19 hours Ago By ABMN Staff
KLP Kapitalforvaltning AS acquired a new stake in Innospec Inc. ( NASDAQ:IOSP – Free Report ) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 5,000 shares of the specialty chemicals company’s stock, valued at approximately $550,000.
A number of other institutional investors and hedge funds have also made changes to their positions in the company. Blue Trust Inc. increased its position in Innospec by 54.
2% during the 4th quarter. Blue Trust Inc. now owns 1,201 shares of the specialty chemicals company’s stock worth $136,000 after purchasing an additional 422 shares during the period.
KBC Group NV boosted its stake in shares of Innospec by 82.3% in the fourth quarter. KBC Group NV now owns 1,236 shares of the specialty chemicals company’s stock valued at $136,000 after buying an additional 558 shares in the last quarter.
Smartleaf Asset Management LLC boosted its stake in shares of Innospec by 91.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,802 shares of the specialty chemicals company’s stock valued at $198,000 after buying an additional 863 shares in the last quarter.
PNC Financial Services Group Inc. grew its holdings in Innospec by 8.8% during the fourth quarter.
PNC Financial Services Group Inc. now owns 1,868 shares of the specialty chemicals company’s stock worth $206,000 after acquiring an additional 151 shares during the period. Finally, Point72 Asset Management L.
P. purchased a new position in Innospec in the third quarter worth $215,000. 96.
64% of the stock is currently owned by institutional investors and hedge funds. Innospec Trading Up 1.2 % Shares of IOSP opened at $95.
65 on Thursday. Innospec Inc. has a twelve month low of $93.
22 and a twelve month high of $133.71. The firm has a market capitalization of $2.
40 billion, a P/E ratio of 67.36 and a beta of 1.08.
The firm’s 50-day moving average is $104.24 and its two-hundred day moving average is $110.26.
Innospec declared that its board has authorized a share repurchase plan on Monday, March 10th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the specialty chemicals company to reacquire up to 2% of its shares through open market purchases.
Shares repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued. Analyst Upgrades and Downgrades Separately, StockNews.com cut shares of Innospec from a “buy” rating to a “hold” rating in a research note on Wednesday.
Get Our Latest Report on Innospec Insider Activity In other Innospec news, VP Philip John Boon sold 3,754 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $103.30, for a total transaction of $387,788.
20. Following the completion of the transaction, the vice president now owns 20,079 shares of the company’s stock, valued at approximately $2,074,160.70.
This trade represents a 15.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link .
Also, SVP Corbin Barnes sold 2,692 shares of the business’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $103.30, for a total value of $278,083.
60. Following the completion of the transaction, the senior vice president now directly owns 8,051 shares of the company’s stock, valued at approximately $831,668.30.
This trade represents a 25.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here .
Insiders sold a total of 7,696 shares of company stock worth $794,853 over the last 90 days. 1.52% of the stock is currently owned by corporate insiders.
Innospec Profile ( Free Report ) 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. Read More 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 – Free Report ). Receive News & Ratings for Innospec Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Innospec and related companies with MarketBeat.
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