Sei Investments Co. trimmed its position in Innophos Holdings, Inc. (NASDAQ:IPHS) by 6.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,346 shares of the specialty chemicals company’s stock after selling 2,309 shares during the quarter. Sei Investments Co. owned about 0.16% of Innophos worth $1,542,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of the company. BlackRock Inc. increased its holdings in shares of Innophos by 3.8% in the second quarter. BlackRock Inc. now owns 2,432,009 shares of the specialty chemicals company’s stock worth $106,620,000 after purchasing an additional 89,360 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Innophos by 2.9% in the second quarter. Vanguard Group Inc. now owns 1,926,577 shares of the specialty chemicals company’s stock worth $84,460,000 after purchasing an additional 54,505 shares during the last quarter. Daruma Capital Management LLC increased its holdings in shares of Innophos by 15.5% in the second quarter. Daruma Capital Management LLC now owns 1,182,095 shares of the specialty chemicals company’s stock worth $51,823,000 after purchasing an additional 158,861 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Innophos by 0.4% in the second quarter. Dimensional Fund Advisors LP now owns 973,461 shares of the specialty chemicals company’s stock worth $42,676,000 after purchasing an additional 3,717 shares during the last quarter. Finally, Frontier Capital Management Co. LLC increased its holdings in shares of Innophos by 1.5% in the third quarter. Frontier Capital Management Co. LLC now owns 869,238 shares of the specialty chemicals company’s stock worth $42,758,000 after purchasing an additional 12,808 shares during the last quarter. 94.46% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Innophos Holdings, Inc. (NASDAQ IPHS) opened at $46.22 on Wednesday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.49 and a current ratio of 2.86. Innophos Holdings, Inc. has a 52 week low of $41.66 and a 52 week high of $58.22. The firm has a market capitalization of $901.46, a P/E ratio of 18.76 and a beta of 0.86.
Innophos (NASDAQ:IPHS) last issued its quarterly earnings data 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 company had revenue of $184.00 million for the quarter, compared to analysts’ expectations of $179.33 million. During the same period in the previous year, the firm posted $0.69 earnings per share. The firm’s revenue for the quarter was down 1.1% on a year-over-year basis. equities analysts predict that Innophos Holdings, Inc. will post 2.5 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 6th. Shareholders of record on Friday, November 17th will be paid a dividend of $0.48 per share. The ex-dividend date is Thursday, November 16th. This represents a $1.92 annualized dividend and a yield of 4.15%. Innophos’s payout ratio is currently 88.48%.
IPHS has been the topic of several research reports. KeyCorp reaffirmed a “hold” rating on shares of Innophos in a report on Wednesday, November 1st. Zacks Investment Research cut Innophos from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 4th. Finally, BidaskClub cut Innophos from a “hold” rating to a “sell” rating in a report on Tuesday.
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Innophos Company 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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