Leeward Investments LLC MA Has $9.73 Million Stock Holdings in Innospec Inc. (NASDAQ:IOSP)

by · The Cerbat Gem

Leeward Investments LLC MA increased its holdings in shares of Innospec Inc. (NASDAQ:IOSP – Free Report) by 22.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 86,004 shares of the specialty chemicals company’s stock after purchasing an additional 15,750 shares during the period. Leeward Investments LLC MA owned approximately 0.34% of Innospec worth $9,726,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Assenagon Asset Management S.A. boosted its position in shares of Innospec by 98.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 120,082 shares of the specialty chemicals company’s stock worth $14,841,000 after purchasing an additional 59,554 shares in the last quarter. BNP Paribas Financial Markets grew its stake in Innospec by 33.1% in the first quarter. BNP Paribas Financial Markets now owns 25,063 shares of the specialty chemicals company’s stock valued at $3,232,000 after acquiring an additional 6,237 shares during the period. Vanguard Group Inc. increased its holdings in shares of Innospec by 5.5% during the first quarter. Vanguard Group Inc. now owns 3,115,167 shares of the specialty chemicals company’s stock valued at $401,670,000 after acquiring an additional 161,249 shares in the last quarter. Sei Investments Co. raised its position in shares of Innospec by 4.9% during the first quarter. Sei Investments Co. now owns 138,788 shares of the specialty chemicals company’s stock worth $17,895,000 after purchasing an additional 6,532 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in shares of Innospec by 660.1% in the 2nd quarter. SG Americas Securities LLC now owns 9,767 shares of the specialty chemicals company’s stock worth $1,207,000 after purchasing an additional 8,482 shares in the last quarter. 96.64% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CFO Ian Cleminson sold 6,602 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $113.60, for a total transaction of $749,987.20. Following the transaction, the chief financial officer now directly owns 16,394 shares in the company, valued at approximately $1,862,358.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.35% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Innospec from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 8th.

View Our Latest Report on IOSP

Innospec Price Performance

IOSP opened at $124.90 on Thursday. The firm has a market capitalization of $3.12 billion, a PE ratio of 20.92 and a beta of 1.08. Innospec Inc. has a fifty-two week low of $98.55 and a fifty-two week high of $133.71. The company’s 50-day moving average is $111.36 and its 200 day moving average is $118.83.

Innospec (NASDAQ:IOSP – Get Free Report) last posted its earnings results on Tuesday, November 5th. The specialty chemicals company reported $1.35 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.35. Innospec had a return on equity of 14.15% and a net margin of 7.90%. The company had revenue of $443.40 million for the quarter, compared to analyst estimates of $442.13 million. During the same quarter last year, the company earned $1.59 earnings per share. The company’s revenue for the quarter was down 4.5% on a year-over-year basis. As a group, analysts expect that Innospec Inc. will post 5.92 EPS for the current year.

Innospec Increases Dividend

The company also recently announced a Semi-Annual dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Monday, November 18th will be paid a $0.79 dividend. This is a positive change from Innospec’s previous Semi-Annual dividend of $0.72. The ex-dividend date of this dividend is Monday, November 18th. Innospec’s dividend payout ratio is presently 25.46%.

Innospec Company Profile

(Free Report)

Innospec Inc develops, manufactures, blends, markets, and supplies specialty chemicals in the United States, rest of North America, the United Kingdom, rest of Europe, and internationally. The company's Fuel Specialties segment offers a range of specialty chemical products that are used as additives in additives in diesel, jet, marine, fuel oil and other fuels.

Read More