Westlake Chemical Co. (NYSE:WLK) Holdings Reduced by Man Group plc

Man Group plc decreased its stake in Westlake Chemical Co. (NYSE:WLK) by 25.1% during the third quarter, according to its most recent disclosure …

Westlake Chemical logoMan Group plc decreased its stake in Westlake Chemical Co. (NYSE:WLK) by 25.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 45,619 shares of the specialty chemicals company’s stock after selling 15,293 shares during the quarter. Man Group plc’s holdings in Westlake Chemical were worth $3,791,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of WLK. Flagship Harbor Advisors LLC purchased a new stake in shares of Westlake Chemical in the second quarter valued at approximately $130,000. Korea Investment CORP purchased a new position in Westlake Chemical in the second quarter worth approximately $194,000. Standard Life Aberdeen plc purchased a new position in Westlake Chemical in the second quarter worth approximately $226,000. Twin Tree Management LP purchased a new position in Westlake Chemical in the third quarter worth approximately $181,000. Finally, Metropolitan Life Insurance Co. NY grew its position in Westlake Chemical by 47.5% in the second quarter. Metropolitan Life Insurance Co. NY now owns 2,721 shares of the specialty chemicals company’s stock worth $293,000 after acquiring an additional 876 shares during the period. Hedge funds and other institutional investors own 29.54% of the company’s stock.

WLK traded up $2.32 during trading on Friday, reaching $77.83. The company’s stock had a trading volume of 960,038 shares, compared to its average volume of 731,133. Westlake Chemical Co. has a 52-week low of $59.78 and a 52-week high of $124.29. The firm has a market capitalization of $10.05 billion, a PE ratio of 14.23, a P/E/G ratio of 0.70 and a beta of 1.47. The company has a current ratio of 2.31, a quick ratio of 1.59 and a debt-to-equity ratio of 0.44.

Westlake Chemical (NYSE:WLK) last posted its quarterly earnings results on Tuesday, November 6th. The specialty chemicals company reported $2.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.24 by $0.11. Westlake Chemical had a net margin of 19.36% and a return on equity of 19.75%. The company had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same period last year, the firm earned $1.61 EPS. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. On average, sell-side analysts predict that Westlake Chemical Co. will post 8.57 EPS for the current year.

Several research analysts recently weighed in on the company. Zacks Investment Research upgraded Westlake Chemical from a “sell” rating to a “hold” rating in a research report on Saturday, December 1st. ValuEngine upgraded Westlake Chemical from a “strong sell” rating to a “sell” rating in a research note on Wednesday, January 9th. Alembic Global Advisors reiterated a “buy” rating on shares of Westlake Chemical in a research report on Monday, November 26th. SunTrust Banks reissued a “positive” rating and set a $81.00 price target on shares of Westlake Chemical in a report on Thursday, November 15th. Finally, BMO Capital Markets set a $94.00 price target on Westlake Chemical and gave the stock a “hold” rating in a report on Thursday, November 8th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the stock. Westlake Chemical has a consensus rating of “Hold” and an average target price of $106.19.

In related news, CEO Albert Chao sold 24,509 shares of Westlake Chemical stock in a transaction that occurred on Thursday, November 15th. The stock was sold at an average price of $71.20, for a total transaction of $1,745,040.80. Following the completion of the transaction, the chief executive officer now directly owns 337,013 shares in the company, valued at approximately $23,995,325.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 72.00% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Westlake Chemical Co. (NYSE:WLK) Holdings Reduced by Man Group plc” was reported by Fairfield Current and is the sole property of of Fairfield Current. If you are accessing this story on another website, it was stolen and reposted in violation of U.S. & international copyright legislation. The legal version of this story can be viewed at https://www.fairfieldcurrent.com/news/2019/01/21/man-group-plc-lowers-position-in-westlake-chemical-co-wlk.html.

Westlake Chemical Profile

Westlake Chemical Corporation manufactures and markets basic chemicals, vinyls, polymers, and building products primarily in North America and Europe. It operates through two segments, Olefins and Vinyls. The Olefins segment offers polyethylene, styrene monomers, and various ethylene co-products, as well as sells propylene, crude butadiene, pyrolysis gasoline, and hydrogen products.

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Institutional Ownership by Quarter for Westlake Chemical (NYSE:WLK)

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Westlake Chemical Co. (NYSE:WLK) Stake Lessened by Man Group plc

Man Group plc reduced its position in Westlake Chemical Co. (NYSE:WLK) by 25.1% in the 3rd quarter, according to its most recent filing with the SEC …

Westlake Chemical logoMan Group plc reduced its position in Westlake Chemical Co. (NYSE:WLK) by 25.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 45,619 shares of the specialty chemicals company’s stock after selling 15,293 shares during the period. Man Group plc’s holdings in Westlake Chemical were worth $3,791,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of WLK. Flagship Harbor Advisors LLC purchased a new position in shares of Westlake Chemical in the 2nd quarter worth $130,000. Korea Investment CORP purchased a new position in Westlake Chemical in the second quarter valued at about $194,000. Standard Life Aberdeen plc purchased a new position in Westlake Chemical in the second quarter valued at about $226,000. Twin Tree Management LP purchased a new position in Westlake Chemical in the third quarter valued at about $181,000. Finally, Metropolitan Life Insurance Co. NY raised its position in Westlake Chemical by 47.5% in the second quarter. Metropolitan Life Insurance Co. NY now owns 2,721 shares of the specialty chemicals company’s stock valued at $293,000 after purchasing an additional 876 shares during the period. 29.54% of the stock is owned by institutional investors and hedge funds.

NYSE WLK opened at $75.07 on Friday. The firm has a market capitalization of $9.73 billion, a price-to-earnings ratio of 13.72, a P/E/G ratio of 0.69 and a beta of 1.47. Westlake Chemical Co. has a 1 year low of $59.78 and a 1 year high of $124.29. The company has a current ratio of 2.31, a quick ratio of 1.59 and a debt-to-equity ratio of 0.44.

Westlake Chemical (NYSE:WLK) last posted its quarterly earnings results on Tuesday, November 6th. The specialty chemicals company reported $2.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.24 by $0.11. Westlake Chemical had a return on equity of 19.75% and a net margin of 19.36%. The company had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.24 billion. During the same quarter in the prior year, the company earned $1.61 earnings per share. The firm’s revenue was up 6.9% on a year-over-year basis. As a group, analysts anticipate that Westlake Chemical Co. will post 8.58 EPS for the current year.

In other Westlake Chemical news, CEO Albert Chao sold 24,509 shares of Westlake Chemical stock in a transaction that occurred on Thursday, November 15th. The shares were sold at an average price of $71.20, for a total transaction of $1,745,040.80. Following the transaction, the chief executive officer now directly owns 337,013 shares in the company, valued at approximately $23,995,325.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 72.00% of the company’s stock.

WLK has been the topic of several research reports. Deutsche Bank cut their price objective on Westlake Chemical from $115.00 to $105.00 and set a “buy” rating on the stock in a research report on Wednesday, September 26th. Zacks Investment Research upgraded Westlake Chemical from a “sell” rating to a “hold” rating in a research note on Saturday, December 1st. SunTrust Banks reiterated a “positive” rating and issued a $81.00 price target on shares of Westlake Chemical in a research note on Thursday, November 15th. BMO Capital Markets set a $94.00 price target on Westlake Chemical and gave the stock a “hold” rating in a research note on Thursday, November 8th. Finally, ValuEngine downgraded Westlake Chemical from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 3rd. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $107.12.

ILLEGAL ACTIVITY WARNING: “Westlake Chemical Co. (NYSE:WLK) Stake Lessened by Man Group plc” was originally published by Fairfield Current and is owned by of Fairfield Current. If you are viewing this story on another domain, it was stolen and reposted in violation of US & international copyright and trademark law. The legal version of this story can be read at https://www.fairfieldcurrent.com/news/2019/01/13/man-group-plc-lowers-position-in-westlake-chemical-co-wlk.html.

About Westlake Chemical

Westlake Chemical Corporation manufactures and markets basic chemicals, vinyls, polymers, and building products primarily in North America and Europe. It operates through two segments, Olefins and Vinyls. The Olefins segment offers polyethylene, styrene monomers, and various ethylene co-products, as well as sells propylene, crude butadiene, pyrolysis gasoline, and hydrogen products.

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Institutional Ownership by Quarter for Westlake Chemical (NYSE:WLK)

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Westlake Chemical Co. (NYSE:WLK) Shares Bought by AQR Capital Management LLC

AQR Capital Management LLC raised its position in Westlake Chemical Co. (NYSE:WLK) by 20.0% in the 3rd quarter, according to its most recent …

Westlake Chemical logoAQR Capital Management LLC raised its position in Westlake Chemical Co. (NYSE:WLK) by 20.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,853,189 shares of the specialty chemicals company’s stock after acquiring an additional 308,887 shares during the period. AQR Capital Management LLC owned approximately 1.43% of Westlake Chemical worth $154,018,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in WLK. Flagship Harbor Advisors LLC acquired a new stake in shares of Westlake Chemical during the 2nd quarter worth about $130,000. One Wealth Advisors LLC acquired a new position in Westlake Chemical during the third quarter valued at approximately $160,000. Twin Tree Management LP acquired a new position in Westlake Chemical during the third quarter valued at approximately $181,000. Korea Investment CORP acquired a new position in Westlake Chemical during the second quarter valued at approximately $194,000. Finally, Standard Life Aberdeen plc acquired a new position in Westlake Chemical during the second quarter valued at approximately $226,000. Institutional investors own 29.54% of the company’s stock.

WLK has been the topic of a number of recent research reports. Tudor Pickering cut shares of Westlake Chemical from a “buy” rating to a “hold” rating in a research report on Wednesday, September 19th. Morgan Stanley dropped their price objective on shares of Westlake Chemical from $120.00 to $96.00 and set a “hold” rating on the stock in a research note on Wednesday, September 26th. Deutsche Bank dropped their price objective on shares of Westlake Chemical from $115.00 to $105.00 and set a “buy” rating on the stock in a research note on Wednesday, September 26th. ValuEngine lowered shares of Westlake Chemical from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 3rd. Finally, Barclays initiated coverage on shares of Westlake Chemical in a research note on Monday, October 8th. They set an “overweight” rating and a $100.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company. Westlake Chemical has a consensus rating of “Hold” and an average target price of $107.12.

In other Westlake Chemical news, CEO Albert Chao sold 24,509 shares of the business’s stock in a transaction dated Thursday, November 15th. The stock was sold at an average price of $71.20, for a total transaction of $1,745,040.80. Following the sale, the chief executive officer now owns 337,013 shares in the company, valued at approximately $23,995,325.60. The transaction was disclosed in a filing with the SEC, which is available through this link. 72.00% of the stock is currently owned by insiders.

WLK stock traded down $0.67 during trading on Friday, hitting $75.07. The company had a trading volume of 646,600 shares, compared to its average volume of 1,056,813. The company has a market capitalization of $9.73 billion, a P/E ratio of 13.72, a PEG ratio of 0.69 and a beta of 1.47. Westlake Chemical Co. has a fifty-two week low of $59.78 and a fifty-two week high of $124.29. The company has a quick ratio of 1.59, a current ratio of 2.31 and a debt-to-equity ratio of 0.44.

Westlake Chemical (NYSE:WLK) last posted its quarterly earnings data on Tuesday, November 6th. The specialty chemicals company reported $2.35 earnings per share for the quarter, topping the consensus estimate of $2.24 by $0.11. Westlake Chemical had a net margin of 19.36% and a return on equity of 19.75%. The business had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter in the prior year, the company posted $1.61 earnings per share. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. Equities analysts anticipate that Westlake Chemical Co. will post 8.58 EPS for the current year.

WARNING: This article was first posted by Modern Readers and is owned by of Modern Readers. If you are reading this article on another publication, it was stolen and reposted in violation of US & international copyright and trademark laws. The original version of this article can be accessed at https://www.modernreaders.com/news/2019/01/11/aqr-capital-management-llc-purchases-308887-shares-of-westlake-chemical-co-wlk.html.

Westlake Chemical Company Profile

Westlake Chemical Corporation manufactures and markets basic chemicals, vinyls, polymers, and building products primarily in North America and Europe. It operates through two segments, Olefins and Vinyls. The Olefins segment offers polyethylene, styrene monomers, and various ethylene co-products, as well as sells propylene, crude butadiene, pyrolysis gasoline, and hydrogen products.

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Institutional Ownership by Quarter for Westlake Chemical (NYSE:WLK)

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Northern Technologies International (NTIC) Upgraded to Hold by ValuEngine

Finally, Quantum Capital Management increased its holdings in Northern Technologies International by 7.2% in the 2nd quarter. Quantum Capital …

Northern Technologies International Co. logoValuEngine upgraded shares of Northern Technologies International (NASDAQ:NTIC) from a sell rating to a hold rating in a research report report published on Wednesday, January 2nd.

NTIC stock opened at $27.24 on Wednesday. Northern Technologies International has a 12-month low of $19.55 and a 12-month high of $41.90. The stock has a market capitalization of $122.64 million, a P/E ratio of 19.05 and a beta of 1.28.

Northern Technologies International (NASDAQ:NTIC) last released its earnings results on Tuesday, January 8th. The specialty chemicals company reported $0.32 earnings per share for the quarter. Northern Technologies International had a net margin of 13.18% and a return on equity of 14.25%. The business had revenue of $14.09 million for the quarter. Equities research analysts anticipate that Northern Technologies International will post 2.05 earnings per share for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. O Shaughnessy Asset Management LLC raised its position in shares of Northern Technologies International by 70.0% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 6,439 shares of the specialty chemicals company’s stock valued at $223,000 after buying an additional 2,651 shares during the period. Manatuck Hill Partners LLC acquired a new stake in Northern Technologies International in the 2nd quarter valued at approximately $351,000. Granite Investment Partners LLC increased its holdings in Northern Technologies International by 13.5% in the 3rd quarter. Granite Investment Partners LLC now owns 13,449 shares of the specialty chemicals company’s stock valued at $467,000 after purchasing an additional 1,600 shares during the last quarter. FMR LLC acquired a new stake in Northern Technologies International in the 2nd quarter valued at approximately $1,096,000. Finally, Quantum Capital Management increased its holdings in Northern Technologies International by 7.2% in the 2nd quarter. Quantum Capital Management now owns 33,750 shares of the specialty chemicals company’s stock valued at $1,208,000 after purchasing an additional 2,256 shares during the last quarter. 29.80% of the stock is currently owned by institutional investors and hedge funds.

Northern Technologies International Company Profile

Northern Technologies International Corporation develops and markets rust and corrosion inhibiting products and services to automotive, electronics, electrical, mechanical, military, retail consumer, and oil and gas markets. It offers rust and corrosion inhibiting products, such as plastic and paper packaging, liquids and coatings, rust removers and cleaners, diffusers, and engineered solutions designed for the oil and gas industry under the ZERUST brand.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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Man Group plc Acquires New Position in KMG Chemicals, Inc. (KMG)

Man Group plc acquired a new position in KMG Chemicals, Inc. (NYSE:KMG) in the third quarter, according to its most recent Form 13F filing with the …

KMG Chemicals logoMan Group plc acquired a new position in KMG Chemicals, Inc. (NYSE:KMG) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 64,616 shares of the specialty chemicals company’s stock, valued at approximately $4,882,000. Man Group plc owned approximately 0.42% of KMG Chemicals at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Youngs Advisory Group Inc. increased its stake in shares of KMG Chemicals by 3.0% in the third quarter. Youngs Advisory Group Inc. now owns 32,013 shares of the specialty chemicals company’s stock worth $2,419,000 after purchasing an additional 936 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its stake in shares of KMG Chemicals by 24.7% in the second quarter. Metropolitan Life Insurance Co. NY now owns 5,300 shares of the specialty chemicals company’s stock worth $391,000 after purchasing an additional 1,049 shares in the last quarter. Swiss National Bank increased its stake in shares of KMG Chemicals by 9.0% in the second quarter. Swiss National Bank now owns 24,300 shares of the specialty chemicals company’s stock worth $1,793,000 after purchasing an additional 2,000 shares in the last quarter. Bank of America Corp DE increased its stake in shares of KMG Chemicals by 3.7% in the second quarter. Bank of America Corp DE now owns 60,324 shares of the specialty chemicals company’s stock worth $4,451,000 after purchasing an additional 2,175 shares in the last quarter. Finally, Tower Research Capital LLC TRC purchased a new stake in shares of KMG Chemicals in the third quarter worth $171,000. 83.98% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:KMG opened at $76.14 on Thursday. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.62 and a quick ratio of 1.71. KMG Chemicals, Inc. has a fifty-two week low of $50.67 and a fifty-two week high of $79.35. The firm has a market cap of $1.18 billion, a P/E ratio of 17.58, a P/E/G ratio of 0.58 and a beta of 0.48.

KMG Chemicals (NYSE:KMG) last issued its earnings results on Thursday, October 18th. The specialty chemicals company reported $1.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.98 by $0.28. KMG Chemicals had a net margin of 13.93% and a return on equity of 16.69%. Research analysts anticipate that KMG Chemicals, Inc. will post 4.64 earnings per share for the current year.

KMG has been the subject of a number of research reports. ValuEngine lowered shares of KMG Chemicals from a “buy” rating to a “hold” rating in a research report on Tuesday, October 2nd. Zacks Investment Research upgraded shares of KMG Chemicals from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a research report on Thursday, October 4th. Fraser Mackenzie restated a “buy” rating on shares of KMG Chemicals in a research report on Friday, November 2nd. Finally, Seaport Global Securities lowered shares of KMG Chemicals from a “buy” rating to a “neutral” rating in a research report on Friday, September 14th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $79.00.

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KMG Chemicals Profile

KMG Chemicals, Inc, through its subsidiaries, manufactures, formulates, and distributes specialty chemicals and performance materials worldwide. The company’s Electronic Chemicals segment is involved in the sale of high purity process chemicals primarily to etch and clean silicon wafers in the production of semiconductors, photovoltaics, and flat panel displays.

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Institutional Ownership by Quarter for KMG Chemicals (NYSE:KMG)

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