Public Employees Retirement System of Ohio reduced its position in shares of Innophos Holdings, Inc. (NASDAQ:IPHS) by 10.3% during the first quarter, Holdings Channel reports. The fund owned 2,667 shares of the specialty chemicals company’s stock after selling 306 shares during the period. Public Employees Retirement System of Ohio’s holdings in Innophos Holdings were worth $144,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Swiss National Bank increased its stake in shares of Innophos Holdings by 2.9% in the first quarter. Swiss National Bank now owns 32,000 shares of the specialty chemicals company’s stock worth $1,727,000 after buying an additional 900 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of Innophos Holdings by 2.5% in the first quarter. BNP Paribas Arbitrage SA now owns 5,836 shares of the specialty chemicals company’s stock worth $315,000 after buying an additional 142 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Innophos Holdings by 5.3% in the first quarter. Bank of New York Mellon Corp now owns 366,558 shares of the specialty chemicals company’s stock worth $19,782,000 after buying an additional 18,421 shares during the last quarter. US Bancorp DE increased its stake in shares of Innophos Holdings by 13.9% in the first quarter. US Bancorp DE now owns 13,968 shares of the specialty chemicals company’s stock worth $754,000 after buying an additional 1,703 shares during the last quarter. Finally, Boston Partners increased its stake in shares of Innophos Holdings by 2.2% in the first quarter. Boston Partners now owns 172,336 shares of the specialty chemicals company’s stock worth $9,301,000 after buying an additional 3,690 shares during the last quarter. 93.82% of the stock is owned by institutional investors.

Shares of Innophos Holdings, Inc. (NASDAQ IPHS) traded down 1.75% during midday trading on Friday, reaching $44.99. 70,288 shares of the company’s stock were exchanged. The company has a market capitalization of $872.63 million, a PE ratio of 19.65 and a beta of 0.85. The firm has a 50-day moving average of $44.11 and a 200-day moving average of $47.08. Innophos Holdings, Inc. has a 1-year low of $37.02 and a 1-year high of $58.22.

Innophos Holdings (NASDAQ:IPHS) last announced its quarterly earnings data on Tuesday, August 1st. The specialty chemicals company reported $0.57 EPS for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.05. The firm had revenue of $179.14 million during the quarter, compared to analyst estimates of $172.65 million. Innophos Holdings had a return on equity of 13.79% and a net margin of 6.46%. The company’s revenue was down 1.5% on a year-over-year basis. During the same period last year, the company earned $0.63 earnings per share. Equities analysts expect that Innophos Holdings, Inc. will post $2.51 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 6th. Stockholders of record on Friday, August 18th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $1.92 annualized dividend and a dividend yield of 4.27%. Innophos Holdings’s payout ratio is currently 84.21%.

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A number of brokerages have weighed in on IPHS. Zacks Investment Research raised shares of Innophos Holdings from a “hold” rating to a “strong-buy” rating and set a $54.00 price target for the company in a report on Tuesday. BidaskClub downgraded shares of Innophos Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Finally, Sidoti raised shares of Innophos Holdings from a “neutral” rating to a “buy” rating in a report on Friday, May 26th. They noted that the move was a valuation call.

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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Institutional Ownership by Quarter for Innophos Holdings (NASDAQ:IPHS)

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