QS Investors LLC Boosts Stake in Innophos Holdings, Inc. (IPHS)

QS Investors LLC lifted its stake in Innophos Holdings, Inc. (NASDAQ:IPHS) by 4.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 51,625 shares of the specialty chemicals company’s stock after acquiring an additional 2,032 shares during the quarter. QS Investors LLC owned approximately 0.26% of Innophos Holdings worth $2,263,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. increased its stake in shares of Innophos Holdings by 3.8% in the second quarter. BlackRock Inc. now owns 2,432,009 shares of the specialty chemicals company’s stock worth $106,620,000 after acquiring an additional 89,360 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Innophos Holdings by 2.9% in the second quarter. Vanguard Group Inc. now owns 1,926,577 shares of the specialty chemicals company’s stock worth $84,460,000 after acquiring an additional 54,505 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Innophos Holdings by 0.4% in the second quarter. Dimensional Fund Advisors LP now owns 973,461 shares of the specialty chemicals company’s stock worth $42,676,000 after acquiring an additional 3,717 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Innophos Holdings by 1.5% in the second quarter. Renaissance Technologies LLC now owns 770,700 shares of the specialty chemicals company’s stock worth $33,787,000 after acquiring an additional 11,679 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in shares of 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 worth $26,849,000 after acquiring an additional 249,585 shares during the last quarter. 94.21% of the stock is currently owned by institutional investors and hedge funds.

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A number of equities analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Innophos Holdings from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. BidaskClub downgraded shares of Innophos Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th.

Innophos Holdings, Inc. (NASDAQ IPHS) opened at 49.77 on Friday. The firm has a market capitalization of $965.34 million, a P/E ratio of 21.73 and a beta of 0.89. The stock has a 50 day moving average of $46.55 and a 200-day moving average of $45.70. Innophos Holdings, Inc. has a 1-year low of $38.72 and a 1-year high of $58.22.

Innophos Holdings (NASDAQ:IPHS) last posted its quarterly earnings data on Tuesday, August 1st. The specialty chemicals company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.52 by $0.05. The business had revenue of $179.14 million for the quarter, compared to analysts’ expectations of $172.65 million. Innophos Holdings had a net margin of 6.46% and a return on equity of 13.79%. The firm’s revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.63 EPS. On average, equities research analysts anticipate that Innophos Holdings, Inc. will post $2.51 earnings per share for the current year.

Innophos Holdings Company Profile

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 Holdings (NASDAQ:IPHS)

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