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Assetmark Inc. and Trust Co. of Vermont significantly increased their stakes in Albemarle, with increases of 340.6% and 606.5%, respectively, during the fourth quarter. Institutional investors own 92.87% of the company, which specializes in engineered specialty chemicals, particularly in the energy storage sector. Despite recent price target reductions by various analysts, the stock maintains a consensus "Hold" rating.
UBS has lowered its price target on Albemarle Corporation to $86 from $99 while maintaining a neutral rating. Albemarle is a leading manufacturer of specialty chemicals, with a product focus on lithium and polymer solutions (73.6%), bromine (15.4%), and catalysts (11%), and exports making up 90.3% of net sales.
Albemarle Corporation is a leading global manufacturer of specialty chemicals, with a diverse product range utilized in various sectors including oil refining, energy storage, and pharmaceuticals. The company's sales are predominantly driven by lithium and polymer solutions, accounting for 73.6% of total sales, while 90.3% of its revenue is generated outside France.
Albemarle Corporation (NYSE:ALB) ranks among UBS" bottom quant stocks as investors assess Q3 earnings amid the US presidential election. Notably, a leading software firm and a major social media company both reported earnings that beat estimates, yet their shares fell due to weak future guidance. The software company’s revenue reached $65.59 billion, while the social media firm posted $40.59 billion, but both faced declines in stock prices following their reports.
The U.S. bromine market, valued at $661.5 million in 2023, is projected to grow at a CAGR of 4.2%, reaching $998.6 million by 2033. Key applications include flame retardants, hydrogen bromide, and water treatment, with significant contributions from the pharmaceutical industry and energy sectors. Regulatory challenges and environmental concerns are shaping the industry's landscape, prompting a shift towards sustainable practices.
Albemarle Corp. plans to reduce its global workforce by 6%-7% in response to declining lithium prices and slowing demand. The cuts will impact approximately 15% of its non-manufacturing staff, as the company seeks to lower costs amid a challenging market.
Albemarle Corporation
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institutional investors significantly increase stakes in albemarle amid mixed analyst ratings
16:13 14.02.2025
ubs lowers albemarle price target to 86 maintains neutral rating
16:00 13.02.2025
albemarle corporation maintains strong position in specialty chemicals market
01:27 20.11.2024
albemarle corporation ranks among bottom quant stocks amid earnings season challenges
16:11 16.11.2024
US Bromine Market Growth Driven by Flame Retardants and Sustainable Innovations
06:04 08.11.2024
albemarle plans workforce reduction amid declining lithium prices and demand
23:43 06.11.2024
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