Campbell & CO Investment Adviser LLC lifted its stake in Minerals Technologies Inc (NYSE:MTX) by 60.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,462 shares of the basic materials company’s stock after buying an additional 4,678 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Minerals Technologies were worth $662,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MTX. Oregon Public Employees Retirement Fund lifted its stake in Minerals Technologies by 1.4% during the second quarter. Oregon Public Employees Retirement Fund now owns 14,250 shares of the basic materials company’s stock worth $763,000 after purchasing an additional 201 shares during the period. M&T Bank Corp increased its holdings in shares of Minerals Technologies by 2.9% during the second quarter. M&T Bank Corp now owns 8,987 shares of the basic materials company’s stock worth $481,000 after buying an additional 255 shares in the last quarter. Arizona State Retirement System increased its holdings in shares of Minerals Technologies by 1.1% during the second quarter. Arizona State Retirement System now owns 25,573 shares of the basic materials company’s stock worth $1,368,000 after buying an additional 276 shares in the last quarter. Skyline Asset Management LP increased its holdings in shares of Minerals Technologies by 0.3% during the third quarter. Skyline Asset Management LP now owns 152,900 shares of the basic materials company’s stock worth $8,117,000 after buying an additional 500 shares in the last quarter. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Minerals Technologies during the second quarter worth approximately $44,000. Institutional investors and hedge funds own 94.36% of the company’s stock.

In other Minerals Technologies news, SVP Thomas J. Meek sold 7,502 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $45.90, for a total value of $344,341.80. Following the transaction, the senior vice president now directly owns 65,752 shares of the company’s stock, valued at $3,018,016.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Douglas T. Dietrich acquired 1,500 shares of Minerals Technologies stock in a transaction on Thursday, August 29th. The stock was acquired at an average cost of $47.99 per share, for a total transaction of $71,985.00. Following the completion of the purchase, the chief executive officer now owns 71,841 shares of the company’s stock, valued at approximately $3,447,649.59. The disclosure for this purchase can be found here. Company insiders own 2.50% of the company’s stock.

Several analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Minerals Technologies from a “hold” rating to a “sell” rating in a report on Tuesday, July 9th. ValuEngine raised shares of Minerals Technologies from a “sell” rating to a “hold” rating in a report on Saturday, September 14th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $65.00.

NYSE MTX opened at $52.06 on Thursday. The firm has a market cap of $1.77 billion, a price-to-earnings ratio of 10.76, a PEG ratio of 3.39 and a beta of 1.88. The company has a 50 day moving average of $51.19 and a 200-day moving average of $54.49. The company has a current ratio of 2.30, a quick ratio of 1.66 and a debt-to-equity ratio of 0.61. Minerals Technologies Inc has a 1-year low of $45.26 and a 1-year high of $63.75.

Minerals Technologies (NYSE:MTX) last issued its quarterly earnings results on Thursday, August 1st. The basic materials company reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.05. The business had revenue of $463.80 million during the quarter, compared to analyst estimates of $458.47 million. Minerals Technologies had a net margin of 8.40% and a return on equity of 11.82%. Minerals Technologies’s revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter last year, the business posted $1.28 earnings per share. On average, analysts forecast that Minerals Technologies Inc will post 4.26 earnings per share for the current year.

Minerals Technologies Company Profile

Minerals Technologies Inc develops, produces, and markets various specialty mineral, mineral-based, and synthetic mineral products, and supporting systems and services worldwide. The company's Specialty Minerals segment produces and sells precipitated calcium carbonate and quicklime; and provides natural mineral products comprising limestone and talc.

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Institutional Ownership by Quarter for Minerals Technologies (NYSE:MTX)

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