Insider Selling: Innospec CFO Sells 4,819 Shares of Stock (IOSP)
Innospec (NASDAQ:IOSP) CFO Ian Cleminson sold 4,819 shares of Innospec stock on the open market in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $44.26, for a total value of $213,288.94. Following the transaction, the chief financial officer now directly owns 25,818 shares of the company’s stock, valued at approximately $1,142,705. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on IOSP. Analysts at CJS Securities downgraded shares of Innospec to a “market perform” rating in a research note on Friday, February 14th. Analysts at Monness Crespi & Hardt raised their price target on shares of Innospec from $46.00 to $53.00 in a research note on Friday, February 14th. They now have a “buy” rating on the stock.
Shares of Innospec (NASDAQ:IOSP) traded up 0.62% on Thursday, hitting $44.01. 30,118 shares of the company’s stock traded hands. Innospec has a 52-week low of $38.43 and a 52-week high of $49.41. The stock has a 50-day moving average of $43.79 and a 200-day moving average of $44.62. The company has a market cap of $1.058 billion and a P/E ratio of 13.58.
Innospec (NASDAQ:IOSP) last released its earnings data on Thursday, February 13th. The company reported $1.06 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.96 by $0.10. The company had revenue of $241.60 million for the quarter, compared to the consensus estimate of $250.00 million. On average, analysts predict that Innospec will post $3.51 earnings per share for the current fiscal year.
Innospec Inc (NASDAQ:IOSP) develops, manufactures, blends and markets fuel additives, personal care and fragrance products and other specialty chemicals.
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