Burney Co. Acquires New Stake in Innospec Inc. (NASDAQ:IOSP)

Burney Co. acquired a new stake in Innospec Inc. (NASDAQ:IOSP - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 27,435 shares of the specialty chemicals company's stock, valued at approximately $3,019,000. Burney Co. owned approximately 0.11% of Innospec as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of IOSP. Blue Trust Inc. raised its stake in Innospec by 503.9% during the 3rd quarter. Blue Trust Inc. now owns 779 shares of the specialty chemicals company's stock worth $96,000 after buying an additional 650 shares during the period. nVerses Capital LLC increased its holdings in shares of Innospec by 200.0% during the third quarter. nVerses Capital LLC now owns 900 shares of the specialty chemicals company's stock valued at $102,000 after acquiring an additional 600 shares in the last quarter. Point72 DIFC Ltd acquired a new position in shares of Innospec during the second quarter worth approximately $184,000. Point72 Asset Management L.P. bought a new position in shares of Innospec in the 3rd quarter worth $215,000. Finally, Sanctuary Advisors LLC acquired a new stake in Innospec in the 2nd quarter valued at $233,000. Institutional investors and hedge funds own 96.64% of the company's stock.

Innospec Trading Down 0.1 %

NASDAQ IOSP traded down $0.16 during trading hours on Thursday, hitting $112.90. The company's stock had a trading volume of 124,615 shares, compared to its average volume of 96,581. The company has a market capitalization of $2.82 billion, a PE ratio of 19.70 and a beta of 1.09. Innospec Inc. has a 52 week low of $103.65 and a 52 week high of $133.71. The company's 50-day simple moving average is $114.44 and its two-hundred day simple moving average is $114.91.

Innospec (NASDAQ:IOSP - Get Free Report) last posted its earnings results on Tuesday, November 5th. The specialty chemicals company reported $1.35 earnings per share for the quarter, meeting analysts' consensus estimates of $1.35. Innospec had a return on equity of 13.33% and a net margin of 7.68%. The company had revenue of $443.40 million for the quarter, compared to analyst estimates of $442.13 million. During the same quarter last year, the company earned $1.59 earnings per share. The company's revenue for the quarter was down 4.5% on a year-over-year basis. Research analysts anticipate that Innospec Inc. will post 5.88 EPS for the current fiscal year.

Innospec Increases Dividend

The company also recently disclosed a Semi-Annual dividend, which was paid on Tuesday, November 26th. Shareholders of record on Monday, November 18th were issued a dividend of $0.79 per share. This represents a yield of 1.3%. 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. Innospec's payout ratio is currently 27.57%.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Innospec from a "strong-buy" rating to a "buy" rating in a research note on Saturday, January 11th.

Insider Transactions at Innospec

In other Innospec news, Director Milton C. Blackmore sold 1,035 shares of Innospec stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $122.92, for a total transaction of $127,222.20. Following the transaction, the director now owns 9,028 shares of the company's stock, valued at $1,109,721.76. This trade represents a 10.29 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.35% of the company's stock.

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.