(NYSE:ALB) Expected to Post Q1 2018 Earnings of $1.15 Per Share

Lloyd Doyle
December 8, 2017

State Board Of Administration Of Florida Retirement System accumulated 176,654 shares. Boston Properties Inc now has $21.88B valuation. Smithfield Trust Co. now owns 1,008 shares of the specialty chemicals company's stock worth $106,000 after purchasing an additional 140 shares during the last quarter. About 1.68M shares traded or 23.88% up from the average. It has underperformed by 7.95% the S&P500. Its down 17.46% from 7.28 million shares, reported previously. New Amsterdam Partners LLC NY now owns 5,382 shares of the specialty chemicals company's stock valued at $568,000 after purchasing an additional 41 shares in the last quarter. The Luminus Management Llc holds 95,569 shares with $10.09 million value, down from 115,316 last quarter. The stock decreased 0.05% or $0.08 during the last trading session, reaching $167.4. Its share price has decline -5.09% in three months and is down -1.18% for the last five trades. Deutsche Bank maintained Albemarle Corporation (NYSE:ALB) on Thursday, May 12 with "Buy" rating. It has outperformed by 28.90% the S&P500.

With present bullish sentiments Albemarle Corporation stock prices are seen more as an growth stock than true value causing stocks to be overbought, in addition PE ratio of 45.65, indicate investors sentiments are positive. The specialty chemicals company reported $1.08 earnings per share for the quarter, beating the Zacks' consensus estimate of $1.07 by $0.01. Of those insider trades, 0 shares of Albemarle Corporation were purchased and 2,500 shares were sold.

Other hedge funds have also recently added to or reduced their stakes in the company. 110,674 are held by Lord Abbett Com Ltd Llc.

According to Albemarle Corporation (ALB) most recent 13F filing, the company has 73 new institutional holders - accounting for 1.77 million shares of its common stock.

Albemarle (NYSE:ALB) last released its earnings results on Wednesday, May 3rd. 3,228 are owned by State Of Alaska Department Of Revenue. (NYSE:WSO). Kayne Anderson Rudnick Inv Mgmt Limited Liability accumulated 409,392 shares or 0.63% of the stock. The Manitoba - Canada-based Ig Invest Mgmt has invested 0.04% in Albemarle Corporation (NYSE:ALB). New Mexico Educational Retirement Board reported 0.06% of its portfolio in Albemarle Corporation (NYSE:ALB). Cibc holds 24,112 shares or 0.01% of its portfolio.


Amalgamated Bank increased Electronic Arts Inc (NASDAQ:EA) stake by 13,308 shares to 35,502 valued at $3.75M in 2017Q2. Plancorp Limited Liability Corp has 3,801 shares for 0.12% of their portfolio. Glg Prtn Ltd Partnership reported 0.02% of its portfolio in Albemarle Corporation (NYSE:ALB). Moreover, Northwestern Mutual Wealth Management has 0% invested in Albemarle Corporation (NYSE:ALB) for 968 shares. 13,610 are held by Hanseatic Management Svcs. Perkins Coie Trust Co holds 340 shares or 0.03% of its portfolio. Etrade Cap Management Limited Company, a New York-based fund reported 2,574 shares. $1.08M worth of Albemarle Corporation (NYSE:ALB) shares were sold by Maine Douglas L. Therefore 70% are positive.

According to Albemarle Corporation's latest 13F filing with the US Securities and Exchange Commission (SEC), institutional ownership is at 90.30%. The rating was maintained by Jefferies with "Buy" on Monday, October 23. The firm earned "Buy" rating on Friday, August 5 by Deutsche Bank. As per Monday, July 17, the company rating was maintained by Jefferies. RBC Capital Markets maintained Albemarle Corporation (NYSE:ALB) on Friday, March 17 with "Outperform" rating.

In a note sent to investors and clients on 6 October, Goldman Sachs revealed that they have made a decision to downgrade shares of Albemarle Corp (NYSE:ALB) to a "Hold". The firm earned "Hold" rating on Wednesday, November 1 by Robert W. Baird.

Among 20 analysts covering Albemarle Corporation (NYSE:ALB), 10 have Buy rating, 0 Sell and 10 Hold. The insider NARWOLD KAREN G sold $2.16 million. The insider Maine Douglas L sold $1.08 million. TIAA CREF Investment Management LLC raised its stake in Albemarle by 69.2% during the second quarter. American Homes 4 Rent Cl A (NYSE:AMH) was raised too. During the same period previous year, the business posted $0.91 EPS. With 1.21M shares average volume, it will take short sellers 5 days to cover their ALB's short positions. The firm's revenue was up 15.4% on a year-over-year basis. analysts predict that Albemarle Co. will post 4.46 earnings per share for the current year. (NYSE:BXP), 6 have Buy rating, 0 Sell and 15 Hold. Finally, ValuEngine downgraded Albemarle from a "buy" rating to a "hold" rating in a report on Friday, December 1st. Seaport Global downgraded the stock to "Neutral" rating in Thursday, March 10 report. The firm has "Buy" rating given on Monday, November 2 by Citigroup. The company was maintained on Thursday, June 30 by Stifel Nicolaus. The company was maintained on Tuesday, October 10 by Nomura.

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