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Zacks Investment Research Downgrades Albemarle Corporation (ALB) to Hold

Qci Asset Management Inc who had been investing in Albemarle Corp for a number of months, seems to be bullish on the $14.75 billion market cap company.

Shares of Albemarle (ALB) traded down $1.17 during midday trading on Tuesday, hitting $133.52.

Based on the lastest quarterly filings, institutions continue to be large stakeholders in Albemarle Corporation (NYSE:ALB). It has outperformed by 28.90% the S&P500. SLAB's profit would be $27.24M giving it 37.15 P/E if the $0.64 EPS is correct. After having $0.66 EPS previously, Silicon Laboratories Inc.'s analysts see -3.03% EPS growth. They expect $1.21 EPS, up 55.13 % or $0.43 from last year's $0.78 per share. About 111,893 shares traded. Antero Resources Corporation (AR) has declined 15.15% since January 16, 2017 and is downtrending. It has outperformed by 27.07% the S&P500.

Since August 23, 2017, it had 0 buys, and 2 sales for $1.96 million activity. Anchor Bolt Limited Partnership has 1.48% invested in Albemarle Corporation (NYSE:ALB). The company's stock had a trading volume of 990,097 shares, compared to its average volume of 1,110,000.

Investors sentiment decreased to 1.13 in Q3 2017. The company has a quick ratio of 1.56, a current ratio of 2.11 and a debt-to-equity ratio of 0.35.

Institutional investors have recently bought and sold shares of the business.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Pinebridge LP owns 1,985 shares. JP Morgan maintained Albemarle Corporation (NYSE:ALB) rating on Tuesday, February 23. Gamco Invsts Et Al stated it has 29,860 shares. Adams Diversified Equity Fund Incorporated owns 76,300 shares or 0.56% of their U.S. portfolio. Eqis Cap reported 6,407 shares stake. During the same period in the previous year, the firm earned $0.91 earnings per share. equities research analysts predict that Albemarle will post 4.46 earnings per share for the current year. Dimensional Fund Lp owns 1.63 million shares or 0.02% of their U.S. portfolio. First Eagle Invest Management Llc reported 557,515 shares.

TRADEMARK VIOLATION WARNING: "Albemarle (NYSE:ALB) Given a $150.00 Price Target at Loop Capital" was first published by StockNewsTimes and is the property of of StockNewsTimes. Columbus Circle Investors invested in 410,096 shares. Raymond James Associates invested in 99,256 shares or 0.03% of the stock.

Fny Managed Accounts Llc increased its stake in Overstock Com Ord (OSTK) by 500% based on its latest 2017Q3 regulatory filing with the SEC. Winslow Evans & Crocker Inc invested in 7,004 shares. Universal Display Corp (NASDAQ:OLED) was reduced too. Out of 21 Wall Street analysts rating Albemarle Corporation, 12 give it "Buy", 0 "Sell" rating, while 9 recommend "Hold". Therefore 57% are positive. Albemarle Corporation had 61 analyst reports since August 7, 2015 according to SRatingsIntel. On Monday, September 18 the stock rating was maintained by RBC Capital Markets with "Buy". Robert W. Baird upgraded Albemarle from a "neutral" rating to an "outperform" rating and lifted their target price for the stock from $131.72 to $133.51 in a research note on Monday, January 8th. The company was maintained on Tuesday, February 21 by RBC Capital Markets. On Thursday, November 9 the stock rating was maintained by UBS with "Neutral". As per Friday, August 5, the company rating was maintained by Deutsche Bank. KeyBanc Capital Markets maintained the shares of ALB in report on Friday, September 1 with "Buy" rating. The stock has "Outperform" rating by RBC Capital Markets on Wednesday, March 1. The firm earned "Buy" rating on Thursday, May 12 by Jefferies. As per Friday, December 9, the company rating was downgraded by Seaport Global Securities. This represents a $1.28 dividend on an annualized basis and a yield of 0.96%. It also increased its holding in Makemytrip Limited Mauritius (NASDAQ:MMYT) by 408,750 shares in the quarter, for a total of 1.91 million shares, and has risen its stake in Servicenow Inc (NYSE:NOW). 46 funds opened positions while 109 raised stakes. Tarbox Family Office Incorporated reported 0% in Campbell Soup Company (NYSE:CPB). World Asset Mngmt Incorporated owns 2,703 shares or 0.01% of their United States portfolio. Ghp Inv Advisors Inc has 7,196 shares for 0.15% of their portfolio. Cibc Comml Bank Usa reported 0.03% in Salesforce.com, inc. (NASDAQ:SLAB). Rothschild Asset Mgmt holds 400,312 shares. Eam Investors Lc stated it has 0.3% in Silicon Laboratories Inc. Bnp Paribas Arbitrage Sa accumulated 148,783 shares or 0.02% of the stock. Dorsey Wright And Assocs invested in 1.95% or 61,916 shares. Comerica Bank owns 64,865 shares. Glob X Mngmt Co holds 252,034 shares. Symphony Asset Management Ltd Limited Liability Company invested in 2,063 shares. Dnb Asset Mgmt As has 0.02% invested in Albemarle Corporation (NYSE:ALB). Therefore 73% are positive.

Other research analysts also recently issued research reports about the company. Royal Bank of Canada reiterated a buy rating and set a $149.00 price target on shares of Albemarle in a report on Wednesday, October 18th. Citigroup has "Buy" rating and $95 target. The stock of Mercadolibre, Inc. The stock of UMB Financial Corporation (NASDAQ:UMBF) earned "Neutral" rating by Piper Jaffray on Tuesday, January 10. The rating was maintained by Maxim Group on Wednesday, February 1 with "Buy". The company was maintained on Tuesday, December 29 by Jefferies. (NYSE:CRM) earned "Overweight" rating by Morgan Stanley on Thursday, November 19. The stock has "Buy" rating by Citigroup on Monday, April 18. The firm has "Buy" rating by Drexel Hamilton given on Wednesday, July 26. Credit Suisse maintained Campbell Soup Company (NYSE:CPB) on Friday, September 1 with "Underperform" rating. It has a 17.19 P/E ratio. It also provides broadcast products, including TV tuners and demodulators, and automotive radio tuners, as well as AM/FM, HD radio, and DAB/DAB+ receivers.

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