Municipal Employees Retirement System of Michigan bought a new stake in shares of Innophos Holdings, Inc. (NASDAQ:IPHS) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 8,650 shares of the specialty chemicals company’s stock, valued at approximately $212,000.

A number of other large investors have also recently made changes to their positions in the business. BlackRock Inc. raised its stake in Innophos by 4.7% during the 4th quarter. BlackRock Inc. now owns 2,932,174 shares of the specialty chemicals company’s stock valued at $71,925,000 after purchasing an additional 131,590 shares during the period. Vanguard Group Inc raised its stake in Innophos by 2.0% during the 3rd quarter. Vanguard Group Inc now owns 2,065,439 shares of the specialty chemicals company’s stock valued at $91,705,000 after purchasing an additional 41,101 shares during the period. Vanguard Group Inc. raised its stake in Innophos by 2.0% during the 3rd quarter. Vanguard Group Inc. now owns 2,065,439 shares of the specialty chemicals company’s stock valued at $91,705,000 after purchasing an additional 41,101 shares during the period. Dimensional Fund Advisors LP raised its stake in Innophos by 3.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,084,227 shares of the specialty chemicals company’s stock valued at $26,596,000 after purchasing an additional 38,309 shares during the period. Finally, Deprince Race & Zollo Inc. raised its stake in Innophos by 40.7% during the 4th quarter. Deprince Race & Zollo Inc. now owns 612,289 shares of the specialty chemicals company’s stock valued at $15,019,000 after purchasing an additional 177,149 shares during the period. 93.49% of the stock is currently owned by institutional investors.

NASDAQ IPHS opened at $32.15 on Tuesday. Innophos Holdings, Inc. has a 1-year low of $22.57 and a 1-year high of $50.40. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.13 and a current ratio of 2.52. The firm has a market capitalization of $639.55 million, a PE ratio of 14.30 and a beta of 1.32.

Innophos (NASDAQ:IPHS) last posted its quarterly earnings results on Wednesday, February 20th. The specialty chemicals company reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.03. Innophos had a net margin of 4.50% and a return on equity of 13.39%. The business had revenue of $192.74 million for the quarter, compared to the consensus estimate of $189.60 million. During the same period in the prior year, the business posted $0.52 earnings per share. Innophos’s revenue for the quarter was down .2% compared to the same quarter last year. On average, sell-side analysts predict that Innophos Holdings, Inc. will post 2.23 EPS for the current year.

Several analysts have issued reports on the stock. Seaport Global Securities assumed coverage on shares of Innophos in a research note on Thursday, February 21st. They set a “buy” rating on the stock. BidaskClub raised shares of Innophos from a “sell” rating to a “hold” rating in a research note on Friday, January 25th. Zacks Investment Research downgraded shares of Innophos from a “hold” rating to a “sell” rating in a research note on Saturday, March 2nd. ValuEngine raised shares of Innophos from a “strong sell” rating to a “sell” rating in a research note on Monday, February 4th. Finally, TheStreet raised shares of Innophos from a “c” rating to a “b-” rating in a research note on Thursday, February 21st. Two research analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the stock. Innophos has an average rating of “Hold” and a consensus target price of $51.00.

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About Innophos

Innophos Holdings, Inc, together with its subsidiaries, produces specialty ingredients with applications in food, health, nutrition, and industrial markets. It operates through three segments: Food, Health and Nutrition; Industrial Specialties; and Other. The company's specialty ingredients include specialty phosphate salts and specialty phosphoric acids, as well as other mineral, enzyme, and botanical based specialty ingredients that are used as flavor enhancers in beverages; electrolytes in sports drinks; texture modifiers in cheeses; leavening agents in baked goods; calcium and phosphorus fortification in food and beverages; moisture and color retention in seafood, poultry, and meat; excipients in vitamins, minerals, nutritional supplements, and pharmaceuticals; and abrasives in toothpaste.

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Institutional Ownership by Quarter for Innophos (NASDAQ:IPHS)

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