Wells Fargo & Company MN lifted its stake in shares of Innophos Holdings, Inc. (NASDAQ:IPHS) by 22.9% during the third quarter, Holdings Channel reports. The fund owned 34,366 shares of the specialty chemicals company’s stock after purchasing an additional 6,408 shares during the quarter. Wells Fargo & Company MN’s holdings in Innophos were worth $1,691,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. The Manufacturers Life Insurance Company boosted its stake in shares of Innophos by 0.9% during 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 acquiring an additional 130 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of 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 valued at $124,000 after acquiring an additional 157 shares during the last quarter. Voya Investment Management LLC boosted its stake in shares of Innophos by 8.2% during the second quarter. Voya Investment Management LLC now owns 10,214 shares of the specialty chemicals company’s stock valued at $448,000 after acquiring an additional 776 shares during the last quarter. Stevens Capital Management LP boosted its stake in shares of Innophos by 18.0% during the third quarter. Stevens Capital Management LP now owns 7,006 shares of the specialty chemicals company’s stock valued at $345,000 after acquiring an additional 1,070 shares during the last quarter. Finally, Thrivent Financial For Lutherans boosted its stake in shares of Innophos by 5.1% during the second quarter. Thrivent Financial For Lutherans now owns 24,910 shares of the specialty chemicals company’s stock valued at $1,092,000 after acquiring an additional 1,200 shares during the last quarter. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Shares of Innophos Holdings, Inc. (NASDAQ IPHS) opened at $46.13 on Friday. 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 company has a market capitalization of $916.30, a price-to-earnings ratio of 21.26 and a beta of 0.85. Innophos Holdings, Inc. has a 52 week low of $41.66 and a 52 week high of $58.22.

Innophos (NASDAQ:IPHS) last posted its quarterly earnings data on Tuesday, October 31st. The specialty chemicals company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.06. Innophos had a return on equity of 13.90% and a net margin of 6.19%. The business had revenue of $184.00 million for the quarter, compared to analyst estimates of $179.33 million. During the same quarter last year, the company earned $0.69 earnings per share. The business’s revenue for the quarter was down 1.1% compared to the same quarter last year. research analysts expect that Innophos Holdings, Inc. will post 2.5 EPS for the current year.

A number of analysts recently commented on the company. BidaskClub lowered Innophos from a “hold” rating to a “sell” rating in a research note on Tuesday, December 5th. Zacks Investment Research lowered Innophos from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Innophos in a research note on Wednesday, November 1st.

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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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Institutional Ownership by Quarter for Innophos (NASDAQ:IPHS)

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