Innospec Inc. (NASDAQ:IOSP) Shares Acquired by New York State Teachers Retirement System

New York State Teachers Retirement System raised its stake in Innospec Inc. (NASDAQ:IOSP) by 1.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 14,981 shares of the specialty chemicals company’s stock after purchasing an additional 200 shares during the period. New York State Teachers Retirement System owned 0.06% of Innospec worth $1,649,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. Pacer Advisors Inc. acquired a new stake in Innospec during the fourth quarter valued at approximately $53,457,000. KBC Group NV increased its stake in shares of Innospec by 82.3% during the 4th quarter. KBC Group NV now owns 1,236 shares of the specialty chemicals company’s stock worth $136,000 after purchasing an additional 558 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Innospec by 54.2% during the 4th quarter. Blue Trust Inc. now owns 1,201 shares of the specialty chemicals company’s stock worth $136,000 after buying an additional 422 shares during the period. Ballentine Partners LLC boosted its holdings in Innospec by 11.0% in the 4th quarter. Ballentine Partners LLC now owns 2,968 shares of the specialty chemicals company’s stock valued at $327,000 after purchasing an additional 295 shares during the period. Finally, ZWJ Investment Counsel Inc. raised its stake in shares of Innospec by 0.6% in the 4th quarter. ZWJ Investment Counsel Inc. now owns 43,426 shares of the specialty chemicals company’s stock valued at $4,779,000 after buying an additional 279 shares in the last quarter. Institutional investors own 96.64% of the company’s stock.

Innospec Trading Up 0.3 %

IOSP opened at $103.46 on Friday. The stock has a market capitalization of $2.58 billion, a PE ratio of 72.86 and a beta of 1.09. Innospec Inc. has a 1-year low of $99.49 and a 1-year high of $133.71. The firm has a 50-day moving average price of $110.87 and a two-hundred day moving average price of $112.39.

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

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Innospec from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 11th.

About Innospec

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.