Albemarle Corporation (NYSE: ALB) is 8.01% higher on its value in year-to-date trading and has touched a low of $48.89 and a high of $99.40 in the current 52-week trading range. The ALB stock was last observed hovering at around $78.89 in the recent trading session, with the current gains setting it 4.5% off its average median price target of $71.50 for the next 12 months. It is also 12.22% off the consensus price target high of $95.00 offered by 22 analysts, but current levels are -108.48% lower than the price target low of $40.00 for the same period.
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At last check, trading at $83.39, the stock is 8.08% and 14.94% above its SMA20 and SMA50 respectively. However, with a current trading volume of 0.64 million and changing 5.70% at the moment leaves the stock 18.07% off its SMA200. ALB registered 11.77% gain for a year compared to 6-month gain of 8.45%. The firm has a 50-day simple moving average (SMA 50) of $78.03 and a 200-day simple moving average (SMA200) of $72.56.
The stock witnessed a -5.93% loss in the last 1 month and extending the period to 3 months gives it a 17.71%, and is 0.42% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.96% over the week and 3.62% over the month.
Albemarle Corporation (ALB) has around 6000 employees, a market worth around $8.05B and $3.50B in sales. Current P/E ratio is 16.55 and Fwd P/E is 17.57. Profit margin for the company is 14.50%. Distance from 52-week low is 70.57% and -16.11% from its 52-week high. The company has generated returns on investments over the last 12 months (7.60%).
Albemarle Corporation (ALB) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Albemarle Corporation (ALB) is a “Hold”. 22 analysts offering their recommendations for the stock have an average rating of 2.80, where 12 rate it as a Hold and 1 think it is a “Overweight”. 5 of the analysts rate the stock as a “Buy”. 3 analysts have rated the stock as a Sell or Underperform.
Albemarle Corporation quarterly earnings per share for the current quarter are estimated at $0.74 with sales reaching $709.94M over the same period.The EPS is expected to shrink by -18.30% this year, but quarterly earnings will post -15.40% year-over-year. Quarterly sales are estimated to shrink -20.40% in year-over-year returns.
Albemarle Corporation (ALB) Top Institutional Holders
824 institutions hold shares in Albemarle Corporation (ALB), with 543.29k shares held by insiders accounting for 0.51% while institutional investors hold 93.12% of the company’s shares. The shares outstanding are 106.23M, and float is at 105.69M with Short Float at 12.83%. Institutions hold 92.64% of the Float.
The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 13.17 million shares valued at $742.5 million. The investor’s holdings represent 12.39% of the ALB Shares outstanding. As of Mar 30, 2020, the second largest holder is Franklin Resources, Inc with 8.79 million shares valued at $495.32 million to account for 8.26% of the shares outstanding. The other top investors are Blackrock Inc. which holds 8.13 million shares representing 7.64% and valued at over $458.13 million, while State Street Corporation holds 6.57% of the shares totaling 6.99 million with a market value of $394.03 million.
Albemarle Corporation (ALB) Insider Activity
A total of 49 insider transactions have happened at Albemarle Corporation (ALB) in the last six months, with sales accounting for 26 and purchases happening 23 times. The most recent transaction is an insider sale by NARWOLD KAREN G, the company’s EVP, Chief Admin Officer. SEC filings show that NARWOLD KAREN G sold 531 shares of the company’s common stock on Feb 28 at a price of $78.11 per share for a total of $41476.0. Following the sale, the insider now owns 41429.0 shares.
Albemarle Corporation disclosed in a document filed with the SEC on Feb 28 that Tozier Scott (EVP & CFO) sold a total of 630 shares of the company’s common stock. The trade occurred on Feb 28 and was made at $78.11 per share for $49209.0. Following the transaction, the insider now directly holds 53528.0 shares of the ALB stock.
Still, SEC filings show that on Feb 26, NARWOLD KAREN G (EVP, Chief Admin Officer) disposed off 2,495 shares at an average price of $85.19 for $0.21 million. The insider now directly holds 41,960 shares of Albemarle Corporation (ALB).
Albemarle Corporation (ALB): Who are the competitors?
The company’s main competitors (and peers) include Petroleo Brasileiro S.A. – Petrobras (PBR) that is trading -47.16% down over the past 12 months. Huntsman Corporation (HUN) is -10.82% down on the 1-year trading charts. Short interest in the company’s stock has fallen -14.32% from the last report on May 28, 2020 to stand at a total of 13.97 million short shares sold with a short interest ratio of 10.5.