Diversified Trust Co Sells 4,937 Shares of Innospec Inc. (NASDAQ:IOSP)

Diversified Trust Co cut its position in Innospec Inc. (NASDAQ:IOSP) by 44.3% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 6,217 shares of the specialty chemicals company’s stock after selling 4,937 shares during the period. Diversified Trust Co’s holdings in Innospec were worth $802,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Innospec by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 2,953,918 shares of the specialty chemicals company’s stock valued at $364,041,000 after buying an additional 12,562 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Innospec by 3.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 307,490 shares of the specialty chemicals company’s stock valued at $37,895,000 after buying an additional 8,855 shares in the last quarter. Norges Bank bought a new position in shares of Innospec in the fourth quarter valued at $25,925,000. Eagle Asset Management Inc. grew its stake in shares of Innospec by 4.6% in the fourth quarter. Eagle Asset Management Inc. now owns 198,344 shares of the specialty chemicals company’s stock valued at $24,444,000 after buying an additional 8,644 shares in the last quarter. Finally, Sei Investments Co. grew its stake in shares of Innospec by 8.7% in the third quarter. Sei Investments Co. now owns 128,506 shares of the specialty chemicals company’s stock valued at $13,133,000 after buying an additional 10,268 shares in the last quarter. 96.64% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, SVP Hardy Louis Griffin III sold 525 shares of Innospec stock in a transaction on Monday, May 20th. The stock was sold at an average price of $129.78, for a total transaction of $68,134.50. Following the completion of the sale, the senior vice president now owns 4,523 shares of the company’s stock, valued at $586,994.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.35% of the company’s stock.

Innospec Price Performance

IOSP stock opened at $122.42 on Wednesday. The company has a fifty day moving average price of $125.73 and a two-hundred day moving average price of $123.35. Innospec Inc. has a one year low of $95.69 and a one year high of $133.71. The stock has a market cap of $3.05 billion, a price-to-earnings ratio of 20.78 and a beta of 1.11.

Innospec (NASDAQ:IOSP) last released its quarterly earnings data on Thursday, May 9th. The specialty chemicals company reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.11. Innospec had a net margin of 7.60% and a return on equity of 14.22%. The firm had revenue of $500.20 million during the quarter, compared to analysts’ expectations of $508.15 million. Research analysts anticipate that Innospec Inc. will post 6.7 EPS for the current fiscal year.

Innospec Dividend Announcement

The business also recently disclosed a Semi-Annual dividend, which was paid on Friday, May 31st. Shareholders of record on Monday, May 20th were given a dividend of $0.72 per share. The ex-dividend date was Friday, May 17th. This represents a yield of 1.2%. Innospec’s dividend payout ratio (DPR) is 25.81%.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Innospec from a “buy” rating to a “strong-buy” rating in a research note on Friday, May 10th.

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.