Robeco Institutional Asset Management B.V. purchased a new position in GrafTech International Ltd (NYSE:EAF) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 18,611 shares of the company’s stock, valued at approximately $335,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. First Mercantile Trust Co. purchased a new position in GrafTech International in the 2nd quarter worth about $231,000. Raymond James Financial Services Advisors Inc. purchased a new position in GrafTech International in the 2nd quarter worth about $310,000. Bank of Montreal Can purchased a new position in GrafTech International in the 2nd quarter worth about $2,513,000. First Trust Advisors LP purchased a new position in GrafTech International in the 2nd quarter worth about $5,381,000. Finally, Columbus Circle Investors purchased a new position in GrafTech International in the 2nd quarter worth about $10,235,000. 7.19% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts recently weighed in on EAF shares. JPMorgan Chase & Co. began coverage on GrafTech International in a research note on Monday, May 14th. They issued an “overweight” rating and a $29.00 price target on the stock. BMO Capital Markets lifted their target price on GrafTech International from $25.00 to $28.00 and gave the company an “outperform” rating in a research note on Monday, August 6th. Credit Suisse Group began coverage on GrafTech International in a research note on Monday, May 14th. They set an “outperform” rating and a $24.00 target price on the stock. Vertical Research began coverage on GrafTech International in a research note on Wednesday, August 1st. They set a “buy” rating and a $29.00 target price on the stock. Finally, Citigroup began coverage on GrafTech International in a research note on Monday, May 14th. They set a “buy” rating on the stock. Seven research analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and an average target price of $26.60.

NYSE:EAF opened at $18.75 on Friday. The company has a current ratio of 2.56, a quick ratio of 1.63 and a debt-to-equity ratio of -2.19. GrafTech International Ltd has a fifty-two week low of $14.00 and a fifty-two week high of $24.36.

GrafTech International (NYSE:EAF) last released its earnings results on Friday, August 3rd. The company reported $0.67 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.07. GrafTech International had a negative return on equity of 1,837.51% and a net margin of 38.52%. The company had revenue of $456.30 million for the quarter, compared to analysts’ expectations of $417.00 million. The business’s revenue for the quarter was up 292.3% on a year-over-year basis. research analysts forecast that GrafTech International Ltd will post 2.73 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, August 31st will be paid a dividend of $0.085 per share. The ex-dividend date of this dividend is Thursday, August 30th. This represents a $0.34 annualized dividend and a yield of 1.81%.

In other news, Director Gp Ltd Bcp sold 34,688,311 shares of GrafTech International stock in a transaction dated Monday, August 13th. The stock was sold at an average price of $19.75, for a total transaction of $685,094,142.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Anthony R. Taccone purchased 2,250 shares of GrafTech International stock in a transaction dated Monday, June 4th. The shares were purchased at an average price of $18.92 per share, with a total value of $42,570.00. The disclosure for this purchase can be found here.

GrafTech International Company Profile

GrafTech International Ltd. researches, develops, manufactures, and sells synthetic and natural graphite and carbon based products worldwide. It offers graphite electrodes, which are components of the conductive power systems used to produce steel and non-ferrous metals; and petroleum needle coke, a crystalline form of carbon used in the production of graphite electrodes.

Further Reading: Leveraged Buyout (LBO) Explained

Institutional Ownership by Quarter for GrafTech International (NYSE:EAF)

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