Economy

Zacks Investment Research Lowers Albemarle (NYSE:ALB) to Hold

ALB's institutional ownership was registered as 91.40%, while insider ownership was 0.30%. Agf Investments America Inc who had been investing in Albemarle Corp. for a number of months, seems to be bullish on the $14.82B market cap company. The stock decreased 0.43% or $0.58 during the last trading session, reaching $134.11. The NASDAQ listed company saw a recent bid of $18.67 and 455188 shares have traded hands in the session. Albemarle Corporation (NYSE:ALB) has risen 45.60% since January 11, 2017 and is uptrending. It has outperformed by 28.90% the S&P500.

Pictet Bank & Trust Ltd decreased its stake in Albemarle Corp (ALB) by 25.6% based on its latest 2017Q3 regulatory filing with the SEC. Beddow Capital stated it has 71,461 shares or 3.42% of all its holdings.

Several hedge funds have recently modified their holdings of the company. The company has market cap of $76.08 million. It closed at $7.07 lastly. HFF, Inc. (HF) has risen 10.16% since January 11, 2017 and is uptrending. It has outperformed by 16.19% the S&P500. The firm has "Buy" rating by Deutsche Bank given on Friday, August 5. Therefore 30% are positive. The stock has "Buy" rating by RBC Capital Markets on Thursday, November 9. The stock has "Hold" rating by Jefferies on Thursday, January 19. On Tuesday, August 25 the stock rating was maintained by Canaccord Genuity with "Buy". The company was upgraded on Friday, July 31 by Credit Suisse. Autoliv Inc had 92 analyst reports since July 22, 2015 according to SRatingsIntel. After having $0.18 EPS previously, Surmodics, Inc.'s analysts see -127.78% EPS growth. The company has a current ratio of 2.11, a quick ratio of 1.56 and a debt-to-equity ratio of 0.35. They expect $1.21 earnings per share, up 55.13% or $0.43 from last year's $0.78 per share. Its up 0.19, from 1.23 in 2017Q2. It increased, as 8 investors sold IMMR shares while 16 reduced holdings. 84 funds opened positions while 244 raised stakes. 421,501 are owned by Cooper Creek Prtn Management Llc. Dimensional Fund Advsrs Lp has invested 0.05% in Monsanto Company (NYSE:MON). Dorsey Whitney Tru Company Ltd Llc holds 0.04% or 1,678 shares in its portfolio. Tiaa Cref Inv Mgmt Ltd Liability Corp reported 0% in Autoliv, Inc. Nomura Asset Management Limited accumulated 15,282 shares or 0.03% of the stock. Goldman Sachs Grp holds 891,794 shares or 0.03% of its portfolio. Pitcairn Company holds 4,680 shares or 0.07% of its portfolio. Ameriprise Financial Incorporated has 0% invested in Surmodics, Inc. (NYSE:ROK). Louisiana State Employees Retirement stated it has 0.07% of its portfolio in Rockwell Automation Inc. 5,397 Albemarle Corporation (NYSE:ALB) shares with value of $624,811 were sold by Juneau Matthew. Monetta Fin holds 10,500 shares. Wells Fargo And Mn holds 0% or 54,849 shares in its portfolio. State Of Alaska Department Of Revenue reported 0.07% stake.

Investors sentiment decreased to 1.13 in 2017 Q3. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.95%. It is negative, as 53 investors sold ALB shares while 158 reduced holdings.

Leavell Investment Management Inc. raised its stake in Albemarle Co. Cibc Markets Inc reported 20,590 shares. Hardman Johnston Lc, a Connecticut-based fund reported 285,837 shares. (NYSE ALB) traded down $2.01 during trading on Wednesday, reaching $135.44. Of Virginia holds 9,050 shares or 0.29% of its portfolio.

Nuveen Asset Limited Company reported 0% of its portfolio in Albemarle Corporation (NYSE:ALB). Atlantic Trust invested in 0.03% or 46,160 shares. Creative Planning holds 0% of its portfolio in Albemarle Corporation (NYSE:ALB) for 3,841 shares. Sandler Capital Mgmt invested in 0.58% or 26,000 shares.

Charter Trust Company, which manages about $826.64M US Long portfolio, decreased its stake in International Business Machine (NYSE:IBM) by 2,698 shares to 164,308 shares, valued at $23.84M in 2017Q3, according to the filing. Motco who had been investing in Altria Group Inc. for a number of months, seems to be bullish on the $133.86 billion market cap company. Cleararc Cap holds 2,854 shares or 0.06% of its portfolio. The fund owned 48,099 shares of the specialty chemicals company's stock after purchasing an additional 1,000 shares during the quarter. The New Jersey-based Peapack Gladstone Fincl has invested 0.04% in Albemarle Corporation (NYSE:ALB). The stock of Albemarle Corporation (NYSE:ALB) earned "Buy" rating by RBC Capital Markets on Thursday, November 9. Therefore 74% are positive. Royal Bank of Canada reaffirmed a "buy" rating and set a $136.00 price objective on shares of Albemarle in a report on Wednesday, September 20th.

Among 21 analysts covering Albemarle Corporation (NYSE:ALB), 12 have Buy rating, 0 Sell and 9 Hold. RBC Capital Markets has "Buy" rating and $13600 target. On Monday, November 21 the stock rating was downgraded by Barrington Research to "Mkt Perform". The rating was maintained by Deutsche Bank on Friday, August 5 with "Buy". The firm has "Outperform" rating by Robert W. Baird given on Tuesday, January 17. KeyCorp lifted their price target on Albemarle from $125.00 to $150.00 and gave the company a "buy" rating in a research note on Monday, October 16th. Loop Capital began coverage on Albemarle in a research note on Thursday, September 28th. RBC Capital Markets has "Buy" rating and $149.0 target.



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