Innophos Holdings Inc. (IPHS) Shares Bought by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP raised its position in shares of Innophos Holdings Inc. (NASDAQ:IPHS) by 4.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 950,278 shares of the company’s stock after buying an additional 38,749 shares during the period. Dimensional Fund Advisors LP owned about 4.94% of Innophos Holdings worth $40,111,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. TIAA CREF Investment Management LLC raised its position in Innophos Holdings by 29.8% in the first quarter. TIAA CREF Investment Management LLC now owns 161,622 shares of the company’s stock worth $4,996,000 after buying an additional 37,127 shares in the last quarter. BlackRock Group LTD raised its position in Innophos Holdings by 7.1% in the first quarter. BlackRock Group LTD now owns 24,851 shares of the company’s stock worth $768,000 after buying an additional 1,648 shares in the last quarter. BlackRock Fund Advisors raised its position in Innophos Holdings by 1.1% in the first quarter. BlackRock Fund Advisors now owns 1,215,310 shares of the company’s stock worth $37,565,000 after buying an additional 13,104 shares in the last quarter. JPMorgan Chase & Co. raised its position in Innophos Holdings by 208.9% in the first quarter. JPMorgan Chase & Co. now owns 488,666 shares of the company’s stock worth $15,105,000 after buying an additional 330,475 shares in the last quarter. Finally, BB&T Securities LLC raised its position in Innophos Holdings by 0.3% in the first quarter. BB&T Securities LLC now owns 22,759 shares of the company’s stock worth $703,000 after buying an additional 78 shares in the last quarter. Institutional investors and hedge funds own 93.29% of the company’s stock.
Shares of Innophos Holdings Inc. (NASDAQ:IPHS) opened at 39.12 on Monday. The company has a market capitalization of $752.71 million, a P/E ratio of 30.00 and a beta of 0.81. Innophos Holdings Inc. has a 12-month low of $22.06 and a 12-month high of $44.42. The stock’s 50 day moving average is $39.40 and its 200-day moving average is $39.11.
Innophos Holdings (NASDAQ:IPHS) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.06. Innophos Holdings had a net margin of 3.47% and a return on equity of 9.83%. The business had revenue of $181.90 million for the quarter, compared to the consensus estimate of $199.70 million. During the same period last year, the firm earned $0.65 earnings per share. The company’s quarterly revenue was down 16.3% on a year-over-year basis. Analysts anticipate that Innophos Holdings Inc. will post $2.44 earnings per share for the current year.
Separately, Zacks Investment Research lowered shares of Innophos Holdings from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 6th.
In related news, Director Robert J. Zatta bought 1,000 shares of the business’s stock in a transaction that occurred on Friday, September 9th. The stock was bought at an average cost of $40.31 per share, with a total value of $40,310.00. Following the completion of the purchase, the director now owns 6,351 shares of the company’s stock, valued at approximately $256,008.81. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.00% of the stock is currently owned by insiders.
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. Its segments include Specialty Phosphates US & Canada, Specialty Phosphates Mexico, and GTSP & Other.
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