The Manufacturers Life Insurance Company raised its stake in Innophos Holdings, Inc. (NASDAQ:IPHS) by 0.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,962 shares of the specialty chemicals company’s stock after acquiring an additional 130 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.08% of Innophos Holdings worth $656,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IPHS. BlackRock Inc. boosted its stake in Innophos Holdings by 93,010.1% in the first quarter. BlackRock Inc. now owns 2,342,649 shares of the specialty chemicals company’s stock valued at $126,432,000 after acquiring an additional 2,340,133 shares during the last quarter. American Century Companies Inc. boosted its stake in Innophos Holdings by 68.8% in the second quarter. American Century Companies Inc. now owns 612,435 shares of the specialty chemicals company’s stock valued at $26,849,000 after acquiring an additional 249,585 shares during the last quarter. Daruma Capital Management LLC boosted its stake in Innophos Holdings by 15.5% in the second quarter. Daruma Capital Management LLC now owns 1,182,095 shares of the specialty chemicals company’s stock valued at $51,823,000 after acquiring an additional 158,861 shares during the last quarter. Vanguard Group Inc. boosted its stake in Innophos Holdings by 7.3% in the first quarter. Vanguard Group Inc. now owns 1,872,072 shares of the specialty chemicals company’s stock valued at $101,037,000 after acquiring an additional 127,361 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in Innophos Holdings by 58.1% in the second quarter. Goldman Sachs Group Inc. now owns 321,140 shares of the specialty chemicals company’s stock valued at $14,079,000 after acquiring an additional 118,043 shares during the last quarter. Hedge funds and other institutional investors own 94.81% of the company’s stock.

Shares of Innophos Holdings, Inc. (NASDAQ:IPHS) opened at $43.04 on Monday. Innophos Holdings, Inc. has a 12-month low of $41.66 and a 12-month high of $58.22. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.86 and a quick ratio of 1.49. The stock has a market cap of $840.53, a P/E ratio of 17.50 and a beta of 0.88.

Innophos Holdings (NASDAQ:IPHS) last posted its quarterly earnings results on Tuesday, October 31st. The specialty chemicals company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $179.33 million. During the same quarter in the previous year, the firm posted $0.69 earnings per share. The company’s quarterly revenue was down 1.1% compared to the same quarter last year. sell-side analysts expect that Innophos Holdings, Inc. will post 2.5 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 6th. Stockholders of record on Friday, November 17th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 4.46%. The ex-dividend date is Thursday, November 16th. Innophos Holdings’s dividend payout ratio (DPR) is currently 88.48%.

A number of research firms have weighed in on IPHS. Zacks Investment Research upgraded shares of Innophos Holdings from a “hold” rating to a “strong-buy” rating and set a $54.00 target price on the stock in a research note on Tuesday, August 8th. KeyCorp reiterated a “hold” rating on shares of Innophos Holdings in a research note on Wednesday, November 1st.

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About Innophos Holdings

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.

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

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