Public Employees Retirement System of Ohio Increases Stock Holdings in Innospec Inc. (NASDAQ:IOSP)

Public Employees Retirement System of Ohio grew its holdings in shares of Innospec Inc. (NASDAQ:IOSP) by 17.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,474 shares of the specialty chemicals company’s stock after purchasing an additional 2,266 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.06% of Innospec worth $1,750,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Louisiana State Employees Retirement System increased its holdings in Innospec by 1.6% during the second quarter. Louisiana State Employees Retirement System now owns 12,500 shares of the specialty chemicals company’s stock valued at $1,545,000 after buying an additional 200 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Innospec by 2.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 258,294 shares of the specialty chemicals company’s stock worth $31,923,000 after acquiring an additional 6,148 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Innospec by 9.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,925 shares of the specialty chemicals company’s stock worth $732,000 after acquiring an additional 502 shares during the period. Panagora Asset Management Inc. lifted its holdings in Innospec by 60.1% during the second quarter. Panagora Asset Management Inc. now owns 77,389 shares of the specialty chemicals company’s stock valued at $9,565,000 after purchasing an additional 29,045 shares in the last quarter. Finally, Ingalls & Snyder LLC bought a new position in shares of Innospec in the second quarter worth approximately $3,534,000. Institutional investors own 96.64% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Innospec from a “strong-buy” rating to a “buy” rating in a research report on Wednesday.

Insider Buying and Selling

In related news, Director Milton C. Blackmore sold 1,035 shares of the firm’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $122.92, for a total value of $127,222.20. Following the completion of the sale, the director now directly owns 9,028 shares in the company, valued at $1,109,721.76. This trade represents a 10.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.52% of the stock is currently owned by company insiders.

Innospec Stock Performance

IOSP opened at $109.38 on Thursday. The stock has a market capitalization of $2.73 billion, a price-to-earnings ratio of 19.09 and a beta of 1.09. The company has a fifty day moving average of $115.67 and a 200 day moving average of $117.20. Innospec Inc. has a fifty-two week low of $103.97 and a fifty-two week high of $133.71.

Innospec (NASDAQ:IOSP) last posted its earnings results on Tuesday, November 5th. The specialty chemicals company reported $1.35 EPS for the quarter, meeting analysts’ consensus estimates of $1.35. The firm had revenue of $443.40 million during the quarter, compared to the consensus estimate of $442.13 million. Innospec had a return on equity of 13.33% and a net margin of 7.68%. The company’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.59 EPS. On average, equities research analysts forecast that Innospec Inc. will post 5.88 earnings per share for the current year.

Innospec Increases Dividend

The firm also recently declared a Semi-Annual dividend, which was paid on Tuesday, November 26th. Investors of record on Monday, November 18th were issued a $0.79 dividend. This is an increase from Innospec’s previous Semi-Annual dividend of $0.72. The ex-dividend date of this dividend was Monday, November 18th. This represents a dividend yield of 1.3%. Innospec’s dividend payout ratio (DPR) is presently 27.57%.

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.