Innospec Inc. (NASDAQ:IOSP) SVP Corbin Barnes Sells 2,692 Shares of Stock

Innospec Inc. (NASDAQ:IOSP) SVP Corbin Barnes sold 2,692 shares of the company’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $103.30, for a total transaction of $278,083.60. Following the transaction, the senior vice president now owns 8,051 shares in the company, valued at $831,668.30. The trade was a 25.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Innospec Price Performance

IOSP stock opened at $104.38 on Wednesday. The company’s 50 day simple moving average is $110.41 and its 200-day simple moving average is $112.37. The firm has a market capitalization of $2.61 billion, a PE ratio of 73.51 and a beta of 1.09. Innospec Inc. has a 12 month low of $99.49 and a 12 month high of $133.71.

Innospec (NASDAQ:IOSP) last released its quarterly earnings results on Tuesday, February 18th. The specialty chemicals company reported $1.41 EPS for the quarter, beating the consensus estimate of $1.36 by $0.05. The business had revenue of $466.80 million for the quarter, compared to analyst estimates of $447.43 million. Innospec had a net margin of 1.93% and a return on equity of 12.27%. As a group, sell-side analysts anticipate that Innospec Inc. will post 6.18 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Innospec from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 11th.

Institutional Trading of Innospec

Several large investors have recently modified their holdings of the business. Wasatch Advisors LP grew its position in shares of Innospec by 0.6% in the third quarter. Wasatch Advisors LP now owns 1,805,546 shares of the specialty chemicals company’s stock valued at $204,189,000 after purchasing an additional 11,231 shares during the last quarter. State Street Corp lifted its stake in shares of Innospec by 2.1% during the third quarter. State Street Corp now owns 996,281 shares of the specialty chemicals company’s stock valued at $112,669,000 after buying an additional 20,744 shares during the period. Victory Capital Management Inc. lifted its stake in shares of Innospec by 1.6% during the fourth quarter. Victory Capital Management Inc. now owns 922,220 shares of the specialty chemicals company’s stock valued at $101,500,000 after buying an additional 14,188 shares during the period. Royce & Associates LP lifted its stake in shares of Innospec by 9.3% during the third quarter. Royce & Associates LP now owns 835,333 shares of the specialty chemicals company’s stock valued at $94,468,000 after buying an additional 70,902 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Innospec by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 692,071 shares of the specialty chemicals company’s stock valued at $76,184,000 after buying an additional 14,788 shares during the period. 96.64% of the stock is currently owned by institutional investors and hedge funds.

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.