Strengthening Families & Communities LLC Cuts Position in Albemarle Co. (NYSE:ALB)

Strengthening Families & Communities LLC lessened its position in shares of Albemarle Co. (NYSE:ALB) by 21.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 608 shares of the specialty chemicals company’s stock after selling 166 shares during the quarter. Strengthening Families & Communities LLC’s holdings in Albemarle were worth $52,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in ALB. Quarry LP grew its holdings in Albemarle by 1,400.0% during the 3rd quarter. Quarry LP now owns 270 shares of the specialty chemicals company’s stock valued at $26,000 after buying an additional 252 shares in the last quarter. Trust Co. of Vermont grew its holdings in Albemarle by 606.5% during the 4th quarter. Trust Co. of Vermont now owns 325 shares of the specialty chemicals company’s stock valued at $28,000 after buying an additional 279 shares in the last quarter. Eastern Bank purchased a new position in Albemarle during the 3rd quarter valued at approximately $31,000. First Community Trust NA grew its holdings in Albemarle by 55.0% during the 4th quarter. First Community Trust NA now owns 400 shares of the specialty chemicals company’s stock valued at $34,000 after buying an additional 142 shares in the last quarter. Finally, Ameliora Wealth Management Ltd. purchased a new position in Albemarle during the 4th quarter valued at approximately $35,000. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on ALB shares. Evercore ISI cut Albemarle from an “outperform” rating to an “inline” rating in a report on Wednesday, February 5th. Mizuho dropped their target price on Albemarle from $110.00 to $105.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Robert W. Baird lifted their target price on Albemarle from $79.00 to $103.00 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. Truist Financial started coverage on Albemarle in a report on Tuesday, January 28th. They issued a “hold” rating and a $96.00 target price for the company. Finally, Royal Bank of Canada lifted their target price on Albemarle from $108.00 to $133.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $113.95.

Albemarle Trading Down 3.0 %

Shares of NYSE ALB opened at $75.07 on Tuesday. The company has a quick ratio of 1.58, a current ratio of 2.44 and a debt-to-equity ratio of 0.43. The business has a fifty day simple moving average of $91.19 and a two-hundred day simple moving average of $92.71. The firm has a market cap of $8.82 billion, a PE ratio of -4.48, a price-to-earnings-growth ratio of 3.43 and a beta of 1.59. Albemarle Co. has a twelve month low of $71.97 and a twelve month high of $143.19.

Insider Transactions at Albemarle

In other news, CEO J Kent Masters sold 2,525 shares of the business’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $101.12, for a total value of $255,328.00. Following the completion of the transaction, the chief executive officer now directly owns 73,747 shares of the company’s stock, valued at approximately $7,457,296.64. The trade was a 3.31 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.38% of the company’s stock.

Albemarle Company Profile

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.