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

AQR Capital Management LLC boosted its holdings in Minerals Technologies Inc. (NYSE:MTX - Free Report) by 5.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 99,468 shares of the basic materials company's stock after acquiring an additional 5,051 shares during the quarter. AQR Capital Management LLC owned about 0.31% of Minerals Technologies worth $7,580,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Barclays PLC raised its holdings in Minerals Technologies by 210.1% during the 3rd quarter. Barclays PLC now owns 111,526 shares of the basic materials company's stock worth $8,615,000 after buying an additional 75,565 shares during the period. Tidal Investments LLC raised its holdings in Minerals Technologies by 14.6% during the 3rd quarter. Tidal Investments LLC now owns 7,454 shares of the basic materials company's stock worth $576,000 after buying an additional 948 shares during the period. Franklin Resources Inc. raised its holdings in Minerals Technologies by 21.1% during the 3rd quarter. Franklin Resources Inc. now owns 47,847 shares of the basic materials company's stock worth $3,728,000 after buying an additional 8,335 shares during the period. Principal Financial Group Inc. raised its holdings in Minerals Technologies by 2.0% during the 3rd quarter. Principal Financial Group Inc. now owns 162,291 shares of the basic materials company's stock worth $12,534,000 after buying an additional 3,230 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in Minerals Technologies by 9.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 115,887 shares of the basic materials company's stock worth $8,950,000 after buying an additional 10,284 shares during the period. 97.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

MTX has been the subject of a number of recent analyst reports. StockNews.com lowered shares of Minerals Technologies from a "buy" rating to a "hold" rating in a research note on Wednesday, April 9th. Truist Financial decreased their price objective on shares of Minerals Technologies from $92.00 to $80.00 and set a "buy" rating for the company in a research note on Monday, April 28th.

Minerals Technologies Stock Up 0.1%

Shares of MTX traded up $0.03 during trading hours on Tuesday, reaching $58.35. The company's stock had a trading volume of 26,011 shares, compared to its average volume of 182,767. The firm has a market cap of $1.85 billion, a price-to-earnings ratio of 11.26 and a beta of 1.22. Minerals Technologies Inc. has a 1-year low of $49.54 and a 1-year high of $90.30. The company has a quick ratio of 1.98, a current ratio of 2.84 and a debt-to-equity ratio of 0.54. The company has a 50 day moving average of $59.59 and a two-hundred day moving average of $70.60.

Minerals Technologies (NYSE:MTX - Get Free Report) last issued its earnings results on Thursday, April 24th. The basic materials company reported $1.14 earnings per share for the quarter, missing analysts' consensus estimates of $1.16 by ($0.02). The business had revenue of $491.80 million during the quarter, compared to analyst estimates of $502.03 million. Minerals Technologies had a net margin of 7.89% and a return on equity of 11.49%. Minerals Technologies's revenue for the quarter was down 8.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.49 EPS. As a group, research analysts predict that Minerals Technologies Inc. will post 6.62 EPS for the current fiscal year.

Insider Activity

In other Minerals Technologies news, Director Kristina M. Johnson purchased 1,000 shares of the business's stock in a transaction dated Friday, May 2nd. The shares were acquired at an average price of $53.79 per share, for a total transaction of $53,790.00. Following the acquisition, the director now owns 1,400 shares of the company's stock, valued at $75,306. This trade represents a 250.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 3.30% of the stock is owned by insiders.

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.