Ladenburg Thalmann Financial Services Inc. Buys 1,225 Shares of Albemarle Co. (ALB)

Ladenburg Thalmann Financial Services Inc. lifted its stake in Albemarle Co. (NYSE:ALB) by 7.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,539 shares of the specialty chemicals company’s stock after buying an additional 1,225 shares during the period. Ladenburg Thalmann Financial Services Inc.’s holdings in Albemarle were worth $2,389,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Janney Montgomery Scott LLC lifted its stake in Albemarle by 15.2% during the second quarter. Janney Montgomery Scott LLC now owns 4,084 shares of the specialty chemicals company’s stock worth $431,000 after purchasing an additional 538 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Albemarle by 0.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 496,880 shares of the specialty chemicals company’s stock worth $52,441,000 after purchasing an additional 1,504 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its stake in Albemarle by 27.1% during the second quarter. DekaBank Deutsche Girozentrale now owns 9,512 shares of the specialty chemicals company’s stock worth $1,056,000 after purchasing an additional 2,029 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in Albemarle by 54.5% during the second quarter. Advisors Asset Management Inc. now owns 7,766 shares of the specialty chemicals company’s stock worth $820,000 after purchasing an additional 2,739 shares during the last quarter. Finally, State of Wisconsin Investment Board lifted its stake in Albemarle by 38.9% during the second quarter. State of Wisconsin Investment Board now owns 89,509 shares of the specialty chemicals company’s stock worth $9,447,000 after purchasing an additional 25,080 shares during the last quarter. Institutional investors and hedge funds own 88.10% of the company’s stock.

Several equities research analysts have weighed in on ALB shares. KeyCorp restated a “buy” rating and set a $125.00 target price on shares of Albemarle in a research note on Sunday, September 3rd. Robert W. Baird restated a “hold” rating and set a $135.00 target price on shares of Albemarle in a research note on Wednesday, November 1st. Instinet upped their target price on Albemarle from $134.00 to $146.00 and gave the stock a “buy” rating in a research note on Monday, September 18th. Jefferies Group upped their target price on Albemarle from $156.00 to $162.00 and gave the stock a “buy” rating in a research note on Tuesday, November 14th. Finally, Nomura upped their target price on Albemarle from $146.00 to $154.00 and gave the stock a “buy” rating in a research note on Tuesday, October 10th. Ten equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Albemarle currently has a consensus rating of “Buy” and an average price target of $128.45.

Shares of Albemarle Co. (ALB) opened at $129.57 on Friday. The firm has a market capitalization of $14,097.03, a price-to-earnings ratio of 31.58, a P/E/G ratio of 1.93 and a beta of 1.69. Albemarle Co. has a 1-year low of $85.60 and a 1-year high of $144.99. The company has a quick ratio of 1.56, a current ratio of 2.11 and a debt-to-equity ratio of 0.35.

Albemarle (NYSE:ALB) last posted its quarterly earnings data on Wednesday, November 8th. The specialty chemicals company reported $1.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.07 by $0.01. The business had revenue of $755.00 million during the quarter, compared to the consensus estimate of $732.19 million. Albemarle had a return on equity of 11.61% and a net margin of 30.07%. Albemarle’s quarterly revenue was up 15.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.91 earnings per share. equities analysts anticipate that Albemarle Co. will post 4.46 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 15th will be issued a $0.32 dividend. The ex-dividend date is Thursday, December 14th. This represents a $1.28 dividend on an annualized basis and a yield of 0.99%. Albemarle’s payout ratio is 16.56%.

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Albemarle 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.

Institutional Ownership by Quarter for Albemarle (NYSE:ALB)

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