AQR Capital Management LLC Acquires 5,051 Shares of Minerals Technologies Inc. (NYSE:MTX)

AQR Capital Management LLC increased its position in Minerals Technologies Inc. (NYSE:MTX - Free Report) by 5.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 99,468 shares of the basic materials company's stock after buying an additional 5,051 shares during the quarter. AQR Capital Management LLC owned about 0.31% of Minerals Technologies worth $7,580,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of MTX. FMR LLC grew its holdings in shares of Minerals Technologies by 42.7% in the 4th quarter. FMR LLC now owns 1,761,925 shares of the basic materials company's stock worth $134,276,000 after acquiring an additional 527,206 shares during the last quarter. Norges Bank purchased a new position in Minerals Technologies in the 4th quarter worth about $16,360,000. American Century Companies Inc. increased its stake in Minerals Technologies by 31.1% in the 4th quarter. American Century Companies Inc. now owns 861,173 shares of the basic materials company's stock worth $65,630,000 after purchasing an additional 204,371 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Minerals Technologies during the fourth quarter valued at about $10,797,000. Finally, Foundry Partners LLC purchased a new stake in Minerals Technologies during the fourth quarter valued at about $7,735,000. Institutional investors own 97.29% of the company's stock.

Insider Activity

In related news, Director Kristina M. Johnson acquired 1,000 shares of the business's stock in a transaction that occurred on Friday, May 2nd. The shares were acquired at an average cost of $53.79 per share, with a total value of $53,790.00. Following the purchase, the director now owns 1,400 shares of the company's stock, valued at approximately $75,306. The trade was a 250.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.30% of the stock is owned by insiders.

Minerals Technologies Stock Up 1.4 %

Minerals Technologies stock traded up $0.77 during mid-day trading on Friday, hitting $55.97. The company's stock had a trading volume of 350,924 shares, compared to its average volume of 182,446. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.84 and a quick ratio of 1.98. Minerals Technologies Inc. has a 52-week low of $49.54 and a 52-week high of $90.30. The firm's 50 day moving average is $59.78 and its 200 day moving average is $70.82. The company has a market cap of $1.78 billion, a PE ratio of 10.81 and a beta of 1.22.

Minerals Technologies (NYSE:MTX - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The basic materials company reported $1.14 EPS for the quarter, missing the consensus estimate of $1.16 by ($0.02). The firm had revenue of $491.80 million during the quarter, compared to the consensus estimate of $502.03 million. Minerals Technologies had a net margin of 7.89% and a return on equity of 11.49%. The company's quarterly revenue was down 8.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.49 EPS. On average, analysts anticipate that Minerals Technologies Inc. will post 6.62 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on MTX shares. StockNews.com downgraded shares of Minerals Technologies from a "buy" rating to a "hold" rating in a research report on Wednesday, April 9th. Truist Financial lowered their price objective on shares of Minerals Technologies from $92.00 to $80.00 and set a "buy" rating on the stock in a research report on Monday, April 28th.

About Minerals Technologies

Minerals Technologies Inc develops, produces, and markets various mineral, mineral-based, and related systems and services. The company operates through two segments, Consumer & Specialties, and Engineered Solutions segments. The Consumer & Specialties segment offers household and personal care products, such as pet litter, personal care, fabric care, edible oil and other fluid purification, animal health, and agricultural products; and specialty additives products, including precipitated calcium carbonate and ground calcium carbonate products that are used in the paper, paperboard, and fiber based packaging industries, as well as automotive, construction, and table and food applications.