Deutsche Bank AG boosted its stake in shares of P H Glatfelter Co (NYSE:GLT) by 100.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 119,554 shares of the basic materials company’s stock after acquiring an additional 59,949 shares during the period. Deutsche Bank AG’s holdings in P H Glatfelter were worth $2,560,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of GLT. Balter Liquid Alternatives LLC purchased a new position in P H Glatfelter during the fourth quarter worth approximately $186,000. M&T Bank Corp purchased a new position in P H Glatfelter during the fourth quarter worth approximately $273,000. Teacher Retirement System of Texas purchased a new position in P H Glatfelter during the fourth quarter worth approximately $320,000. Investors Research Corp purchased a new position in P H Glatfelter during the fourth quarter worth approximately $616,000. Finally, Nationwide Fund Advisors raised its stake in P H Glatfelter by 33.2% during the third quarter. Nationwide Fund Advisors now owns 47,962 shares of the basic materials company’s stock worth $933,000 after purchasing an additional 11,942 shares during the period. 91.68% of the stock is currently owned by institutional investors.
Shares of GLT stock opened at $21.62 on Wednesday. P H Glatfelter Co has a 52 week low of $16.53 and a 52 week high of $23.85. The company has a current ratio of 1.68, a quick ratio of 0.96 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $965.52, a PE ratio of 18.64, a price-to-earnings-growth ratio of 3.52 and a beta of 1.28.
P H Glatfelter (NYSE:GLT) last issued its earnings results on Tuesday, February 6th. The basic materials company reported $0.34 EPS for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.02. P H Glatfelter had a net margin of 0.50% and a return on equity of 7.42%. The business had revenue of $399.92 million for the quarter, compared to the consensus estimate of $392.23 million. During the same quarter last year, the firm posted $0.40 EPS. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. equities analysts expect that P H Glatfelter Co will post 1.26 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 1st. Stockholders of record on Tuesday, April 3rd will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend is Monday, April 2nd. P H Glatfelter’s dividend payout ratio is presently 44.83%.
GLT has been the topic of a number of recent analyst reports. TheStreet raised shares of P H Glatfelter from a “c+” rating to a “b-” rating in a research note on Tuesday, December 26th. Zacks Investment Research raised shares of P H Glatfelter from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research note on Friday, January 26th. Finally, ValuEngine raised shares of P H Glatfelter from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Two investment analysts have rated the stock with a sell rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $21.58.
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About P H Glatfelter
P. H. Glatfelter Company, together with its subsidiaries, manufactures and sells specialty papers and engineered materials worldwide. The company's Composite Fibers business unit offers food and beverage filtration paper for single-serve coffee and tea products; wall covering base materials for wallpaper manufacturers; metallized products that are used in labels, packaging liners, gift wrap, and other consumer product applications; composite laminate papers for use in production of decorative laminates, furniture, and flooring applications; and special paper products, which are used in electrical energy storage, transport and transmission, wipes, and other engineered fiber-based applications.
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