In recent trading session, Albemarle Corp (NYSE:ALB) saw 2.16 million shares changing hands at last check today with its beta currently measuring 1.64. Company’s recent per share price level of $77.2 trading at $1.46 or 1.93% at last check today assigns it a market valuation of $9.08B. That most recent trading price of ALB’s stock is at a discount of -47.55% from its 52-week high price of $113.91 and is indicating a premium of 35.97% from its 52-week low price of $49.43. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 3.99 million shares which gives us an average trading volume of 3.60 million if we extend that period to 3-months.
For Albemarle Corp (ALB), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.59. Splitting up the data highlights that, out of 19 analysts covering the stock, 2 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 6 suggested the stock as a Hold whereas 11 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.
Albemarle Corp (NYSE:ALB) trade information
Albemarle Corp’s shares saw a change of -20.99% in year-to-date performance and have moved 8.76% in past 5-day. Albemarle Corp (NYSE:ALB) showed a performance of 29.33% in past 30-days. Number of shares sold short was 18.7 million shares which calculate 5.36 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 68 to the stock, which implies a fall of -13.53% to its recent value today. Analysts have been projecting 57 as a low price target for the stock while placing it at a high target of 76. It follows that stock’s current price would jump 26.17% in reaching the projected high whereas dropping to the targeted low would mean a gain of 26.17% for stock’s current value.
ALB Dividends
Albemarle Corp is more likely to be releasing its next quarterly report on 2025-Apr-30 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 2.10%, the share has a forward dividend of 1.62 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 1.17%.
Albemarle Corp (NYSE:ALB)’s Major holders
Insiders are in possession of 0.40% of company’s total shares while institution are holding 98.37 percent of that, with stock having share float percentage of 98.77%. Investors also watch the number of corporate investors in a company very closely, which is 98.37% institutions for Albemarle Corp that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at ALB for having 14.31 million shares of worth $1.37 billion. And as of 2024-06-30, it was holding 12.1776 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 9.96 million shares on 2024-06-30. The number of shares represents firm’s hold over 8.4776 of outstanding shares, having a total worth of $951.72 million.
On the other hand, AMERICAN BALANCED FUND and GROWTH FUND OF AMERICA are the top two Mutual Funds which own company’s shares. As of Mar 31, 2025 , the former fund manager was holding 4.19 shares of worth $323.67 million or 3.56% of the total outstanding shares. The later fund manager was in possession of 3.99 shares on Mar 31, 2025 , making its stake of worth around $308.16 million in the company or a holder of 3.39% of company’s stock.
