Albemarle Corporation (NYSE:ALB) CFO Scott Tozier sold 25,000 shares of the firm’s stock in a transaction dated Friday, July 7th. The stock was sold at an average price of $110.13, for a total transaction of $2,753,250.00. Following the completion of the transaction, the chief financial officer now owns 57,506 shares of the company’s stock, valued at $6,333,135.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Shares of Albemarle Corporation (NYSE ALB) traded up 1.45% during trading on Tuesday, reaching $112.95. 1,321,835 shares of the company traded hands. Albemarle Corporation has a 12 month low of $75.11 and a 12 month high of $116.64. The stock’s 50 day moving average price is $110.26 and its 200-day moving average price is $101.62. The stock has a market cap of $12.51 billion, a P/E ratio of 27.45 and a beta of 1.58.

Albemarle Corporation (NYSE:ALB) last released its earnings results on Wednesday, May 3rd. The specialty chemicals company reported $1.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.10. The firm had revenue of $722.06 million for the quarter, compared to analysts’ expectations of $678.74 million. Albemarle Corporation had a return on equity of 11.97% and a net margin of 17.02%. On average, equities research analysts expect that Albemarle Corporation will post $4.36 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend is Thursday, September 14th. Albemarle Corporation’s payout ratio is 31.22%.

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A number of research firms have recently issued reports on ALB. Aegis reissued a “buy” rating on shares of Albemarle Corporation in a research report on Friday. Zacks Investment Research raised shares of Albemarle Corporation from a “hold” rating to a “buy” rating and set a $121.00 price target for the company in a research report on Friday. Piper Jaffray Companies reissued an “overweight” rating and issued a $47.00 price target on shares of Albemarle Corporation in a research report on Thursday, June 29th. Needham & Company LLC reissued a “buy” rating and issued a $36.00 price target on shares of Albemarle Corporation in a research report on Thursday, June 29th. Finally, Robert W. Baird reissued an “outperform” rating and issued a $125.00 price target on shares of Albemarle Corporation in a research report on Wednesday, June 28th. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $103.93.

A number of large investors have recently added to or reduced their stakes in the stock. Benjamin F. Edwards & Company Inc. boosted its stake in Albemarle Corporation by 0.3% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,454 shares of the specialty chemicals company’s stock valued at $154,000 after buying an additional 5 shares during the last quarter. Copper Rock Capital Partners LLC boosted its stake in Albemarle Corporation by 303.3% in the second quarter. Copper Rock Capital Partners LLC now owns 1,944 shares of the specialty chemicals company’s stock valued at $167,000 after buying an additional 1,462 shares during the last quarter. Van ECK Associates Corp boosted its stake in Albemarle Corporation by 18.7% in the first quarter. Van ECK Associates Corp now owns 1,614 shares of the specialty chemicals company’s stock valued at $171,000 after buying an additional 254 shares during the last quarter. Cullinan Associates Inc. purchased a new stake in Albemarle Corporation during the first quarter valued at approximately $201,000. Finally, Conning Inc. purchased a new stake in Albemarle Corporation during the first quarter valued at approximately $205,000. Hedge funds and other institutional investors own 85.75% of the company’s stock.

Albemarle Corporation 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.

Insider Buying and Selling by Quarter for Albemarle Corporation (NYSE:ALB)

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