Jupiter Topco LLC Makes New Investment in Innospec Inc. $IOSP

Jupiter Topco LLC acquired a new position in Innospec Inc. (NASDAQ:IOSP) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 127,976 shares of the specialty chemicals company’s stock, valued at approximately $10,417,000. Jupiter Topco LLC owned about 0.52% of Innospec as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in IOSP. Meeder Asset Management Inc. purchased a new position in Innospec in the 2nd quarter worth $36,000. EverSource Wealth Advisors LLC boosted its position in Innospec by 1,159.5% during the second quarter. EverSource Wealth Advisors LLC now owns 529 shares of the specialty chemicals company’s stock valued at $44,000 after buying an additional 487 shares during the period. Hantz Financial Services Inc. boosted its position in Innospec by 271.0% during the fourth quarter. Hantz Financial Services Inc. now owns 575 shares of the specialty chemicals company’s stock valued at $44,000 after buying an additional 420 shares during the period. Danske Bank A S bought a new position in shares of Innospec during the third quarter valued at about $46,000. Finally, Caitong International Asset Management Co. Ltd grew its stake in shares of Innospec by 316.4% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 662 shares of the specialty chemicals company’s stock valued at $51,000 after buying an additional 503 shares during the last quarter. Hedge funds and other institutional investors own 96.64% of the company’s stock.

Wall Street Analysts Forecast Growth

IOSP has been the topic of a number of recent analyst reports. Wall Street Zen raised shares of Innospec from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. Weiss Ratings upgraded Innospec from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 6th. Finally, Seaport Research Partners reissued a “buy” rating and set a $110.00 target price on shares of Innospec in a research note on Thursday, August 6th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Innospec currently has an average rating of “Hold”.

Innospec Stock Up 0.0%

Shares of IOSP stock opened at $95.38 on Friday. The business’s fifty day moving average is $87.14 and its 200 day moving average is $80.99. The stock has a market cap of $2.35 billion, a price-to-earnings ratio of 19.47, a PEG ratio of 2.53 and a beta of 0.93. Innospec Inc. has a twelve month low of $65.51 and a twelve month high of $96.68.

Innospec (NASDAQ:IOSP) last announced its earnings results on Tuesday, August 4th. The specialty chemicals company reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.22. The firm had revenue of $491.40 million for the quarter, compared to analysts’ expectations of $457.25 million. Innospec had a net margin of 6.60% and a return on equity of 9.22%. The company’s quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.26 EPS. Equities research analysts expect that Innospec Inc. will post 5.03 earnings per share for the current fiscal year.

Innospec Profile

Innospec Incorporated (NASDAQ: IOSP) is a global specialty chemicals company headquartered in Cleveland, Ohio. The company operates through three principal business segments: Fuel Specialties, Oilfield Services, and Performance Chemicals. In the Fuel Specialties segment, Innospec develops and supplies additives designed to enhance octane levels, improve combustion efficiency, reduce emissions and prevent deposit formation in gasoline and diesel engines. Its Oilfield Services division provides chemical technologies—such as surfactants, corrosion inhibitors and demulsifiers—to support exploration, drilling, production optimization and enhanced oil recovery operations.