Diversified Trust Co Has $390,000 Holdings in Innospec Inc. (NASDAQ:IOSP)

Diversified Trust Co lifted its holdings in shares of Innospec Inc. (NASDAQ:IOSP) by 9.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,543 shares of the specialty chemicals company’s stock after buying an additional 306 shares during the quarter. Diversified Trust Co’s holdings in Innospec were worth $390,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. TD Asset Management Inc boosted its stake in Innospec by 58.9% in the second quarter. TD Asset Management Inc now owns 17,000 shares of the specialty chemicals company’s stock valued at $2,101,000 after acquiring an additional 6,300 shares during the last quarter. Arizona State Retirement System lifted its stake in shares of Innospec by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 6,962 shares of the specialty chemicals company’s stock valued at $860,000 after purchasing an additional 128 shares during the period. Texas Permanent School Fund Corp boosted its position in shares of Innospec by 0.6% in the 2nd quarter. Texas Permanent School Fund Corp now owns 21,891 shares of the specialty chemicals company’s stock worth $2,706,000 after purchasing an additional 129 shares during the last quarter. BOKF NA acquired a new stake in shares of Innospec during the second quarter worth $329,000. Finally, Oppenheimer Asset Management Inc. increased its holdings in Innospec by 31.4% in the second quarter. Oppenheimer Asset Management Inc. now owns 20,136 shares of the specialty chemicals company’s stock valued at $2,489,000 after purchasing an additional 4,812 shares during the last quarter. 96.64% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com cut Innospec from a “strong-buy” rating to a “buy” rating in a report on Saturday.

Insider Activity at Innospec

In related news, Director Milton C. Blackmore sold 1,035 shares of the company’s stock in a transaction on 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 directly owns 9,028 shares of the company’s stock, valued at approximately $1,109,721.76. This represents a 10.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.52% of the stock is owned by insiders.

Innospec Stock Performance

Shares of NASDAQ IOSP opened at $105.21 on Friday. Innospec Inc. has a 52-week low of $103.65 and a 52-week high of $133.71. The stock has a market cap of $2.62 billion, a P/E ratio of 18.36 and a beta of 1.09. The firm has a 50 day moving average price of $114.83 and a 200 day moving average price of $115.19.

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

Innospec Increases Dividend

The firm also recently disclosed a Semi-Annual dividend, which was paid on Tuesday, November 26th. Investors of record on Monday, November 18th were given a $0.79 dividend. The ex-dividend date of this dividend was Monday, November 18th. This is a positive change from Innospec’s previous Semi-Annual dividend of $0.72. This represents a dividend yield of 1.3%. Innospec’s payout ratio is currently 27.57%.

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.