Baird Financial Group Inc. Sells 11,955 Shares of LyondellBasell Industries N.V. $LYB

Key Points

• Baird Financial Group Inc. has reduced its stake in LyondellBasell Industries N.V. by 40.7%, selling 11,955 shares and now holding 17,401 shares valued at approximately $1.225 million.
• CEO Peter Z. E. Vanacker sold 20,000 shares at an average price of $53.57, resulting in a significant decrease in his equity stake by 11.09%.
• Following its latest earnings report, LyondellBasell Industries missed EPS expectations and reported a net margin of 0.74% with revenues down 11.8% compared to the same quarter last year.

Baird Financial Group Inc. cut its stake in LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 40.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,401 shares of the specialty chemicals company's stock after selling 11,955 shares during the period. Baird Financial Group Inc.'s holdings in LyondellBasell Industries were worth $1,225,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of LYB. M&T Bank Corp grew its stake in shares of LyondellBasell Industries by 1.1% during the first quarter. M&T Bank Corp now owns 19,950 shares of the specialty chemicals company's stock worth $1,405,000 after purchasing an additional 209 shares during the period. KLP Kapitalforvaltning AS boosted its holdings in LyondellBasell Industries by 166.2% during the first quarter. KLP Kapitalforvaltning AS now owns 237,831 shares of the specialty chemicals company's stock worth $16,743,000 after buying an additional 148,500 shares during the last quarter. Private Advisor Group LLC grew its position in shares of LyondellBasell Industries by 44.3% during the 1st quarter. Private Advisor Group LLC now owns 14,474 shares of the specialty chemicals company's stock worth $1,019,000 after buying an additional 4,442 shares during the period. GAMMA Investing LLC increased its stake in shares of LyondellBasell Industries by 56.7% in the 1st quarter. GAMMA Investing LLC now owns 3,015 shares of the specialty chemicals company's stock valued at $212,000 after acquiring an additional 1,091 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its position in shares of LyondellBasell Industries by 28.3% in the 1st quarter. Farther Finance Advisors LLC now owns 9,168 shares of the specialty chemicals company's stock valued at $642,000 after acquiring an additional 2,021 shares during the period. 71.20% of the stock is owned by institutional investors.

Insider Buying and Selling at LyondellBasell Industries

In other LyondellBasell Industries news, CEO Peter Z. E. Vanacker sold 20,000 shares of the business's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $53.57, for a total value of $1,071,400.00. Following the completion of the sale, the chief executive officer owned 160,351 shares of the company's stock, valued at $8,590,003.07. The trade was a 11.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.14% of the company's stock.

LyondellBasell Industries Stock Down 0.9%

Shares of LYB stock opened at $54.59 on Tuesday. The firm's fifty day moving average price is $57.93 and its two-hundred day moving average price is $60.96. The company has a current ratio of 1.77, a quick ratio of 1.04 and a debt-to-equity ratio of 0.94. LyondellBasell Industries N.V. has a 1 year low of $47.55 and a 1 year high of $97.60. The firm has a market capitalization of $17.56 billion, a P/E ratio of 70.90 and a beta of 0.85.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last released its quarterly earnings data on Friday, August 1st. The specialty chemicals company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.25). The company had revenue of $7.66 billion during the quarter, compared to analyst estimates of $7.58 billion. LyondellBasell Industries had a net margin of 0.74% and a return on equity of 9.35%. The company's quarterly revenue was down 11.8% compared to the same quarter last year. During the same period in the previous year, the company posted $2.24 EPS. On average, equities analysts predict that LyondellBasell Industries N.V. will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 25th were given a dividend of $1.37 per share. The ex-dividend date was Monday, August 25th. This represents a $5.48 annualized dividend and a yield of 10.0%. LyondellBasell Industries's dividend payout ratio (DPR) is presently 711.69%.

Analyst Ratings Changes

LYB has been the subject of several research analyst reports. Wells Fargo & Company decreased their price target on shares of LyondellBasell Industries from $75.00 to $65.00 and set an "overweight" rating for the company in a report on Monday, August 4th. BMO Capital Markets decreased their target price on LyondellBasell Industries from $60.00 to $58.00 and set a "market perform" rating for the company in a research note on Wednesday, August 6th. Argus lowered LyondellBasell Industries from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Bank Of America (Bofa) cut their price objective on LyondellBasell Industries from $56.00 to $55.00 in a report on Monday, June 30th. Finally, UBS Group lowered their target price on LyondellBasell Industries from $49.00 to $44.00 and set a "sell" rating for the company in a research note on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $63.08.

LyondellBasell Industries Company Profile

LyondellBasell Industries N.V. operates as a chemical company in the United States, Germany, Mexico, Italy, Poland, France, Japan, China, the Netherlands, and internationally. The company operates in six segments: Olefins and PolyolefinsAmericas; Olefins and PolyolefinsEurope, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology.

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