Today’s Market Runner: Albemarle Corp (NYSE:ALB) Quarterly Sentiment Report

November 29, 2016 - By Louis Casey   ·   0 Comments

Today's Market Runner: Albemarle Corp (NYSE:ALB) Quarterly Sentiment Report

Sentiment for Albemarle Corp (NYSE:ALB)

Albemarle Corp (NYSE:ALB) institutional sentiment decreased to 1.1 in 2016 Q2. Its down -0.26, from 1.36 in 2016Q1. The ratio fall, as 195 funds increased or opened new stock positions, while 143 sold and decreased stakes in Albemarle Corp. The funds in our partner’s database now possess: 96.46 million shares, down from 104.76 million shares in 2016Q1. Also, the number of funds holding Albemarle Corp in their top 10 stock positions increased from 6 to 9 for an increase of 3. Sold All: 31 Reduced: 112 Increased: 115 New Position: 80.

Albemarle Corporation is a developer, maker and marketer of specialty chemicals across a range of end markets, including the petroleum refining, consumer electronics, energy storage, construction, automotive, steel and aerospace, lubricants, pharmaceuticals, heating, ventilation, and aluminum finishing. The company has a market cap of $9.56 billion. The Firm operates through three divisions: Performance Chemicals, Refining Solutions and Chemetall Surface Treatment. It has a 16.69 P/E ratio. The Company’s Performance Chemicals segment consists of three product categories: Lithium, Performance Catalyst Solutions and Bromine.

About 294,120 shares traded hands. Albemarle Corporation (NYSE:ALB) has risen 23.91% since April 26, 2016 and is uptrending. It has outperformed by 18.65% the S&P500.

Analysts await Albemarle Corporation (NYSE:ALB) to report earnings on February, 15. They expect $0.73 earnings per share, down 43.41% or $0.56 from last year’s $1.29 per share. ALB’s profit will be $82.06M for 29.12 P/E if the $0.73 EPS becomes a reality. After $0.91 actual earnings per share reported by Albemarle Corporation for the previous quarter, Wall Street now forecasts -19.78% negative EPS growth.

According to Zacks Investment Research, “Albemarle Corporation is a major producer of fine and performance chemicals including polymer intermediates, cleaning product intermediates and additives, agricultural chemical intermediates, pharmaceutical intermediates, catalysts, brominated flame retardants, bromine chemicals and potassium and chlorine chemicals.”

Longbow Capital Partners L.P. holds 20.01% of its portfolio in Albemarle Corporation for 11,321 shares. Tide Point Capital Management Lp owns 857,598 shares or 5.15% of their US portfolio. Moreover, Horseman Capital Management Ltd has 4.79% invested in the company for 277,100 shares. The Netherlands-based Spf Beheer Bv has invested 4.2% in the stock. Gavekal Capital Llc, a Colorado-based fund reported 144,981 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 2 insider sales for $4.51 million net activity.

Albemarle Corporation (NYSE:ALB) Ratings Coverage

Ratings analysis reveals 73% of Albemarle Corporation’s analysts are positive. Out of 11 Wall Street analysts rating Albemarle Corporation, 8 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $52 while the high is $95. The stock’s average target of $75.78 is -10.89% below today’s ($85.04) share price. ALB was included in 23 notes of analysts from August 7, 2015. The company was maintained on Thursday, August 4 by UBS. The firm has “Buy” rating by Citigroup given on Tuesday, August 9. The firm has “Buy” rating given on Friday, August 5 by Deutsche Bank. The stock has “Buy” rating given by Deutsche Bank on Wednesday, September 16. The firm has “Neutral” rating given on Wednesday, November 11 by UBS. The rating was maintained by Jefferies on Tuesday, December 29 with “Buy”. As per Thursday, August 20, the company rating was maintained by Deutsche Bank. The rating was maintained by Deutsche Bank with “Buy” on Thursday, May 12. The firm has “Buy” rating by Citigroup given on Monday, November 2. The firm has “Buy” rating by SunTrust given on Friday, August 7.

ALB Company Profile

Albemarle Corporation, incorporated on November 24, 1993, is a developer, maker and marketer of specialty chemicals across a range of end markets, including the petroleum refining, consumer electronics, energy storage, construction, automotive, steel and aerospace, lubricants, pharmaceuticals, crop protection, household appliances, heating, ventilation, aluminum finishing, food safety and custom chemistry services. The Firm operates through three divisions: Performance Chemicals, Refining Solutions and Chemetall Surface Treatment.

More important recent Albemarle Corporation (NYSE:ALB) news were published by: Prnewswire.com which released: “Albemarle Corporation to present at Morgan Stanley Global Chemicals and …” on October 20, 2016, also Fool.com published article titled: “The World’s Largest Lithium Supplier, Albemarle Corporation, Delivers Solid Q3 …”, Prnewswire.com published: “Albemarle Corporation to host 2017 Investor Day in New York City” on November 04, 2016. More interesting news about Albemarle Corporation (NYSE:ALB) was released by: Prnewswire.com and their article: “Albemarle Corporation to release third quarter 2016 earnings results on …” with publication date: October 06, 2016.

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By Louis Casey

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