Innospec Inc. (NASDAQ:IOSP) insider David Earl Williams sold 3,142 shares of Innospec stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $68.54, for a total transaction of $215,352.68. Following the transaction, the insider now directly owns 16,676 shares of the company’s stock, valued at approximately $1,142,973.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Innospec Inc. (NASDAQ IOSP) traded up $0.50 during midday trading on Monday, reaching $68.75. 95,700 shares of the company were exchanged, compared to its average volume of 97,992. Innospec Inc. has a fifty-two week low of $54.10 and a fifty-two week high of $74.30. The company has a market capitalization of $1,674.08, a P/E ratio of 27.39 and a beta of 1.07. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.15 and a quick ratio of 1.34.
Innospec (NASDAQ:IOSP) last posted its quarterly earnings results on Tuesday, February 13th. The specialty chemicals company reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.34. The business had revenue of $353.80 million during the quarter. Innospec had a net margin of 4.73% and a return on equity of 15.57%. analysts anticipate that Innospec Inc. will post 4.3 earnings per share for the current year.
A number of large investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company grew its holdings in Innospec by 1.0% in the second quarter. The Manufacturers Life Insurance Company now owns 18,457 shares of the specialty chemicals company’s stock worth $1,210,000 after purchasing an additional 182 shares during the period. Rhumbline Advisers grew its holdings in Innospec by 1.7% in the third quarter. Rhumbline Advisers now owns 50,961 shares of the specialty chemicals company’s stock worth $3,142,000 after purchasing an additional 840 shares during the period. Meadow Creek Investment Management LLC grew its holdings in Innospec by 29.1% in the fourth quarter. Meadow Creek Investment Management LLC now owns 3,724 shares of the specialty chemicals company’s stock worth $263,000 after purchasing an additional 840 shares during the period. FDx Advisors Inc. grew its holdings in Innospec by 9.4% in the third quarter. FDx Advisors Inc. now owns 10,369 shares of the specialty chemicals company’s stock worth $639,000 after purchasing an additional 889 shares during the period. Finally, Victory Capital Management Inc. grew its holdings in Innospec by 33.4% in the third quarter. Victory Capital Management Inc. now owns 3,629 shares of the specialty chemicals company’s stock worth $224,000 after purchasing an additional 909 shares during the period. Institutional investors and hedge funds own 91.43% of the company’s stock.
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Innospec Company Profile
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.
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