State of Tennessee Treasury Department lowered its position in Innophos Holdings, Inc. (NASDAQ:IPHS) by 9.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 15,602 shares of the specialty chemicals company’s stock after selling 1,699 shares during the period. State of Tennessee Treasury Department owned 0.08% of Innophos worth $729,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Prudential Financial Inc. lifted its holdings in shares of Innophos by 28.9% in the third quarter. Prudential Financial Inc. now owns 221,651 shares of the specialty chemicals company’s stock valued at $10,903,000 after purchasing an additional 49,630 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of Innophos by 379.3% in the third quarter. Public Employees Retirement System of Ohio now owns 13,535 shares of the specialty chemicals company’s stock valued at $666,000 after purchasing an additional 10,711 shares in the last quarter. Allianz Asset Management GmbH lifted its holdings in shares of Innophos by 5.4% in the third quarter. Allianz Asset Management GmbH now owns 588,910 shares of the specialty chemicals company’s stock valued at $28,968,000 after purchasing an additional 30,320 shares in the last quarter. Alpha Windward LLC bought a new position in shares of Innophos in the fourth quarter valued at approximately $550,000. Finally, First Trust Advisors LP lifted its holdings in shares of Innophos by 60.0% in the third quarter. First Trust Advisors LP now owns 37,775 shares of the specialty chemicals company’s stock valued at $1,858,000 after purchasing an additional 14,173 shares in the last quarter. Institutional investors and hedge funds own 93.30% of the company’s stock.
Shares of IPHS stock traded down $0.12 during trading hours on Friday, reaching $40.35. The company had a trading volume of 86,586 shares, compared to its average volume of 164,536. The company has a quick ratio of 1.36, a current ratio of 2.64 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $790.78, a PE ratio of 16.40 and a beta of 0.77. Innophos Holdings, Inc. has a 12 month low of $38.66 and a 12 month high of $51.34.
Innophos (NASDAQ:IPHS) last issued its quarterly earnings results on Wednesday, February 21st. The specialty chemicals company reported $0.52 EPS for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.04). The business had revenue of $193.10 million for the quarter, compared to analysts’ expectations of $194.25 million. Innophos had a net margin of 3.11% and a return on equity of 14.02%. The business’s revenue was up 15.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.52 earnings per share. equities research analysts anticipate that Innophos Holdings, Inc. will post 2.7 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 16th. Investors of record on Friday, March 9th were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.76%. The ex-dividend date of this dividend was Thursday, March 8th. Innophos’s payout ratio is 78.05%.
A number of research analysts have recently weighed in on the company. TheStreet lowered Innophos from a “b-” rating to a “c” rating in a report on Wednesday, February 21st. BidaskClub upgraded Innophos from a “hold” rating to a “buy” rating in a report on Friday, December 22nd. Finally, Zacks Investment Research lowered Innophos from a “buy” rating to a “hold” rating in a report on Thursday, December 14th. Two analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company. Innophos currently has a consensus rating of “Hold” and a consensus price target of $50.00.
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Innophos Holdings, Inc is an international producer of specialty ingredient solutions that deliver for the food, health, nutrition and industrial markets. The Company’s segments include Food, Health and Nutrition, Industrial Specialties and Other. It offers a range of product categories, such as asphalt, catalyst, fertilizer salts, liquid phosphate, phosphate salt, phosphoric acid, polyphosphoric acid, sodium bicarbonate, and food blends.
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