Innospec Inc. (NASDAQ:IOSP) Shares Acquired by Barclays PLC

Barclays PLC boosted its stake in Innospec Inc. (NASDAQ:IOSP - Free Report) by 357.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 44,559 shares of the specialty chemicals company's stock after acquiring an additional 34,811 shares during the quarter. Barclays PLC owned about 0.18% of Innospec worth $5,039,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Public Employees Retirement System of Ohio boosted its stake in shares of Innospec by 17.2% in the third quarter. Public Employees Retirement System of Ohio now owns 15,474 shares of the specialty chemicals company's stock valued at $1,750,000 after purchasing an additional 2,266 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in Innospec in the 3rd quarter worth $1,204,000. Wolverine Trading LLC purchased a new position in Innospec in the 3rd quarter valued at about $285,000. State Street Corp grew its stake in shares of Innospec by 2.1% during the third quarter. State Street Corp now owns 996,281 shares of the specialty chemicals company's stock valued at $112,669,000 after acquiring an additional 20,744 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Innospec during the third quarter worth about $215,000. Institutional investors and hedge funds own 96.64% of the company's stock.

Insider Buying and Selling at Innospec

In other Innospec news, Director Milton C. Blackmore sold 1,035 shares of Innospec stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $122.92, for a total value of $127,222.20. Following the completion of the transaction, the director now owns 9,028 shares of the company's stock, valued at $1,109,721.76. The trade was a 10.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.52% of the stock is currently owned by insiders.

Innospec Stock Up 0.5 %

Shares of Innospec stock traded up $0.54 on Friday, hitting $109.71. 815,787 shares of the company's stock traded hands, compared to its average volume of 111,774. Innospec Inc. has a 52-week low of $103.97 and a 52-week high of $133.71. The stock has a market cap of $2.74 billion, a P/E ratio of 19.15 and a beta of 1.09. The firm's 50-day moving average is $115.50 and its 200 day moving average is $116.88.

Innospec (NASDAQ:IOSP - Get Free Report) last posted its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $442.13 million. Innospec had a net margin of 7.68% and a return on equity of 13.33%. The firm's revenue was down 4.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.59 EPS. Equities research analysts forecast that Innospec Inc. will post 5.88 EPS for the current year.

Innospec Increases Dividend

The company also recently disclosed 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 a positive change from Innospec's previous Semi-Annual dividend of $0.72. This represents a yield of 1.3%. The ex-dividend date was Monday, November 18th. Innospec's payout ratio is currently 27.57%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Innospec from a "strong-buy" rating to a "buy" rating in a research note on Wednesday.

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.