Macquarie Group Ltd. Reduces Position in Minerals Technologies Inc (MTX)
Macquarie Group Ltd. trimmed its stake in Minerals Technologies Inc (NYSE:MTX) by 3.8% in the 4th quarter, Holdings Channel reports. The firm owned 1,389,551 shares of the basic materials company’s stock after selling 54,769 shares during the period. Macquarie Group Ltd.’s holdings in Minerals Technologies were worth $71,340,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. First Trust Advisors LP increased its holdings in shares of Minerals Technologies by 8.4% in the third quarter. First Trust Advisors LP now owns 31,507 shares of the basic materials company’s stock valued at $2,130,000 after purchasing an additional 2,433 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of Minerals Technologies by 35.8% in the third quarter. SG Americas Securities LLC now owns 28,982 shares of the basic materials company’s stock valued at $1,959,000 after purchasing an additional 7,639 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Minerals Technologies by 1.4% in the third quarter. BlackRock Inc. now owns 3,970,547 shares of the basic materials company’s stock valued at $268,408,000 after purchasing an additional 55,865 shares during the last quarter. American International Group Inc. increased its holdings in shares of Minerals Technologies by 1.1% in the third quarter. American International Group Inc. now owns 94,610 shares of the basic materials company’s stock valued at $6,396,000 after purchasing an additional 1,036 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board acquired a new position in shares of Minerals Technologies in the third quarter valued at $3,335,000. 95.42% of the stock is owned by institutional investors and hedge funds.
Separately, Zacks Investment Research downgraded shares of Minerals Technologies from a “hold” rating to a “sell” rating in a report on Friday.
Minerals Technologies (NYSE:MTX) last announced its earnings results on Thursday, January 31st. The basic materials company reported $1.17 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.17. The company had revenue of $447.50 million during the quarter, compared to analysts’ expectations of $452.04 million. Minerals Technologies had a net margin of 9.45% and a return on equity of 12.82%. Equities research analysts predict that Minerals Technologies Inc will post 5 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 7th. Stockholders of record on Friday, February 15th were given a $0.05 dividend. The ex-dividend date of this dividend was Thursday, February 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.35%. Minerals Technologies’s payout ratio is presently 4.13%.
Minerals Technologies Company Profile
Minerals Technologies Inc develops, produces, and markets various specialty mineral, mineral-based, and synthetic mineral products, and supporting systems and services worldwide. The company's Specialty Minerals segment produces and sells precipitated calcium carbonate and quicklime; and provides natural mineral products comprising limestone and talc.
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