Acadian Asset Management LLC Trims Stock Holdings in Innospec Inc. (NASDAQ:IOSP)

Acadian Asset Management LLC lessened its position in shares of Innospec Inc. (NASDAQ:IOSP) by 36.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 63,064 shares of the specialty chemicals company’s stock after selling 36,361 shares during the quarter. Acadian Asset Management LLC’s holdings in Innospec were worth $8,125,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in IOSP. TFO Wealth Partners LLC lifted its holdings in shares of Innospec by 29,800.0% during the fourth quarter. TFO Wealth Partners LLC now owns 299 shares of the specialty chemicals company’s stock worth $37,000 after purchasing an additional 298 shares during the period. GAMMA Investing LLC purchased a new position in Innospec during the 4th quarter worth approximately $44,000. Motco purchased a new position in Innospec during the 1st quarter worth approximately $132,000. Stonegate Investment Group LLC acquired a new stake in Innospec during the 4th quarter valued at approximately $204,000. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of Innospec by 5.4% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,960 shares of the specialty chemicals company’s stock valued at $242,000 after acquiring an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 96.64% of the company’s stock.

Innospec Stock Up 1.6 %

Shares of IOSP traded up $2.03 during mid-day trading on Monday, reaching $128.41. The company had a trading volume of 23,396 shares, compared to its average volume of 100,739. The stock has a market capitalization of $3.20 billion, a P/E ratio of 21.67 and a beta of 1.10. Innospec Inc. has a 52-week low of $95.69 and a 52-week high of $133.71. The stock has a 50 day moving average of $126.10 and a two-hundred day moving average of $123.49.

Innospec (NASDAQ:IOSP) last announced its quarterly earnings results on Thursday, May 9th. The specialty chemicals company reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.11. The company 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, sell-side analysts expect that Innospec Inc. will post 6.7 earnings per share for the current year.

Innospec Dividend Announcement

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

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Innospec

In other news, SVP Hardy Louis Griffin III sold 525 shares of the stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $129.78, for a total transaction of $68,134.50. Following the sale, the senior vice president now directly owns 4,523 shares of the company’s stock, valued at approximately $586,994.94. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.52% of the stock is owned by corporate insiders.

Innospec Company 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.