Albemarle Co. (NYSE:ALB) Holdings Raised by Koss Olinger Consulting LLC

Koss Olinger Consulting LLC increased its holdings in Albemarle Co. (NYSE:ALB) by 1.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,972 shares of the specialty chemicals company’s stock after acquiring an additional 319 shares during the period. Koss Olinger Consulting LLC’s holdings in Albemarle were worth $1,892,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of ALB. WFA Asset Management Corp purchased a new stake in Albemarle in the 1st quarter worth about $25,000. First Community Trust NA purchased a new stake in Albemarle in the 2nd quarter worth about $25,000. CVA Family Office LLC lifted its stake in Albemarle by 610.0% in the 2nd quarter. CVA Family Office LLC now owns 284 shares of the specialty chemicals company’s stock worth $27,000 after acquiring an additional 244 shares in the last quarter. First Financial Corp IN purchased a new stake in Albemarle in the 1st quarter worth about $32,000. Finally, ORG Partners LLC lifted its stake in Albemarle by 2,142.1% in the 2nd quarter. ORG Partners LLC now owns 426 shares of the specialty chemicals company’s stock worth $42,000 after acquiring an additional 407 shares in the last quarter. 92.87% of the stock is owned by hedge funds and other institutional investors.

Albemarle Price Performance

Shares of ALB stock opened at $95.14 on Monday. The stock has a 50 day moving average of $89.58 and a two-hundred day moving average of $102.90. The company has a current ratio of 2.67, a quick ratio of 1.75 and a debt-to-equity ratio of 0.38. Albemarle Co. has a 12 month low of $71.97 and a 12 month high of $153.54. The company has a market capitalization of $11.18 billion, a P/E ratio of 34.60, a P/E/G ratio of 13.81 and a beta of 1.54.

Albemarle (NYSE:ALB) last announced its quarterly earnings data on Wednesday, July 31st. The specialty chemicals company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.49). Albemarle had a positive return on equity of 6.38% and a negative net margin of 6.72%. The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the prior year, the business posted $7.33 EPS. Albemarle’s revenue was down 39.7% compared to the same quarter last year. As a group, equities analysts expect that Albemarle Co. will post 0.46 EPS for the current year.

Wall Street Analyst Weigh In

ALB has been the topic of several research reports. Baird R W lowered Albemarle from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 5th. Hsbc Global Res raised Albemarle to a “hold” rating in a research report on Wednesday, July 17th. Citigroup dropped their target price on Albemarle from $137.00 to $100.00 and set a “neutral” rating on the stock in a research report on Friday, July 12th. Berenberg Bank lowered Albemarle from a “buy” rating to a “hold” rating and lowered their price objective for the company from $160.00 to $83.00 in a report on Wednesday, July 31st. Finally, Robert W. Baird lowered Albemarle from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $102.00 to $85.00 in a report on Monday, August 5th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $117.60.

Albemarle Profile

Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals worldwide. It operates through three segments: Energy Storage, Specialties and Ketjen. The Energy Storage segment offers lithium compounds, including lithium carbonate, lithium hydroxide, and lithium chloride; technical services for the handling and use of reactive lithium products; and lithium-containing by-products recycling services.