Glatfelter (NYSE:GLT) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a report issued on Thursday, November 2nd.
A number of other equities analysts have also weighed in on GLT. Zacks Investment Research lowered shares of Glatfelter from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 3rd. BidaskClub lowered shares of Glatfelter from a “hold” rating to a “sell” rating in a research report on Friday, August 25th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $21.25.
Glatfelter (GLT) traded up $0.13 during mid-day trading on Thursday, hitting $20.20. 158,542 shares of the stock were exchanged, compared to its average volume of 169,732. The stock has a market capitalization of $866.93, a PE ratio of 16.17, a P/E/G ratio of 3.52 and a beta of 1.39. The company has a quick ratio of 0.94, a current ratio of 1.70 and a debt-to-equity ratio of 0.65. Glatfelter has a twelve month low of $16.53 and a twelve month high of $25.59.
Glatfelter (NYSE:GLT) last posted its quarterly earnings results on Tuesday, October 31st. The basic materials company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.11. The firm had revenue of $413.00 million for the quarter, compared to analyst estimates of $402.74 million. Glatfelter had a net margin of 0.11% and a return on equity of 7.96%. Glatfelter’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.54 earnings per share. equities research analysts expect that Glatfelter will post 1.13 earnings per share for the current year.
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In other Glatfelter news, EVP John P. Jacunski sold 6,674 shares of the business’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $20.85, for a total value of $139,152.90. Following the transaction, the executive vice president now directly owns 57,464 shares in the company, valued at approximately $1,198,124.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.30% of the company’s stock.
A number of large investors have recently bought and sold shares of the business. BlackRock Inc. boosted its holdings in Glatfelter by 47,120.4% in the 1st quarter. BlackRock Inc. now owns 5,571,062 shares of the basic materials company’s stock valued at $121,116,000 after purchasing an additional 5,559,264 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Glatfelter by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 4,069,825 shares of the basic materials company’s stock valued at $79,524,000 after purchasing an additional 74,857 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its holdings in Glatfelter by 0.6% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 3,070,766 shares of the basic materials company’s stock valued at $59,726,000 after purchasing an additional 17,450 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Glatfelter by 59.2% in the 3rd quarter. Victory Capital Management Inc. now owns 2,380,125 shares of the basic materials company’s stock valued at $46,293,000 after purchasing an additional 885,345 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in Glatfelter by 3.6% in the 2nd quarter. Northern Trust Corp now owns 1,481,567 shares of the basic materials company’s stock valued at $28,950,000 after purchasing an additional 51,067 shares during the last quarter. Institutional investors own 90.00% of the company’s stock.
P. H. Glatfelter Company is a manufacturer of specialty papers and fiber-based engineered materials. The Company operates through three business units: Composite Fibers, Advanced Airlaid Materials and Specialty Papers. Its Composite Fibers business unit is engaged in the sale of single-serve tea and coffee filtration papers, non-woven wallcovering materials, metallized papers, composite laminates papers, and various technically special papers, including substrates for electrical applications.
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