Mason Street Advisors LLC Purchases 388 Shares of Innospec Inc. (IOSP)

Mason Street Advisors LLC increased its stake in shares of Innospec Inc. (NASDAQ:IOSP) by 7.4% during the first quarter, Holdings Channel reports. The firm owned 5,629 shares of the specialty chemicals company’s stock after buying an additional 388 shares during the period. Mason Street Advisors LLC’s holdings in Innospec were worth $364,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Louisiana State Employees Retirement System increased its position in shares of Innospec by 2.1% in the first quarter. Louisiana State Employees Retirement System now owns 9,800 shares of the specialty chemicals company’s stock valued at $635,000 after buying an additional 200 shares during the last quarter. Teachers Advisors LLC increased its position in shares of Innospec by 371.2% in the fourth quarter. Teachers Advisors LLC now owns 193,724 shares of the specialty chemicals company’s stock valued at $13,270,000 after buying an additional 152,609 shares during the last quarter. Norges Bank acquired a new position in shares of Innospec during the fourth quarter valued at approximately $26,408,000. Thrivent Financial for Lutherans increased its position in shares of Innospec by 1.0% in the fourth quarter. Thrivent Financial for Lutherans now owns 70,178 shares of the specialty chemicals company’s stock valued at $4,807,000 after buying an additional 680 shares during the last quarter. Finally, Summit Global Investments acquired a new position in shares of Innospec during the fourth quarter valued at approximately $548,000. Institutional investors and hedge funds own 90.99% of the company’s stock.

Institutional Ownership by Quarter for Innospec (NASDAQ:IOSP)

Shares of Innospec Inc. (IOSP) opened at 65.90 on Tuesday. The stock has a 50 day moving average price of $65.04 and a 200 day moving average price of $66.35. Innospec Inc. has a one year low of $44.06 and a one year high of $74.75. The company has a market capitalization of $1.59 billion, a PE ratio of 20.21 and a beta of 1.21.

Innospec (NASDAQ:IOSP) last posted its earnings results on Tuesday, May 9th. The specialty chemicals company reported $1.00 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.14. Innospec had a net margin of 8.24% and a return on equity of 14.63%. The firm had revenue of $294.30 million during the quarter, compared to the consensus estimate of $287 million. During the same quarter last year, the firm earned $0.93 EPS. The firm’s revenue for the quarter was up 38.8% on a year-over-year basis. On average, equities research analysts predict that Innospec Inc. will post $4.10 earnings per share for the current year.

The business also recently announced a semiannual dividend, which was paid on Wednesday, May 31st. Investors of record on Monday, May 22nd were issued a $0.38 dividend. The ex-dividend date was Thursday, May 18th. This represents a yield of 1.2%. Innospec’s dividend payout ratio (DPR) is presently 23.38%.

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Separately, Zacks Investment Research upgraded Innospec from a “hold” rating to a “strong-buy” rating and set a $73.00 price objective on the stock in a research report on Tuesday, May 16th.

About Innospec

Innospec Inc is a specialty chemicals company engaged in developing, manufacturing, blending, marketing and supplying of specialty chemicals for use as fuel additives and ingredients for personal care, home care, agrochemical, mining and other applications and oilfield chemicals. The Company operates through four business segments: Fuel Specialties, Performance Chemicals, Oilfield Services and Octane Additives.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:IOSP”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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