PQ Group Holdings Inc (PQG) Insider Sells $84,922.88 in Stock

PQ Group Holdings Inc (NYSE:PQG) insider Paul Ferrall sold 4,739 shares of the firm’s stock in a transaction dated Tuesday, September 11th. The shares were sold at an average price of $17.92, for a total transaction of $84,922.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Paul Ferrall also recently made the following trade(s):

  • On Wednesday, August 29th, Paul Ferrall sold 4,305 shares of PQ Group stock. The shares were sold at an average price of $17.93, for a total transaction of $77,188.65.

Shares of NYSE PQG traded down $0.20 during midday trading on Wednesday, reaching $17.69. 112,500 shares of the stock were exchanged, compared to its average volume of 217,897. The company has a market cap of $2.36 billion and a PE ratio of 38.46. PQ Group Holdings Inc has a 52-week low of $12.88 and a 52-week high of $18.69. The company has a debt-to-equity ratio of 1.34, a current ratio of 2.23 and a quick ratio of 1.23.

PQ Group (NYSE:PQG) last issued its quarterly earnings results on Thursday, August 9th. The company reported $0.28 EPS for the quarter, hitting analysts’ consensus estimates of $0.28. The business had revenue of $434.70 million during the quarter, compared to the consensus estimate of $420.44 million. PQ Group had a net margin of 5.00% and a return on equity of 5.97%. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. analysts anticipate that PQ Group Holdings Inc will post 0.86 EPS for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of PQG. Commonwealth Equity Services LLC purchased a new stake in shares of PQ Group during the first quarter worth about $139,000. Voya Investment Management LLC purchased a new stake in shares of PQ Group during the second quarter worth about $197,000. Comerica Bank purchased a new stake in shares of PQ Group during the first quarter worth about $245,000. New York State Common Retirement Fund purchased a new stake in shares of PQ Group during the first quarter worth about $278,000. Finally, Point72 Asset Management L.P. purchased a new stake in shares of PQ Group during the second quarter worth about $329,000. Institutional investors and hedge funds own 69.23% of the company’s stock.

Several equities analysts have weighed in on the stock. BMO Capital Markets raised their target price on shares of PQ Group from $21.00 to $22.00 and gave the company an “outperform” rating in a report on Friday, August 10th. Credit Suisse Group raised their target price on shares of PQ Group from $21.00 to $22.00 and gave the company an “outperform” rating in a report on Friday, August 10th. JPMorgan Chase & Co. upgraded shares of PQ Group from a “neutral” rating to an “overweight” rating in a report on Thursday, May 31st. Zacks Investment Research upgraded shares of PQ Group from a “strong sell” rating to a “hold” rating in a report on Saturday, May 19th. Finally, Citigroup raised their target price on shares of PQ Group from $18.00 to $22.00 and gave the company a “buy” rating in a report on Wednesday, July 11th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. PQ Group has an average rating of “Buy” and an average price target of $20.23.

About PQ Group

PQ Group Holdings Inc provides catalysts, specialty materials and chemicals, and services in the United States, the Netherlands, the United Kingdom, and internationally. The company operates in two segments, Environmental Catalysts and Services; and Performance Materials and Chemicals. It primarily offers refinery catalysts, emissions control catalysts, and catalyst recycling services for fuels and emission controls use; silica gels for edible oil and beer clarification; precipitated silicas and zeolites for the surface coating, dentifrice, and dishwasher and laundry detergent applications; reflective markings for roadways and airports; and hollow glass beads or microspheres for cement additive, metal finishing, and oil well cement uses.

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