Ferro Co. (NYSE:FOE) CFO Benjamin Schlater Sells 2,500 Shares

Ferro Co. (NYSE:FOE) CFO Benjamin Schlater sold 2,500 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $12.36, for a total transaction of $30,900.00. Following the completion of the transaction, the chief financial officer now owns 30,055 shares of the company’s stock, valued at $371,479.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Benjamin Schlater also recently made the following trade(s):

  • On Monday, August 12th, Benjamin Schlater sold 7,500 shares of Ferro stock. The shares were sold at an average price of $12.23, for a total transaction of $91,725.00.

Shares of FOE stock traded down $0.35 on Monday, hitting $11.65. The stock had a trading volume of 289,658 shares, compared to its average volume of 870,286. The stock has a market capitalization of $955.30 million, a price-to-earnings ratio of 7.77, a price-to-earnings-growth ratio of 1.12 and a beta of 1.92. The business has a 50 day simple moving average of $14.66. The company has a debt-to-equity ratio of 2.25, a current ratio of 2.58 and a quick ratio of 1.49. Ferro Co. has a 52-week low of $11.58 and a 52-week high of $23.88.

Ferro (NYSE:FOE) last posted its quarterly earnings data on Tuesday, July 30th. The specialty chemicals company reported $0.35 EPS for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.02. Ferro had a net margin of 3.28% and a return on equity of 27.77%. The firm had revenue of $393.90 million for the quarter, compared to the consensus estimate of $415.39 million. During the same period in the prior year, the firm posted $0.44 EPS. The firm’s revenue was down 5.4% compared to the same quarter last year. Sell-side analysts expect that Ferro Co. will post 1.21 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of FOE. LS Investment Advisors LLC acquired a new stake in shares of Ferro in the 1st quarter worth about $47,000. Quantamental Technologies LLC acquired a new position in Ferro during the 1st quarter valued at about $132,000. Amalgamated Bank bought a new position in shares of Ferro during the 4th quarter valued at about $192,000. Virtu Financial LLC bought a new position in shares of Ferro during the 1st quarter valued at about $214,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Ferro during the 1st quarter valued at about $259,000. Hedge funds and other institutional investors own 98.24% of the company’s stock.

Several research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Ferro from a “sell” rating to a “hold” rating in a research note on Monday, July 29th. TheStreet downgraded shares of Ferro from a “b-” rating to a “c+” rating in a research note on Wednesday, May 29th. Buckingham Research downgraded shares of Ferro from a “buy” rating to a “neutral” rating and decreased their target price for the company from $21.00 to $16.00 in a research note on Thursday, August 1st. ValuEngine downgraded shares of Ferro from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 1st. Finally, BMO Capital Markets decreased their target price on shares of Ferro to $15.00 and set a “market perform” rating for the company in a research note on Thursday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. Ferro has an average rating of “Hold” and a consensus target price of $18.60.

Ferro Company Profile

Ferro Corporation produces specialty materials in the United States and internationally. It operates through three segments: Performance Coatings, Performance Colors and Glass, and Color Solutions. The company offers frits, porcelain and other glass enamels, glazes, stains, decorating colors, pigments, inks, polishing materials, dielectrics, electronic glasses, and other specialty coatings.

Featured Story: Intrinsic Value

Insider Buying and Selling by Quarter for Ferro (NYSE:FOE)

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