Sei Investments Co. increased its stake in shares of Ferro Corporation (NYSE:FOE) by 1,220.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 50,711 shares of the specialty chemicals company’s stock after purchasing an additional 46,870 shares during the period. Sei Investments Co. owned approximately 0.06% of Ferro worth $1,131,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Renaissance Technologies LLC lifted its holdings in Ferro by 114.3% during the first quarter. Renaissance Technologies LLC now owns 53,800 shares of the specialty chemicals company’s stock worth $817,000 after acquiring an additional 28,700 shares in the last quarter. Russell Investments Group Ltd. bought a new position in Ferro during the second quarter worth about $389,000. Beach Investment Management LLC. bought a new position in Ferro during the second quarter worth about $344,000. Schwab Charles Investment Management Inc. lifted its holdings in Ferro by 4.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 502,605 shares of the specialty chemicals company’s stock worth $9,193,000 after acquiring an additional 23,080 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in Ferro by 25.8% during the second quarter. First Trust Advisors LP now owns 90,308 shares of the specialty chemicals company’s stock worth $1,652,000 after acquiring an additional 18,504 shares in the last quarter. 97.85% of the stock is owned by institutional investors and hedge funds.

In related news, CEO Peter T. Thomas sold 22,182 shares of the company’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $22.83, for a total transaction of $506,415.06. Following the sale, the chief executive officer now owns 374,158 shares in the company, valued at $8,542,027.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Marran H. Ogilvie bought 2,000 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The shares were bought at an average price of $23.60 per share, for a total transaction of $47,200.00. The disclosure for this purchase can be found here. Insiders own 2.02% of the company’s stock.

Several research analysts have weighed in on FOE shares. Zacks Investment Research lowered Ferro from a “buy” rating to a “hold” rating in a report on Thursday, August 17th. Longbow Research reiterated a “buy” rating and set a $24.00 target price (up from $22.00) on shares of Ferro in a report on Wednesday, August 23rd. Finally, KeyCorp reiterated a “buy” rating and set a $23.00 target price on shares of Ferro in a report on Friday, September 1st. Seven analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and a consensus target price of $23.60.

Shares of Ferro Corporation (NYSE:FOE) opened at $23.67 on Friday. The company has a market capitalization of $1,987.42, a PE ratio of 18.52 and a beta of 1.90. Ferro Corporation has a twelve month low of $13.55 and a twelve month high of $25.50. The company has a quick ratio of 1.53, a current ratio of 2.48 and a debt-to-equity ratio of 1.94.

Ferro (NYSE:FOE) last issued its quarterly earnings results on Wednesday, November 1st. The specialty chemicals company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.02. The company had revenue of $350.01 million for the quarter, compared to analyst estimates of $332.28 million. Ferro had a return on equity of 35.77% and a net margin of 3.44%. The company’s quarterly revenue was up 21.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.27 earnings per share. sell-side analysts anticipate that Ferro Corporation will post 1.29 EPS for the current year.

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Ferro Profile

Ferro Corporation (Ferro) produces specialty materials that are sold to a range of manufacturers. The Company’s segments include Performance Coatings; Performance Colors and Glass, and Pigments, Powders and Oxides. Its Performance Coatings segment includes Tile Coating Systems and Porcelain Enamel. Its manufacturers make products for various end-use markets.

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Institutional Ownership by Quarter for Ferro (NYSE:FOE)

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