Innospec Inc. (NASDAQ:IOSP) Director Hugh Aldous sold 672 shares of the stock in a transaction on Friday, November 18th. The stock was sold at an average price of $63.15, for a total value of $42,436.80. Following the sale, the director now owns 15,060 shares in the company, valued at approximately $951,039. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Innospec Inc. (NASDAQ:IOSP) opened at 66.85 on Friday. Innospec Inc. has a 1-year low of $41.61 and a 1-year high of $67.25. The company has a 50-day moving average price of $61.02 and a 200-day moving average price of $54.98. The company has a market cap of $1.60 billion, a PE ratio of 18.01 and a beta of 1.32.
Innospec (NASDAQ:IOSP) last posted its earnings results on Wednesday, November 2nd. The company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.01. Innospec had a net margin of 10.17% and a return on equity of 15.53%. The business earned $205.50 million during the quarter, compared to the consensus estimate of $232.15 million. During the same quarter in the previous year, the firm posted $1.45 EPS. The firm’s revenue was down 19.2% on a year-over-year basis. On average, analysts expect that Innospec Inc. will post $3.72 EPS for the current fiscal year.
The business also recently announced a semiannual dividend, which was paid on Thursday, November 24th. Shareholders of record on Tuesday, November 15th were given a $0.34 dividend. This represents a yield of 1.23%. The ex-dividend date was Thursday, November 10th. This is an increase from Innospec’s previous semiannual dividend of $0.33. Innospec’s payout ratio is 18.38%.
Large investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC increased its stake in Innospec by 2,913.8% in the second quarter. Tower Research Capital LLC TRC now owns 2,411 shares of the company’s stock worth $111,000 after buying an additional 2,331 shares during the period. PineBridge Investments L.P. increased its stake in shares of Innospec by 3.6% in the second quarter. PineBridge Investments L.P. now owns 3,039 shares of the company’s stock worth $140,000 after buying an additional 106 shares during the last quarter. Teacher Retirement System of Texas increased its stake in shares of Innospec by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 3,385 shares of the company’s stock worth $156,000 after buying an additional 411 shares during the last quarter. Profund Advisors LLC acquired a new stake in shares of Innospec during the third quarter worth about $213,000. Finally, Mason Street Advisors LLC acquired a new stake in shares of Innospec during the second quarter worth about $216,000. 88.40% of the stock is owned by institutional investors and hedge funds.
Several research firms have recently weighed in on IOSP. Zacks Investment Research cut shares of Innospec from a “hold” rating to a “sell” rating in a report on Wednesday, November 9th. Monness Crespi & Hardt upped their price target on shares of Innospec from $60.00 to $62.00 and gave the stock a “buy” rating in a report on Friday, November 4th. Finally, CJS Securities raised shares of Innospec from a “market perform” rating to an “outperform” rating and set a $63.00 price target on the stock in a report on Friday, August 5th.
Innospec Company Profile