GHP Investment Advisors Inc. boosted its holdings in shares of Innophos Holdings, Inc. (NASDAQ:IPHS) by 22.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,081 shares of the specialty chemicals company’s stock after purchasing an additional 1,689 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Innophos were worth $424,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Public Employees Retirement System of Ohio raised its stake in Innophos by 5.9% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,824 shares of the specialty chemicals company’s stock valued at $124,000 after purchasing an additional 157 shares during the period. Ramsey Quantitative Systems bought a new stake in Innophos during the 4th quarter valued at approximately $134,000. Macquarie Group Ltd. bought a new stake in Innophos during the 3rd quarter valued at approximately $193,000. Piedmont Investment Advisors LLC bought a new stake in Innophos in the 3rd quarter worth approximately $209,000. Finally, Alps Advisors Inc. bought a new stake in Innophos in the 4th quarter worth approximately $213,000. 93.30% of the stock is currently owned by institutional investors.
A number of analysts have issued reports on IPHS shares. BidaskClub downgraded Innophos from a “hold” rating to a “sell” rating in a research note on Tuesday, December 5th. Zacks Investment Research downgraded Innophos from a “buy” rating to a “hold” rating in a research note on Thursday, December 14th. Finally, TheStreet downgraded Innophos from a “b-” rating to a “c” rating in a research note on Wednesday, February 21st. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $50.00.
Shares of Innophos Holdings, Inc. (IPHS) opened at $42.21 on Thursday. The company has a quick ratio of 1.36, a current ratio of 2.64 and a debt-to-equity ratio of 0.93. Innophos Holdings, Inc. has a 12 month low of $40.45 and a 12 month high of $54.65. The stock has a market capitalization of $836.12, a P/E ratio of 17.39 and a beta of 0.83.
Innophos (NASDAQ:IPHS) last released its quarterly earnings data on Wednesday, February 21st. The specialty chemicals company reported $0.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.04). The firm had revenue of $193.10 million during the quarter, compared to the consensus estimate of $194.25 million. Innophos had a return on equity of 14.02% and a net margin of 3.11%. The business’s revenue was up 15.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.52 EPS. sell-side analysts expect that Innophos Holdings, Inc. will post 2.7 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, March 9th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.55%. The ex-dividend date is Thursday, March 8th. Innophos’s dividend payout ratio (DPR) is 171.43%.
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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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