Principal Monetary Group Inc. trimmed its stake in shares of Albemarle Company (NYSE:ALB – Free Report) by 0.4% within the 1st quarter, in line with its most up-to-date 13F submitting with the Securities and Alternate Fee (SEC). The institutional investor owned 132,358 shares of the specialty chemical compounds firm’s inventory after promoting 466 shares throughout the quarter. Principal Monetary Group Inc. owned 0.11% of Albemarle value $9,532,000 on the finish of the latest quarter.
Numerous different institutional traders additionally just lately purchased and offered shares of ALB. Vanguard Group Inc. lifted its stake in Albemarle by 2.5% within the fourth quarter. Vanguard Group Inc. now owns 14,594,499 shares of the specialty chemical compounds firm’s inventory valued at $1,256,294,000 after shopping for a further 359,014 shares over the last quarter. Geode Capital Administration LLC grew its place in shares of Albemarle by 2.0% throughout the fourth quarter. Geode Capital Administration LLC now owns 2,795,891 shares of the specialty chemical compounds firm’s inventory value $240,044,000 after buying a further 53,985 shares over the last quarter. ProShare Advisors LLC grew its place in shares of Albemarle by 1.3% throughout the fourth quarter. ProShare Advisors LLC now owns 1,990,762 shares of the specialty chemical compounds firm’s inventory value $171,365,000 after buying a further 25,207 shares over the last quarter. Earnest Companions LLC grew its place in shares of Albemarle by 0.6% throughout the fourth quarter. Earnest Companions LLC now owns 1,432,153 shares of the specialty chemical compounds firm’s inventory value $123,280,000 after buying a further 8,243 shares over the last quarter. Lastly, Northern Belief Corp raised its stake in Albemarle by 12.1% throughout the 4th quarter. Northern Belief Corp now owns 1,290,797 shares of the specialty chemical compounds firm’s inventory valued at $111,112,000 after buying a further 139,600 shares over the last quarter. 92.87% of the inventory is owned by hedge funds and different institutional traders.
Analyst Upgrades and Downgrades
A number of analysts have commented on ALB shares. Wells Fargo & Firm upped their worth goal on Albemarle from $60.00 to $75.00 and gave the corporate an “equal weight” ranking in a analysis be aware on Monday. KeyCorp diminished their worth goal on Albemarle from $95.00 to $87.00 and set an “chubby” ranking for the corporate in a analysis be aware on Monday. TD Securities dropped their goal worth on Albemarle from $115.00 to $65.00 and set a “maintain” ranking on the inventory in a analysis report on Thursday, Could 1st. Piper Sandler set a $68.00 goal worth on Albemarle and gave the inventory an “underweight” ranking in a analysis report on Wednesday, Could 14th. Lastly, Morgan Stanley dropped their goal worth on Albemarle from $68.00 to $58.00 and set an “underweight” ranking on the inventory in a analysis report on Tuesday, Could sixth. 4 funding analysts have rated the inventory with a promote ranking, 13 have given a maintain ranking and 5 have assigned a purchase ranking to the inventory. In accordance with MarketBeat.com, the inventory presently has a consensus ranking of “Maintain” and a consensus worth goal of $91.62.
View Our Newest Evaluation on Albemarle
Albemarle Worth Efficiency
Shares of NYSE:ALB opened at $71.92 on Tuesday. The enterprise’s fifty day transferring common worth is $61.18 and its two-hundred day transferring common worth is $70.36. The inventory has a market cap of $8.46 billion, a PE ratio of -6.47 and a beta of 1.63. The corporate has a debt-to-equity ratio of 0.39, a fast ratio of 1.26 and a present ratio of two.11. Albemarle Company has a one yr low of $49.43 and a one yr excessive of $113.91.
Albemarle (NYSE:ALB – Get Free Report) final introduced its earnings outcomes on Wednesday, April thirtieth. The specialty chemical compounds firm reported ($0.18) EPS for the quarter, beating analysts’ consensus estimates of ($0.62) by $0.44. The agency had income of $1.08 billion for the quarter, in comparison with analysts’ expectations of $1.18 billion. Albemarle had a destructive return on fairness of 1.92% and a destructive internet margin of twenty-two.39%. Albemarle’s quarterly income was down 20.9% on a year-over-year foundation. Throughout the identical quarter within the prior yr, the agency earned $0.26 EPS. On common, analysts forecast that Albemarle Company will publish -0.04 EPS for the present fiscal yr.
Albemarle Dividend Announcement
The enterprise additionally just lately introduced a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of file on Friday, June thirteenth have been issued a dividend of $0.405 per share. This represents a $1.62 dividend on an annualized foundation and a yield of two.25%. The ex-dividend date was Friday, June thirteenth. Albemarle’s dividend payout ratio (DPR) is presently -14.57%.
Albemarle Firm Profile
(Free Report)
Albemarle Company develops, manufactures, and markets engineered specialty chemical compounds worldwide. It operates by means of three segments: Power Storage, Specialties and Ketjen. The Power Storage section presents lithium compounds, together with lithium carbonate, lithium hydroxide, and lithium chloride; technical companies for the dealing with and use of reactive lithium merchandise; and lithium-containing by-products recycling companies.
Additional Studying
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