New Amsterdam Partnersny buys $5,036,973 stake in Innospec (IOSP)

Innospec (IOSP) : New Amsterdam Partnersny scooped up 17,952 additional shares in Innospec during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 93,746 shares of Innospec which is valued at $5,036,973.Innospec makes up approximately 1.17% of New Amsterdam Partnersny’s portfolio.

Other Hedge Funds, Including , Mondrian Investment Partners Ltd reduced its stake in IOSP by selling 6,957 shares or 8.66% in the most recent quarter. The Hedge Fund company now holds 73,367 shares of IOSP which is valued at $3,942,009. Innospec makes up approx 0.09% of Mondrian Investment Partners Ltd’s portfolio.Ls Investment Advisors boosted its stake in IOSP in the latest quarter, The investment management firm added 65 additional shares and now holds a total of 856 shares of Innospec which is valued at $42,928.Capstone Asset Management Co boosted its stake in IOSP in the latest quarter, The investment management firm added 760 additional shares and now holds a total of 9,510 shares of Innospec which is valued at $467,417. Innospec makes up approx 0.01% of Capstone Asset Management Co’s portfolio.Creative Planning boosted its stake in IOSP in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 108 shares of Innospec which is valued at $5,308.

Innospec opened for trading at $54.46 and hit $58.1999 on the upside on Thursday, eventually ending the session at $57.73, with a gain of 7.44% or 4 points. The heightened volatility saw the trading volume jump to 3,75,616 shares. Company has a market cap of $1,384 M.

On the company’s financial health, Innospec reported $1.03 EPS for the quarter, beating the analyst consensus estimate by $ 0.15 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.88. The company had revenue of $228.00 million for the quarter, compared to analysts expectations of $230.30 million. The company’s revenue was down -6.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.02 EPS.

Many Wall Street Analysts have commented on Innospec. Monness Crespi & Hardt Upgraded Innospec on Aug 4, 2016 to ” Buy”, Price Target of the shares are set at $60.

Innospec Inc. develops manufactures blends markets and supplies fuel additives oilfield chemicals personal care and fragrance ingredients and other specialty chemicals. The Company’s products are sold primarily to oil and gas exploration and production companies oil refineries personal care and fragrance companies and other chemical and industrial companies. Its fuel additives improve fuel efficiency boost engine performance and reduce harmful emissions. Its oilfield specialties business supplies drilling and production chemicals for exploration and production. Its other specialty chemicals provide technology-based solutions for its customers’ processes or products focused in the Personal Care Polymers and Fragrance Ingredients markets. Its Octane Additives business manufactures products for use in automotive gasoline and provides services in the environmental remediation. The Company has three business segments: Fuel Specialties Performance Chemicals and Octane Additives.

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