Innospec Inc. (NASDAQ:IOSP)’s share price rose 1.9% during trading on Friday . The company traded as high as $51.02 and last traded at $50.86, with a volume of 54,820 shares trading hands. The stock had previously closed at $49.92.

IOSP has been the topic of a number of recent analyst reports. KeyCorp upgraded shares of Innospec from a “sector weight” rating to an “overweight” rating and set a $53.00 price target on the stock in a research report on Tuesday, April 5th. Zacks Investment Research upgraded shares of Innospec from a “hold” rating to a “buy” rating and set a $54.00 price target on the stock in a research report on Friday, May 6th.

The stock has a 50-day moving average price of $47.72 and a 200 day moving average price of $47.03. The company has a market cap of $1.21 billion and a P/E ratio of 10.25.

Innospec (NASDAQ:IOSP) last issued its quarterly earnings data on Tuesday, May 3rd. The company reported $0.93 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.16. The company earned $212.10 million during the quarter, compared to the consensus estimate of $252.15 million. Innospec’s revenue was down 21.2% compared to the same quarter last year. Equities research analysts anticipate that Innospec Inc. will post $3.35 EPS for the current fiscal year.

A number of institutional investors have added to or reduced their stakes in IOSP. Dimensional Fund Advisors LP raised its position in Innospec by 10.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,120,831 shares of the company’s stock worth $60,873,000 after buying an additional 102,451 shares in the last quarter. Principal Financial Group Inc. raised its position in Innospec by 4.4% in the fourth quarter. Principal Financial Group Inc. now owns 164,177 shares of the company’s stock worth $8,916,000 after buying an additional 6,875 shares in the last quarter. Schroder Investment Management Group acquired a new position in Innospec during the fourth quarter worth approximately $8,255,000. New Amsterdam Partners LLC NY raised its position in Innospec by 2.4% in the fourth quarter. New Amsterdam Partners LLC NY now owns 137,217 shares of the company’s stock worth $7,452,000 after buying an additional 3,274 shares in the last quarter. Finally, WBI Investments Inc. acquired a new position in Innospec during the fourth quarter worth approximately $6,179,000.

Innospec Inc develops, manufactures, blends, markets and supplies fuel additives, oilfield chemicals, personal care and fragrance ingredients and other specialty chemicals. The Company operates in three segments: Fuel Specialties, Performance Chemicals and Octane Additives. The Company’s products are sold to oil and gas exploration and production companies, oil refineries, personal care and fragrance companies, and other chemical and industrial companies.

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