BidaskClub upgraded shares of Innophos (NASDAQ:IPHS) from a sell rating to a hold rating in a research report released on Thursday.

Other analysts also recently issued reports about the stock. KeyCorp restated a hold rating on shares of Innophos in a report on Wednesday, November 1st. Zacks Investment Research downgraded shares of Innophos from a strong-buy rating to a hold rating in a report on Wednesday, October 4th.

Innophos (IPHS) opened at $44.91 on Thursday. 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 firm has a market cap of $877.05, a P/E ratio of 18.26 and a beta of 0.86. Innophos has a one year low of $41.66 and a one year high of $58.22.

Innophos (NASDAQ:IPHS) last announced its earnings results on Tuesday, October 31st. The specialty chemicals company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.72 by $0.06. The firm had revenue of $184.00 million for the quarter, compared to the consensus estimate of $179.33 million. Innophos had a net margin of 6.19% and a return on equity of 13.90%. The business’s quarterly revenue was down 1.1% on a year-over-year basis. During the same period last year, the company posted $0.69 EPS. analysts forecast that Innophos will post 2.5 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 6th. Stockholders of record on Friday, November 17th were issued a $0.48 dividend. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.28%. Innophos’s dividend payout ratio (DPR) is presently 88.48%.

Several large investors have recently added to or reduced their stakes in the stock. Alps Advisors Inc. grew its stake in shares of Innophos by 0.3% in the second quarter. Alps Advisors Inc. now owns 9,141 shares of the specialty chemicals company’s stock valued at $401,000 after buying an additional 24 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Innophos by 0.9% in the second quarter. The Manufacturers Life Insurance Company now owns 14,962 shares of the specialty chemicals company’s stock valued at $656,000 after buying an additional 130 shares in the last quarter. Texas Permanent School Fund grew its stake in shares of Innophos by 0.9% in the second quarter. Texas Permanent School Fund now owns 14,220 shares of the specialty chemicals company’s stock valued at $623,000 after buying an additional 131 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in Innophos by 5.9% during the second quarter. Public Employees Retirement System of Ohio now owns 2,824 shares of the specialty chemicals company’s stock worth $124,000 after purchasing an additional 157 shares during the period. Finally, Municipal Employees Retirement System of Michigan boosted its position in Innophos by 3.7% during the second quarter. Municipal Employees Retirement System of Michigan now owns 6,380 shares of the specialty chemicals company’s stock worth $279,000 after purchasing an additional 230 shares during the period. 94.46% of the stock is owned by institutional investors and hedge funds.

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About Innophos

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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