Dimensional Fund Advisors LP Has $47,155,000 Position in Ferro Co. (FOE)
Dimensional Fund Advisors LP boosted its position in shares of Ferro Co. (NYSE:FOE) by 0.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,290,592 shares of the company’s stock after buying an additional 8,073 shares during the period. Dimensional Fund Advisors LP owned approximately 3.95% of Ferro worth $47,155,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the stock. Pitcairn Co. bought a new position in shares of Ferro during the fourth quarter valued at approximately $211,000. Quantitative Investment Management LLC bought a new position in shares of Ferro during the third quarter valued at approximately $211,000. Zacks Investment Management bought a new position in shares of Ferro during the third quarter valued at approximately $230,000. PNC Financial Services Group Inc. boosted its position in shares of Ferro by 416.5% in the third quarter. PNC Financial Services Group Inc. now owns 19,285 shares of the company’s stock valued at $267,000 after buying an additional 15,551 shares during the last quarter. Finally, Bailard Inc. bought a new position in shares of Ferro during the third quarter valued at approximately $276,000. 97.44% of the stock is owned by institutional investors.
Ferro Co. (NYSE:FOE) opened at 14.26 on Tuesday. The stock’s 50 day moving average is $14.13 and its 200 day moving average is $14.04. The company’s market cap is $1.19 billion. Ferro Co. has a 12 month low of $11.42 and a 12 month high of $16.17.
Ferro (NYSE:FOE) last posted its quarterly earnings data on Wednesday, March 1st. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.21 by $0.06. Ferro had a return on equity of 27.35% and a net margin of 4.49%. The firm had revenue of $281.30 million for the quarter, compared to the consensus estimate of $279.25 million. During the same quarter last year, the company earned $0.19 earnings per share. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. Equities analysts predict that Ferro Co. will post $1.17 earnings per share for the current year.
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Several equities analysts have recently commented on the stock. KeyCorp reaffirmed an “outperform” rating and set a $18.00 price target (up previously from $17.00) on shares of Ferro in a research report on Monday, March 6th. Zacks Investment Research raised shares of Ferro from a “sell” rating to a “hold” rating in a research report on Thursday, March 2nd.
Ferro Company Profile
Ferro Corporation (Ferro) produces performance materials for a range of manufacturers in diversified industries throughout the world. The Company uses inorganic and organic chemical processes, polymer science and materials science to develop and produce these performance materials. The Company’s segments include Performance Coatings; Performance Colors and Glass, and Pigments, Powders and Oxides.
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