Thrivent Financial For Lutherans increased its stake in shares of Innospec Inc. (NASDAQ:IOSP) by 2.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 149,888 shares of the specialty chemicals company’s stock after acquiring an additional 3,030 shares during the quarter. Thrivent Financial For Lutherans owned approximately 0.62% of Innospec worth $9,825,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Amalgamated Bank boosted its stake in Innospec by 1.8% during the second quarter. Amalgamated Bank now owns 3,257 shares of the specialty chemicals company’s stock worth $213,000 after acquiring an additional 57 shares in the last quarter. Arizona State Retirement System boosted its stake in Innospec by 0.8% during the second quarter. Arizona State Retirement System now owns 12,600 shares of the specialty chemicals company’s stock worth $826,000 after acquiring an additional 100 shares in the last quarter. Loews Corp boosted its stake in Innospec by 2.0% during the second quarter. Loews Corp now owns 5,192 shares of the specialty chemicals company’s stock worth $340,000 after acquiring an additional 100 shares in the last quarter. Rhumbline Advisers boosted its stake in Innospec by 0.4% during the second quarter. Rhumbline Advisers now owns 50,121 shares of the specialty chemicals company’s stock worth $3,285,000 after acquiring an additional 178 shares in the last quarter. Finally, Texas Permanent School Fund boosted its stake in Innospec by 1.1% during the second quarter. Texas Permanent School Fund now owns 17,618 shares of the specialty chemicals company’s stock worth $1,155,000 after acquiring an additional 190 shares in the last quarter. 90.74% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION WARNING: “Innospec Inc. (IOSP) Shares Bought by Thrivent Financial For Lutherans” was first published by Daily Political and is owned by of Daily Political. If you are reading this story on another website, it was illegally stolen and reposted in violation of US and international copyright legislation. The correct version of this story can be accessed at https://www.dailypolitical.com/2017/09/23/innospec-inc-iosp-shares-bought-by-thrivent-financial-for-lutherans.html.

Innospec Inc. (NASDAQ IOSP) opened at 58.35 on Friday. The company’s 50-day moving average is $57.40 and its 200 day moving average is $62.28. The company has a market capitalization of $1.41 billion, a price-to-earnings ratio of 18.58 and a beta of 1.18. Innospec Inc. has a 52 week low of $54.10 and a 52 week high of $74.75.

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

Several research analysts recently issued reports on IOSP shares. Monness Crespi & Hardt raised shares of Innospec from a “neutral” rating to a “buy” rating and set a $65.00 target price on the stock in a research note on Tuesday, August 22nd. Zacks Investment Research raised shares of Innospec from a “hold” rating to a “buy” rating and set a $64.00 target price on the stock in a research note on Wednesday, August 16th. ValuEngine lowered shares of Innospec from a “buy” rating to a “hold” rating in a research note on Monday, August 7th. Finally, BidaskClub lowered shares of Innospec from a “hold” rating to a “sell” rating in a research note on Thursday, June 22nd.

Innospec 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.

Want to see what other hedge funds are holding IOSP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Innospec Inc. (NASDAQ:IOSP).

Institutional Ownership by Quarter for Innospec (NASDAQ:IOSP)

Receive News & Ratings for Innospec Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Innospec Inc. and related companies with MarketBeat.com's FREE daily email newsletter.