BW Gestao de Investimentos Ltda. Acquires 46,203 Shares of Albemarle Corporation $ALB

Key Points

• BW Gestao de Investimentos Ltda. has increased its holdings in Albemarle Corporation by 65.5%, now owning 116,733 shares worth approximately $8.4 million.
• Albemarle's stock has experienced a 6.2% decline, with a market capitalization of $9.37 billion and a current stock price of $79.62.
• The company recently declared a quarterly dividend of $0.405 per share, reflecting an annualized dividend yield of 2.0%.

BW Gestao de Investimentos Ltda. boosted its holdings in Albemarle Corporation (NYSE:ALB - Free Report) by 65.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 116,733 shares of the specialty chemicals company's stock after acquiring an additional 46,203 shares during the period. BW Gestao de Investimentos Ltda. owned 0.10% of Albemarle worth $8,407,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Toronto Dominion Bank raised its stake in Albemarle by 0.4% in the 4th quarter. Toronto Dominion Bank now owns 39,657 shares of the specialty chemicals company's stock valued at $3,414,000 after acquiring an additional 158 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in Albemarle by 1.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 11,355 shares of the specialty chemicals company's stock valued at $977,000 after acquiring an additional 188 shares during the period. National Pension Service raised its stake in Albemarle by 74.5% in the 1st quarter. National Pension Service now owns 452 shares of the specialty chemicals company's stock valued at $33,000 after acquiring an additional 193 shares during the period. Teachers Retirement System of The State of Kentucky raised its stake in Albemarle by 2.6% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 9,028 shares of the specialty chemicals company's stock valued at $650,000 after acquiring an additional 228 shares during the period. Finally, OneDigital Investment Advisors LLC raised its stake in Albemarle by 6.7% in the 1st quarter. OneDigital Investment Advisors LLC now owns 3,782 shares of the specialty chemicals company's stock valued at $272,000 after acquiring an additional 239 shares during the period. Institutional investors own 92.87% of the company's stock.

Albemarle Stock Down 6.2%

ALB stock opened at $79.62 on Wednesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.31 and a quick ratio of 1.47. The stock has a market capitalization of $9.37 billion, a price-to-earnings ratio of -8.54 and a beta of 1.65. The business's fifty day moving average price is $74.68 and its two-hundred day moving average price is $68.16. Albemarle Corporation has a fifty-two week low of $49.43 and a fifty-two week high of $113.91.

Albemarle (NYSE:ALB - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The specialty chemicals company reported $0.11 EPS for the quarter, topping analysts' consensus estimates of ($0.83) by $0.94. Albemarle had a negative return on equity of 1.87% and a negative net margin of 18.61%.The company had revenue of $1.33 billion for the quarter, compared to analysts' expectations of $1.23 billion. During the same quarter last year, the business earned $0.04 earnings per share. Albemarle's revenue was down 7.0% on a year-over-year basis. Albemarle has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that Albemarle Corporation will post -0.04 earnings per share for the current year.

Albemarle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Friday, September 12th will be given a $0.405 dividend. The ex-dividend date is Friday, September 12th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 2.0%. Albemarle's dividend payout ratio (DPR) is presently -17.38%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on ALB shares. Piper Sandler set a $68.00 price target on Albemarle and gave the company an "underweight" rating in a research note on Wednesday, May 14th. Scotiabank increased their price target on Albemarle from $65.00 to $70.00 and gave the company a "sector perform" rating in a research note on Friday, August 1st. JPMorgan Chase & Co. increased their price target on Albemarle from $60.00 to $80.00 and gave the company a "neutral" rating in a research note on Monday, August 18th. KeyCorp reiterated a "sector weight" rating on shares of Albemarle in a research report on Wednesday, July 30th. Finally, Robert W. Baird increased their price objective on Albemarle from $58.00 to $68.00 and gave the stock an "underperform" rating in a research report on Friday, August 29th. Three investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, Albemarle has a consensus rating of "Reduce" and a consensus price target of $86.47.

About Albemarle

Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals worldwide. It operates through three segments: Energy Storage, Specialties and Ketjen. The Energy Storage segment offers lithium compounds, including lithium carbonate, lithium hydroxide, and lithium chloride; technical services for the handling and use of reactive lithium products; and lithium-containing by-products recycling services.

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