New York State Teachers Retirement System Purchases 200 Shares of Innospec Inc. (NASDAQ:IOSP)

New York State Teachers Retirement System grew its holdings in shares of Innospec Inc. (NASDAQ:IOSP) by 1.4% in the 4th quarter, Holdings Channel reports. The fund owned 14,981 shares of the specialty chemicals company’s stock after buying an additional 200 shares during the period. New York State Teachers Retirement System’s holdings in Innospec were worth $1,649,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of IOSP. Blue Trust Inc. increased its stake in shares of Innospec by 503.9% in the third quarter. Blue Trust Inc. now owns 779 shares of the specialty chemicals company’s stock valued at $96,000 after buying an additional 650 shares during the period. Raymond James & Associates increased its stake in shares of Innospec by 10.0% in the 3rd quarter. Raymond James & Associates now owns 83,843 shares of the specialty chemicals company’s stock valued at $9,482,000 after acquiring an additional 7,616 shares in the last quarter. Assenagon Asset Management S.A. increased its position in Innospec by 12.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 135,369 shares of the specialty chemicals company’s stock valued at $15,309,000 after buying an additional 15,287 shares in the last quarter. US Bancorp DE boosted its holdings in Innospec by 323.6% in the third quarter. US Bancorp DE now owns 5,490 shares of the specialty chemicals company’s stock worth $621,000 after acquiring an additional 4,194 shares in the last quarter. Finally, Leeward Investments LLC MA lifted its stake in shares of Innospec by 22.4% in the third quarter. Leeward Investments LLC MA now owns 86,004 shares of the specialty chemicals company’s stock valued at $9,726,000 after buying an additional 15,750 shares in the last quarter. Institutional investors and hedge funds own 96.64% of the company’s stock.

Wall Street Analyst Weigh In

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

Innospec Stock Up 0.3 %

Innospec stock opened at $103.46 on Friday. The company has a market capitalization of $2.58 billion, a P/E ratio of 72.86 and a beta of 1.09. The firm has a 50 day moving average price of $110.87 and a 200-day moving average price of $112.39. Innospec Inc. has a twelve month low of $99.49 and a twelve month high of $133.71.

Innospec (NASDAQ:IOSP) last issued its quarterly earnings data on Tuesday, February 18th. The specialty chemicals company reported $1.41 EPS for the quarter, beating the consensus estimate of $1.36 by $0.05. The company had revenue of $466.80 million during the quarter, compared to analysts’ expectations of $447.43 million. Innospec had a net margin of 1.93% and a return on equity of 12.27%. Equities analysts expect that Innospec Inc. will post 6.18 EPS for the current fiscal year.

Innospec 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.