Wells Fargo & Company MN raised its position in KMG Chemicals, Inc. (NYSE:KMG) by 6.1% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 10,738 shares of the specialty chemicals company’s stock after buying an additional 615 shares during the period. Wells Fargo & Company MN owned 0.09% of KMG Chemicals worth $494,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Russell Investments Group Ltd. boosted its position in KMG Chemicals by 28.8% in the first quarter. Russell Investments Group Ltd. now owns 3,481 shares of the specialty chemicals company’s stock worth $160,000 after buying an additional 778 shares during the last quarter. Acadian Asset Management LLC raised its stake in shares of KMG Chemicals by 24.3% in the first quarter. Acadian Asset Management LLC now owns 192,779 shares of the specialty chemicals company’s stock worth $8,881,000 after buying an additional 37,679 shares during the last quarter. Youngs Advisory Group Inc. raised its stake in shares of KMG Chemicals by 1.8% in the first quarter. Youngs Advisory Group Inc. now owns 29,397 shares of the specialty chemicals company’s stock worth $1,354,000 after buying an additional 508 shares during the last quarter. WCM Investment Management CA raised its stake in shares of KMG Chemicals by 1.2% in the first quarter. WCM Investment Management CA now owns 56,840 shares of the specialty chemicals company’s stock worth $2,619,000 after buying an additional 670 shares during the last quarter. Finally, Teachers Advisors LLC raised its stake in shares of KMG Chemicals by 45.6% in the fourth quarter. Teachers Advisors LLC now owns 20,185 shares of the specialty chemicals company’s stock worth $785,000 after buying an additional 6,322 shares during the last quarter. Institutional investors own 71.23% of the company’s stock.

Shares of KMG Chemicals, Inc. (NYSE:KMG) traded up 0.08% on Monday, reaching $49.86. 43,940 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $49.82 and a 200-day moving average price of $46.44. The company has a market cap of $592.79 million, a PE ratio of 27.35 and a beta of 0.58. KMG Chemicals, Inc. has a 12-month low of $25.87 and a 12-month high of $61.10.

KMG Chemicals (NYSE:KMG) last announced its quarterly earnings results on Friday, June 9th. The specialty chemicals company reported $0.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.06. The firm had revenue of $81.60 million during the quarter, compared to the consensus estimate of $79.78 million. KMG Chemicals had a return on equity of 15.66% and a net margin of 7.05%. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.41 earnings per share. Equities research analysts anticipate that KMG Chemicals, Inc. will post $2.09 EPS for the current fiscal year.

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Several equities research analysts recently commented on the stock. BidaskClub raised shares of KMG Chemicals from a “hold” rating to a “buy” rating in a research note on Tuesday, July 11th. Gabelli raised shares of KMG Chemicals from a “hold” rating to a “buy” rating in a research note on Monday, May 1st.

In other news, major shareholder David L. Hatcher sold 3,000 shares of the stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $49.24, for a total value of $147,720.00. Following the completion of the sale, the insider now directly owns 1,664,097 shares of the company’s stock, valued at $81,940,136.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder David L. Hatcher sold 9,000 shares of the stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $54.35, for a total value of $489,150.00. Following the completion of the sale, the insider now directly owns 1,802,097 shares of the company’s stock, valued at $97,943,971.95. The disclosure for this sale can be found here. Insiders sold 177,000 shares of company stock valued at $8,997,540 over the last ninety days. 6.90% of the stock is currently owned by corporate insiders.

KMG Chemicals Company Profile

KMG Chemicals, Inc manufactures, formulates and globally distributes specialty chemicals. The Company operates businesses selling electronic chemicals, industrial wood treating chemicals, and industrial valve lubricants and sealants. The Company operates through two segments: Electronic chemicals and Other chemicals.

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

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