Albemarle Corporation (NASDAQ:ALB) Expected To Report Earnings On Wednesday

Janus Henderson Group PLC now owns 817,035 shares of the specialty chemicals company's stock valued at $86,230,000 after acquiring an additional 735,956 shares during the last quarter. Tortoise Capital Advisors Ltd Liability Com invested 0% of its portfolio in Albemarle Corporation (NYSE:ALB). Artisan Partners Limited Partnership now owns 731,690 shares of the specialty chemicals company's stock valued at $77,223,000 after acquiring an additional 720,049 shares during the last quarter. The 1492 Capital Management Llc holds 7,606 shares with $610,000 value, down from 15,787 last quarter. It improved, as 32 investors sold Albemarle Corporation shares while 163 reduced holdings. TIAA CREF Investment Management LLC increased its position in shares of Albemarle Corporation by 69.2% during the second quarter. Vanguard Group Inc. now owns 12,501,329 shares of the specialty chemicals company's stock worth $1,319,389,000 after buying an additional 213,530 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in Albemarle Corporation by 2,054.6% in the 2nd quarter. Jennison Associates LLC now owns 6,421,530 shares of the specialty chemicals company's stock worth $677,728,000 after purchasing an additional 689,054 shares in the last quarter.

Several analysts have commented on the stock. New Jersey Better Educational Savings holds 0.64% of its portfolio in Albemarle Corporation (NYSE:ALB) for 7,000 shares. Zacks Investment Research lowered Albemarle Corporation from a buy rating to a hold rating in a research report on Tuesday, August 1st. Colony Group Inc Limited Liability Corp accumulated 12,401 shares. Finally, Citigroup Inc. increased their price target on Albemarle Corp. from $95.00 to $101.00 and gave the company a buy rating in a research report on Tuesday, August 9th. KeyCorp reiterated a buy rating and issued a $125.00 price objective on shares of Albemarle Corporation in a research report on Sunday, September 3rd. If the $151.98 price target is reached, the company will be worth $950.40 million more. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The stock of Albemarle Corporation (NYSE:ALB) earned "Buy" rating by SunTrust on Friday, August 7.

COPYRIGHT VIOLATION WARNING: "Albemarle Corporation (ALB) Position Increased by Robeco Institutional Asset Management B.V." was first posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this report on another domain, it was illegally copied and reposted in violation of USA & worldwide copyright & trademark legislation. RBC Capital Markets maintained the shares of ALB in report on Thursday, July 13 with "Buy" rating.

Albemarle Corporation (NYSE:ALB) opened at $144.58 on Thursday. The stock had a trading volume of 944,186 shares, compared to its average volume of 1,230,000. The company has a market capitalization of $15,930.00, a P/E ratio of 36.69, a P/E/G ratio of 2.20 and a beta of 1.72. Albemarle Corporation has a 12 month low of $76.32 and a 12 month high of $144.33. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.67 and a current ratio of 2.24. Albemarle Corporation (NYSE:ALB) has risen 45.60% since November 8, 2016 and is uptrending.

In terms of earnings per share, 18 analysts have a 1.13 EPS mean target for the quarter ending Dec-17, for the quarter ending Mar-18, 5 analysts have a 1.21 EPS mean target and for the quarter ending Mar-18 there are 20 estimates of 4.38 EPS. Albemarle Corporation had a return on equity of 11.59% and a net margin of 31.49%. The company issued revenue guidance of $3.00-3.05 billion, compared to the consensus revenue estimate of $2.95 billion. Moreover, Heartland Advisors Inc has 0.11% invested in the company for 225,000 shares.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Thursday, December 15th will be paid a dividend of $0.305 per share. This represents a $1.28 annualized dividend and a yield of 0.89%. Albemarle Corporation's dividend payout ratio (DPR) is now 47.94%. Also, EVP Karen G. Narwold sold 11,500 shares of Albemarle Corporation stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $115.95, for a total transaction of $1,333,425.00. Following the transaction, the executive vice president now owns 36,620 shares in the company, valued at approximately $4,246,089. Kanawha Capital Management LLC's holdings in Albemarle Corporation were worth $543,000 as of its most recent filing with the Securities and Exchange Commission (SEC). The stock was sold at an average price of $115.77, for a total transaction of $624,810.69. Following the sale, the executive vice president now owns 360 shares of the company's stock, valued at approximately $41,677.20. The disclosure for this sale can be found here. Corporate insiders own 0.74% of the company's stock. The Firm operates through three divisions: Lithium and Advanced Materials, Bromine Specialties and Refining Solutions.

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