Albemarle Co. (NYSE:ALB) Shares Bought by Parkside Investments LLC

Parkside Investments LLC raised its holdings in Albemarle Co. (NYSE:ALB) by 38.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,500 shares of the specialty chemicals company’s stock after purchasing an additional 700 shares during the quarter. Parkside Investments LLC’s holdings in Albemarle were worth $320,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of ALB. Bank of New York Mellon Corp increased its holdings in Albemarle by 258.1% in the third quarter. Bank of New York Mellon Corp now owns 4,561,987 shares of the specialty chemicals company’s stock valued at $621,845,000 after purchasing an additional 3,287,989 shares during the last quarter. Jennison Associates LLC increased its holdings in Albemarle by 21.4% in the third quarter. Jennison Associates LLC now owns 7,797,076 shares of the specialty chemicals company’s stock valued at $1,062,819,000 after purchasing an additional 1,375,546 shares during the last quarter. Janus Henderson Group PLC increased its holdings in Albemarle by 95.3% in the third quarter. Janus Henderson Group PLC now owns 1,595,684 shares of the specialty chemicals company’s stock valued at $217,507,000 after purchasing an additional 778,649 shares during the last quarter. Allianz Asset Management GmbH increased its holdings in Albemarle by 98.8% in the third quarter. Allianz Asset Management GmbH now owns 1,307,904 shares of the specialty chemicals company’s stock valued at $178,281,000 after purchasing an additional 650,158 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Albemarle by 113.6% in the third quarter. JPMorgan Chase & Co. now owns 975,732 shares of the specialty chemicals company’s stock valued at $129,109,000 after purchasing an additional 518,990 shares during the last quarter. Hedge funds and other institutional investors own 87.38% of the company’s stock.

Shares of Albemarle Co. (ALB) traded down $2.37 during mid-day trading on Friday, hitting $112.24. The company’s stock had a trading volume of 1,669,248 shares, compared to its average volume of 2,440,000. The firm has a market cap of $12,400.00, a P/E ratio of 40.09, a PEG ratio of 1.51 and a beta of 1.56. Albemarle Co. has a 52-week low of $91.02 and a 52-week high of $144.99. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.56 and a current ratio of 2.11.

A number of research firms have issued reports on ALB. UBS Group upped their price objective on Albemarle from $123.00 to $150.00 and gave the stock a “neutral” rating in a research report on Thursday, November 9th. Jefferies Group reissued a “buy” rating on shares of Albemarle in a research report on Tuesday, October 24th. BMO Capital Markets initiated coverage on Albemarle in a research report on Tuesday, October 24th. They set an “outperform” rating and a $160.00 price target for the company. Zacks Investment Research cut Albemarle from a “buy” rating to a “hold” rating in a research report on Tuesday, December 19th. Finally, Loop Capital set a $150.00 price target on Albemarle and gave the company a “buy” rating in a research report on Tuesday, December 19th. Ten equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $127.88.

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About Albemarle

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.

Institutional Ownership by Quarter for Albemarle (NYSE:ALB)

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