Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Ferro Co. (NYSE:FOE) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 13,675 shares of the specialty chemicals company’s stock, valued at approximately $259,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. LS Investment Advisors LLC acquired a new position in Ferro in the 1st quarter valued at $47,000. NumerixS Investment Technologies Inc acquired a new position in Ferro in the 4th quarter valued at $49,000. Quantamental Technologies LLC acquired a new position in Ferro in the 1st quarter valued at $132,000. Prudential Financial Inc. increased its stake in Ferro by 8.1% in the 4th quarter. Prudential Financial Inc. now owns 10,480 shares of the specialty chemicals company’s stock valued at $164,000 after buying an additional 785 shares during the period. Finally, Great West Life Assurance Co. Can increased its stake in Ferro by 37.2% in the 4th quarter. Great West Life Assurance Co. Can now owns 10,823 shares of the specialty chemicals company’s stock valued at $164,000 after buying an additional 2,932 shares during the period. 97.67% of the stock is currently owned by institutional investors.

In other Ferro news, CEO Peter T. Thomas acquired 17,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were acquired at an average cost of $15.92 per share, for a total transaction of $270,640.00. Following the transaction, the chief executive officer now directly owns 677,956 shares of the company’s stock, valued at $10,793,059.52. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Benjamin Schlater sold 7,419 shares of the business’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $20.83, for a total transaction of $154,537.77. Following the completion of the sale, the chief financial officer now owns 33,107 shares in the company, valued at $689,618.81. The disclosure for this sale can be found here. Insiders purchased a total of 24,500 shares of company stock worth $387,490 over the last quarter. Insiders own 2.71% of the company’s stock.

Shares of NYSE FOE opened at $13.64 on Tuesday. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of 9.96, a P/E/G ratio of 1.03 and a beta of 1.87. Ferro Co. has a one year low of $13.52 and a one year high of $23.88. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.47 and a current ratio of 2.55.

Ferro (NYSE:FOE) last issued its earnings results on Wednesday, May 1st. The specialty chemicals company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.21 by $0.01. The company had revenue of $387.50 million for the quarter, compared to analyst estimates of $396.60 million. Ferro had a net margin of 4.41% and a return on equity of 30.06%. The business’s revenue was down 4.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.36 EPS. Analysts forecast that Ferro Co. will post 1.39 EPS for the current year.

Several equities analysts have issued reports on the stock. TheStreet cut shares of Ferro from a “b-” rating to a “c+” rating in a research note on Wednesday, May 29th. Deutsche Bank decreased their target price on shares of Ferro from $23.00 to $21.00 and set a “buy” rating on the stock in a research report on Wednesday, April 3rd. KeyCorp decreased their target price on shares of Ferro from $26.00 to $23.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 2nd. ValuEngine lowered shares of Ferro from a “hold” rating to a “sell” rating in a research report on Monday, April 1st. Finally, Northcoast Research lowered shares of Ferro from a “buy” rating to a “neutral” rating in a research report on Monday, April 1st. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $20.17.

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About Ferro

Ferro Corporation produces specialty materials in the United States and internationally. It operates through three segments: Performance Coatings, Performance Colors and Glass, and Color Solutions. The company offers frits, porcelain and other glass enamels, glazes, stains, decorating colors, pigments, inks, polishing materials, dielectrics, electronic glasses, and other specialty coatings.

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Institutional Ownership by Quarter for Ferro (NYSE:FOE)

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