Truist Securities Initiates Coverage of Albemarle (WBAG:ALBE) with Hold Recommendation

Fintel reports that on January 28, 2025, Truist Securities initiated coverage of Albemarle (WBAG:ALBE) with a Hold recommendation.

What is the Fund Sentiment?

There are 1,409 funds or institutions reporting positions in Albemarle. This is an decrease of 57 owner(s) or 3.89% in the last quarter. Average portfolio weight of all funds dedicated to ALBE is 0.16%, an increase of 1.47%. Total shares owned by institutions decreased in the last three months by 0.21% to 126,711K shares.

What are Other Shareholders Doing?

AT:ALBE / Albemarle Corporation Shares Held by Institutions

Capital World Investors holds 6,398K shares representing 5.44% ownership of the company. In its prior filing, the firm reported owning 375K shares , representing an increase of 94.14%. The firm increased its portfolio allocation in ALBE by 1,509.92% over the last quarter.

AGTHX - GROWTH FUND OF AMERICA holds 4,000K shares representing 3.40% ownership of the company. In its prior filing, the firm reported owning 2,000K shares , representing an increase of 50.00%. The firm increased its portfolio allocation in ALBE by 121.90% over the last quarter.

Primecap Management holds 3,834K shares representing 3.26% ownership of the company. In its prior filing, the firm reported owning 3,813K shares , representing an increase of 0.55%. The firm increased its portfolio allocation in ALBE by 1.25% over the last quarter.

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 3,718K shares representing 3.16% ownership of the company. In its prior filing, the firm reported owning 3,693K shares , representing an increase of 0.69%. The firm decreased its portfolio allocation in ALBE by 6.23% over the last quarter.

VFINX - Vanguard 500 Index Fund Investor Shares holds 3,078K shares representing 2.62% ownership of the company. In its prior filing, the firm reported owning 3,018K shares , representing an increase of 1.94%. The firm decreased its portfolio allocation in ALBE by 6.95% over the last quarter.

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This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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