KMG Chemicals, Inc. (KMG) Holdings Increased by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. boosted its position in KMG Chemicals, Inc. (NYSE:KMG) by 29.6% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 18,400 shares of the specialty chemicals company’s stock after acquiring an additional 4,200 shares during the period. Schwab Charles Investment Management Inc. owned about 0.15% of KMG Chemicals worth $896,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Spark Investment Management LLC boosted its holdings in shares of KMG Chemicals by 280.2% in the 2nd quarter. Spark Investment Management LLC now owns 22,500 shares of the specialty chemicals company’s stock valued at $1,095,000 after purchasing an additional 16,582 shares during the last quarter. Bowling Portfolio Management LLC acquired a new position in shares of KMG Chemicals in the 2nd quarter valued at $1,311,000. Acadian Asset Management LLC boosted its holdings in shares of KMG Chemicals by 108.7% in the 2nd quarter. Acadian Asset Management LLC now owns 402,356 shares of the specialty chemicals company’s stock valued at $19,582,000 after purchasing an additional 209,577 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of KMG Chemicals by 894.2% in the 2nd quarter. Russell Investments Group Ltd. now owns 34,609 shares of the specialty chemicals company’s stock valued at $1,685,000 after purchasing an additional 31,128 shares during the last quarter. Finally, James Investment Research Inc. acquired a new position in shares of KMG Chemicals in the 2nd quarter valued at $1,234,000. 58.43% of the stock is owned by hedge funds and other institutional investors.

KMG Chemicals, Inc. (NYSE:KMG) opened at 54.44 on Tuesday. The company’s 50 day moving average is $53.21 and its 200 day moving average is $51.58. KMG Chemicals, Inc. has a 12-month low of $26.33 and a 12-month high of $61.10. The firm has a market cap of $648.16 million, a price-to-earnings ratio of 28.35 and a beta of 0.62.

KMG Chemicals (NYSE:KMG) last announced its quarterly earnings results on Monday, October 16th. The specialty chemicals company reported $0.69 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.16. KMG Chemicals had a net margin of 7.09% and a return on equity of 17.45%. The company had revenue of $96.26 million for the quarter, compared to analyst estimates of $96.00 million. The business’s revenue for the quarter was up 27.8% on a year-over-year basis. On average, equities analysts anticipate that KMG Chemicals, Inc. will post $3.12 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Tuesday, October 10th were paid a dividend of $0.03 per share. The ex-dividend date was Friday, October 6th. This represents a $0.12 annualized dividend and a dividend yield of 0.22%. KMG Chemicals’s dividend payout ratio (DPR) is 6.25%.

Several equities analysts recently weighed in on the stock. Zacks Investment Research lowered shares of KMG Chemicals from a “hold” rating to a “sell” rating in a report on Tuesday. BidaskClub lowered shares of KMG Chemicals from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th.

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In other news, major shareholder David L. Hatcher sold 3,000 shares of the stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $50.06, for a total transaction of $150,180.00. Following the transaction, the insider now owns 1,664,097 shares in the company, valued at approximately $83,304,695.82. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder David L. Hatcher sold 9,000 shares of the stock in a transaction on Friday, August 4th. The stock was sold at an average price of $49.68, for a total transaction of $447,120.00. Following the transaction, the insider now owns 1,664,097 shares in the company, valued at approximately $82,672,338.96. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 252,000 shares of company stock worth $12,815,610. 6.90% of the stock is currently owned by company insiders.

KMG Chemicals Company Profile

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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