GAM Holding AG Acquires Shares of 46,100 KMG Chemicals, Inc. (KMG)

GAM Holding AG acquired a new stake in KMG Chemicals, Inc. (NYSE:KMG) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 46,100 shares of the specialty chemicals company’s stock, valued at approximately $3,483,000. GAM Holding AG owned about 0.30% of KMG Chemicals at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KMG. Tower Research Capital LLC TRC acquired a new stake in KMG Chemicals during the 3rd quarter valued at $171,000. Teacher Retirement System of Texas acquired a new stake in KMG Chemicals during the 2nd quarter valued at $208,000. Trexquant Investment LP acquired a new stake in KMG Chemicals during the 3rd quarter valued at $273,000. Brookstone Capital Management acquired a new stake in KMG Chemicals during the 3rd quarter valued at $294,000. Finally, Chicago Equity Partners LLC acquired a new stake in KMG Chemicals during the 2nd quarter valued at $311,000. 83.98% of the stock is owned by institutional investors.

KMG stock opened at $76.14 on Tuesday. The company has a current ratio of 2.62, a quick ratio of 1.71 and a debt-to-equity ratio of 0.74. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of 17.58, a PEG ratio of 0.58 and a beta of 0.48. KMG Chemicals, Inc. has a fifty-two week low of $50.67 and a fifty-two week high of $79.35.

KMG Chemicals (NYSE:KMG) last posted its quarterly earnings data on Thursday, October 18th. The specialty chemicals company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.28. KMG Chemicals had a return on equity of 16.69% and a net margin of 13.93%. As a group, equities analysts expect that KMG Chemicals, Inc. will post 4.64 EPS for the current fiscal year.

Several equities research analysts have issued reports on the company. ValuEngine raised KMG Chemicals from a “hold” rating to a “buy” rating in a report on Wednesday, August 15th. Zacks Investment Research downgraded KMG Chemicals from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 15th. Fraser Mackenzie reaffirmed a “buy” rating on shares of KMG Chemicals in a report on Friday, November 2nd. Seaport Global Securities downgraded KMG Chemicals from a “buy” rating to a “neutral” rating in a report on Friday, September 14th. Finally, Gabelli downgraded KMG Chemicals from a “buy” rating to a “hold” rating in a report on Thursday, August 16th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $76.00.

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KMG Chemicals Profile

KMG Chemicals, Inc, through its subsidiaries, manufactures, formulates, and distributes specialty chemicals and performance materials worldwide. The company's Electronic Chemicals segment is involved in the sale of high purity process chemicals primarily to etch and clean silicon wafers in the production of semiconductors, photovoltaics, and flat panel displays.

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

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