Innospec Inc. (NASDAQ:IOSP) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $59.93 and last traded at $58.41, with a volume of 147,262 shares trading hands. The stock had previously closed at $57.73.

IOSP has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Innospec from a “sell” rating to a “hold” rating in a report on Wednesday, April 20th. Monness Crespi & Hardt raised shares of Innospec from a “neutral” rating to a “buy” rating and set a $60.00 price objective for the company in a research report on Thursday. Finally, CJS Securities raised shares of Innospec from a “market perform” rating to an “outperform” rating and set a $63.00 price objective for the company in a research report on Friday.

The company’s 50-day moving average price is $48.95 and its 200 day moving average price is $47.11. The company has a market capitalization of $1.40 billion and a price-to-earnings ratio of 12.47.

Innospec (NASDAQ:IOSP) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.15. The business earned $228 million during the quarter, compared to analyst estimates of $230.30 million. The firm’s quarterly revenue was down 6.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.02 earnings per share. On average, equities research analysts forecast that Innospec Inc. will post $3.55 EPS for the current fiscal year.

A number of large investors have modified their holdings of IOSP. Dimensional Fund Advisors LP raised its stake in shares of Innospec by 10.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,120,831 shares of the company’s stock valued at $60,873,000 after buying an additional 102,451 shares during the last quarter. WBI Investments Inc. acquired a new stake in shares of Innospec during the fourth quarter valued at about $6,179,000. Schroder Investment Management Group acquired a new stake in shares of Innospec during the fourth quarter valued at about $8,255,000. Bank of Montreal Can raised its stake in shares of Innospec by 559.6% in the fourth quarter. Bank of Montreal Can now owns 61,958 shares of the company’s stock valued at $3,365,000 after buying an additional 52,565 shares during the last quarter. Finally, New York State Common Retirement Fund raised its stake in shares of Innospec by 10.0% in the fourth quarter. New York State Common Retirement Fund now owns 24,300 shares of the company’s stock valued at $1,320,000 after buying an additional 2,200 shares during the last quarter.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.