Economy

Albemarle Corporation (NYSE:ALB) Lifted to Buy at Zacks Investment Research

Howe & Rusling Inc. now owns 1,069 shares of the specialty chemicals company's stock worth $146,000 after purchasing an additional 1,019 shares during the period. More interesting news about Albemarle Corporation (NYSE:ALB) were released by: Prnewswire.com and their article: "Albemarle Corporation to present at Morgan Stanley Global Chemicals and ..." published on October 17, 2017 as well as Prnewswire.com's news article titled: "Albemarle Corporation to release third quarter 2017 earnings results on ..." with publication date: October 04, 2017. Institutional investors and hedge funds own 88.50% of the company's stock. Bremer Tru National Association holds 0.43% of its portfolio in Facebook Inc (NASDAQ:FB) for 10,111 shares. Looking at stock performance for the past six months, shares are 27.67%.

When we see the company's Volatility, it now has a monthly volatility of 1.69% and weekly volatility of 1.77%.

Hahn Capital Management Llc decreased Cit Group (NYSE:CIT) stake by 250,518 shares to 403,796 valued at $19.66B in 2017Q2. Following the transaction, the executive vice president now directly owns 360 shares of the company's stock, valued at approximately $41,677.20. Alps Advisors Inc. grew its holdings in Albemarle Corporation by 0.3% during the second quarter. The institutional investor owned 8,320 shares of the specialty chemicals company's stock after buying an additional 3,025 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in Albemarle Corporation by 2.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 968 shares of the specialty chemicals company's stock valued at $102,000 after purchasing an additional 20 shares during the period. The Volatility 12m of Albemarle Corporation (NYSE:ALB) is 24.315800. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of United States and global copyright laws. The original version of this piece of content can be read at https://www.truebluetribune.com/2017/10/28/state-of-new-jersey-common-pension-fund-d-sells-97500-shares-of-albemarle-corporation-alb.html. Deutsche Bank AG reaffirmed a "buy" rating on shares of Albemarle Corp.in a research report on Wednesday, August 24th. The stock was sold at an average price of $115.77, for a total value of $624,810.69. Traders may be watching for possible bullish momentum on the stock. (NYSE:ALB) by 76.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). NARWOLD KAREN G had sold 20,000 shares worth $2.16 million on Monday, June 19. A lower price to book ratio indicates that the stock might be undervalued. The disclosure for this sale can be found here.

Several other equities analysts have also commented on the company. The rating was maintained by RBC Capital Markets on Thursday, July 13 with "Buy". Its down 99.73% from 37,200 shares previously. RBC Capital Markets maintained the shares of ALB in report on Wednesday, April 19 with "Buy" rating. The firm has "Buy" rating given on Wednesday, August 16 by Oppenheimer. They issued a "buy" rating and a $150.00 price objective for the company. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock.

Albemarle Corporation (NYSE:ALB) has seen its price went down by -0.87% over the course of one week.

Shares of Albemarle Corporation (NYSE ALB) opened at 139.08 on Tuesday. Smithfield Trust Co. now owns 1,008 shares of the specialty chemicals company's stock valued at $106,000 after acquiring an additional 140 shares during the last quarter. Albemarle Corporation has $160 highest and $52 lowest target. Albemarle Corp. The stock's 50 day moving average price is $81.02 and its 200 day moving average price is $77.90. The firm has a market cap of $15.36 billion, a price-to-earnings ratio of 17.79 and a beta of 1.67. Albemarle Corporation (NYSE:ALB) has risen 45.60% since October 28, 2016 and is uptrending. The specialty chemicals company reported $1.13 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.11 by $0.02. The business had revenue of $737.25 million during the quarter, compared to the consensus estimate of $735.50 million. Albemarle Corporation had a return on equity of 11.59% and a net margin of 31.49%. The firm's revenue for the quarter was up 10.1% compared to the same quarter past year. Blue Edge Limited Liability Company invested 0% of its portfolio in Albemarle Corporation (NYSE:ALB). Albemarle Corporation had an earnings per share growth of -1.90% in the last 5 years.

Albemarle Corporation is a developer, manufacturer and marketer of specialty chemicals across a range of end markets, including the petroleum refining, consumer electronics, energy storage, construction, automotive, steel and aerospace, lubricants, pharmaceuticals, heating, ventilation, and aluminum finishing.



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