Algert Global LLC lifted its holdings in KMG Chemicals, Inc. (NYSE:KMG) by 28.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,546 shares of the specialty chemicals company’s stock after purchasing an additional 3,020 shares during the quarter. Algert Global LLC’s holdings in KMG Chemicals were worth $895,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Legal & General Group Plc lifted its position in KMG Chemicals by 23.2% during the 2nd quarter. Legal & General Group Plc now owns 2,198 shares of the specialty chemicals company’s stock worth $106,000 after acquiring an additional 414 shares during the period. Victory Capital Management Inc. acquired a new stake in KMG Chemicals during the 3rd quarter worth about $155,000. Hodges Capital Management Inc. acquired a new stake in KMG Chemicals during the 3rd quarter worth about $221,000. Cubist Systematic Strategies LLC acquired a new stake in KMG Chemicals during the 2nd quarter worth about $242,000. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in KMG Chemicals during the 3rd quarter worth about $244,000. 53.88% of the stock is owned by institutional investors.

KMG Chemicals, Inc. (NYSE KMG) opened at $59.00 on Monday. The firm has a market capitalization of $906.97, a PE ratio of 30.89 and a beta of 0.35. KMG Chemicals, Inc. has a 52 week low of $36.29 and a 52 week high of $68.13. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.92 and a current ratio of 2.87.

KMG Chemicals (NYSE:KMG) last released its quarterly earnings data on Monday, December 11th. The specialty chemicals company reported $0.83 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.20. The business had revenue of $110.70 million during the quarter, compared to analyst estimates of $106.60 million. KMG Chemicals had a return on equity of 15.41% and a net margin of 6.46%. The company’s revenue was up 44.7% compared to the same quarter last year. equities research analysts expect that KMG Chemicals, Inc. will post 3.17 earnings per share for the current fiscal year.

In other KMG Chemicals news, major shareholder David L. Hatcher sold 45,000 shares of KMG Chemicals stock in a transaction dated Thursday, December 28th. The stock was sold at an average price of $66.12, for a total transaction of $2,975,400.00. Following the completion of the transaction, the insider now owns 1,358,097 shares in the company, valued at approximately $89,797,373.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder David L. Hatcher sold 6,000 shares of KMG Chemicals stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $52.13, for a total value of $312,780.00. Following the completion of the transaction, the insider now owns 1,454,097 shares of the company’s stock, valued at approximately $75,802,076.61. The disclosure for this sale can be found here. Insiders have sold a total of 561,000 shares of company stock valued at $35,195,250 in the last quarter. Company insiders own 6.10% of the company’s stock.

A number of analysts have commented on the company. Goldman Sachs Group assumed coverage on KMG Chemicals in a research report on Monday, January 22nd. They set a “neutral” rating and a $73.00 price target for the company. KeyCorp reiterated a “buy” rating and set a $70.00 price objective (up previously from $63.00) on shares of KMG Chemicals in a research note on Wednesday, December 13th. Zacks Investment Research upgraded KMG Chemicals from a “sell” rating to a “hold” rating and set a $70.00 price objective for the company in a research note on Thursday, December 14th. Finally, ValuEngine lowered KMG Chemicals from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. KMG Chemicals currently has an average rating of “Hold” and a consensus target price of $71.00.

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KMG Chemicals 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.

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

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