Innospec Inc. (NASDAQ:IOSP) insider Philip Curran sold 1,268 shares of the business’s stock in a transaction dated Wednesday, March 7th. The stock was sold at an average price of $68.24, for a total transaction of $86,528.32. Following the transaction, the insider now owns 2,998 shares in the company, valued at approximately $204,583.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Innospec Inc. (NASDAQ IOSP) traded up $0.85 during trading hours on Friday, hitting $69.55. 130,402 shares of the stock traded hands, compared to its average volume of 133,445. Innospec Inc. has a one year low of $54.10 and a one year high of $74.30. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.34 and a current ratio of 2.15. The company has a market cap of $1,672.87, a P/E ratio of 27.71 and a beta of 1.13.
Innospec (NASDAQ:IOSP) last posted its quarterly earnings data on Tuesday, February 13th. The specialty chemicals company reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.34. Innospec had a net margin of 4.73% and a return on equity of 15.57%. The company had revenue of $353.80 million for the quarter. research analysts forecast that Innospec Inc. will post 4.3 EPS for the current fiscal year.
Several research analysts have recently issued reports on the stock. ValuEngine upgraded shares of Innospec from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Zacks Investment Research upgraded shares of Innospec from a “hold” rating to a “buy” rating and set a $76.00 price objective on the stock in a report on Friday, November 10th. Johnson Rice upgraded shares of Innospec from a “hold” rating to an “accumulate” rating in a report on Tuesday, November 14th. Finally, BidaskClub upgraded shares of Innospec from a “sell” rating to a “hold” rating in a report on Wednesday, December 27th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $70.50.
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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