Zacks Investment Research Downgrades P H Glatfelter (GLT) to Hold

P H Glatfelter (NYSE:GLT) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Thursday.

According to Zacks, “Glatfelter is a global supplier of specialty papers and engineered materials, offering innovation, world-class service and over a century and a half of technical expertise. Headquartered in York, PA, the Company serves customers. operations include facilities in Pennsylvania and Ohio. International operations include facilities in Canada, Germany, France, the United Kingdom and the Philippines, and sales and distribution offices in China and Russia. “

Several other equities analysts have also recently commented on GLT. TheStreet raised shares of P H Glatfelter from a “c+” rating to a “b-” rating in a research report on Tuesday, December 26th. ValuEngine cut shares of P H Glatfelter from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $21.58.

Shares of P H Glatfelter (GLT) traded up $0.50 on Thursday, reaching $20.20. The company had a trading volume of 220,869 shares, compared to its average volume of 161,139. The company has a market cap of $880.44, a P/E ratio of 17.26, a P/E/G ratio of 3.01 and a beta of 1.38. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.94 and a current ratio of 1.70. P H Glatfelter has a 52-week low of $16.53 and a 52-week high of $24.20.

P H Glatfelter (NYSE:GLT) last announced its earnings results on Tuesday, February 6th. The basic materials company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.32 by $0.02. P H Glatfelter had a return on equity of 7.48% and a net margin of 0.50%. The business had revenue of $399.92 million during the quarter, compared to the consensus estimate of $392.23 million. During the same period in the prior year, the business posted $0.40 earnings per share. P H Glatfelter’s revenue was up 2.3% compared to the same quarter last year. equities analysts predict that P H Glatfelter will post 1.34 EPS for the current year.

Institutional investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio raised its holdings in P H Glatfelter by 10.3% in the second quarter. Public Employees Retirement System of Ohio now owns 6,828 shares of the basic materials company’s stock valued at $133,000 after acquiring an additional 638 shares in the last quarter. SG Americas Securities LLC purchased a new stake in P H Glatfelter in the 3rd quarter valued at about $178,000. Balter Liquid Alternatives LLC purchased a new stake in P H Glatfelter in the 4th quarter valued at about $186,000. M&T Bank Corp purchased a new stake in P H Glatfelter in the 4th quarter valued at about $273,000. Finally, Crossmark Global Holdings Inc. purchased a new stake in P H Glatfelter in the 3rd quarter valued at about $298,000. 90.88% of the stock is owned by institutional investors and hedge funds.

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About P H Glatfelter

P. H. Glatfelter Company is a manufacturer of specialty papers and fiber-based engineered materials. The Company operates through three business units: Composite Fibers, Advanced Airlaid Materials and Specialty Papers. Its Composite Fibers business unit is engaged in the sale of single-serve tea and coffee filtration papers, non-woven wallcovering materials, metallized papers, composite laminates papers, and various technically special papers, including substrates for electrical applications.

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