Keybank National Association OH raised its position in Glatfelter (NYSE:GLT) by 36.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 53,755 shares of the basic materials company’s stock after buying an additional 14,300 shares during the period. Keybank National Association OH owned approximately 0.12% of Glatfelter worth $1,046,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of GLT. Bank of Montreal Can boosted its position in Glatfelter by 73.5% in 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 boosted its position in 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 buying an additional 638 shares during the last quarter. State of Alaska Department of Revenue boosted its position in 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 buying an additional 3,787 shares during the last quarter. UBS Asset Management Americas Inc. purchased a new position in Glatfelter in the 1st quarter valued at about $256,000. Finally, Crossmark Global Holdings Inc. purchased a new position in Glatfelter in the 3rd quarter valued at about $298,000. 90.95% of the stock is owned by institutional investors.

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

A number of equities analysts have weighed in on the stock. ValuEngine cut shares of Glatfelter from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Zacks Investment Research cut shares of Glatfelter from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 3rd. Finally, BidaskClub cut shares of 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 given a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $21.25.

Glatfelter (NYSE GLT) opened at $19.57 on Tuesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.94 and a current ratio of 1.70. Glatfelter has a 12-month low of $16.53 and a 12-month high of $25.59. The company has a market cap of $863.01, a PE ratio of 16.10, a PEG ratio of 3.50 and a beta of 1.39.

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

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Wednesday, October 11th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Tuesday, October 10th. This represents a $0.52 annualized dividend and a dividend yield of 2.66%. Glatfelter’s payout ratio is 1,733.33%.

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Glatfelter Company Profile

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.

Institutional Ownership by Quarter for Glatfelter (NYSE:GLT)

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