Cerity Partners LLC Raises Position in LSB Industries, Inc. (NYSE:LXU)

Cerity Partners LLC lifted its stake in shares of LSB Industries, Inc. (NYSE:LXU) by 132.2% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,368,201 shares of the conglomerate’s stock after buying an additional 778,937 shares during the period. Cerity Partners LLC’s holdings in LSB Industries were worth $11,000,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its position in shares of LSB Industries by 1.6% during the second quarter. Dimensional Fund Advisors LP now owns 2,364,562 shares of the conglomerate’s stock valued at $19,342,000 after purchasing an additional 37,419 shares in the last quarter. Renaissance Technologies LLC increased its stake in LSB Industries by 1.4% in the 2nd quarter. Renaissance Technologies LLC now owns 1,816,865 shares of the conglomerate’s stock valued at $14,862,000 after buying an additional 25,713 shares during the last quarter. First Eagle Investment Management LLC lifted its position in shares of LSB Industries by 34.1% during the 2nd quarter. First Eagle Investment Management LLC now owns 1,463,395 shares of the conglomerate’s stock worth $11,971,000 after buying an additional 372,500 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of LSB Industries by 11.5% in the 2nd quarter. American Century Companies Inc. now owns 1,312,912 shares of the conglomerate’s stock worth $10,740,000 after buying an additional 135,087 shares during the last quarter. Finally, International Assets Investment Management LLC grew its holdings in shares of LSB Industries by 691.2% in the third quarter. International Assets Investment Management LLC now owns 904,516 shares of the conglomerate’s stock valued at $7,272,000 after acquiring an additional 790,194 shares in the last quarter. Institutional investors own 73.67% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on LXU. Piper Sandler lifted their price target on LSB Industries from $8.80 to $9.00 and gave the stock an “underweight” rating in a report on Thursday, August 8th. Royal Bank of Canada reissued an “outperform” rating and issued a $10.00 price target on shares of LSB Industries in a report on Monday, November 4th. Finally, UBS Group upgraded shares of LSB Industries from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $9.50 to $11.00 in a report on Thursday, October 10th.

LSB Industries Trading Down 2.3 %

Shares of LXU opened at $8.73 on Wednesday. LSB Industries, Inc. has a fifty-two week low of $6.74 and a fifty-two week high of $10.40. The business has a 50-day moving average of $8.54 and a 200 day moving average of $8.43. The firm has a market cap of $625.24 million, a P/E ratio of -41.81, a price-to-earnings-growth ratio of 20.86 and a beta of 0.84. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.36 and a current ratio of 2.53.

LSB Industries Profile

LSB Industries, Inc engages in the manufacture, marketing, and sale of chemical products. The company provides nitrogen-based fertilizers, such as ammonia, fertilizer grade high density ammonium nitrate (HDAN), and urea ammonia nitrate for fertilizer for corn, pastures, and other crops, as well as nitrogen, phosphorus, and potassium (NPK) fertilizer blends application.