Ferro Co. (NYSE:FOE) Shares Sold by Parametric Portfolio Associates LLC

Parametric Portfolio Associates LLC cut its holdings in Ferro Co. (NYSE:FOE) by 1.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 171,662 shares of the specialty chemicals company’s stock after selling 2,553 shares during the period. Parametric Portfolio Associates LLC owned about 0.21% of Ferro worth $1,607,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of FOE. First Mercantile Trust Co. acquired a new position in shares of Ferro in the 1st quarter valued at about $27,000. Oppenheimer Asset Management Inc. boosted its holdings in shares of Ferro by 74.2% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 5,494 shares of the specialty chemicals company’s stock valued at $51,000 after buying an additional 2,341 shares during the period. Sowell Financial Services LLC acquired a new position in shares of Ferro in the 1st quarter valued at about $55,000. Tower Research Capital LLC TRC boosted its holdings in shares of Ferro by 419.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,875 shares of the specialty chemicals company’s stock valued at $57,000 after buying an additional 3,129 shares during the period. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of Ferro by 1,448.3% in the 1st quarter. Nisa Investment Advisors LLC now owns 8,980 shares of the specialty chemicals company’s stock valued at $84,000 after buying an additional 8,400 shares during the period. 98.00% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:FOE opened at $11.94 on Wednesday. The company has a 50 day moving average of $11.81 and a 200-day moving average of $12.08. The firm has a market cap of $904.67 million, a P/E ratio of 119.41, a P/E/G ratio of 1.68 and a beta of 1.83. Ferro Co. has a twelve month low of $7.52 and a twelve month high of $16.04. The company has a current ratio of 2.47, a quick ratio of 1.68 and a debt-to-equity ratio of 2.24.

Ferro (NYSE:FOE) last released its earnings results on Monday, May 11th. The specialty chemicals company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.14. Ferro had a net margin of 0.68% and a return on equity of 24.68%. The business had revenue of $252.30 million for the quarter, compared to the consensus estimate of $246.34 million. During the same period in the previous year, the firm earned $0.22 EPS. The business’s revenue for the quarter was down 34.9% on a year-over-year basis. Equities research analysts forecast that Ferro Co. will post 0.69 EPS for the current year.

A number of research firms have issued reports on FOE. Zacks Investment Research lowered shares of Ferro from a “buy” rating to a “hold” rating in a research note on Thursday, June 18th. ValuEngine raised shares of Ferro from a “sell” rating to a “hold” rating in a research note on Thursday, June 4th. Finally, Deutsche Bank upped their price target on shares of Ferro from $11.00 to $13.00 and gave the stock a “buy” rating in a research note on Thursday, April 16th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $13.20.

Ferro Company Profile

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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