MetLife Investment Advisors LLC trimmed its position in P H Glatfelter Co (NYSE:GLT) by 35.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,278 shares of the basic materials company’s stock after selling 11,491 shares during the period. MetLife Investment Advisors LLC’s holdings in P H Glatfelter were worth $208,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Texas Permanent School Fund boosted its stake in P H Glatfelter by 4.0% in the fourth quarter. Texas Permanent School Fund now owns 28,650 shares of the basic materials company’s stock valued at $280,000 after acquiring an additional 1,104 shares in the last quarter. Principal Financial Group Inc. boosted its stake in P H Glatfelter by 0.6% in the fourth quarter. Principal Financial Group Inc. now owns 355,449 shares of the basic materials company’s stock valued at $3,469,000 after acquiring an additional 1,962 shares in the last quarter. Arizona State Retirement System boosted its stake in P H Glatfelter by 6.2% in the fourth quarter. Arizona State Retirement System now owns 67,424 shares of the basic materials company’s stock valued at $658,000 after acquiring an additional 3,917 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in P H Glatfelter by 1.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 309,137 shares of the basic materials company’s stock valued at $3,017,000 after acquiring an additional 5,557 shares in the last quarter. Finally, Legal & General Group Plc boosted its stake in P H Glatfelter by 10.4% in the third quarter. Legal & General Group Plc now owns 102,205 shares of the basic materials company’s stock valued at $1,953,000 after acquiring an additional 9,589 shares in the last quarter. Institutional investors own 94.54% of the company’s stock.
NYSE:GLT opened at $14.48 on Friday. P H Glatfelter Co has a 12 month low of $9.28 and a 12 month high of $22.55. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.02 and a quick ratio of 1.27. The firm has a market cap of $637.45 million, a PE ratio of 68.95, a P/E/G ratio of 4.40 and a beta of 1.75.
P H Glatfelter (NYSE:GLT) last posted its quarterly earnings data on Tuesday, February 5th. The basic materials company reported $0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.01). P H Glatfelter had a positive return on equity of 0.87% and a negative net margin of 14.12%. The company had revenue of $229.48 million for the quarter, compared to analyst estimates of $224.89 million. During the same quarter in the previous year, the firm posted $0.20 earnings per share. The company’s quarterly revenue was up 9.6% on a year-over-year basis. On average, equities analysts predict that P H Glatfelter Co will post 0.65 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 3rd will be paid a dividend of $0.13 per share. The ex-dividend date is Tuesday, April 2nd. This represents a $0.52 annualized dividend and a dividend yield of 3.59%. P H Glatfelter’s payout ratio is currently 247.62%.
Several equities research analysts have recently commented on GLT shares. BMO Capital Markets lowered their price objective on shares of P H Glatfelter from $22.00 to $18.00 and set an “outperform” rating for the company in a research note on Wednesday, February 13th. ValuEngine downgraded shares of P H Glatfelter from a “buy” rating to a “hold” rating in a research note on Monday, February 4th. Finally, Zacks Investment Research upgraded shares of P H Glatfelter from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 8th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $19.50.
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P H Glatfelter Company Profile
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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