$0.14 EPS Expected for The Descartes Systems Group (DSG); Blue Edge Capital Has Decreased Albemarle (ALB) Position

May 18, 2018 - By Linda Rogers

Albemarle Corporation (NYSE:ALB) Logo

Blue Edge Capital Llc decreased Albemarle Corp (ALB) stake by 8.69% reported in 2017Q4 SEC filing. Blue Edge Capital Llc sold 2,661 shares as Albemarle Corp (ALB)’s stock declined 27.74%. The Blue Edge Capital Llc holds 27,950 shares with $3.57 billion value, down from 30,611 last quarter. Albemarle Corp now has $11.61 billion valuation. The stock increased 2.39% or $2.45 during the last trading session, reaching $104.8. About 2.77 million shares traded or 35.08% up from the average. Albemarle Corporation (NYSE:ALB) has declined 10.68% since May 18, 2017 and is downtrending. It has underperformed by 22.23% the S&P500.

Analysts expect The Descartes Systems Group Inc (TSE:DSG) to report $0.14 EPS on May, 30 after the close.They anticipate $0.02 EPS change or 16.67% from last quarter’s $0.12 EPS. T_DSG’s profit would be $10.75 million giving it 69.54 P/E if the $0.14 EPS is correct. After having $0.11 EPS previously, The Descartes Systems Group Inc’s analysts see 27.27% EPS growth. The stock increased 0.10% or $0.04 during the last trading session, reaching $38.94. About 93,585 shares traded. The Descartes Systems Group Inc (TSE:DSG) has 0.00% since May 18, 2017 and is . It has underperformed by 11.55% the S&P500.

Among 23 analysts covering Albemarle Corporation (NYSE:ALB), 16 have Buy rating, 1 Sell and 6 Hold. Therefore 70% are positive. Albemarle Corporation has $160 highest and $52 lowest target. $118.20’s average target is 12.79% above currents $104.8 stock price. Albemarle Corporation had 78 analyst reports since August 7, 2015 according to SRatingsIntel. The rating was upgraded by SunTrust to “Buy” on Friday, August 7. The firm has “Buy” rating given on Thursday, November 9 by RBC Capital Markets. UBS upgraded the stock to “Buy” rating in Tuesday, January 30 report. On Thursday, July 13 the stock rating was maintained by RBC Capital Markets with “Buy”. The stock of Albemarle Corporation (NYSE:ALB) has “Buy” rating given on Thursday, May 12 by Deutsche Bank. As per Thursday, March 1, the company rating was maintained by KeyBanc Capital Markets. UBS maintained the stock with “Neutral” rating in Thursday, August 4 report. The firm earned “Buy” rating on Monday, September 18 by RBC Capital Markets. Robert W. Baird downgraded the shares of ALB in report on Monday, September 25 to “Neutral” rating. Nomura maintained Albemarle Corporation (NYSE:ALB) on Tuesday, October 10 with “Buy” rating.

Analysts await Albemarle Corporation (NYSE:ALB) to report earnings on August, 6. They expect $1.22 EPS, up 7.96% or $0.09 from last year’s $1.13 per share. ALB’s profit will be $135.13 million for 21.48 P/E if the $1.22 EPS becomes a reality. After $1.30 actual EPS reported by Albemarle Corporation for the previous quarter, Wall Street now forecasts -6.15% negative EPS growth.

More recent Albemarle Corporation (NYSE:ALB) news were published by: Seekingalpha.com which released: “Albemarle Corporation 2018 Q1 – Results – Earnings Call Slides” on May 10, 2018. Also Foxbusiness.com published the news titled: “FMC Lithium IPO and Spinoff: Here’s What Investors Should Know” on May 17, 2018. Investorplace.com‘s news article titled: “Albemarle Corporation Stock Is a Great Tesla Alternative” with publication date: May 14, 2018 was also an interesting one.

Blue Edge Capital Llc increased Johnson & Johnson (NYSE:JNJ) stake by 2,503 shares to 10,985 valued at $1.53 billion in 2017Q4. It also upped Ishares Msci Acwi Ex Us (ACWX) stake by 22 shares and now owns 5,197 shares. Ishares S&P Us Preferred Stock (PFF) was raised too.

Investors sentiment decreased to 1.01 in 2017 Q4. Its down 0.12, from 1.13 in 2017Q3. It fall, as 42 investors sold ALB shares while 182 reduced holdings. 82 funds opened positions while 144 raised stakes. 92.86 million shares or 2.44% less from 95.18 million shares in 2017Q3 were reported. Moreover, Citadel Advsrs Lc has 0.01% invested in Albemarle Corporation (NYSE:ALB). Fincl Bank Of Montreal Can holds 0.01% in Albemarle Corporation (NYSE:ALB) or 55,646 shares. 53,300 are owned by Amp Capital Invsts Limited. Susquehanna Intll Group Inc Llp owns 120,137 shares. Gabelli Funds has 100,500 shares. Meiji Yasuda Life invested 0.13% in Albemarle Corporation (NYSE:ALB). Northern Tru Corporation has invested 0.04% in Albemarle Corporation (NYSE:ALB). Mai Management reported 1,647 shares. Baillie Gifford And holds 192,411 shares or 0.03% of its portfolio. 2,010 are owned by Zacks Inv Mngmt. Scout invested in 207,126 shares or 0.65% of the stock. Qs Limited Liability Com reported 0% stake. Cap Fund Mngmt invested in 6,581 shares or 0% of the stock. Moreover, Kentucky Retirement Ins Tru Fund has 0.06% invested in Albemarle Corporation (NYSE:ALB). Envestnet Asset Mgmt Inc holds 23,357 shares.

Albemarle Corporation (NYSE:ALB) Institutional Positions Chart

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