Healthcare of Ontario Pension Plan Trust Fund Makes New Investment in Innospec Inc. (NASDAQ:IOSP)

Healthcare of Ontario Pension Plan Trust Fund bought a new position in Innospec Inc. (NASDAQ:IOSP) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 13,000 shares of the specialty chemicals company’s stock, valued at approximately $1,470,000. Healthcare of Ontario Pension Plan Trust Fund owned 0.05% of Innospec at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in IOSP. DekaBank Deutsche Girozentrale acquired a new stake in shares of Innospec during the first quarter worth approximately $66,000. CWM LLC lifted its position in Innospec by 239.6% in the 2nd quarter. CWM LLC now owns 635 shares of the specialty chemicals company’s stock worth $78,000 after buying an additional 448 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Innospec by 503.9% during the 3rd quarter. Blue Trust Inc. now owns 779 shares of the specialty chemicals company’s stock valued at $96,000 after buying an additional 650 shares during the period. nVerses Capital LLC grew its holdings in shares of Innospec by 200.0% during the 3rd quarter. nVerses Capital LLC now owns 900 shares of the specialty chemicals company’s stock valued at $102,000 after acquiring an additional 600 shares in the last quarter. Finally, Point72 DIFC Ltd acquired a new position in shares of Innospec in the second quarter worth $184,000. 96.64% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Milton C. Blackmore sold 1,035 shares of Innospec stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $122.92, for a total transaction of $127,222.20. Following the completion of the transaction, the director now directly owns 9,028 shares of the company’s stock, valued at $1,109,721.76. This trade represents a 10.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.52% of the company’s stock.

Analyst Upgrades and Downgrades

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

Innospec Price Performance

Innospec stock opened at $118.61 on Monday. Innospec Inc. has a fifty-two week low of $103.97 and a fifty-two week high of $133.71. The firm has a fifty day moving average price of $114.50 and a two-hundred day moving average price of $118.22. The firm has a market cap of $2.96 billion, a price-to-earnings ratio of 20.70 and a beta of 1.08.

Innospec (NASDAQ:IOSP) last announced its quarterly earnings data on Tuesday, November 5th. The specialty chemicals company reported $1.35 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.35. Innospec had a net margin of 7.68% and a return on equity of 13.33%. The business had revenue of $443.40 million for the quarter, compared to the consensus estimate of $442.13 million. During the same quarter last year, the company posted $1.59 earnings per share. Innospec’s quarterly revenue was down 4.5% on a year-over-year basis. As a group, sell-side analysts expect that Innospec Inc. will post 5.88 earnings per share for the current year.

Innospec Increases Dividend

The business also recently disclosed a Semi-Annual dividend, which was paid on Tuesday, November 26th. Stockholders of record on Monday, November 18th were paid a $0.79 dividend. This is a positive change from Innospec’s previous Semi-Annual dividend of $0.72. This represents a dividend yield of 1.3%. The ex-dividend date was Monday, November 18th. Innospec’s dividend payout ratio is currently 27.57%.

Innospec Profile

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.