Innospec Inc. $IOSP Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC cut its holdings in shares of Innospec Inc. (NASDAQ:IOSP) by 19.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 60,868 shares of the specialty chemicals company’s stock after selling 14,946 shares during the quarter. SG Americas Securities LLC owned about 0.24% of Innospec worth $4,445,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Hantz Financial Services Inc. raised its position in shares of Innospec by 271.0% in the 4th quarter. Hantz Financial Services Inc. now owns 575 shares of the specialty chemicals company’s stock worth $44,000 after buying an additional 420 shares during the period. EverSource Wealth Advisors LLC grew its position in Innospec by 1,159.5% during the second quarter. EverSource Wealth Advisors LLC now owns 529 shares of the specialty chemicals company’s stock valued at $44,000 after acquiring an additional 487 shares during the period. Allworth Financial LP increased its stake in Innospec by 31.0% during the third quarter. Allworth Financial LP now owns 588 shares of the specialty chemicals company’s stock worth $45,000 after acquiring an additional 139 shares during the last quarter. Danske Bank A S acquired a new stake in Innospec during the third quarter worth about $46,000. Finally, Caitong International Asset Management Co. Ltd raised its holdings in shares of Innospec by 316.4% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 662 shares of the specialty chemicals company’s stock worth $51,000 after purchasing an additional 503 shares during the period. 96.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on IOSP. Weiss Ratings lowered Innospec from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, June 16th. Zacks Research upgraded shares of Innospec from a “strong sell” rating to a “hold” rating in a report on Friday, April 24th. Finally, Wall Street Zen lowered shares of Innospec from a “buy” rating to a “hold” rating in a report on Saturday. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Innospec presently has a consensus rating of “Reduce”.

Innospec Stock Performance

IOSP stock opened at $80.71 on Tuesday. The firm has a market cap of $1.99 billion, a P/E ratio of 17.58, a price-to-earnings-growth ratio of 2.30 and a beta of 0.92. Innospec Inc. has a 1 year low of $65.51 and a 1 year high of $92.14. The stock has a 50-day simple moving average of $80.26 and a 200-day simple moving average of $78.54.

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

Innospec Announces Dividend

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

Innospec 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.