Albemarle Corporation (NYSE:ALB) – Research analysts at KeyCorp upped their FY2017 EPS estimates for shares of Albemarle Corporation in a note issued to investors on Thursday. KeyCorp analyst M. Sison now forecasts that the specialty chemicals company will post earnings of $4.45 per share for the year, up from their previous forecast of $4.35. KeyCorp currently has a “Buy” rating and a $150.00 target price on the stock. KeyCorp also issued estimates for Albemarle Corporation’s Q4 2017 earnings at $1.19 EPS and FY2018 earnings at $5.10 EPS.

Other research analysts have also recently issued research reports about the stock. Jefferies Group LLC upped their target price on shares of Albemarle Corporation from $156.00 to $162.00 and gave the stock a “buy” rating in a research report on Tuesday. Deutsche Bank AG cut shares of Albemarle Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday. CIBC began coverage on shares of Albemarle Corporation in a research report on Thursday, August 17th. They issued an “outperform” rating and a $133.00 target price for the company. Royal Bank Of Canada upped their target price on shares of Albemarle Corporation from $149.00 to $155.00 and gave the stock an “outperform” rating in a research report on Friday, November 10th. Finally, SunTrust Banks, Inc. cut shares of Albemarle Corporation from a “buy” rating to a “hold” rating and set a $121.00 target price for the company. in a research report on Wednesday, August 9th. Nine investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Albemarle Corporation has an average rating of “Buy” and a consensus price target of $128.45.

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Albemarle Corporation (NYSE:ALB) opened at $137.65 on Monday. Albemarle Corporation has a 1 year low of $77.25 and a 1 year high of $144.99. The company has a quick ratio of 1.56, a current ratio of 2.11 and a debt-to-equity ratio of 0.35. The company has a market cap of $15,841.75, a PE ratio of 35.49, a price-to-earnings-growth ratio of 2.18 and a beta of 1.72.

Albemarle Corporation (NYSE:ALB) last announced its quarterly earnings data on Wednesday, November 8th. The specialty chemicals company reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.01. Albemarle Corporation had a net margin of 30.07% and a return on equity of 11.61%. The business had revenue of $755.00 million during the quarter, compared to the consensus estimate of $732.19 million. During the same quarter in the prior year, the firm earned $0.91 EPS. The company’s revenue for the quarter was up 15.4% compared to the same quarter last year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 15th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend is Thursday, December 14th. Albemarle Corporation’s dividend payout ratio is presently 16.56%.

In related news, EVP Karen G. Narwold sold 11,500 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $115.95, for a total transaction of $1,333,425.00. Following the completion of the sale, the executive vice president now directly owns 36,620 shares of the company’s stock, valued at $4,246,089. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Matthew Juneau sold 5,397 shares of the stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $115.77, for a total transaction of $624,810.69. Following the sale, the executive vice president now directly owns 360 shares of the company’s stock, valued at $41,677.20. The disclosure for this sale can be found here. 0.74% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. Janus Henderson Group PLC lifted its position in shares of Albemarle Corporation by 95.3% in the 3rd quarter. Janus Henderson Group PLC now owns 1,595,684 shares of the specialty chemicals company’s stock valued at $217,507,000 after acquiring an additional 778,649 shares in the last quarter. Empire Life Investments Inc. lifted its position in shares of Albemarle Corporation by 16.6% in the 3rd quarter. Empire Life Investments Inc. now owns 3,865 shares of the specialty chemicals company’s stock valued at $527,000 after acquiring an additional 550 shares in the last quarter. Chevy Chase Trust Holdings Inc. lifted its position in shares of Albemarle Corporation by 1.0% in the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 96,350 shares of the specialty chemicals company’s stock valued at $13,133,000 after acquiring an additional 937 shares in the last quarter. Mastrapasqua Asset Management Inc. purchased a new stake in shares of Albemarle Corporation in the 3rd quarter valued at approximately $6,578,000. Finally, Wills Financial Group Inc. purchased a new stake in shares of Albemarle Corporation in the 3rd quarter valued at approximately $237,000. 86.64% of the stock is owned by institutional investors and hedge funds.

About Albemarle Corporation

Albemarle Corporation is a global developer, manufacturer and marketer of highly-engineered specialty chemicals. The Company operates through three segments: Lithium and Advanced Materials, Bromine Specialties and Refining Solutions. Lithium and Advanced Materials segment consist of two product categories: Lithium and Performance Catalyst Solutions.

Earnings History and Estimates for Albemarle Corporation (NYSE:ALB)

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