Innospec Inc. (NASDAQ:IOSP) SVP Sells $61,629.88 in Stock

Innospec Inc. (NASDAQ:IOSP) SVP Corbin Barnes sold 598 shares of Innospec stock in a transaction on Monday, February 24th. The stock was sold at an average price of $103.06, for a total transaction of $61,629.88. Following the sale, the senior vice president now owns 8,051 shares in the company, valued at $829,736.06. This represents a 6.91 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Corbin Barnes also recently made the following trade(s):

• On Friday, February 21st, Corbin Barnes sold 2,692 shares of Innospec stock. The stock was sold at an average price of $103.30, for a total transaction of $278,083.60.

Innospec Stock Performance

NASDAQ IOSP opened at $103.41 on Friday. The firm has a market cap of $2.58 billion, a PE ratio of 72.82 and a beta of 1.09. Innospec Inc. has a one year low of $99.49 and a one year high of $133.71. The firm’s fifty day moving average is $110.19 and its two-hundred day moving average is $112.25.

Innospec (NASDAQ:IOSP) last posted its quarterly earnings data on Tuesday, February 18th. The specialty chemicals company reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.36 by $0.05. The company had revenue of $466.80 million for the quarter, compared to analyst estimates of $447.43 million. Innospec had a net margin of 1.93% and a return on equity of 12.27%. Research analysts predict that Innospec Inc. will post 6.18 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Innospec from a “buy” rating to a “hold” rating in a research note on Wednesday.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of IOSP. Blue Trust Inc. increased its stake in Innospec by 503.9% in the third quarter. Blue Trust Inc. now owns 779 shares of the specialty chemicals company’s stock valued at $96,000 after purchasing an additional 650 shares during the period. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Innospec in the fourth quarter valued at about $106,000. Covestor Ltd boosted its holdings in shares of Innospec by 13.9% in the fourth quarter. Covestor Ltd now owns 967 shares of the specialty chemicals company’s stock valued at $106,000 after acquiring an additional 118 shares in the last quarter. KBC Group NV boosted its holdings in shares of Innospec by 82.3% in the fourth quarter. KBC Group NV now owns 1,236 shares of the specialty chemicals company’s stock valued at $136,000 after acquiring an additional 558 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of Innospec by 91.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,802 shares of the specialty chemicals company’s stock valued at $198,000 after acquiring an additional 863 shares in the last quarter. 96.64% of the stock is currently owned by institutional investors and hedge funds.

Innospec Company 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.