Wells Fargo & Company MN Has $1.23 Million Stake in Innophos Holdings, Inc. (IPHS)

Wells Fargo & Company MN increased its stake in shares of Innophos Holdings, Inc. (NASDAQ:IPHS) by 51.0% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 27,958 shares of the specialty chemicals company’s stock after acquiring an additional 9,440 shares during the period. Wells Fargo & Company MN owned 0.14% of Innophos Holdings worth $1,226,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of IPHS. OppenheimerFunds Inc. increased its holdings in shares of Innophos Holdings by 29.2% during the 1st quarter. OppenheimerFunds Inc. now owns 10,313 shares of the specialty chemicals company’s stock valued at $557,000 after acquiring an additional 2,330 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Innophos Holdings by 3.2% during the 1st quarter. Principal Financial Group Inc. now owns 163,404 shares of the specialty chemicals company’s stock valued at $8,819,000 after acquiring an additional 5,028 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Innophos Holdings by 0.7% during the 1st quarter. Wellington Management Group LLP now owns 19,846 shares of the specialty chemicals company’s stock valued at $1,071,000 after acquiring an additional 134 shares during the last quarter. Teachers Advisors LLC increased its holdings in shares of Innophos Holdings by 4.8% during the 1st quarter. Teachers Advisors LLC now owns 55,796 shares of the specialty chemicals company’s stock valued at $3,011,000 after acquiring an additional 2,537 shares during the last quarter. Finally, TIAA CREF Investment Management LLC increased its holdings in shares of Innophos Holdings by 6.0% during the 1st quarter. TIAA CREF Investment Management LLC now owns 146,547 shares of the specialty chemicals company’s stock valued at $7,909,000 after acquiring an additional 8,272 shares during the last quarter. 94.43% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have recently commented on the company. KeyCorp reissued a “hold” rating on shares of Innophos Holdings in a report on Wednesday. BidaskClub lowered Innophos Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Finally, Zacks Investment Research raised Innophos Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $55.00.

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Innophos Holdings (NASDAQ:IPHS) last released its earnings results on Tuesday, October 31st. The specialty chemicals company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.06. Innophos Holdings had a return on equity of 13.90% and a net margin of 6.19%. The business had revenue of $184.00 million for the quarter, compared to analyst estimates of $179.33 million. During the same quarter in the prior year, the company posted $0.69 earnings per share. Innophos Holdings’s revenue was down 1.1% on a year-over-year basis.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 6th. Investors of record on Friday, November 17th will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $1.92 annualized dividend and a yield of 3.92%. Innophos Holdings’s payout ratio is presently 88.48%.

Innophos Holdings 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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