WS Management Lllp raised its holdings in shares of Albemarle Co. (NYSE:ALB) by 39.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 321,000 shares of the specialty chemicals company’s stock after acquiring an additional 90,000 shares during the period. Albemarle comprises approximately 1.1% of WS Management Lllp’s portfolio, making the stock its 18th biggest holding. WS Management Lllp owned about 0.29% of Albemarle worth $43,756,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of ALB. Bank of New York Mellon Corp grew its position in Albemarle by 258.1% during the third quarter. Bank of New York Mellon Corp now owns 4,561,987 shares of the specialty chemicals company’s stock valued at $621,845,000 after acquiring an additional 3,287,989 shares during the last quarter. Jennison Associates LLC grew its holdings in shares of Albemarle by 21.4% in the third quarter. Jennison Associates LLC now owns 7,797,076 shares of the specialty chemicals company’s stock worth $1,062,819,000 after purchasing an additional 1,375,546 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of Albemarle by 907.7% in the second quarter. Janus Henderson Group PLC now owns 817,035 shares of the specialty chemicals company’s stock worth $86,230,000 after purchasing an additional 735,956 shares during the last quarter. Artisan Partners Limited Partnership grew its holdings in shares of Albemarle by 6,185.5% in the second quarter. Artisan Partners Limited Partnership now owns 731,690 shares of the specialty chemicals company’s stock worth $77,223,000 after purchasing an additional 720,049 shares during the last quarter. Finally, TIAA CREF Investment Management LLC grew its holdings in shares of Albemarle by 69.2% in the second quarter. TIAA CREF Investment Management LLC now owns 1,661,821 shares of the specialty chemicals company’s stock worth $175,389,000 after purchasing an additional 679,453 shares during the last quarter. Institutional investors and hedge funds own 87.85% of the company’s stock.

Albemarle Co. (NYSE:ALB) traded down $2.17 during trading hours on Friday, reaching $132.15. 1,240,091 shares of the company traded hands, compared to its average volume of 1,234,781. The company has a market capitalization of $14,602.05, a PE ratio of 32.71, a P/E/G ratio of 2.00 and a beta of 1.70. Albemarle Co. has a twelve month low of $84.37 and a twelve month high of $144.99. The company has a current ratio of 2.11, a quick ratio of 1.56 and a debt-to-equity ratio of 0.35.

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

The business also recently declared 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. This represents a $1.28 annualized dividend and a yield of 0.97%. The ex-dividend date is Thursday, December 14th. Albemarle’s dividend payout ratio (DPR) is currently 16.56%.

Several brokerages have recently issued reports on ALB. CIBC began coverage on shares of Albemarle in a report on Thursday, August 17th. They issued an “outperform” rating and a $133.00 target price on the stock. Jefferies Group restated a “buy” rating on shares of Albemarle in a report on Tuesday, October 24th. ValuEngine cut shares of Albemarle from a “buy” rating to a “hold” rating in a report on Friday. SunTrust Banks cut shares of Albemarle from a “buy” rating to a “hold” rating and set a $121.00 target price on the stock. in a report on Wednesday, August 9th. Finally, Royal Bank Of Canada raised their target price on shares of Albemarle from $149.00 to $155.00 and gave the stock an “outperform” rating in a report on Friday, November 10th. Ten equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Albemarle currently has an average rating of “Buy” and a consensus target price of $128.45.

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Albemarle Company 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.

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Institutional Ownership by Quarter for Albemarle (NYSE:ALB)

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