Jacobs Levy Equity Management Inc. Acquires 15,545 Shares of Innospec Inc. (NASDAQ:IOSP)

Jacobs Levy Equity Management Inc. lifted its position in Innospec Inc. (NASDAQ:IOSP - Free Report) by 121.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 28,363 shares of the specialty chemicals company's stock after buying an additional 15,545 shares during the period. Jacobs Levy Equity Management Inc. owned about 0.11% of Innospec worth $3,208,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Assenagon Asset Management S.A. boosted its holdings in Innospec by 98.4% in the second quarter. Assenagon Asset Management S.A. now owns 120,082 shares of the specialty chemicals company's stock worth $14,841,000 after purchasing an additional 59,554 shares during the last quarter. US Bancorp DE increased its position in Innospec by 323.6% during the third quarter. US Bancorp DE now owns 5,490 shares of the specialty chemicals company's stock valued at $621,000 after acquiring an additional 4,194 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Innospec by 3.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 336,522 shares of the specialty chemicals company's stock valued at $38,057,000 after acquiring an additional 11,479 shares during the period. Quest Partners LLC boosted its position in Innospec by 2,699.6% in the second quarter. Quest Partners LLC now owns 13,802 shares of the specialty chemicals company's stock worth $1,706,000 after purchasing an additional 13,309 shares during the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of Innospec by 660.1% during the 2nd quarter. SG Americas Securities LLC now owns 9,767 shares of the specialty chemicals company's stock valued at $1,207,000 after purchasing an additional 8,482 shares during the period. 96.64% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Milton C. Blackmore sold 1,035 shares of the company's stock in a transaction 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 completion of the transaction, the director now owns 9,028 shares in the company, valued at approximately $1,109,721.76. This represents a 10.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.52% of the stock is currently owned by company insiders.

Innospec Price Performance

Shares of NASDAQ:IOSP traded down $0.98 during trading on Friday, hitting $116.16. The company's stock had a trading volume of 70,232 shares, compared to its average volume of 126,719. The company has a 50-day moving average of $115.08 and a 200-day moving average of $117.99. The firm has a market cap of $2.90 billion, a price-to-earnings ratio of 20.27 and a beta of 1.09. Innospec Inc. has a 12 month low of $103.97 and a 12 month high of $133.71.

Innospec (NASDAQ:IOSP - Get Free Report) last issued its quarterly earnings data on Tuesday, November 5th. The specialty chemicals company reported $1.35 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.35. The firm had revenue of $443.40 million during 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 company's revenue for the quarter was down 4.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.59 EPS. As a group, research analysts anticipate that Innospec Inc. will post 5.88 earnings per share for the current year.

Innospec Increases Dividend

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

Innospec Company 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.