M&T Bank Corp increased its position in Albemarle Co. (NYSE:ALB) by 1.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 54,981 shares of the specialty chemicals company’s stock after acquiring an additional 755 shares during the quarter. M&T Bank Corp’s holdings in Albemarle were worth $7,032,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Scotia Capital Inc. raised its holdings in Albemarle by 0.5% in the 2nd quarter. Scotia Capital Inc. now owns 2,022 shares of the specialty chemicals company’s stock worth $213,000 after acquiring an additional 10 shares during the period. Thrivent Financial For Lutherans raised its holdings in Albemarle by 2.2% in the 2nd quarter. Thrivent Financial For Lutherans now owns 4,240 shares of the specialty chemicals company’s stock worth $447,000 after acquiring an additional 90 shares during the period. Golden Gate Private Equity Inc. raised its holdings in Albemarle by 1.5% in the 3rd quarter. Golden Gate Private Equity Inc. now owns 25,870 shares of the specialty chemicals company’s stock worth $3,526,000 after acquiring an additional 370 shares during the period. Advisory Services Network LLC raised its holdings in Albemarle by 43.7% in the 2nd quarter. Advisory Services Network LLC now owns 1,273 shares of the specialty chemicals company’s stock worth $134,000 after acquiring an additional 387 shares during the period. Finally, Strs Ohio raised its holdings in Albemarle by 4.3% in the 3rd quarter. Strs Ohio now owns 9,374 shares of the specialty chemicals company’s stock worth $1,277,000 after acquiring an additional 390 shares during the period. Hedge funds and other institutional investors own 87.38% of the company’s stock.

Several analysts have issued reports on ALB shares. Oppenheimer raised their price target on shares of Albemarle from $133.00 to $157.00 and gave the stock an “outperform” rating in a research report on Monday, October 16th. KeyCorp raised their price target on shares of Albemarle from $125.00 to $150.00 and gave the stock a “buy” rating in a research report on Monday, October 16th. Zacks Investment Research upgraded shares of Albemarle from a “hold” rating to a “buy” rating and set a $157.00 price target on the stock in a research report on Tuesday, October 17th. Royal Bank of Canada reiterated a “buy” rating and set a $149.00 target price on shares of Albemarle in a research report on Wednesday, October 18th. Finally, Jefferies Group reiterated a “buy” rating on shares of Albemarle in a research report on Tuesday, October 24th. Ten research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Albemarle has an average rating of “Buy” and a consensus target price of $127.88.

Albemarle Co. (NYSE ALB) opened at $111.59 on Tuesday. The company has a market cap of $11,902.59, a PE ratio of 14.44, a price-to-earnings-growth ratio of 1.42 and a beta of 1.56. Albemarle Co. has a 12-month low of $90.35 and a 12-month high of $144.99. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.11 and a quick ratio of 1.56.

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Albemarle Company Profile

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.

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Institutional Ownership by Quarter for Albemarle (NYSE:ALB)

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