Paul Ferrall Sells 53,323 Shares of PQ Group Holdings Inc (PQG) Stock

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PQ Group Holdings Inc (NYSE:PQG) insider Paul Ferrall sold 53,323 shares of the firm’s stock in a transaction dated Wednesday, September 19th. The stock was sold at an average price of $17.87, for a total value of $952,882.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Paul Ferrall also recently made the following trade(s):

  • On Monday, September 17th, Paul Ferrall sold 24,592 shares of PQ Group stock. The stock was sold at an average price of $17.84, for a total value of $438,721.28.
  • On Tuesday, September 11th, Paul Ferrall sold 4,739 shares of PQ Group stock. The stock was sold at an average price of $17.92, for a total value of $84,922.88.
  • On Wednesday, August 29th, Paul Ferrall sold 4,305 shares of PQ Group stock. The stock was sold at an average price of $17.93, for a total value of $77,188.65.

PQG stock traded up $0.11 during trading on Friday, hitting $15.71. 215,227 shares of the company traded hands, compared to its average volume of 215,823. The company has a current ratio of 2.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.34. PQ Group Holdings Inc has a 1 year low of $12.88 and a 1 year high of $18.69. The stock has a market cap of $2.36 billion and a P/E ratio of 34.15.

PQ Group (NYSE:PQG) last issued its quarterly earnings data on Thursday, August 9th. The company reported $0.28 EPS for the quarter, meeting the consensus estimate of $0.28. PQ Group had a return on equity of 5.97% and a net margin of 5.00%. The company had revenue of $434.70 million for the quarter, compared to analyst estimates of $420.44 million. PQ Group’s revenue was up 11.7% on a year-over-year basis. On average, research analysts predict that PQ Group Holdings Inc will post 0.86 earnings per share for the current fiscal year.

Several research analysts have recently issued reports on PQG shares. JPMorgan Chase & Co. cut PQ Group from an “overweight” rating to a “neutral” rating in a research note on Friday, August 10th. Credit Suisse Group lifted their price target on PQ Group from $21.00 to $22.00 and gave the company an “outperform” rating in a research report on Friday, August 10th. BMO Capital Markets lifted their price target on PQ Group from $21.00 to $22.00 and gave the company an “outperform” rating in a research report on Friday, August 10th. Nomura lifted their price target on PQ Group from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Friday, August 10th. Finally, Citigroup lifted their price target on PQ Group from $18.00 to $22.00 and gave the company a “buy” rating in a research report on Wednesday, July 11th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $20.23.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Rhumbline Advisers grew its holdings in PQ Group by 31.9% in the first quarter. Rhumbline Advisers now owns 25,555 shares of the company’s stock valued at $357,000 after purchasing an additional 6,185 shares during the period. Northern Trust Corp grew its holdings in PQ Group by 2.8% in the first quarter. Northern Trust Corp now owns 307,577 shares of the company’s stock valued at $4,297,000 after purchasing an additional 8,469 shares during the period. Commonwealth Equity Services LLC acquired a new stake in shares of PQ Group in the first quarter worth approximately $139,000. Voya Investment Management LLC acquired a new stake in shares of PQ Group in the second quarter worth approximately $197,000. Finally, Federated Investors Inc. PA boosted its stake in shares of PQ Group by 2.5% in the second quarter. Federated Investors Inc. PA now owns 557,055 shares of the company’s stock worth $10,027,000 after acquiring an additional 13,790 shares during the last quarter. 69.22% of the stock is currently owned by institutional investors.

PQ Group Company Profile

PQ Group Holdings Inc provides catalysts, specialty materials and chemicals, and services in the United States, the Netherlands, the United Kingdom, and internationally. The company operates in two segments, Environmental Catalysts and Services; and Performance Materials and Chemicals. It primarily offers refinery catalysts, emissions control catalysts, and catalyst recycling services for fuels and emission controls use; silica gels for edible oil and beer clarification; precipitated silicas and zeolites for the surface coating, dentifrice, and dishwasher and laundry detergent applications; reflective markings for roadways and airports; and hollow glass beads or microspheres for cement additive, metal finishing, and oil well cement uses.

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