Allspring Global Investments Holdings LLC Sells 19,963 Shares of Innospec Inc. (NASDAQ:IOSP)

Allspring Global Investments Holdings LLC cut its position in shares of Innospec Inc. (NASDAQ:IOSP) by 0.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,385,807 shares of the specialty chemicals company’s stock after selling 19,963 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.10% of Innospec worth $256,808,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in IOSP. Sanctuary Advisors LLC purchased a new position in shares of Innospec in the 2nd quarter worth approximately $233,000. Inspire Investing LLC lifted its holdings in Innospec by 28.9% during the third quarter. Inspire Investing LLC now owns 3,651 shares of the specialty chemicals company’s stock worth $413,000 after acquiring an additional 819 shares during the period. ZWJ Investment Counsel Inc. boosted its position in Innospec by 3.6% in the third quarter. ZWJ Investment Counsel Inc. now owns 43,147 shares of the specialty chemicals company’s stock worth $4,879,000 after purchasing an additional 1,504 shares during the last quarter. nVerses Capital LLC grew its stake in Innospec by 200.0% in the 3rd quarter. nVerses Capital LLC now owns 900 shares of the specialty chemicals company’s stock valued at $102,000 after purchasing an additional 600 shares during the period. Finally, AlphaMark Advisors LLC increased its position in shares of Innospec by 19.2% during the 3rd quarter. AlphaMark Advisors LLC now owns 3,036 shares of the specialty chemicals company’s stock valued at $343,000 after purchasing an additional 488 shares during the last quarter. 96.64% of the stock is owned by institutional investors.

Innospec Stock Up 0.5 %

Innospec stock opened at $111.60 on Wednesday. The firm has a 50 day moving average price of $112.41 and a 200-day moving average price of $113.30. 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 $2.78 billion, a P/E ratio of 19.48 and a beta of 1.09.

Wall Street Analyst Weigh In

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

About Innospec

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.