Dow Chemical Co (DOW) is MARSHALL WACE ASIA Ltd’s 7th Largest Position

MARSHALL WACE ASIA Ltd continued to hold its position in Dow Chemical Co (NYSE:DOW) during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 1,047,675 shares of the basic materials company’s stock at the end of the second quarter. Dow Chemical accounts for approximately 3.4% of MARSHALL WACE ASIA Ltd’s investment portfolio, making the stock its 7th largest position. MARSHALL WACE ASIA Ltd owned about 0.09% of Dow Chemical worth $66,004,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Waldron LP grew its position in Dow Chemical by 80.8% in the first quarter. Waldron LP now owns 9,150 shares of the basic materials company’s stock worth $580,000 after acquiring an additional 4,089 shares in the last quarter. Girard Partners LTD. grew its position in Dow Chemical by 34.6% in the first quarter. Girard Partners LTD. now owns 24,230 shares of the basic materials company’s stock worth $1,540,000 after acquiring an additional 6,228 shares in the last quarter. Henderson Group PLC grew its position in Dow Chemical by 2.1% in the first quarter. Henderson Group PLC now owns 152,045 shares of the basic materials company’s stock worth $9,662,000 after acquiring an additional 3,168 shares in the last quarter. HPM Partners LLC purchased a new position in Dow Chemical in the first quarter worth $666,000. Finally, Pekin Singer Strauss Asset Management IL grew its position in Dow Chemical by 48.0% in the first quarter. Pekin Singer Strauss Asset Management IL now owns 17,582 shares of the basic materials company’s stock worth $1,117,000 after acquiring an additional 5,700 shares in the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Several brokerages recently issued reports on DOW. BidaskClub lowered shares of Dow Chemical from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 10th. Royal Bank Of Canada reiterated a “buy” rating and issued a $78.00 target price on shares of Dow Chemical in a research report on Wednesday, September 6th. Zacks Investment Research lowered shares of Dow Chemical from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Cowen and Company reiterated a “hold” rating and issued a $60.00 target price on shares of Dow Chemical in a research report on Friday, July 14th. Finally, Jefferies Group LLC reiterated a “buy” rating on shares of Dow Chemical in a research report on Tuesday, August 29th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $72.02.

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Shares of Dow Chemical Co (NYSE DOW) opened at 66.65 on Thursday. The firm’s 50-day moving average is $64.79 and its 200 day moving average is $63.46. Dow Chemical Co has a 52-week low of $51.57 and a 52-week high of $67.50. The stock has a market capitalization of $81.54 billion, a price-to-earnings ratio of 28.54 and a beta of 1.13.

Dow Chemical (NYSE:DOW) last issued its quarterly earnings data on Thursday, July 27th. The basic materials company reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.07. Dow Chemical had a net margin of 9.82% and a return on equity of 19.01%. The business had revenue of $13.83 billion during the quarter, compared to analysts’ expectations of $13.60 billion. During the same period last year, the company posted $0.95 EPS. The business’s revenue was up 15.7% on a year-over-year basis. Equities analysts expect that Dow Chemical Co will post $4.11 EPS for the current year.

Dow Chemical Company Profile

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Institutional Ownership by Quarter for Dow Chemical (NYSE:DOW)

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