Kirr Marbach & Co. LLC IN Cuts Stake in Innospec Inc. (NASDAQ:IOSP)

Kirr Marbach & Co. LLC IN trimmed its stake in Innospec Inc. (NASDAQ:IOSP) by 1.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 77,696 shares of the specialty chemicals company’s stock after selling 747 shares during the quarter. Innospec comprises 1.9% of Kirr Marbach & Co. LLC IN’s portfolio, making the stock its 19th largest position. Kirr Marbach & Co. LLC IN’s holdings in Innospec were worth $8,551,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of IOSP. Pacer Advisors Inc. purchased a new position in shares of Innospec in the 4th quarter valued at $53,457,000. Allspring Global Investments Holdings LLC raised its position in Innospec by 4.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,405,770 shares of the specialty chemicals company’s stock valued at $272,069,000 after purchasing an additional 105,311 shares during the period. Royce & Associates LP lifted its stake in shares of Innospec by 9.3% during the third quarter. Royce & Associates LP now owns 835,333 shares of the specialty chemicals company’s stock worth $94,468,000 after purchasing an additional 70,902 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Innospec by 24.6% in the third quarter. JPMorgan Chase & Co. now owns 266,688 shares of the specialty chemicals company’s stock worth $30,160,000 after buying an additional 52,640 shares during the period. Finally, Edgestream Partners L.P. acquired a new stake in shares of Innospec in the third quarter valued at about $5,486,000. Institutional investors and hedge funds own 96.64% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com cut Innospec from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 11th.

Insider Buying and Selling at Innospec

In other Innospec news, Director Milton C. Blackmore sold 1,035 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $122.92, for a total transaction of $127,222.20. Following the sale, the director now owns 9,028 shares in the company, valued at $1,109,721.76. This represents a 10.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 1.52% of the stock is currently owned by corporate insiders.

Innospec Trading Up 0.2 %

Shares of IOSP stock opened at $114.96 on Wednesday. Innospec Inc. has a twelve month low of $103.65 and a twelve month high of $133.71. The company has a market capitalization of $2.87 billion, a PE ratio of 20.06 and a beta of 1.09. The firm has a fifty day simple moving average of $113.57 and a 200-day simple moving average of $114.40.

Innospec (NASDAQ:IOSP) last announced its earnings results on Tuesday, November 5th. The specialty chemicals company reported $1.35 earnings per share for the quarter, meeting the consensus estimate of $1.35. Innospec had a return on equity of 13.33% and a net margin of 7.68%. The company had revenue of $443.40 million during the quarter, compared to the consensus estimate of $442.13 million. During the same period last year, the firm earned $1.59 earnings per share. The company’s revenue was down 4.5% on a year-over-year basis. Equities research analysts predict that Innospec Inc. will post 5.88 EPS for the current year.

Innospec Increases Dividend

The firm also recently disclosed a Semi-Annual dividend, which was paid on Tuesday, November 26th. Shareholders of record on Monday, November 18th were paid a dividend of $0.79 per share. This represents a yield of 1.3%. The ex-dividend date was Monday, November 18th. This is a positive change from Innospec’s previous Semi-Annual dividend of $0.72. Innospec’s dividend payout ratio (DPR) is 27.57%.

Innospec Profile

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.