Marietta Investment Partners Lifted Albemarle (ALB) Stake By $2.32 Million; Ufp Technologies (UFPT) Sentiment Is 2.56

November 15, 2017 - By Jacob Smith

UFP Technologies, Inc. is a designer and custom converter of foams, plastics, composites and natural fiber materials. The company has market cap of $191.87 million. The Firm is engaged in providing solutions to clients primarily within the medical, automotive, consumer, electronics, industrial, and aerospace and defense markets. It has a 24.14 P/E ratio. It converts these materials using laminating, molding, and fabricating manufacturing technologies.

Marietta Investment Partners Llc increased Albemarle Corp (ALB) stake by 90.72% reported in 2017Q2 SEC filing. Marietta Investment Partners Llc acquired 22,103 shares as Albemarle Corp (ALB)’s stock rose 20.02%. The Marietta Investment Partners Llc holds 46,468 shares with $4.90 million value, up from 24,365 last quarter. Albemarle Corp now has $15.21B valuation. The stock declined 1.27% or $1.75 reaching $135.9 on the news. About 4,799 shares traded. Albemarle Corporation (NYSE:ALB) has risen 45.60% since November 15, 2016 and is uptrending. It has outperformed by 28.90% the S&P500.

Among 20 analysts covering Albemarle Corporation (NYSE:ALB), 10 have Buy rating, 0 Sell and 10 Hold. Therefore 50% are positive. Albemarle Corporation had 59 analyst reports since August 7, 2015 according to SRatingsIntel. The stock has “Buy” rating by Deutsche Bank on Thursday, August 20. The firm has “Buy” rating by Deutsche Bank given on Friday, August 5. Citigroup upgraded the stock to “Buy” rating in Monday, November 2 report. The firm earned “Buy” rating on Wednesday, April 5 by Jefferies. The stock has “Outperform” rating by RBC Capital Markets on Thursday, February 23. The rating was initiated by Oppenheimer on Wednesday, August 16 with “Buy”. KeyBanc Capital Markets maintained Albemarle Corporation (NYSE:ALB) rating on Friday, September 1. KeyBanc Capital Markets has “Buy” rating and $125.0 target. The firm has “Neutral” rating by Robert W. Baird given on Monday, September 25. Jefferies maintained the shares of ALB in report on Monday, August 21 with “Buy” rating. The rating was maintained by Jefferies on Tuesday, December 29 with “Buy”.

Since June 19, 2017, it had 0 insider purchases, and 2 insider sales for $3.24 million activity. NARWOLD KAREN G sold 20,000 shares worth $2.16 million. $1.08 million worth of Albemarle Corporation (NYSE:ALB) was sold by Maine Douglas L.

Investors sentiment increased to 1.25 in Q2 2017. Its up 0.02, from 1.23 in 2017Q1. It is positive, as 32 investors sold ALB shares while 163 reduced holdings. 76 funds opened positions while 168 raised stakes. 90.94 million shares or 3.05% less from 93.80 million shares in 2017Q1 were reported. Envestnet Asset Mngmt reported 41,767 shares. Artisan Ptnrs Lp holds 0.14% or 731,690 shares in its portfolio. State Bank Of Nova Scotia reported 24,987 shares stake. Morgan Stanley stated it has 0.03% in Albemarle Corporation (NYSE:ALB). Laurion Lp has 0.02% invested in Albemarle Corporation (NYSE:ALB) for 32,900 shares. The New York-based Sg Americas Ltd Com has invested 0.01% in Albemarle Corporation (NYSE:ALB). Fdx Advsrs Inc invested in 15,124 shares. Huntington Retail Bank holds 0.01% or 4,813 shares in its portfolio. Acadian Asset Mngmt Ltd Liability has 0.01% invested in Albemarle Corporation (NYSE:ALB) for 21,746 shares. Advisory Lc stated it has 0.02% in Albemarle Corporation (NYSE:ALB). Toronto Dominion National Bank & Trust holds 37,565 shares. Eaton Vance Mgmt holds 0.03% or 93,204 shares in its portfolio. Glg Prns LP holds 2,732 shares. Commonwealth Equity Services Inc holds 0.01% of its portfolio in Albemarle Corporation (NYSE:ALB) for 16,323 shares. California Employees Retirement accumulated 232,696 shares.

Cove Street Capital Llc holds 1.96% of its portfolio in UFP Technologies, Inc. for 572,495 shares. Thomson Horstmann & Bryant Inc owns 445,876 shares or 1.63% of their US portfolio. Moreover, Ancora Advisors Llc has 0.59% invested in the company for 324,445 shares. The Minnesota-based Punch & Associates Investment Management Inc. has invested 0.51% in the stock. Cubic Asset Management Llc, a Massachusetts-based fund reported 42,999 shares.

It closed at $26.4 lastly. It is down 25.88% since November 15, 2016 and is uptrending. It has outperformed by 9.18% the S&P500.

Analysts await UFP Technologies, Inc. (NASDAQ:UFPT) to report earnings on March, 1. They expect $0.39 EPS, up 95.00% or $0.19 from last year’s $0.2 per share. UFPT’s profit will be $2.83 million for 16.92 P/E if the $0.39 EPS becomes a reality. After $0.23 actual EPS reported by UFP Technologies, Inc. for the previous quarter, Wall Street now forecasts 69.57% EPS growth.

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