KMG Chemicals (NYSE:KMG) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Friday.

KMG has been the subject of several other research reports. Zacks Investment Research cut KMG Chemicals from a “buy” rating to a “hold” rating in a research note on Tuesday, August 15th. KeyCorp started coverage on KMG Chemicals in a research report on Tuesday, November 21st. They set an “overweight” rating and a $63.00 target price on the stock. Finally, BidaskClub lowered KMG Chemicals from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $50.00.

KMG Chemicals (KMG) opened at $53.61 on Friday. The company has a debt-to-equity ratio of 3.01, a current ratio of 2.52 and a quick ratio of 1.64. The stock has a market capitalization of $823.77, a PE ratio of 23.62 and a beta of 0.55. KMG Chemicals has a 52 week low of $32.05 and a 52 week high of $61.10.

KMG Chemicals (NYSE:KMG) last announced its quarterly earnings data on Monday, October 16th. The specialty chemicals company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.16. The business had revenue of $96.26 million during the quarter, compared to analysts’ expectations of $96.00 million. KMG Chemicals had a return on equity of 17.45% and a net margin of 7.09%. The company’s revenue was up 27.8% compared to the same quarter last year. sell-side analysts expect that KMG Chemicals will post 2.76 earnings per share for the current fiscal year.

In other KMG Chemicals news, major shareholder David L. Hatcher sold 6,000 shares of KMG Chemicals stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $54.34, for a total transaction of $326,040.00. Following the transaction, the insider now owns 1,412,097 shares of the company’s stock, valued at $76,733,350.98. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder David L. Hatcher sold 9,000 shares of KMG Chemicals stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $48.13, for a total value of $433,170.00. Following the transaction, the insider now directly owns 1,595,097 shares in the company, valued at approximately $76,772,018.61. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 219,000 shares of company stock worth $11,564,130. 6.10% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Susquehanna International Group LLP increased its position in KMG Chemicals by 39.7% during the third quarter. Susquehanna International Group LLP now owns 21,166 shares of the specialty chemicals company’s stock worth $1,162,000 after buying an additional 6,014 shares during the period. California Public Employees Retirement System increased its holdings in shares of KMG Chemicals by 2.1% in the third quarter. California Public Employees Retirement System now owns 50,543 shares of the specialty chemicals company’s stock valued at $2,774,000 after purchasing an additional 1,043 shares during the period. Allianz Asset Management GmbH increased its holdings in shares of KMG Chemicals by 31.4% in the third quarter. Allianz Asset Management GmbH now owns 91,022 shares of the specialty chemicals company’s stock valued at $4,995,000 after purchasing an additional 21,738 shares during the period. Schwab Charles Investment Management Inc. increased its holdings in shares of KMG Chemicals by 93.3% in the third quarter. Schwab Charles Investment Management Inc. now owns 35,571 shares of the specialty chemicals company’s stock valued at $1,953,000 after purchasing an additional 17,171 shares during the period. Finally, Campbell & CO Investment Adviser LLC acquired a new position in shares of KMG Chemicals in the third quarter valued at approximately $244,000. 56.24% of the stock is currently owned by institutional investors.

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About KMG Chemicals

KMG Chemicals, Inc manufactures, formulates and globally distributes specialty chemicals. The Company operates businesses selling electronic chemicals, industrial wood treating chemicals, and industrial valve lubricants and sealants. The Company operates through two segments: Electronic chemicals and Other chemicals.

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