Innophos Holdings, Inc. (IPHS) Position Raised by Municipal Employees Retirement System of Michigan

Municipal Employees Retirement System of Michigan boosted its position in Innophos Holdings, Inc. (NASDAQ:IPHS) by 42.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,100 shares of the specialty chemicals company’s stock after purchasing an additional 2,720 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in Innophos were worth $448,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Old Mutual Global Investors UK Ltd. acquired a new stake in shares of Innophos during the 3rd quarter valued at approximately $109,000. Public Employees Retirement System of Ohio lifted its position in shares of 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 acquiring an additional 157 shares during the period. Pacad Investment Ltd. lifted its position in shares of Innophos by 19.5% during the 2nd quarter. Pacad Investment Ltd. now owns 4,900 shares of the specialty chemicals company’s stock valued at $215,000 after acquiring an additional 800 shares during the period. GHP Investment Advisors Inc. lifted its position in shares of Innophos by 35.5% during the 2nd quarter. GHP Investment Advisors Inc. now owns 5,599 shares of the specialty chemicals company’s stock valued at $245,000 after acquiring an additional 1,468 shares during the period. Finally, Wedge Capital Management L L P NC lifted its position in shares of Innophos by 25.1% during the 2nd quarter. Wedge Capital Management L L P NC now owns 5,669 shares of the specialty chemicals company’s stock valued at $249,000 after acquiring an additional 1,136 shares during the period. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Shares of Innophos Holdings, Inc. (IPHS) opened at $45.49 on Thursday. Innophos Holdings, Inc. has a 12-month low of $41.66 and a 12-month high of $58.22. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.49 and a current ratio of 2.86. The stock has a market cap of $902.63, a P/E ratio of 18.79 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 (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.06. Innophos had a net margin of 6.19% and a return on equity of 13.90%. The company had revenue of $184.00 million during the quarter, compared to the consensus estimate of $179.33 million. During the same period last year, the firm earned $0.69 EPS. The company’s revenue for the quarter was down 1.1% on a year-over-year basis. sell-side analysts anticipate that Innophos Holdings, Inc. will post 2.5 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 6th. Investors of record on Friday, November 17th were given a dividend of $0.48 per share. The ex-dividend date was Thursday, November 16th. This represents a $1.92 annualized dividend and a dividend yield of 4.22%. Innophos’s dividend payout ratio is currently 88.48%.

A number of equities research analysts have recently issued reports on IPHS shares. KeyCorp reiterated a “hold” rating on shares of Innophos in a research report on Wednesday, November 1st. Zacks Investment Research downgraded shares of Innophos from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Finally, BidaskClub downgraded shares of Innophos from a “hold” rating to a “sell” rating in a research 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.

Institutional Ownership by Quarter for Innophos (NASDAQ:IPHS)

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