Paradigm Capital Management Inc. NY held its stake in Innospec Inc. (NASDAQ:IOSP) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,425 shares of the specialty chemicals company’s stock at the close of the second quarter. Paradigm Capital Management Inc. NY’s holdings in Innospec were worth $618,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. BlackRock Inc. increased its position in shares of Innospec by 29,556.5% during the first quarter. BlackRock Inc. now owns 2,971,282 shares of the specialty chemicals company’s stock worth $192,389,000 after purchasing an additional 2,961,263 shares in the last quarter. Emerald Advisers Inc. PA increased its position in shares of Innospec by 4.2% during the second quarter. Emerald Advisers Inc. PA now owns 257,253 shares of the specialty chemicals company’s stock worth $16,863,000 after purchasing an additional 10,317 shares in the last quarter. American Century Companies Inc. increased its position in shares of Innospec by 1.6% during the second quarter. American Century Companies Inc. now owns 361,036 shares of the specialty chemicals company’s stock worth $23,666,000 after purchasing an additional 5,661 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Innospec by 1.8% during the first quarter. Dimensional Fund Advisors LP now owns 1,348,607 shares of the specialty chemicals company’s stock worth $87,321,000 after purchasing an additional 23,252 shares in the last quarter. Finally, State Street Corp increased its position in shares of Innospec by 8.1% during the first quarter. State Street Corp now owns 569,505 shares of the specialty chemicals company’s stock worth $36,873,000 after purchasing an additional 42,831 shares in the last quarter. 91.70% of the stock is currently owned by institutional investors and hedge funds.

Innospec Inc. (NASDAQ IOSP) opened at 56.15 on Thursday. The firm has a market capitalization of $1.36 billion, a P/E ratio of 17.88 and a beta of 1.18. Innospec Inc. has a 52-week low of $54.10 and a 52-week high of $74.75. The company has a 50 day moving average price of $58.25 and a 200 day moving average price of $62.63.

Innospec (NASDAQ:IOSP) last released its quarterly earnings data on Tuesday, August 8th. The specialty chemicals company reported $1.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.08. The business had revenue of $326.30 million during the quarter. Innospec had a net margin of 7.22% and a return on equity of 14.77%. On average, equities analysts forecast that Innospec Inc. will post $4.28 EPS for the current fiscal year.

Several research firms recently issued reports on IOSP. Zacks Investment Research downgraded Innospec from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 12th. BidaskClub downgraded Innospec from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. ValuEngine downgraded Innospec from a “buy” rating to a “hold” rating in a research report on Monday, August 7th. Finally, Monness Crespi & Hardt raised Innospec from a “neutral” rating to a “buy” rating and set a $65.00 target price on the stock in a research report on Tuesday, August 22nd.

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Innospec Company Profile

Innospec Inc is a specialty chemicals company engaged in developing, manufacturing, blending, marketing and supplying of specialty chemicals for use as fuel additives and ingredients for personal care, home care, agrochemical, mining and other applications and oilfield chemicals. The Company operates through four business segments: Fuel Specialties, Performance Chemicals, Oilfield Services and Octane Additives.

Institutional Ownership by Quarter for Innospec (NASDAQ:IOSP)

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