4 days Ago By ABMN Staff
Envestnet Asset Management Inc. raised its holdings in Albemarle Co. ( NYSE:ALB – Free Report ) by 9.
7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 177,939 shares of the specialty chemicals company’s stock after purchasing an additional 15,778 shares during the quarter. Envestnet Asset Management Inc.
owned approximately 0.15% of Albemarle worth $15,317,000 as of its most recent SEC filing. A number of other institutional investors and hedge funds also recently bought and sold shares of the business.
Assetmark Inc. raised its holdings in shares of Albemarle by 340.6% in the fourth quarter.
Assetmark Inc. now owns 304 shares of the specialty chemicals company’s stock valued at $26,000 after buying an additional 235 shares during the last quarter. Trust Co.
of Vermont increased its position in Albemarle by 606.5% in the 4th quarter. Trust Co.
of Vermont now owns 325 shares of the specialty chemicals company’s stock valued at $28,000 after acquiring an additional 279 shares in the last quarter. TD Private Client Wealth LLC raised its stake in shares of Albemarle by 50.4% in the third quarter.
TD Private Client Wealth LLC now owns 394 shares of the specialty chemicals company’s stock worth $37,000 after acquiring an additional 132 shares during the last quarter. First Community Trust NA lifted its position in shares of Albemarle by 55.0% during the fourth quarter.
First Community Trust NA now owns 400 shares of the specialty chemicals company’s stock worth $34,000 after purchasing an additional 142 shares in the last quarter. Finally, Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Albemarle in the fourth quarter valued at approximately $34,000. Institutional investors and hedge funds own 92.
87% of the company’s stock. Albemarle Stock Down 5.9 % Albemarle stock opened at $54.
00 on Wednesday. Albemarle Co. has a twelve month low of $49.
43 and a twelve month high of $137.50. The company has a quick ratio of 1.
19, a current ratio of 1.95 and a debt-to-equity ratio of 0.39.
The company has a 50 day moving average of $72.46 and a 200-day moving average of $88.02.
The stock has a market capitalization of $6.35 billion, a PE ratio of -4.82 and a beta of 1.
59. Albemarle Announces Dividend The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th were given a dividend of $0.
405 per share. This represents a $1.62 dividend on an annualized basis and a yield of 3.
00%. The ex-dividend date was Friday, March 14th. Albemarle’s dividend payout ratio (DPR) is currently -14.
46%. Wall Street Analyst Weigh In A number of brokerages have commented on ALB. Piper Sandler decreased their price objective on Albemarle from $90.
00 to $85.00 and set an “underweight” rating on the stock in a research report on Thursday, February 20th. Mizuho decreased their price target on Albemarle from $90.
00 to $85.00 and set a “neutral” rating on the stock in a report on Friday, March 7th. Royal Bank of Canada cut their target price on shares of Albemarle from $133.
00 to $114.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 12th. Morgan Stanley lowered their price target on shares of Albemarle from $73.
00 to $68.00 and set an “underweight” rating for the company in a research report on Tuesday, February 18th. Finally, Robert W.
Baird dropped their price target on shares of Albemarle from $77.00 to $60.00 and set a “neutral” rating for the company in a research note on Tuesday.
Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Albemarle has an average rating of “Hold” and an average price target of $96.05.
Get Our Latest Report on ALB Albemarle Profile ( Free Report ) Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals worldwide. It operates through three segments: Energy Storage, Specialties and Ketjen. The Energy Storage segment offers lithium compounds, including lithium carbonate, lithium hydroxide, and lithium chloride; technical services for the handling and use of reactive lithium products; and lithium-containing by-products recycling services.
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