Wasatch Advisors LP Has $254.28 Million Stock Holdings in Innospec Inc. (NASDAQ:IOSP)

Wasatch Advisors LP grew its stake in Innospec Inc. (NASDAQ:IOSP) by 1.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,972,110 shares of the specialty chemicals company’s stock after acquiring an additional 22,094 shares during the period. Innospec accounts for approximately 1.3% of Wasatch Advisors LP’s holdings, making the stock its 24th largest position. Wasatch Advisors LP owned approximately 7.90% of Innospec worth $254,284,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of IOSP. TFO Wealth Partners LLC lifted its stake in Innospec by 29,800.0% in the 4th quarter. TFO Wealth Partners LLC now owns 299 shares of the specialty chemicals company’s stock valued at $37,000 after purchasing an additional 298 shares during the last quarter. GAMMA Investing LLC bought a new position in Innospec during the fourth quarter worth $44,000. Stonegate Investment Group LLC acquired a new position in shares of Innospec in the fourth quarter valued at $204,000. Evergreen Capital Management LLC raised its position in shares of Innospec by 10.2% in the third quarter. Evergreen Capital Management LLC now owns 2,210 shares of the specialty chemicals company’s stock valued at $226,000 after purchasing an additional 205 shares during the period. Finally, Nisa Investment Advisors LLC lifted its stake in shares of Innospec by 5.4% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,960 shares of the specialty chemicals company’s stock worth $242,000 after buying an additional 100 shares during the last quarter. Institutional investors and hedge funds own 96.64% of the company’s stock.

Innospec Stock Performance

Shares of IOSP stock traded up $0.99 on Tuesday, hitting $122.42. The company’s stock had a trading volume of 121,780 shares, compared to its average volume of 100,116. Innospec Inc. has a fifty-two week low of $95.69 and a fifty-two week high of $133.71. The stock’s 50 day moving average is $125.73 and its 200-day moving average is $123.35. The company has a market capitalization of $3.05 billion, a PE ratio of 20.78 and a beta of 1.11.

Innospec (NASDAQ:IOSP) last released its earnings results on Thursday, May 9th. The specialty chemicals company reported $1.75 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.11. The firm had revenue of $500.20 million during the quarter, compared to the consensus estimate of $508.15 million. Innospec had a return on equity of 14.22% and a net margin of 7.60%. On average, research analysts forecast that Innospec Inc. will post 6.7 earnings per share for the current year.

Innospec Dividend Announcement

The firm also recently declared a Semi-Annual dividend, which was paid on Friday, May 31st. Stockholders of record on Monday, May 20th were paid a $0.72 dividend. The ex-dividend date was Friday, May 17th. This represents a dividend yield of 1.2%. Innospec’s payout ratio is 25.81%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Innospec from a “buy” rating to a “strong-buy” rating in a report on Friday, May 10th.

Insider Transactions at Innospec

In other news, SVP Hardy Louis Griffin III sold 525 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $129.78, for a total value of $68,134.50. Following the sale, the senior vice president now directly owns 4,523 shares in the company, valued at approximately $586,994.94. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.35% of the stock is owned by insiders.

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.