Innophos Holdings, Inc. (IPHS) Shares Sold by Fmr LLC

FMR LLC cut its holdings in shares of Innophos Holdings, Inc. (NASDAQ:IPHS) by 81.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,606 shares of the specialty chemicals company’s stock after selling 100,189 shares during the period. FMR LLC owned about 0.12% of Innophos Holdings worth $991,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Barings LLC bought a new stake in shares of Innophos Holdings in the 1st quarter valued at $200,000. Pacad Investment Ltd. increased its stake in Innophos Holdings by 19.5% during the 2nd quarter. Pacad Investment Ltd. now owns 4,900 shares of the specialty chemicals company’s stock valued at $215,000 after purchasing an additional 800 shares in the last quarter. State of Alaska Department of Revenue increased its stake in Innophos Holdings by 44.6% during the 2nd quarter. State of Alaska Department of Revenue now owns 5,508 shares of the specialty chemicals company’s stock valued at $240,000 after purchasing an additional 1,698 shares in the last quarter. GHP Investment Advisors Inc. increased its stake in Innophos Holdings by 35.5% during the 2nd quarter. GHP Investment Advisors Inc. now owns 5,599 shares of the specialty chemicals company’s stock valued at $245,000 after purchasing an additional 1,468 shares in the last quarter. Finally, Wedge Capital Management L L P NC increased its stake in Innophos Holdings by 25.1% during the 2nd quarter. Wedge Capital Management L L P NC now owns 5,669 shares of the specialty chemicals company’s stock valued at $249,000 after purchasing an additional 1,136 shares in the last quarter. Hedge funds and other institutional investors own 96.18% of the company’s stock.

Innophos Holdings, Inc. (IPHS) opened at $43.04 on Friday. The company has a quick ratio of 1.49, a current ratio of 2.86 and a debt-to-equity ratio of 0.83. The firm has a market cap of $840.53, a PE ratio of 17.50 and a beta of 0.88. Innophos Holdings, Inc. has a fifty-two week low of $41.66 and a fifty-two week high of $58.22.

Innophos Holdings (NASDAQ:IPHS) last released its quarterly earnings data on Tuesday, October 31st. The specialty chemicals company reported $0.78 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.06. The business had revenue of $184.00 million for the quarter, compared to the consensus estimate of $179.33 million. Innophos Holdings had a net margin of 6.19% and a return on equity of 13.90%. The company’s revenue was down 1.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.69 earnings per share. analysts predict that Innophos Holdings, Inc. will post 2.5 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 6th. Stockholders of record on Friday, November 17th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 4.46%. The ex-dividend date is Thursday, November 16th. Innophos Holdings’s dividend payout ratio is presently 88.48%.

A number of analysts have commented on the stock. Zacks Investment Research upgraded shares of Innophos Holdings from a “hold” rating to a “strong-buy” rating and set a $54.00 price target for the company in a research note on Tuesday, August 8th. KeyCorp reiterated a “hold” rating on shares of Innophos Holdings in a research note on Wednesday, November 1st.

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About Innophos Holdings

Innophos Holdings, Inc is a producer of nutritional specialty ingredients with applications in food, beverage, dietary supplements, pharmaceutical, oral care and industrial end markets. The Company also provides bioactive mineral and nutritional ingredients. The Company’s segments include Specialty Phosphates US & Canada, Specialty Phosphates Mexico, and Granular Triple Super Phosphate (GTSP) & Other.

Institutional Ownership by Quarter for Innophos Holdings (NASDAQ:IPHS)

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