Teachers Retirement System of The State of Kentucky held its stake in Innophos Holdings, Inc. (NASDAQ:IPHS) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,200 shares of the specialty chemicals company’s stock at the end of the first quarter. Teachers Retirement System of The State of Kentucky’s holdings in Innophos Holdings were worth $389,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Bank of New York Mellon Corp increased its stake in Innophos Holdings by 5.3% in the first quarter. Bank of New York Mellon Corp now owns 366,558 shares of the specialty chemicals company’s stock worth $19,782,000 after buying an additional 18,421 shares during the last quarter. US Bancorp DE increased its stake in Innophos Holdings by 13.9% in the first quarter. US Bancorp DE now owns 13,968 shares of the specialty chemicals company’s stock worth $754,000 after buying an additional 1,703 shares during the last quarter. Boston Partners increased its stake in Innophos Holdings by 2.2% in the first quarter. Boston Partners now owns 172,336 shares of the specialty chemicals company’s stock worth $9,301,000 after buying an additional 3,690 shares during the last quarter. Capital Fund Management S.A. bought a new stake in Innophos Holdings during the first quarter worth $1,430,000. Finally, American Century Companies Inc. increased its stake in Innophos Holdings by 30.4% in the first quarter. American Century Companies Inc. now owns 362,850 shares of the specialty chemicals company’s stock worth $19,583,000 after buying an additional 84,542 shares during the last quarter. Institutional investors and hedge funds own 94.32% of the company’s stock.
Shares of Innophos Holdings, Inc. (NASDAQ IPHS) traded down 0.98% during mid-day trading on Friday, reaching $47.38. 144,272 shares of the company’s stock were exchanged. The stock has a market cap of $918.98 million, a PE ratio of 20.69 and a beta of 0.85. Innophos Holdings, Inc. has a one year low of $37.02 and a one year high of $58.22. The company has a 50 day moving average price of $43.53 and a 200-day moving average price of $47.20.
Innophos Holdings (NASDAQ:IPHS) last released its quarterly earnings data on Tuesday, August 1st. The specialty chemicals company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.05. Innophos Holdings had a net margin of 6.46% and a return on equity of 13.79%. The firm had revenue of $179.14 million for the quarter, compared to analysts’ expectations of $172.65 million. During the same quarter in the previous year, the company earned $0.63 earnings per share. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. On average, analysts predict that Innophos Holdings, Inc. will post $2.51 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 6th. Shareholders of record on Friday, August 18th will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.05%. The ex-dividend date is Wednesday, August 16th. Innophos Holdings’s payout ratio is 84.21%.
A number of analysts recently weighed in on the company. BidaskClub downgraded Innophos Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Zacks Investment Research raised shares of Innophos Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Finally, Sidoti raised shares of Innophos Holdings from a “neutral” rating to a “buy” rating in a research report on Friday, May 26th. They noted that the move was a valuation call.
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.
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