During the recent session, Albemarle Corp (NYSE:ALB)’s traded shares were 0.78 million, with the beta value of the company hitting 1.62. At the last check today, the stock’s price was $56.22, reflecting an intraday loss of -2.21% or -$1.27. The 52-week high for the ALB share is $125.94, that puts it down -124.01 from that peak though still a striking 12.08% gain since the share price plummeted to a 52-week low of $49.43. The company’s market capitalization is $6.61B, and the average intraday trading volume over the past 10 days was 3.02 million shares, and the average trade volume was 3.33 million shares over the past three months.
Albemarle Corp (ALB) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.59. ALB has a Sell rating from 2 analyst(s) out of 19 analysts who have looked at this stock. 6 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 11 recommend a Buy rating for it.
Albemarle Corp (NYSE:ALB) trade information
Albemarle Corp (ALB) registered a -2.21% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -2.21% in intraday trading to $56.22, hitting a weekly high. The stock’s 5-day price performance is -2.97%, and it has moved by -3.98% in 30 days. Based on these gigs, the overall price performance for the year is -56.00%. The short interest in Albemarle Corp (NYSE:ALB) is 18.83 million shares and it means that shorts have 5.59 day(s) to cover.
The consensus price target of analysts on Wall Street is $68, which implies an increase of 17.32% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $68 and $85 respectively. As a result, ALB is trading at a discount of -51.19% off the target high and -20.95% off the low.
While earnings are projected to return 37.75% in 2025.
ALB Dividends
Albemarle Corp is due to release its next quarterly earnings on 2025-Apr-29. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Albemarle Corp is 1.62, with the dividend yield indicating at 2.87 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 1.14%.
Albemarle Corp (NYSE:ALB)’s Major holders
Albemarle Corp insiders own 0.41% of total outstanding shares while institutional holders control 98.41%, with the float percentage being 98.81%. VANGUARD GROUP INC is the largest shareholder of the company, while 1129.0 institutions own stock in it. As of 2024-06-30, the company held over 14.31 million shares (or 12.1776% of all shares), a total value of $1.37 billion in shares.
The next largest institutional holding, with 9.96 million shares, is of BLACKROCK INC.’s that is approximately 8.4776% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $951.72 million.
Also, the Mutual Funds coming in first place with the largest holdings of Albemarle Corp (ALB) shares are AMERICAN BALANCED FUND and GROWTH FUND OF AMERICA . Data provided on Mar 31, 2025 indicates that AMERICAN BALANCED FUND owns about 4.19 shares. This amounts to just over 3.56 percent of the company’s overall shares, with a $235.5 million market value. The same data shows that the other fund manager holds slightly less at 3.99, or about 3.39% of the stock, which is worth about $224.23 million.
