Brown Advisory Inc. Has $23.42 Million Stock Holdings in Innospec Inc. $IOSP

Brown Advisory Inc. decreased its stake in Innospec Inc. (NASDAQ:IOSP) by 12.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 305,977 shares of the specialty chemicals company’s stock after selling 43,995 shares during the period. Brown Advisory Inc.’s holdings in Innospec were worth $23,420,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Marshall Wace LLP acquired a new stake in shares of Innospec in the fourth quarter valued at about $706,000. Gendell Jeffrey L boosted its position in shares of Innospec by 63.1% during the 4th quarter. Gendell Jeffrey L now owns 285,351 shares of the specialty chemicals company’s stock valued at $21,841,000 after purchasing an additional 110,402 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Innospec by 26.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,665 shares of the specialty chemicals company’s stock valued at $130,000 after purchasing an additional 348 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Innospec by 3.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 373,540 shares of the specialty chemicals company’s stock valued at $28,591,000 after purchasing an additional 12,950 shares in the last quarter. Finally, State Street Corp boosted its position in shares of Innospec by 2.1% during the 4th quarter. State Street Corp now owns 949,038 shares of the specialty chemicals company’s stock valued at $72,639,000 after purchasing an additional 19,915 shares in the last quarter. Institutional investors and hedge funds own 96.64% of the company’s stock.

Innospec Stock Performance

Shares of NASDAQ:IOSP opened at $85.11 on Tuesday. Innospec Inc. has a 52-week low of $65.51 and a 52-week high of $92.14. The business’s 50 day simple moving average is $78.69 and its two-hundred day simple moving average is $77.98. The firm has a market cap of $2.10 billion, a P/E ratio of 18.54, a PEG ratio of 2.41 and a beta of 0.92.

Innospec (NASDAQ:IOSP) last posted its earnings results on Friday, May 8th. The specialty chemicals company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.03. Innospec had a return on equity of 9.32% and a net margin of 6.38%.The company had revenue of $453.20 million for the quarter, compared to analyst estimates of $432.14 million. During the same quarter last year, the company earned $1.42 earnings per share. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. On average, equities analysts forecast that Innospec Inc. will post 4.8 earnings per share for the current fiscal year.

Innospec Dividend Announcement

The business also recently announced a dividend, which was paid on Friday, May 29th. Stockholders of record on Tuesday, May 19th were issued a $0.92 dividend. This represents a dividend yield of 239.0%. The ex-dividend date was Tuesday, May 19th. Innospec’s dividend payout ratio (DPR) is currently 40.09%.

Analyst Upgrades and Downgrades

IOSP has been the topic of several research analyst reports. Zacks Research upgraded Innospec from a “strong sell” rating to a “hold” rating in a research report on Friday, April 24th. Wall Street Zen upgraded Innospec from a “hold” rating to a “buy” rating in a research report on Saturday, June 6th. Finally, Weiss Ratings upgraded Innospec from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, May 29th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Innospec Company Profile

Innospec Incorporated (NASDAQ: IOSP) is a global specialty chemicals company headquartered in Cleveland, Ohio. The company operates through three principal business segments: Fuel Specialties, Oilfield Services, and Performance Chemicals. In the Fuel Specialties segment, Innospec develops and supplies additives designed to enhance octane levels, improve combustion efficiency, reduce emissions and prevent deposit formation in gasoline and diesel engines. Its Oilfield Services division provides chemical technologies—such as surfactants, corrosion inhibitors and demulsifiers—to support exploration, drilling, production optimization and enhanced oil recovery operations.