ValuEngine cut shares of Glatfelter (NYSE:GLT) from a buy rating to a hold rating in a research report released on Tuesday morning.

A number of other analysts have also recently commented on the company. Zacks Investment Research cut Glatfelter from a hold rating to a sell rating in a research report on Thursday, November 2nd. BidaskClub cut Glatfelter from a hold rating to a sell rating in a research report on Friday, August 25th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. Glatfelter currently has an average rating of Hold and an average price target of $21.25.

Glatfelter (GLT) traded down $0.11 during trading on Tuesday, hitting $19.46. The stock had a trading volume of 181,800 shares, compared to its average volume of 170,360. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.70 and a quick ratio of 0.94. The firm has a market cap of $848.19, a PE ratio of 15.91, a price-to-earnings-growth ratio of 3.46 and a beta of 1.38. Glatfelter has a 52-week low of $16.53 and a 52-week high of $25.59.

Glatfelter (NYSE:GLT) last posted its quarterly earnings data on Tuesday, October 31st. The basic materials company reported $0.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.11. Glatfelter had a return on equity of 7.96% and a net margin of 0.11%. The firm had revenue of $413.00 million during the quarter, compared to analysts’ expectations of $402.74 million. During the same quarter last year, the firm earned $0.54 EPS. The business’s quarterly revenue was up 2.0% on a year-over-year basis. equities research analysts forecast that Glatfelter will post 1.13 EPS for the current year.

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The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 1st. Shareholders of record on Wednesday, October 11th were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Tuesday, October 10th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.67%. Glatfelter’s payout ratio is currently 1,733.33%.

In other Glatfelter news, EVP John P. Jacunski sold 6,674 shares of Glatfelter stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $20.85, for a total transaction of $139,152.90. Following the completion of the transaction, the executive vice president now owns 57,464 shares in the company, valued at approximately $1,198,124.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.30% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of Montreal Can raised its stake in shares of Glatfelter by 73.5% during the 2nd quarter. Bank of Montreal Can now owns 5,607 shares of the basic materials company’s stock valued at $110,000 after buying an additional 2,376 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in shares of Glatfelter by 10.3% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 6,828 shares of the basic materials company’s stock valued at $133,000 after purchasing an additional 638 shares in the last quarter. State of Alaska Department of Revenue increased its stake in shares of Glatfelter by 78.7% in the 2nd quarter. State of Alaska Department of Revenue now owns 8,597 shares of the basic materials company’s stock valued at $167,000 after purchasing an additional 3,787 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Glatfelter in the 3rd quarter valued at about $178,000. Finally, UBS Asset Management Americas Inc. purchased a new position in shares of Glatfelter in the 1st quarter valued at about $256,000. Institutional investors and hedge funds own 90.95% of the company’s stock.

About Glatfelter

P. H. Glatfelter Company is a manufacturer of specialty papers and fiber-based engineered materials. The Company operates through three business units: Composite Fibers, Advanced Airlaid Materials and Specialty Papers. Its Composite Fibers business unit is engaged in the sale of single-serve tea and coffee filtration papers, non-woven wallcovering materials, metallized papers, composite laminates papers, and various technically special papers, including substrates for electrical applications.

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