OneDigital Investment Advisors LLC Has $364,000 Position in Albemarle Co. (NYSE:ALB)

OneDigital Investment Advisors LLC grew its position in Albemarle Co. (NYSE:ALB) by 47.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,847 shares of the specialty chemicals company’s stock after purchasing an additional 1,241 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Albemarle were worth $364,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of ALB. First Community Trust NA acquired a new position in Albemarle during the 2nd quarter valued at $25,000. CVA Family Office LLC raised its position in shares of Albemarle by 610.0% during the second quarter. CVA Family Office LLC now owns 284 shares of the specialty chemicals company’s stock valued at $27,000 after buying an additional 244 shares during the last quarter. Eastern Bank bought a new stake in shares of Albemarle in the third quarter valued at about $31,000. Cromwell Holdings LLC lifted its stake in shares of Albemarle by 61.9% in the third quarter. Cromwell Holdings LLC now owns 387 shares of the specialty chemicals company’s stock valued at $37,000 after buying an additional 148 shares during the period. Finally, ORG Partners LLC grew its position in Albemarle by 2,142.1% during the second quarter. ORG Partners LLC now owns 426 shares of the specialty chemicals company’s stock worth $42,000 after buying an additional 407 shares in the last quarter. Institutional investors own 92.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on ALB shares. Royal Bank of Canada raised their price objective on Albemarle from $108.00 to $133.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Mizuho reduced their target price on Albemarle from $128.00 to $103.00 in a research report on Wednesday, July 31st. Berenberg Bank downgraded shares of Albemarle from a “buy” rating to a “hold” rating and decreased their price target for the stock from $160.00 to $83.00 in a research note on Wednesday, July 31st. Oppenheimer reduced their price objective on shares of Albemarle from $171.00 to $170.00 and set an “outperform” rating for the company in a report on Friday, November 8th. Finally, Robert W. Baird lowered their target price on shares of Albemarle from $85.00 to $79.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $114.47.

Albemarle Trading Down 0.4 %

Shares of ALB opened at $109.09 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.58 and a current ratio of 2.44. The company has a market cap of $12.82 billion, a price-to-earnings ratio of -6.51 and a beta of 1.55. The stock has a fifty day moving average price of $97.41 and a two-hundred day moving average price of $99.62. Albemarle Co. has a 52-week low of $71.97 and a 52-week high of $153.54.

Albemarle Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th will be paid a $0.405 dividend. This represents a $1.62 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend is Friday, December 13th. Albemarle’s dividend payout ratio is presently -9.67%.

Albemarle Company Profile

Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals worldwide. It operates through three segments: Energy Storage, Specialties and Ketjen. The Energy Storage segment offers lithium compounds, including lithium carbonate, lithium hydroxide, and lithium chloride; technical services for the handling and use of reactive lithium products; and lithium-containing by-products recycling services.