Zacks Investment Research Lowers Albemarle (NYSE:ALB) to Hold

Lloyd Doyle
January 13, 2018

Bienville Capital Management LLC now owns 6,750 shares of the specialty chemicals company's stock valued at $715,000 after acquiring an additional 45 shares during the period. Agf Investments America Inc who had been investing in Albemarle Corp. for a number of months, seems to be bullish on the $14.82B market cap company. The company's stock had a trading volume of 1,198,100 shares, compared to its average volume of 1,155,283. About 18,353 shares traded. Albemarle had a net margin of 30.07% and a return on equity of 11.61%. It has outperformed by 26.06% the S&P500. (MO) by 49.13% based on its latest 2017Q3 regulatory filing with the SEC.

A number of other hedge funds also recently bought and sold shares of the business. The company has market cap of $76.08 million. The stock decreased 0.18% or $0.25 during the last trading session, reaching $137.2. About 528,305 shares traded. HFF, Inc. (HF) has risen 10.16% since January 11, 2017 and is uptrending. It has underperformed by 1.24% the S&P500. $624,811 worth of Albemarle Corporation (NYSE:ALB) shares were sold by Juneau Matthew. Northwestern Mutual Wealth Mgmt Communications owns 1,021 shares for 0% of their portfolio.

Since August 7, 2017, it had 0 buys, and 4 sales for $208,525 activity. The insider Courduroux Pierre sold $527,040. DEVITRE DINYAR S had sold 32,000 shares worth $1.96M. The firm has "Sell" rating given on Monday, March 14 by Evercore. Tower Ltd Llc (Trc) has invested 0.01% in Immersion Corporation (NASDAQ:IMMR). The firm attains analyst recommendation of 2.50 out of 1-5 scale with week's performance of 0.89%. It worsened, as 48 investors sold Monday shares while 342 reduced holdings. New England Private Wealth Advsr reported 4,514 shares. Kopernik Global Investors Llc owns 4.44 million shares or 3.39% of their United States portfolio. Fmr Lc, Massachusetts-based fund reported 1.11 million shares. Capital Glob stated it has 0.03% of its portfolio in Albemarle Corporation (NYSE:ALB). Nomura Asset Management Limited accumulated 15,282 shares or 0.03% of the stock. Carlson Cap reported 6,245 shares. Kames Cap Public Ltd Company has 654,713 shares for 2.44% of their portfolio. Finemark Bank And Trust invested in 0.02% or 2,272 shares. Homrich & Berg stated it has 11,116 shares or 0.11% of all its holdings. The stock of Albemarle Corporation (NYSE:ALB) earned "Buy" rating by RBC Capital Markets on Thursday, November 9. Therefore 100% are positive.

Analysts await HFF, Inc. The company was maintained on Wednesday, September 16 by Deutsche Bank. (NYSE:ALV) on Thursday, September 14 with "Hold" rating. The firm has "Neutral" rating given on Friday, October 6 by Goldman Sachs. Institutional investors own 84.10% of the company's stock. On Wednesday, January 10 the stock rating was maintained by Stifel Nicolaus with "Buy". The rating was maintained by Piper Jaffray on Thursday, October 26 with "Hold". The firm has "Neutral" rating by JP Morgan given on Tuesday, February 23. The rating was maintained by Deutsche Bank with "Buy" on Friday, August 5. Albemarle presently has an average rating of Buy and a consensus target price of $128.38. Therefore 57% are positive. Altria Group Inc. had 55 analyst reports since July 31, 2015 according to SRatingsIntel. Zacks Investment Research raised Albemarle from a "hold" rating to a "buy" rating and set a $157.00 target price on the stock in a report on Tuesday, October 17th. The rating was upgraded by Robert W. Baird on Tuesday, January 17 to "Outperform". The rating was maintained by Jefferies on Monday, July 17 with "Buy". The rating was maintained by Piper Jaffray with "Hold" on Monday, September 11. Capital Associate Ny invested 0.97% of its portfolio in Albemarle Corporation (NYSE:ALB).

Investors sentiment decreased to 1.13 in 2017 Q3. This represents a $1.22 dividend on an annualized basis and a yield of 1.30%. It fall, as 91 investors sold MO shares while 516 reduced holdings. 77 funds opened positions while 161 raised stakes. Wellington Mngmt Gp Llp has invested 0.17% of its portfolio in Altria Group, Inc. Menta Capital Llc, a California-based fund reported 215,006 shares. Argent Trust Company holds 0.08% or 1,578 shares in its portfolio. Creative Planning holds 0% of its portfolio in Albemarle Corporation (NYSE:ALB) for 3,841 shares. Lifeplan Fincl Grp reported 5,731 shares or 0.23% of all its holdings. 131 are owned by Commonwealth Natl Bank Of Australia. Guild Investment has invested 5.08% in Albemarle Corporation (NYSE:ALB). Bbr Ltd Liability Company reported 16,318 shares. Northern Capital Management Ltd Liability holds 0.08% or 1,525 shares. Strs Ohio reported 22,900 shares.

Since August 23, 2017, it had 0 insider buys, and 2 selling transactions for $1.96 million activity.

Pictet Bank & Trust Ltd, which manages about $334.56 million US Long portfolio, upped its stake in Visa Inc (NYSE:V) by 33,020 shares to 52,190 shares, valued at $5.49M in 2017Q3, according to the filing. Inc. lifted its holdings in Albemarle by 650.0% in the 3rd quarter.

Nuveen Asset Limited Company reported 0% of its portfolio in Albemarle Corporation (NYSE:ALB). They expect $-0.02 EPS, down 105.13% or $0.41 from last year's $0.39 per share. ALB's profit will be $133.70M for 27.54 P/E if the $1.21 EPS becomes a reality. The specialty chemicals company reported $1.08 EPS for the quarter, topping analysts' consensus estimates of $1.07 by $0.01.

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