Quantamental Technologies LLC increased its stake in shares of GrafTech International Ltd (NYSE:EAF) by 46.9% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 6,610 shares of the company’s stock after acquiring an additional 2,110 shares during the quarter. Quantamental Technologies LLC’s holdings in GrafTech International were worth $85,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Bank of Montreal Can increased its stake in GrafTech International by 37.7% in the 1st quarter. Bank of Montreal Can now owns 211,942 shares of the company’s stock worth $2,710,000 after acquiring an additional 57,983 shares during the last quarter. Virginia Retirement Systems ET AL bought a new position in GrafTech International in the 1st quarter worth about $781,000. Investec Asset Management LTD increased its stake in GrafTech International by 22.8% in the 1st quarter. Investec Asset Management LTD now owns 392,065 shares of the company’s stock worth $5,015,000 after acquiring an additional 72,863 shares during the last quarter. Winfield Associates Inc. increased its stake in GrafTech International by 53.0% in the 1st quarter. Winfield Associates Inc. now owns 25,325 shares of the company’s stock worth $324,000 after acquiring an additional 8,775 shares during the last quarter. Finally, Meeder Asset Management Inc. increased its stake in GrafTech International by 1,111.6% in the 1st quarter. Meeder Asset Management Inc. now owns 6,603 shares of the company’s stock worth $85,000 after acquiring an additional 6,058 shares during the last quarter.
Shares of GrafTech International stock opened at $12.11 on Friday. The stock has a market cap of $3.51 billion and a PE ratio of 4.28. GrafTech International Ltd has a 12 month low of $10.27 and a 12 month high of $24.36.
GrafTech International (NYSE:EAF) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.62 by $0.06. The firm had revenue of $474.99 million for the quarter, compared to analyst estimates of $472.36 million. GrafTech International had a negative return on equity of 83.18% and a net margin of 43.15%. The company’s revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.74 EPS. On average, sell-side analysts anticipate that GrafTech International Ltd will post 2.8 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 31st will be given a dividend of $0.085 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $0.34 annualized dividend and a dividend yield of 2.81%. GrafTech International’s dividend payout ratio (DPR) is presently 11.85%.
A number of brokerages have weighed in on EAF. Zacks Investment Research lowered GrafTech International from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 13th. Citigroup reduced their price objective on GrafTech International from $21.00 to $17.00 and set a “buy” rating on the stock in a research report on Monday, April 1st. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $23.70.
GrafTech International Profile
GrafTech International Ltd. researches, develops, manufactures, and sells graphite and carbon based products worldwide. It offers graphite electrodes, which requires for the production of electric arc furnace steel, ferrous, and non-ferrous metals; and petroleum needle coke, a crystalline form of carbon used in the production of graphite electrodes.
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