California Public Employees Retirement System Sells 1,300 Shares of KMG Chemicals, Inc. (NYSE:KMG)

California Public Employees Retirement System decreased its stake in shares of KMG Chemicals, Inc. (NYSE:KMG) by 3.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 41,900 shares of the specialty chemicals company’s stock after selling 1,300 shares during the period. California Public Employees Retirement System owned 0.35% of KMG Chemicals worth $1,930,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Teachers Advisors LLC boosted its position in shares of KMG Chemicals by 45.6% in the fourth quarter. Teachers Advisors LLC now owns 20,185 shares of the specialty chemicals company’s stock worth $785,000 after buying an additional 6,322 shares during the last quarter. Prudential Financial Inc. acquired a new position in shares of KMG Chemicals during the first quarter worth approximately $1,784,000. Russell Investments Group Ltd. raised its stake in KMG Chemicals by 28.8% in the first quarter. Russell Investments Group Ltd. now owns 3,481 shares of the specialty chemicals company’s stock valued at $160,000 after buying an additional 778 shares during the period. Youngs Advisory Group Inc. raised its stake in KMG Chemicals by 1.8% in the first quarter. Youngs Advisory Group Inc. now owns 29,397 shares of the specialty chemicals company’s stock valued at $1,354,000 after buying an additional 508 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in KMG Chemicals by 4.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 539,465 shares of the specialty chemicals company’s stock valued at $20,980,000 after buying an additional 25,228 shares during the period. 71.23% of the stock is owned by institutional investors.

KMG Chemicals, Inc. (NYSE:KMG) traded down 0.71% on Friday, reaching $47.66. 113,885 shares of the company’s stock were exchanged. The stock has a market cap of $566.63 million, a price-to-earnings ratio of 26.14 and a beta of 0.58. KMG Chemicals, Inc. has a one year low of $25.87 and a one year high of $61.10. The firm has a 50 day moving average of $49.89 and a 200-day moving average of $46.82.

KMG Chemicals (NYSE:KMG) last posted its quarterly earnings results on Friday, June 9th. The specialty chemicals company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.47 by $0.06. The company had revenue of $81.60 million during the quarter, compared to analysts’ expectations of $79.78 million. KMG Chemicals had a return on equity of 15.66% and a net margin of 7.05%. The firm’s revenue was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.41 EPS. Equities research analysts forecast that KMG Chemicals, Inc. will post $2.09 EPS for the current fiscal year.

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Several equities research analysts have recently issued reports on KMG shares. BidaskClub upgraded shares of KMG Chemicals from a “hold” rating to a “buy” rating in a report on Tuesday, July 11th. Gabelli upgraded shares of KMG Chemicals from a “hold” rating to a “buy” rating in a report on Monday, May 1st.

In other news, SVP Jeffrey S. Handelman bought 2,000 shares of the firm’s stock in a transaction dated Friday, June 16th. The stock was acquired at an average price of $48.50 per share, for a total transaction of $97,000.00. Following the acquisition, the senior vice president now owns 2,000 shares of the company’s stock, valued at $97,000. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder David L. Hatcher sold 9,000 shares of the business’s stock in a transaction dated Friday, June 23rd. The stock was sold at an average price of $46.85, for a total value of $421,650.00. Following the sale, the insider now owns 1,751,097 shares of the company’s stock, valued at approximately $82,038,894.45. The disclosure for this sale can be found here. Insiders sold a total of 186,000 shares of company stock valued at $9,347,100 in the last 90 days. 6.90% of the stock is owned by company insiders.

About KMG Chemicals

KMG Chemicals, Inc manufactures, formulates and globally distributes specialty chemicals. The Company operates businesses selling electronic chemicals, industrial wood treating chemicals, and industrial valve lubricants and sealants. The Company operates through two segments: Electronic chemicals and Other chemicals.

Institutional Ownership by Quarter for KMG Chemicals (NYSE:KMG)

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