Highlander Capital Management LLC cut its position in Ferro Corporation (NYSE:FOE) by 21.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,900 shares of the specialty chemicals company’s stock after selling 12,300 shares during the period. Highlander Capital Management LLC owned 0.05% of Ferro worth $979,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Renaissance Technologies LLC lifted its position in Ferro by 114.3% in the 1st quarter. Renaissance Technologies LLC now owns 53,800 shares of the specialty chemicals company’s stock valued at $817,000 after acquiring an additional 28,700 shares in the last quarter. Russell Investments Group Ltd. bought a new position in Ferro in the 2nd quarter valued at about $389,000. Beach Investment Management LLC. bought a new position in Ferro in the 2nd quarter valued at about $344,000. Schwab Charles Investment Management Inc. lifted its position in Ferro by 4.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 502,605 shares of the specialty chemicals company’s stock valued at $9,193,000 after acquiring an additional 23,080 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in Ferro by 25.8% in the 2nd quarter. First Trust Advisors LP now owns 90,308 shares of the specialty chemicals company’s stock valued at $1,652,000 after acquiring an additional 18,504 shares in the last quarter. Institutional investors own 97.85% of the company’s stock.

Ferro Corporation (NYSE FOE) traded down $0.26 during trading on Tuesday, hitting $23.39. 373,000 shares of the company’s stock traded hands, compared to its average volume of 516,653. Ferro Corporation has a 1 year low of $13.55 and a 1 year high of $25.50. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.53 and a current ratio of 2.48. The company has a market cap of $1,960.00, a PE ratio of 18.48 and a beta of 1.90.

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

FOE has been the topic of several recent research reports. KeyCorp reaffirmed a “buy” rating and issued a $23.00 price target on shares of Ferro in a research report on Friday, September 1st. Zacks Investment Research cut shares of Ferro from a “buy” rating to a “hold” rating in a research report on Monday, September 11th. Seven equities research analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and a consensus target price of $23.60.

In related news, CEO Peter T. Thomas sold 22,182 shares of Ferro stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $22.83, for a total value of $506,415.06. Following the sale, the chief executive officer now owns 374,158 shares of the company’s stock, valued at approximately $8,542,027.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ronald P. Vargo sold 12,000 shares of Ferro stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $24.13, for a total transaction of $289,560.00. Following the completion of the sale, the director now directly owns 43,450 shares in the company, valued at approximately $1,048,448.50. The disclosure for this sale can be found here. Insiders own 2.02% of the company’s stock.

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Ferro Company 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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