Bbva Compass Bancshares Inc. Sells 596 Shares of Albemarle Corporation (ALB)

Bbva Compass Bancshares Inc. reduced its stake in Albemarle Corporation (NYSE:ALB) by 7.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,163 shares of the specialty chemicals company’s stock after selling 596 shares during the period. Bbva Compass Bancshares Inc.’s holdings in Albemarle Corporation were worth $976,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. increased its holdings in Albemarle Corporation by 2.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 968 shares of the specialty chemicals company’s stock valued at $102,000 after purchasing an additional 20 shares in the last quarter. Carroll Financial Associates Inc. increased its holdings in Albemarle Corporation by 0.3% in the 2nd quarter. Carroll Financial Associates Inc. now owns 982 shares of the specialty chemicals company’s stock valued at $103,000 after purchasing an additional 3 shares in the last quarter. Smithfield Trust Co. increased its holdings in Albemarle Corporation by 16.1% in the 2nd quarter. Smithfield Trust Co. now owns 1,008 shares of the specialty chemicals company’s stock valued at $106,000 after purchasing an additional 140 shares in the last quarter. Highlander Capital Management LLC acquired a new stake in Albemarle Corporation in the 2nd quarter valued at $106,000. Finally, Advisory Services Network LLC increased its holdings in Albemarle Corporation by 43.7% in the 2nd quarter. Advisory Services Network LLC now owns 1,273 shares of the specialty chemicals company’s stock valued at $134,000 after purchasing an additional 387 shares in the last quarter. Hedge funds and other institutional investors own 83.79% of the company’s stock.

In other Albemarle Corporation news, EVP Matthew Juneau sold 5,397 shares of the firm’s stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $115.77, for a total transaction of $624,810.69. Following the completion of the transaction, the executive vice president now owns 360 shares in the company, valued at approximately $41,677.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Karen G. Narwold sold 11,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was 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 of the company’s stock, valued at approximately $4,246,089. The disclosure for this sale can be found here. 0.74% of the stock is owned by company insiders.

ALB has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Albemarle Corporation from a “hold” rating to a “buy” rating and set a $121.00 price objective for the company in a research report on Friday, July 7th. Oppenheimer Holdings, Inc. upped their price objective on shares of Albemarle Corporation from $133.00 to $157.00 and gave the company an “outperform” rating in a research report on Monday, October 16th. Robert W. Baird reissued an “outperform” rating and issued a $135.00 price objective (up from $125.00) on shares of Albemarle Corporation in a research report on Tuesday, July 18th. They noted that the move was a valuation call. BidaskClub cut shares of Albemarle Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Finally, Instinet reissued a “buy” rating and issued a $154.00 price objective (up from $146.00) on shares of Albemarle Corporation in a research report on Friday, October 13th. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $125.45.

Shares of Albemarle Corporation (ALB) traded down $2.29 during mid-day trading on Friday, hitting $140.04. 1,393,435 shares of the stock traded hands, compared to its average volume of 1,280,000. The company has a quick ratio of 1.67, a current ratio of 2.24 and a debt-to-equity ratio of 0.36. Albemarle Corporation has a twelve month low of $76.32 and a twelve month high of $143.69. The company has a market capitalization of $15.47 billion, a PE ratio of 35.38, a price-to-earnings-growth ratio of 2.12 and a beta of 1.72.

Albemarle Corporation (NYSE:ALB) last posted its earnings results on Monday, August 7th. The specialty chemicals company reported $1.13 EPS for the quarter, topping the consensus estimate of $1.11 by $0.02. Albemarle Corporation had a net margin of 31.49% and a return on equity of 11.59%. The business had revenue of $737.25 million for the quarter, compared to the consensus estimate of $735.50 million. During the same period last year, the company earned $0.93 EPS. The firm’s revenue was up 10.1% compared to the same quarter last year. equities research analysts expect that Albemarle Corporation will post 4.36 earnings per share for the current fiscal year.

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Albemarle Corporation Company Profile

Albemarle Corporation is a global developer, manufacturer and marketer of highly-engineered specialty chemicals. The Company operates through three segments: Lithium and Advanced Materials, Bromine Specialties and Refining Solutions. Lithium and Advanced Materials segment consist of two product categories: Lithium and Performance Catalyst Solutions.

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Institutional Ownership by Quarter for Albemarle Corporation (NYSE:ALB)

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