Innospec Inc. (NASDAQ:IOSP) CEO Patrick Williams sold 6,525 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $83.18, for a total value of $542,749.50. Following the sale, the chief executive officer now owns 186,579 shares in the company, valued at approximately $15,519,641.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Patrick Williams also recently made the following trade(s):
- On Tuesday, March 12th, Patrick Williams sold 7,030 shares of Innospec stock. The stock was sold at an average price of $84.16, for a total value of $591,644.80.
- On Friday, February 22nd, Patrick Williams sold 3,362 shares of Innospec stock. The stock was sold at an average price of $80.51, for a total value of $270,674.62.
NASDAQ:IOSP opened at $82.76 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.40 and a current ratio of 2.24. Innospec Inc. has a 12 month low of $53.07 and a 12 month high of $86.53. The stock has a market capitalization of $2.05 billion, a price-to-earnings ratio of 17.13 and a beta of 1.33.
Innospec (NASDAQ:IOSP) last released its quarterly earnings data on Tuesday, February 19th. The specialty chemicals company reported $1.62 EPS for the quarter, beating the consensus estimate of $1.35 by $0.27. Innospec had a return on equity of 14.34% and a net margin of 5.76%. The company had revenue of $395.00 million for the quarter. Equities research analysts anticipate that Innospec Inc. will post 5 EPS for the current fiscal year.
Large investors have recently added to or reduced their stakes in the business. LS Investment Advisors LLC grew its stake in Innospec by 173.5% in the fourth quarter. LS Investment Advisors LLC now owns 1,972 shares of the specialty chemicals company’s stock worth $122,000 after purchasing an additional 1,251 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Innospec by 27.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,986 shares of the specialty chemicals company’s stock valued at $123,000 after acquiring an additional 428 shares during the period. Eukles Asset Management acquired a new position in Innospec in the fourth quarter valued at approximately $127,000. GSA Capital Partners LLP acquired a new position in Innospec in the third quarter valued at approximately $213,000. Finally, Diversified Trust Co boosted its stake in Innospec by 6.0% in the fourth quarter. Diversified Trust Co now owns 3,550 shares of the specialty chemicals company’s stock valued at $219,000 after acquiring an additional 200 shares during the period. 93.00% of the stock is currently owned by institutional investors.
Several equities research analysts have recently issued reports on the company. ValuEngine cut Innospec from a “buy” rating to a “hold” rating in a report on Tuesday, November 27th. KeyCorp cut their target price on Innospec from $86.00 to $83.00 and set a “buy” rating on the stock in a research report on Friday, November 16th. Zacks Investment Research raised Innospec from a “hold” rating to a “strong-buy” rating and set a $94.00 target price on the stock in a research report on Friday, March 1st. Finally, BidaskClub raised Innospec from a “hold” rating to a “buy” rating in a research report on Tuesday, February 5th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $88.50.
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Innospec Inc develops, manufactures, blends, markets, and supplies specialty chemicals for use as fuel additives, ingredients for personal care, home care, agrochemical, mining and other applications, and oilfield chemicals worldwide. It operates through four segments: Fuel Specialties, Performance Chemicals, Oilfield Services, and Octane Additives.
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