109,721.76. This represents a 10.29 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.35% of the stock is owned by insiders.

Innospec Stock Up 0.0 %

Shares of NASDAQ:IOSP opened at $117.66 on Thursday. Innospec Inc. has a fifty-two week low of $103.97 and a fifty-two week high of $133.71. The firm has a 50-day simple moving average of $114.18 and a 200 day simple moving average of $118.49. The company has a market cap of $2.93 billion, a PE ratio of 20.53 and a beta of 1.08.

Innospec (NASDAQ:IOSP) last announced its quarterly earnings data on Tuesday, November 5th. The specialty chemicals company reported $1.35 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.35. Innospec had a net margin of 7.68% and a return on equity of 13.33%. The business had revenue of $443.40 million during the quarter, compared to the consensus estimate of $442.13 million. During the same quarter in the prior year, the firm earned $1.59 EPS. The company’s revenue for the quarter was down 4.5% compared to the same quarter last year. As a group, research analysts forecast that Innospec Inc. will post 5.88 EPS for the current fiscal year.

Innospec Increases Dividend

The company also recently announced a Semi-Annual dividend, which was paid on Tuesday, November 26th. Shareholders of record on Monday, November 18th were given a $0.79 dividend. This is a boost from Innospec’s previous Semi-Annual dividend of $0.72. The ex-dividend date was Monday, November 18th. This represents a yield of 1.3%. Innospec’s dividend payout ratio is 27.57%.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Innospec from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 8th.

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.