First Allied Advisory Services Inc. Sells 10744 Shares of Albemarle Co. (ALB)

Marco Green
February 24, 2018

The fund owned 30,165 shares of the specialty chemicals company's stock after selling 450 shares during the period. The institutional investor held 22,358 shares of the telecommunications equipment company at the end of 2017Q3, valued at $876,000, down from 33,383 at the end of the previous reported quarter. (ALB) traded up $0.67 on Thursday, reaching $113.68. About 322,353 shares traded. It is down 0.00% since February 23, 2017 and is. It has underperformed by 30.82% the S&P500. With 1,000 avg volume, 5061 days are for OUTOKUMPO OY ORDINARY SHARES (OTCMKTS:OUTFF)'s short sellers to cover OUTFF's short positions. 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 period. Axel Capital Management Llc who had been investing in Albemarle Corp for a number of months, seems to be less bullish one the $13.12 billion market cap company. The stock decreased 19.06% or $14.28 during the last trading session, reaching $60.63.

On 8/24/2017 Matthew Juneau, EVP, sold 5,397 with an average share price of $115.77 per share and the total transaction amounting to $624,810.69.

Today, Argus initiated coverage on Albemarle (NYSE:ALB) with a Buy with a price target of $113.68. It has outperformed by 28.90% the S&P500. They expect $0.85 earnings per share, up 14.86% or $0.11 from last year's $0.74 per share.

On 2/23/2018 Albemarle announced a quarterly dividend of $0.34 1.17874736101337% with an ex dividend date of which will be payable on 4/2/2018. 106 funds opened positions while 696 raised stakes. Credit Suisse Ag stated it has 265,256 shares or 0.04% of all its holdings. (NYSE:MET) for 18,390 shares. Thompson Davis & Inc invested in 0.18% or 750 shares. (NYSE:MET). Miles Capital invested 0.12% in MetLife, Inc. Beach Inv Counsel Pa holds 0.15% or 26,780 shares in its portfolio. Gamco Invsts Et Al holds 29,860 shares. Florida-based Deprince Race And Zollo Inc has invested 0.52% in MetLife, Inc. Pub Employees Retirement Association Of Colorado holds 0.02% or 21,565 shares in its portfolio. Everence Cap Mngmt Incorporated invested in 0.1% or 3,093 shares. Albemarle Co. The company has a quick ratio of 1.56, a current ratio of 2.11 and a debt-to-equity ratio of 0.35. 784.85 million shares or 1.65% more from 772.09 million shares in 2017Q2 were reported. Therefore 56% are positive. V.F. Corp had 105 analyst reports since July 24, 2015 according to SRatingsIntel. Deutsche Bank maintained Albemarle Corporation (NYSE:ALB) on Wednesday, September 16 with "Buy" rating. (NASDAQ:SRCL) rating on Wednesday, February 22. Barrington Research maintained Stericycle, Inc. The firm has "Buy" rating by Citigroup given on Monday, April 18. DA Davidson has "Buy" rating and $42 target. On Friday, October 6 the stock rating was downgraded by Goldman Sachs to "Neutral". (NYSE:T) on Tuesday, January 2 with "Sector Weight" rating. The stock of Stericycle, Inc.

Analysts await Albemarle Corporation (NYSE:ALB) to report earnings on February, 27 after the close. After $1.08 actual EPS reported by Albemarle Corporation for the previous quarter, Wall Street now forecasts 11.11% EPS growth. Robert W. Baird reiterated a "hold" rating and set a $135.00 price objective on shares of Albemarle in a research report on Wednesday, November 1st. Therefore 64% are positive. Albemarle Corporation had 63 analyst reports since August 7, 2015 according to SRatingsIntel. The company was maintained on Thursday, February 8 by Cowen & Co. Albemarle has a consensus rating of "Buy" and an average target price of $128.88. The rating was maintained by RBC Capital Markets with "Buy" on Thursday, July 13. Moreover, Keybank Natl Association Oh has 0.03% invested in Albemarle Corporation (NYSE:ALB). The rating was maintained by Jefferies on Friday, June 16 with "Buy".

Among 21 analysts covering Albemarle Corporation (NYSE:ALB), 13 have Buy rating, 0 Sell and 8 Hold. (NYSE:MET) earned "Neutral" rating by FBR Capital on Tuesday, October 10.

Mitsubishi Ufj Securities Holdings Company, which manages about $20.93 million US Long portfolio, upped its stake in S&P Global Inc by 2,150 shares to 2,610 shares, valued at $408,000 in 2017Q3, according to the filing.

Investors sentiment decreased to 1.13 in 2017 Q3.

On 7/10/2017 Albemarle announced a quarterly dividend of $0.32 1.14% with an ex dividend date of 9/14/2017 which will be payable on 10/2/2017.

A number of other large investors have also modified their holdings of the business. 77 funds opened positions while 161 raised stakes. Wright Serv Inc accumulated 3,157 shares or 0.16% of the stock. It dropped, as 53 investors sold Albemarle Corporation shares while 158 reduced holdings. Wedge Cap L LP Nc holds 0.07% or 59,007 shares. Quantitative Invest Management Limited Liability Corp owns 142,500 shares for 0.1% of their portfolio. First Citizens Fincl Bank & Tru invested in 6,020 shares. Mutual Of America Capital Management Ltd Llc holds 14,437 shares. The SI to OUTOKUMPO OY ORDINARY SHARES's float is 1.97%. Iridian Asset Mngmt Ltd Liability Com Ct has 1.66% invested in Albemarle Corporation (NYSE:ALB) for 1.42 million shares. Creative Planning reported 0% in Albemarle Corporation (NYSE:ALB). Nuveen Asset Management Ltd has invested 0% in Albemarle Corporation (NYSE:ALB). Old Second Bancshares Of Aurora has 52,822 shares for 1.14% of their portfolio.

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