Stephens Investment Management Group LLC acquired a new stake in Albemarle Co. (NYSE:ALB) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 45,246 shares of the specialty chemicals company’s stock, valued at approximately $5,787,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Thompson Davis & CO. Inc. increased its stake in Albemarle by 650.0% in the 3rd quarter. Thompson Davis & CO. Inc. now owns 750 shares of the specialty chemicals company’s stock valued at $102,000 after purchasing an additional 650 shares in the last quarter. SeaCrest Wealth Management LLC acquired a new stake in Albemarle during the 4th quarter valued at $103,000. Stephens Inc. AR acquired a new stake in Albemarle during the 4th quarter valued at $115,000. Howe & Rusling Inc. grew its holdings in Albemarle by 2,038.0% during the 3rd quarter. Howe & Rusling Inc. now owns 1,069 shares of the specialty chemicals company’s stock valued at $146,000 after buying an additional 1,019 shares during the last quarter. Finally, Advisory Services Network LLC grew its holdings in Albemarle by 43.7% during the 2nd quarter. Advisory Services Network LLC now owns 1,273 shares of the specialty chemicals company’s stock valued at $134,000 after buying an additional 387 shares during the last quarter. 88.16% of the stock is owned by hedge funds and other institutional investors.

Shares of Albemarle Co. (NYSE:ALB) opened at $105.18 on Friday. Albemarle Co. has a fifty-two week low of $90.35 and a fifty-two week high of $144.99. The company has a current ratio of 2.11, a quick ratio of 1.56 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $11,782.15, a price-to-earnings ratio of 13.61, a PEG ratio of 1.40 and a beta of 1.56.

Albemarle (NYSE:ALB) last posted its quarterly earnings data on Wednesday, November 8th. The specialty chemicals company reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.01. Albemarle had a return on equity of 11.61% and a net margin of 30.07%. The business had revenue of $755.00 million for the quarter, compared to analysts’ expectations of $732.19 million. During the same quarter last year, the firm earned $0.91 earnings per share. The business’s revenue was up 15.4% on a year-over-year basis. research analysts expect that Albemarle Co. will post 4.46 EPS for the current fiscal year.

A number of equities research analysts have commented on the company. Seaport Global Securities reiterated a “hold” rating and set a $130.00 target price on shares of Albemarle in a report on Monday. UBS Group upgraded Albemarle from a “neutral” rating to a “buy” rating and increased their target price for the company from $113.00 to $150.00 in a report on Tuesday, January 30th. Jefferies Group lowered their target price on Albemarle to $150.00 and set a “buy” rating on the stock in a report on Friday, January 19th. Oppenheimer reiterated a “buy” rating on shares of Albemarle in a report on Wednesday, January 17th. Finally, Robert W. Baird upgraded Albemarle from a “neutral” rating to an “outperform” rating and increased their target price for the company from $131.72 to $133.51 in a report on Monday, January 8th. Ten investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $127.88.

COPYRIGHT VIOLATION WARNING: “Stephens Investment Management Group LLC Invests $5.79 Million in Albemarle Co. (ALB) Stock” was originally reported by Watch List News and is owned by of Watch List News. If you are accessing this story on another domain, it was copied illegally and republished in violation of international trademark and copyright legislation. The legal version of this story can be viewed at https://www.watchlistnews.com/stephens-investment-management-group-llc-invests-5-79-million-in-albemarle-co-alb-stock/1855062.html.

Albemarle Company Profile

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.

Want to see what other hedge funds are holding ALB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Albemarle Co. (NYSE:ALB).

Institutional Ownership by Quarter for Albemarle (NYSE:ALB)

Receive News & Ratings for Albemarle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Albemarle and related companies with MarketBeat.com's FREE daily email newsletter.