Innospec Inc. (NASDAQ:IOSP) Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund lessened its holdings in Innospec Inc. (NASDAQ:IOSP) by 3.5% during the 4th quarter, Holdings Channel reports. The firm owned 14,065 shares of the specialty chemicals company’s stock after selling 512 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Innospec were worth $1,733,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of IOSP. Tocqueville Asset Management L.P. purchased a new stake in Innospec during the 3rd quarter worth about $203,000. Stonegate Investment Group LLC acquired a new stake in shares of Innospec during the 4th quarter worth about $204,000. Evergreen Capital Management LLC grew its holdings in shares of Innospec by 10.2% during the third quarter. Evergreen Capital Management LLC now owns 2,210 shares of the specialty chemicals company’s stock worth $226,000 after buying an additional 205 shares in the last quarter. Oak Thistle LLC acquired a new position in shares of Innospec in the third quarter valued at approximately $229,000. Finally, Nisa Investment Advisors LLC lifted its stake in shares of Innospec by 5.4% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,960 shares of the specialty chemicals company’s stock valued at $242,000 after buying an additional 100 shares during the period. 96.64% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Innospec

In other news, VP Philip John Boon sold 3,715 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $122.07, for a total transaction of $453,490.05. Following the transaction, the vice president now directly owns 18,516 shares in the company, valued at approximately $2,260,248.12. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, VP Philip John Boon sold 3,715 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $122.07, for a total transaction of $453,490.05. Following the completion of the sale, the vice president now directly owns 18,516 shares of the company’s stock, valued at approximately $2,260,248.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Hardy Louis Griffin III sold 1,875 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $122.07, for a total value of $228,881.25. Following the completion of the transaction, the senior vice president now directly owns 5,000 shares in the company, valued at $610,350. The disclosure for this sale can be found here. Insiders sold 36,500 shares of company stock worth $4,532,959 in the last 90 days. 1.52% of the stock is owned by company insiders.

Innospec Stock Performance

IOSP stock opened at $121.12 on Friday. The company has a 50 day moving average price of $124.35 and a two-hundred day moving average price of $115.77. The stock has a market capitalization of $3.02 billion, a P/E ratio of 21.75 and a beta of 1.10. Innospec Inc. has a one year low of $91.74 and a one year high of $131.18.

Innospec (NASDAQ:IOSP) last announced its quarterly earnings data on Tuesday, February 13th. The specialty chemicals company reported $1.84 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.25. Innospec had a return on equity of 13.69% and a net margin of 7.14%. The business had revenue of $494.70 million during the quarter, compared to the consensus estimate of $479.47 million. During the same quarter in the previous year, the business earned $1.20 earnings per share. The business’s revenue for the quarter was down 3.1% on a year-over-year basis. Research analysts forecast that Innospec Inc. will post 6.77 earnings per share for the current fiscal year.

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.