Shares of PQ Group Holdings Inc (NYSE:PQG) have received a consensus rating of “Buy” from the six ratings firms that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $21.00.
Separately, Zacks Investment Research downgraded shares of PQ Group from a “buy” rating to a “hold” rating in a research report on Friday, July 12th.
In other PQ Group news, insider Ray Kolberg sold 12,077 shares of the stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $15.87, for a total value of $191,661.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.60% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its holdings in PQ Group by 65.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 656,680 shares of the company’s stock valued at $9,726,000 after buying an additional 259,078 shares during the period. LGT Capital Partners LTD. boosted its stake in shares of PQ Group by 86.9% in the 1st quarter. LGT Capital Partners LTD. now owns 157,000 shares of the company’s stock valued at $2,382,000 after purchasing an additional 73,000 shares in the last quarter. BlackRock Inc. boosted its stake in shares of PQ Group by 2.3% in the 4th quarter. BlackRock Inc. now owns 2,491,710 shares of the company’s stock valued at $36,903,000 after purchasing an additional 55,150 shares in the last quarter. Boston Partners boosted its stake in shares of PQ Group by 2.3% in the 1st quarter. Boston Partners now owns 2,186,449 shares of the company’s stock valued at $33,168,000 after purchasing an additional 49,885 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of PQ Group by 10.1% in the 4th quarter. Geode Capital Management LLC now owns 394,581 shares of the company’s stock valued at $5,843,000 after purchasing an additional 36,313 shares in the last quarter. 68.86% of the stock is currently owned by hedge funds and other institutional investors.
Shares of PQG stock opened at $15.59 on Friday. The stock’s fifty day moving average is $15.92. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.17 and a quick ratio of 1.09. PQ Group has a 12-month low of $13.28 and a 12-month high of $18.54. The company has a market capitalization of $2.12 billion, a P/E ratio of 18.63, a price-to-earnings-growth ratio of 1.20 and a beta of 0.68.
PQ Group (NYSE:PQG) last issued its quarterly earnings data on Thursday, May 9th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.01. PQ Group had a net margin of 3.83% and a return on equity of 6.82%. The company had revenue of $359.20 million during the quarter, compared to the consensus estimate of $367.89 million. During the same quarter in the prior year, the firm earned $0.16 earnings per share. The firm’s revenue was down 1.9% compared to the same quarter last year. As a group, sell-side analysts predict that PQ Group will post 0.81 earnings per share for the current fiscal year.
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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