Schwab Charles Investment Management Inc. grew its stake in shares of Innophos Holdings, Inc. (NASDAQ:IPHS) by 16.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 222,410 shares of the specialty chemicals company’s stock after acquiring an additional 31,129 shares during the period. Schwab Charles Investment Management Inc. owned about 1.15% of Innophos Holdings worth $9,751,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of IPHS. Texas Permanent School Fund boosted its holdings in shares of Innophos Holdings 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 purchasing an additional 131 shares during the period. Wellington Management Group LLP grew its stake in Innophos Holdings by 0.7% in the first quarter. Wellington Management Group LLP now owns 19,846 shares of the specialty chemicals company’s stock worth $1,071,000 after purchasing an additional 134 shares in the last quarter. BNP Paribas Arbitrage SA grew its stake in Innophos Holdings by 2.5% in the first quarter. BNP Paribas Arbitrage SA now owns 5,836 shares of the specialty chemicals company’s stock worth $315,000 after purchasing an additional 142 shares in the last quarter. Arizona State Retirement System grew its stake in Innophos Holdings by 2.0% in the first quarter. Arizona State Retirement System now owns 10,173 shares of the specialty chemicals company’s stock worth $549,000 after purchasing an additional 200 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan grew its stake in Innophos Holdings by 3.7% in 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 in the last quarter. 94.21% of the stock is owned by hedge funds and other institutional investors.

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A number of research analysts have commented on IPHS shares. Zacks Investment Research raised 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 report on Tuesday, August 8th. BidaskClub cut shares of Innophos Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th.

Shares of Innophos Holdings, Inc. (NASDAQ IPHS) opened at 50.17 on Tuesday. The stock has a market cap of $973.10 million, a price-to-earnings ratio of 21.91 and a beta of 0.88. The firm’s 50-day moving average price is $45.96 and its 200-day moving average price is $45.70. Innophos Holdings, Inc. has a 12-month low of $38.13 and a 12-month high of $58.22.

Innophos Holdings (NASDAQ:IPHS) last released its earnings results on Tuesday, August 1st. The specialty chemicals company reported $0.57 earnings per share (EPS) for the quarter, topping the Zacks’ 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 company had revenue of $179.14 million for the quarter, compared to analyst estimates of $172.65 million. During the same period in the prior year, the business earned $0.63 EPS. The firm’s quarterly revenue was down 1.5% on a year-over-year basis. On average, analysts forecast that Innophos Holdings, Inc. will post $2.51 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 6th. Shareholders of record on Friday, August 18th were paid a $0.48 dividend. The ex-dividend date was Wednesday, August 16th. This represents a $1.92 annualized dividend and a dividend yield of 3.83%. Innophos Holdings’s dividend payout ratio (DPR) is 84.21%.

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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