Fiera Capital Corp boosted its position in shares of KMG Chemicals, Inc. (NYSE:KMG) by 29.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 90,754 shares of the specialty chemicals company’s stock after acquiring an additional 20,731 shares during the period. Fiera Capital Corp owned 0.76% of KMG Chemicals worth $4,417,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Youngs Advisory Group Inc. raised its stake in KMG Chemicals by 1.2% during the 2nd quarter. Youngs Advisory Group Inc. now owns 29,753 shares of the specialty chemicals company’s stock worth $1,448,000 after acquiring an additional 356 shares during the period. American International Group Inc. grew its holdings in KMG Chemicals by 7.0% during the 1st quarter. American International Group Inc. now owns 5,547 shares of the specialty chemicals company’s stock valued at $256,000 after buying an additional 365 shares in the last quarter. Legal & General Group Plc grew its holdings in KMG Chemicals by 23.2% during the 2nd quarter. Legal & General Group Plc now owns 2,198 shares of the specialty chemicals company’s stock valued at $106,000 after buying an additional 414 shares in the last quarter. WCM Investment Management CA grew its holdings in KMG Chemicals by 1.0% during the 2nd quarter. WCM Investment Management CA now owns 57,405 shares of the specialty chemicals company’s stock valued at $2,794,000 after buying an additional 565 shares in the last quarter. Finally, Wells Fargo & Company MN grew its holdings in KMG Chemicals by 6.1% during the 1st quarter. Wells Fargo & Company MN now owns 10,738 shares of the specialty chemicals company’s stock valued at $494,000 after buying an additional 615 shares in the last quarter. Institutional investors own 73.72% of the company’s stock.
In other news, insider Christopher T. Fraser purchased 4,000 shares of the company’s stock in a transaction that occurred on Thursday, June 22nd. The stock was purchased at an average cost of $46.99 per share, for a total transaction of $187,960.00. Following the completion of the transaction, the insider now owns 173,043 shares of the company’s stock, valued at $8,131,290.57. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder David L. Hatcher sold 9,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $48.64, for a total value of $437,760.00. Following the sale, the insider now owns 1,760,897 shares of the company’s stock, valued at $85,650,030.08. The disclosure for this sale can be found here. Insiders have sold 255,000 shares of company stock valued at $12,512,460 over the last quarter. 6.90% of the stock is owned by company insiders.
KMG Chemicals, Inc. (KMG) opened at 48.87 on Monday. KMG Chemicals, Inc. has a 12-month low of $26.33 and a 12-month high of $61.10. The company has a 50 day moving average of $48.63 and a 200-day moving average of $48.77. The stock has a market capitalization of $581.02 million, a price-to-earnings ratio of 26.81 and a beta of 0.59.
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A number of brokerages have issued reports on KMG. BidaskClub lowered shares of KMG Chemicals from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th. Zacks Investment Research lowered shares of KMG Chemicals from a “buy” rating to a “hold” rating in a report on Tuesday, August 15th.
KMG Chemicals Company Profile
KMG Chemicals, Inc manufactures, formulates and globally distributes specialty chemicals. The Company operates businesses selling electronic chemicals, industrial wood treating chemicals, and industrial valve lubricants and sealants. The Company operates through two segments: Electronic chemicals and Other chemicals.
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