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Friday, September 29, 2023

Value Investing Philosophy And Albemarle Corporation (NYSE: ALB)?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Albemarle Corporation (ALB) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.92, or -0.46%, to $199.34. The Albemarle Corporation has recorded 30,228 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Albemarle confirms non-binding agreement to acquire Liontown.

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Stocks Info

ALB belongs to the Basic Materials sector of the NYSE while operating in the Specialty Chemicals industry. At the end of the last regular session, the stock closed at $200.26 and fluctuated between $202.04 as its day high and $198.60 as its day low. The current market capitalization of Albemarle Corporation is $23.32B. A total of 1.16 million shares were traded on the day, compared to an average of 1.78M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, ALB has seen 6 BUY and 0 SELL insider trades, representing the acquisition of 4,500 and the disposition of 0 shares. Over the last 12 months, there were 54 BUYs and 53 SELLs from insiders. Insiders purchased 189,473 shares during that period but sold 102,957.

In the most recent transaction, Norris Eric bought 1,260 shares of ALB for 195.49 per share on May 10. After the transaction, the President, Energy Storage now owns 26,596 company shares. In a previous transaction on May 05, Masters J Kent bought 5,470 shares at 181.64 per share. ALB shares that Chairman & CEO owns now total 51,466.

Among the insiders who bought shares, Coleman Kristin M. acquired of 1,373 shares on May 05 at a per-share price of $182.00. This resulted in the EVP, General Counsel holding 1,373 shares of ALB after the transaction. In another insider transaction, Tozier Scott sold 5,700 shares at $251.40 per share on Mar 03. Company shares held by the EVP & CFO now total 69,503.


Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Albemarle Corporation pays an annual dividend of $1.60, resulting in a dividend yield of 0.80%, and it has a price to earnings (P/E) ratio of 6.02. ALB’s most recent ex-dividend date was 9/14/2023 when it declared a $0.40 quarterly dividend that was paid in cash on 10/2/2023. Previously, the company paid the dividend on 7/3/2023 with an ex-dividend date of 6/15/2023. The ALB stock dividend was $0.40 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for ALB in the last 3 months, the mean price target is $264.16 with high estimates of $344.00 and low estimates of $155.00. In terms of 52-week highs and lows, ALB has a high of $334.55 and a low of $171.82.

As of this writing, ALB has an earnings estimate of $3.86 per share for the current quarter. EPS was calculated based on a consensus of 19 estimates, with a high estimate of $5.29 per share and a lower estimate of $2.23. The company reported an EPS of $10.32 in the last quarter, which was 46.80% higher than expectations of $7.03.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. ALB’s latest balance sheet shows that the firm has $439.27M in Cash & Short Term Investments as of fiscal 2021. There were $2.39B in debt and $1.87B in liabilities at the time. Its Book Value Per Share was $83.65, while its Total Shareholder’s Equity was $5.81B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ALB is Buy with a score of 4.44.

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