Sanctuary Advisors LLC Makes New Investment in Innospec Inc. (NASDAQ:IOSP)

Sanctuary Advisors LLC bought a new position in Innospec Inc. (NASDAQ:IOSP) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,927 shares of the specialty chemicals company’s stock, valued at approximately $233,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Creative Planning boosted its position in Innospec by 4.3% in the second quarter. Creative Planning now owns 4,762 shares of the specialty chemicals company’s stock worth $589,000 after purchasing an additional 195 shares during the last quarter. Mackenzie Financial Corp boosted its position in Innospec by 12.1% in the second quarter. Mackenzie Financial Corp now owns 3,391 shares of the specialty chemicals company’s stock worth $419,000 after purchasing an additional 367 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in Innospec by 3.9% in the second quarter. The Manufacturers Life Insurance Company now owns 13,892 shares of the specialty chemicals company’s stock worth $1,717,000 after purchasing an additional 522 shares during the last quarter. AQR Capital Management LLC boosted its position in Innospec by 51.9% in the second quarter. AQR Capital Management LLC now owns 24,232 shares of the specialty chemicals company’s stock worth $2,995,000 after purchasing an additional 8,276 shares during the last quarter. Finally, Cubist Systematic Strategies LLC boosted its position in Innospec by 117.3% in the second quarter. Cubist Systematic Strategies LLC now owns 81,311 shares of the specialty chemicals company’s stock worth $10,049,000 after purchasing an additional 43,898 shares during the last quarter. 96.64% of the stock is owned by hedge funds and other institutional investors.

Innospec Stock Down 2.1 %

IOSP stock opened at $113.31 on Friday. Innospec Inc. has a twelve month low of $95.69 and a twelve month high of $133.71. The stock has a market cap of $2.83 billion, a P/E ratio of 19.24 and a beta of 1.07. The business’s 50-day moving average price is $111.26 and its 200-day moving average price is $119.95.

Innospec (NASDAQ:IOSP) last posted its quarterly earnings data on Tuesday, August 6th. The specialty chemicals company reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.02. Innospec had a return on equity of 14.15% and a net margin of 7.90%. The firm had revenue of $435.00 million for the quarter, compared to analysts’ expectations of $468.73 million. During the same period in the previous year, the firm earned $1.28 EPS. The business’s quarterly revenue was down 9.5% on a year-over-year basis. On average, equities research analysts expect that Innospec Inc. will post 5.95 earnings per share for the current fiscal year.

Insider Activity at Innospec

In related news, CFO Ian Cleminson sold 6,602 shares of Innospec stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $113.60, for a total transaction of $749,987.20. Following the sale, the chief financial officer now owns 16,394 shares of the company’s stock, valued at approximately $1,862,358.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.52% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

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

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.