Albemarle (NYSE:ALB) Getting Somewhat Positive Media Coverage, Accern Reports

Mae Love
December 8, 2017

Jennison Associates LLC now owns 7,797,076 shares of the specialty chemicals company's stock valued at $1,062,819,000 after buying an additional 1,375,546 shares in the last quarter. The total number of shares traded in the last 90-day period is 2,500. Internap Corporation (INAP) has risen 55.77% since December 4, 2016 and is uptrending. It has underperformed by 18.88% the S&P500. Bank of New York Mellon Corp grew its stake in Albemarle by 258.1% in the 3rd quarter. NARWOLD KAREN G had sold 20,000 shares worth $2.16 million. Mason Street Advsrs Lc holds 15,371 shares. Albemarle Corp now has $14.29 billion valuation. The stock decreased 0.40% or $0.51 during the last trading session, reaching $127.48. Avalon Advisors Ltd Com has 1.06 million shares for 2.42% of their portfolio. Jaffetilchin Ltd Liability Corporation owns 0.08% invested in Albemarle Corporation (NYSE:ALB) for 2,147 shares. It has outperformed by 28.90% the S&P500.

Analysts await Otonomy, Inc. The firm's revenue for the quarter was up 15.4% on a year-over-year basis. sell-side analysts expect that Albemarle Co. will post 4.46 EPS for the current fiscal year. They set an "outperform" rating and a $160.00 price objective for the company. The stock of Boston Properties, Inc. The firm has "Hold" rating given on Wednesday, August 9 by SunTrust. As per Thursday, June 22, the company rating was maintained by Goldman Sachs. As per Thursday, March 10, the company rating was downgraded by Seaport Global. On Friday, June 2 the stock rating was initiated by Piper Jaffray with "Buy".

Rhumbline Advisers decreased Agco Corp Com (NYSE:AGCO) stake by 6,577 shares to 119,560 valued at $8.06M in 2017Q2. 496,880 are owned by Schwab Charles Mgmt.

With present bullish sentiments Albemarle Corporation stock prices are seen more as an growth stock than true value causing stocks to be overbought, in addition PE ratio of 45.65, indicate investors sentiments are positive.

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The firm has a market capitalization of $2,041.46, a price-to-earnings ratio of 27.27, a PEG ratio of 3.85 and a beta of 1.19. Also, CEO Armando Pimentel, Jr. sold 42,372 shares of NextEra Energy stock in a transaction dated Wednesday, December 6th.

It is always fair to compare Quick Ratio ratio to that of peers in the same Basic Materials sector, and Albemarle Corporation in comparison to current liabilities, ratio of capital and other liquid resources reported at 1.6. It increased, as 32 investors sold Albemarle Corporation shares while 163 reduced holdings. 8 funds opened positions while 30 raised stakes. Advsr Asset Incorporated invested in 7,766 shares. Engineers Gate Manager Limited Partnership invested in 35,352 shares. Ntv Asset Mngmt Ltd Liability Co invested in 1.31% or 62,592 shares. 32,008 were reported by Renaissance Tech Limited Liability Corporation. (NASDAQ:BLKB). California-based Ami Asset has invested 0.29% in Blackbaud, Inc. (NASDAQ:BLKB) for 75,600 shares. It turned negative, as 39 investors sold MSFT shares while 982 reduced holdings. Point72 Asia (Hong Kong) has invested 0.08% in Blackbaud, Inc. (NASDAQ:OTIC) for 21,389 shares. Fifth Third Fincl Bank holds 0.06% or 82,687 shares in its portfolio. (NASDAQ:BLKB). Wellington Group Llp has invested 0.05% in Blackbaud, Inc. (NASDAQ:OTIC). Citigroup owns 0% invested in Otonomy, Inc. The portion of a company's profit allocated to each outstanding share of common stock was $2.92 a share in the trailing twelve months. Great West Life Assurance Can owns 4,908 shares. Jackson Square Ptnrs Ltd has 0.49% invested in Blackbaud, Inc. Jpmorgan Chase reported 918,865 shares or 0.02% of all its holdings.

Albemarle (NYSE:ALB) last issued its quarterly earnings results on Wednesday, May 3rd. During the same quarter in the prior year, the business earned $0.91 earnings per share. With 1.21 million shares average volume, it will take short sellers 5 days to cover their ALB's short positions. After $1.08 actual EPS reported by Albemarle Corporation for the previous quarter, Wall Street now forecasts 9.26% EPS growth. New Jersey Better Educational Savings Trust has invested 0.64% of its portfolio in Albemarle Corporation (NYSE:ALB). Therefore 50% are positive. Albemarle Co. has a 12-month low of $85.60 and a 12-month high of $144.99. Jefferies Group boosted their price target on shares of Albemarle from $156.00 to $162.00 and gave the company a "buy" rating in a research report on Tuesday, November 14th. Vertical Research reaffirmed a "hold" rating and set a $109.00 price target (up from $108.00) on shares of Albemarle in a report on Thursday, August 10th. As per Thursday, May 12, the company rating was maintained by Jefferies. As per Tuesday, February 23, the company rating was maintained by JP Morgan. The firm has "Buy" rating given on Monday, October 16 by KeyBanc Capital Markets. The firm has "Neutral" rating by Robert W. Baird given on Monday, September 25.

Albemarle Corporation has a beta of 1.52, offering the possibility of a higher rate of return, but also posing more risk. The firm earned "Buy" rating on Wednesday, August 16 by Oppenheimer. Teacher Retirement Sys Of Texas reported 0.14% of its portfolio in Albemarle Corporation (NYSE:ALB). Hudson Valley Inv Advisors Inc Adv reported 0.06% of its portfolio in Albemarle Corporation (NYSE:ALB). The stock has "Buy" rating by RBC Capital Markets on Monday, June 12. RBC Capital Markets maintained Albemarle Corporation (NYSE:ALB) on Thursday, July 13 with "Buy" rating.

The stock of Albemarle Corporation (NYSE:ALB) registered a decrease of 17.46% in short interest.

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