Louisiana State Employees Retirement System Has $346,000 Stake in Innophos Holdings, Inc. (IPHS)
Louisiana State Employees Retirement System held its position in Innophos Holdings, Inc. (NASDAQ:IPHS) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,900 shares of the specialty chemicals company’s stock at the end of the second quarter. Louisiana State Employees Retirement System’s holdings in Innophos Holdings were worth $346,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Private Advisor Group LLC bought a new position in Innophos Holdings during the first quarter worth $200,000. Barings LLC bought a new position in Innophos Holdings during the first quarter worth $200,000. State of Alaska Department of Revenue increased its position in Innophos Holdings by 81.4% in the first quarter. State of Alaska Department of Revenue now owns 3,810 shares of the specialty chemicals company’s stock worth $205,000 after buying an additional 1,710 shares during the period. GHP Investment Advisors Inc. bought a new position in Innophos Holdings during the first quarter worth $223,000. Finally, Acrospire Investment Management LLC increased its position in Innophos Holdings by 28.8% in the first quarter. Acrospire Investment Management LLC now owns 4,507 shares of the specialty chemicals company’s stock worth $243,000 after buying an additional 1,007 shares during the period. 94.76% of the stock is currently owned by institutional investors and hedge funds.
Innophos Holdings, Inc. (NASDAQ IPHS) traded up 0.67% during trading on Wednesday, reaching $44.88. 10,138 shares of the company’s stock traded hands. Innophos Holdings, Inc. has a 12 month low of $37.02 and a 12 month high of $58.22. The firm has a market cap of $870.49 million, a PE ratio of 19.60 and a beta of 0.85. The firm has a 50 day moving average price of $44.19 and a 200-day moving average price of $46.94.
Innophos Holdings (NASDAQ:IPHS) last issued its quarterly earnings results on Tuesday, August 1st. The specialty chemicals company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.05. Innophos Holdings had a net margin of 6.46% and a return on equity of 13.79%. The firm had revenue of $179.14 million for the quarter, compared to analyst estimates of $172.65 million. During the same period in the previous year, the business earned $0.63 EPS. The company’s revenue was down 1.5% compared to the same quarter last year. On average, analysts forecast that Innophos Holdings, Inc. will post $2.51 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 6th. Shareholders of record on Friday, August 18th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $1.92 annualized dividend and a yield of 4.26%. Innophos Holdings’s payout ratio is currently 84.21%.
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A number of equities analysts have recently weighed in on IPHS shares. Sidoti raised shares of Innophos Holdings from a “neutral” rating to a “buy” rating in a research note on Friday, May 26th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Innophos Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Finally, BidaskClub downgraded shares of Innophos Holdings from a “hold” rating to a “sell” rating in a research 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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