Allianz Asset Management GmbH Grows Stake in Innophos Holdings, Inc. (IPHS)

Allianz Asset Management GmbH grew its holdings in shares of Innophos Holdings, Inc. (NASDAQ:IPHS) by 5.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 588,910 shares of the specialty chemicals company’s stock after purchasing an additional 30,320 shares during the quarter. Allianz Asset Management GmbH owned approximately 3.02% of Innophos worth $28,968,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Teachers Advisors LLC increased its holdings in Innophos by 4.8% in the 1st quarter. Teachers Advisors LLC now owns 55,796 shares of the specialty chemicals company’s stock worth $3,011,000 after acquiring an additional 2,537 shares in the last quarter. Strs Ohio increased its holdings in Innophos by 15.6% in the 2nd quarter. Strs Ohio now owns 18,500 shares of the specialty chemicals company’s stock worth $811,000 after acquiring an additional 2,500 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its holdings in Innophos by 3.7% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 6,380 shares of the specialty chemicals company’s stock worth $279,000 after acquiring an additional 230 shares in the last quarter. Great West Life Assurance Co. Can increased its holdings in Innophos by 4.5% in the 2nd quarter. Great West Life Assurance Co. Can now owns 28,126 shares of the specialty chemicals company’s stock worth $1,232,000 after acquiring an additional 1,200 shares in the last quarter. Finally, Bessemer Group Inc. increased its holdings in Innophos by 7.2% in the 2nd quarter. Bessemer Group Inc. now owns 29,800 shares of the specialty chemicals company’s stock worth $1,306,000 after acquiring an additional 2,000 shares in the last quarter. 94.46% of the stock is owned by hedge funds and other institutional investors.

Innophos Holdings, Inc. (IPHS) opened at $44.21 on Friday. Innophos Holdings, Inc. has a 52 week low of $41.66 and a 52 week high of $58.22. 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 capitalization of $863.38, a P/E ratio of 17.97 and a beta of 0.86.

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

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 6th. Shareholders of record on Friday, November 17th were paid a $0.48 dividend. The ex-dividend date was Thursday, November 16th. This represents a $1.92 annualized dividend and a yield of 4.34%. Innophos’s payout ratio is 88.48%.

Several equities research analysts recently issued reports on IPHS shares. BidaskClub lowered shares of Innophos from a “hold” rating to a “sell” rating in a report on Tuesday, December 5th. Zacks Investment Research lowered shares of Innophos from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 4th. Finally, KeyCorp reissued a “hold” rating on shares of Innophos in a report on Wednesday, November 1st.

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Innophos Profile

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.

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Institutional Ownership by Quarter for Innophos (NASDAQ:IPHS)

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