TheStreet cut shares of Innophos (NASDAQ:IPHS) from a b- rating to a c+ rating in a research note published on Thursday morning, TheStreetRatingsTable reports.
Several other research firms also recently issued reports on IPHS. BidaskClub downgraded Innophos from a hold rating to a sell rating in a report on Monday, May 20th. Zacks Investment Research upgraded Innophos from a sell rating to a hold rating in a report on Tuesday, April 30th. ValuEngine upgraded Innophos from a strong sell rating to a sell rating in a report on Monday, February 4th. Finally, Seaport Global Securities assumed coverage on Innophos in a report on Thursday, February 21st. They set a buy rating on the stock. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of Hold.
IPHS stock opened at $27.61 on Thursday. The company has a current ratio of 3.14, a quick ratio of 1.49 and a debt-to-equity ratio of 0.95. The firm has a market capitalization of $543.09 million, a P/E ratio of 12.11 and a beta of 1.33. Innophos has a 12-month low of $22.57 and a 12-month high of $50.40.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $1.92 annualized dividend and a yield of 6.95%. Innophos’s dividend payout ratio (DPR) is 84.21%.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio increased its holdings in Innophos by 14.1% during the 4th quarter. Public Employees Retirement System of Ohio now owns 2,708 shares of the specialty chemicals company’s stock worth $66,000 after purchasing an additional 334 shares during the period. Rhumbline Advisers increased its holdings in Innophos by 0.6% during the 1st quarter. Rhumbline Advisers now owns 58,275 shares of the specialty chemicals company’s stock worth $1,756,000 after purchasing an additional 342 shares during the period. Great West Life Assurance Co. Can increased its holdings in Innophos by 1.4% during the 4th quarter. Great West Life Assurance Co. Can now owns 26,640 shares of the specialty chemicals company’s stock worth $603,000 after purchasing an additional 364 shares during the period. Comerica Bank increased its holdings in Innophos by 2.5% during the 1st quarter. Comerica Bank now owns 19,410 shares of the specialty chemicals company’s stock worth $626,000 after purchasing an additional 471 shares during the period. Finally, Texas Permanent School Fund increased its holdings in Innophos by 3.7% during the 1st quarter. Texas Permanent School Fund now owns 13,316 shares of the specialty chemicals company’s stock worth $401,000 after purchasing an additional 480 shares during the period. Institutional investors own 93.29% of the company’s stock.
Innophos Company Profile
Innophos Holdings, Inc, together with its subsidiaries, produces specialty ingredients with applications in food, health, nutrition, and industrial markets. It operates through three segments: Food, Health and Nutrition; Industrial Specialties; and Other. The company's specialty ingredients include specialty phosphate salts and specialty phosphoric acids, as well as other mineral, enzyme, and botanical based specialty ingredients that are used as flavor enhancers in beverages; electrolytes in sports drinks; texture modifiers in cheeses; leavening agents in baked goods; calcium and phosphorus fortification in food and beverages; moisture and color retention in seafood, poultry, and meat; excipients in vitamins, minerals, nutritional supplements, and pharmaceuticals; and abrasives in toothpaste.
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