Benjamin Schlater Sells 7,419 Shares of Ferro Co. (FOE) Stock
Ferro Co. (NYSE:FOE) CFO Benjamin Schlater sold 7,419 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $20.83, for a total value of $154,537.77. Following the completion of the sale, the chief financial officer now directly owns 33,107 shares of the company’s stock, valued at approximately $689,618.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Benjamin Schlater also recently made the following trade(s):
- On Thursday, February 28th, Benjamin Schlater sold 3,435 shares of Ferro stock. The stock was sold at an average price of $20.00, for a total value of $68,700.00.
FOE stock traded up $0.03 during trading on Wednesday, hitting $20.52. 2,977,435 shares of the company traded hands, compared to its average volume of 705,047. The company has a current ratio of 2.30, a quick ratio of 1.37 and a debt-to-equity ratio of 2.10. The stock has a market cap of $1.56 billion, a P/E ratio of 13.76, a P/E/G ratio of 1.06 and a beta of 1.80. Ferro Co. has a 1 year low of $14.59 and a 1 year high of $24.72.
Hedge funds have recently made changes to their positions in the stock. NumerixS Investment Technologies Inc purchased a new position in Ferro during the fourth quarter valued at approximately $49,000. Prudential Financial Inc. raised its position in Ferro by 8.1% during the fourth quarter. Prudential Financial Inc. now owns 10,480 shares of the specialty chemicals company’s stock valued at $164,000 after acquiring an additional 785 shares in the last quarter. Great West Life Assurance Co. Can increased its position in shares of Ferro by 37.2% in the fourth quarter. Great West Life Assurance Co. Can now owns 10,823 shares of the specialty chemicals company’s stock valued at $164,000 after buying an additional 2,932 shares in the last quarter. Amalgamated Bank purchased a new stake in shares of Ferro during the fourth quarter worth approximately $192,000. Finally, Paloma Partners Management Co purchased a new stake in shares of Ferro during the fourth quarter worth approximately $215,000. Institutional investors own 97.47% of the company’s stock.
A number of equities research analysts recently commented on FOE shares. Deutsche Bank decreased their target price on Ferro from $26.00 to $23.00 and set a “buy” rating for the company in a report on Tuesday, November 20th. Buckingham Research started coverage on Ferro in a report on Friday, January 4th. They set a “buy” rating and a $20.00 target price for the company. Zacks Investment Research cut Ferro from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 21st. Finally, ValuEngine upgraded Ferro from a “sell” rating to a “hold” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $22.50.
Ferro Company Profile
Ferro Corporation produces specialty materials in the United States and internationally. It operates through four business units: Tile Coating Systems; Porcelain Enamel; Performance Colors and Glass; and Color Solutions. The company offers frits, porcelain and other glass enamels, glazes, stains, decorating colors, pigments, inks, polishing materials, dielectrics, electronic glasses, and other specialty coatings.
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