Innophos Holdings, Inc. (IPHS) Shares Bought by Frontier Capital Management Co. LLC
Frontier Capital Management Co. LLC lifted its stake in shares of Innophos Holdings, Inc. (NASDAQ:IPHS) by 1.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 869,238 shares of the specialty chemicals company’s stock after purchasing an additional 12,808 shares during the period. Frontier Capital Management Co. LLC owned 4.48% of Innophos Holdings worth $42,758,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of IPHS. Public Employees Retirement System of Ohio boosted its holdings in Innophos Holdings by 5.9% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,824 shares of the specialty chemicals company’s stock worth $124,000 after buying an additional 157 shares during the period. Barings LLC bought a new position in Innophos Holdings in the 1st quarter valued at $200,000. Pacad Investment Ltd. boosted its holdings in Innophos Holdings by 19.5% in the 2nd quarter. Pacad Investment Ltd. now owns 4,900 shares of the specialty chemicals company’s stock valued at $215,000 after purchasing an additional 800 shares during the period. State of Alaska Department of Revenue boosted its holdings in Innophos Holdings by 44.6% in the 2nd quarter. State of Alaska Department of Revenue now owns 5,508 shares of the specialty chemicals company’s stock valued at $240,000 after purchasing an additional 1,698 shares during the period. Finally, GHP Investment Advisors Inc. boosted its holdings in Innophos Holdings by 35.5% in the 2nd quarter. GHP Investment Advisors Inc. now owns 5,599 shares of the specialty chemicals company’s stock valued at $245,000 after purchasing an additional 1,468 shares during the period. Institutional investors own 94.48% of the company’s stock.
Shares of Innophos Holdings, Inc. (NASDAQ IPHS) opened at $45.32 on Monday. Innophos Holdings, Inc. has a fifty-two week low of $41.66 and a fifty-two week high of $58.22. The company has a current ratio of 2.86, a quick ratio of 1.49 and a debt-to-equity ratio of 0.83. The stock has a market cap of $885.05, a price-to-earnings ratio of 18.42 and a beta of 0.88.
Innophos Holdings (NASDAQ:IPHS) last posted its quarterly earnings data on Tuesday, October 31st. The specialty chemicals company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.06. Innophos Holdings 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 in the previous year, the firm posted $0.69 EPS. The firm’s revenue was down 1.1% compared to the same quarter last year. research analysts predict that Innophos Holdings, Inc. will post 2.5 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 6th. Stockholders of record on Friday, November 17th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.24%. The ex-dividend date is Thursday, November 16th. Innophos Holdings’s dividend payout ratio is currently 88.48%.
Several research analysts have commented on the stock. KeyCorp reissued a “hold” rating on shares of Innophos Holdings in a report on Wednesday, November 1st. Zacks Investment Research downgraded shares of Innophos Holdings from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 4th. Finally, BidaskClub downgraded shares of Innophos Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th.
Innophos Holdings 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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