KMG Chemicals, Inc. (NYSE:KMG) Holdings Raised by Teachers Advisors LLC

Teachers Advisors LLC increased its position in shares of KMG Chemicals, Inc. (NYSE:KMG) by 38.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,325 shares of the specialty chemicals company’s stock after buying an additional 6,455 shares during the period. Teachers Advisors LLC owned about 0.15% of KMG Chemicals worth $1,541,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. increased its stake in shares of KMG Chemicals by 44.5% during the fourth quarter. BlackRock Inc. now owns 836,301 shares of the specialty chemicals company’s stock valued at $55,262,000 after buying an additional 257,589 shares during the period. Wells Fargo & Company MN increased its stake in shares of KMG Chemicals by 110.6% during the fourth quarter. Wells Fargo & Company MN now owns 658,289 shares of the specialty chemicals company’s stock valued at $43,500,000 after buying an additional 345,726 shares during the period. Renaissance Technologies LLC increased its stake in shares of KMG Chemicals by 22.4% during the fourth quarter. Renaissance Technologies LLC now owns 514,500 shares of the specialty chemicals company’s stock valued at $33,998,000 after buying an additional 94,300 shares during the period. Lazard Asset Management LLC purchased a new position in shares of KMG Chemicals during the fourth quarter valued at $26,227,000. Finally, Victory Capital Management Inc. increased its stake in shares of KMG Chemicals by 12,127.5% during the fourth quarter. Victory Capital Management Inc. now owns 345,549 shares of the specialty chemicals company’s stock valued at $22,834,000 after buying an additional 342,723 shares during the period. Hedge funds and other institutional investors own 80.92% of the company’s stock.

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KMG opened at $63.59 on Thursday. KMG Chemicals, Inc. has a 1 year low of $45.65 and a 1 year high of $70.60. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.89 and a current ratio of 2.95. The stock has a market capitalization of $977.07, a price-to-earnings ratio of 20.57 and a beta of 0.40.

KMG Chemicals (NYSE:KMG) last posted its earnings results on Thursday, March 8th. The specialty chemicals company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.32. The company had revenue of $113.90 million for the quarter, compared to analyst estimates of $112.57 million. KMG Chemicals had a return on equity of 15.69% and a net margin of 10.59%. The firm’s quarterly revenue was up 44.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.57 earnings per share. sell-side analysts predict that KMG Chemicals, Inc. will post 3.54 EPS for the current fiscal year.

Several research firms have issued reports on KMG. ValuEngine upgraded KMG Chemicals from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Zacks Investment Research lowered KMG Chemicals from a “buy” rating to a “hold” rating in a research note on Wednesday, February 14th. Finally, Goldman Sachs began coverage on KMG Chemicals in a research note on Monday, January 22nd. They issued a “neutral” rating and a $73.00 target price on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $73.67.

In other KMG Chemicals news, major shareholder David L. Hatcher sold 45,000 shares of the firm’s stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $61.73, for a total value of $2,777,850.00. Following the completion of the sale, the insider now owns 1,016,097 shares of the company’s stock, valued at $62,723,667.81. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder David L. Hatcher sold 15,000 shares of the firm’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $62.21, for a total value of $933,150.00. Following the completion of the sale, the insider now directly owns 1,016,097 shares of the company’s stock, valued at approximately $63,211,394.37. The disclosure for this sale can be found here. In the last three months, insiders sold 240,000 shares of company stock valued at $14,336,400. Corporate insiders own 6.10% of the company’s stock.

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KMG Chemicals Company 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.

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

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