Comerica Bank Acquires 10,858 Shares of U.S. Silica Holdings Inc (SLCA)

Comerica Bank increased its holdings in shares of U.S. Silica Holdings Inc (NYSE:SLCA) by 12.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 99,334 shares of the mining company’s stock after buying an additional 10,858 shares during the period. Comerica Bank’s holdings in U.S. Silica were worth $2,785,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of SLCA. Louisiana State Employees Retirement System raised its stake in shares of U.S. Silica by 6.1% during the fourth quarter. Louisiana State Employees Retirement System now owns 34,900 shares of the mining company’s stock worth $1,136,000 after buying an additional 2,000 shares during the last quarter. Bank of Montreal Can increased its stake in U.S. Silica by 62.4% in the fourth quarter. Bank of Montreal Can now owns 69,306 shares of the mining company’s stock valued at $2,257,000 after purchasing an additional 26,626 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in U.S. Silica by 6.2% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 477,370 shares of the mining company’s stock valued at $15,544,000 after purchasing an additional 27,844 shares in the last quarter. Steward Partners Investment Advisory LLC increased its stake in U.S. Silica by 752.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 7,251 shares of the mining company’s stock valued at $236,000 after purchasing an additional 6,400 shares in the last quarter. Finally, Patten & Patten Inc. TN increased its stake in U.S. Silica by 18.7% in the fourth quarter. Patten & Patten Inc. TN now owns 14,620 shares of the mining company’s stock valued at $476,000 after purchasing an additional 2,300 shares in the last quarter. 96.29% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have commented on the stock. Cowen reaffirmed an “outperform” rating and issued a $42.00 target price (down previously from $45.00) on shares of U.S. Silica in a research note on Thursday, February 22nd. Wells Fargo reaffirmed an “outperform” rating and issued a $31.00 target price (down previously from $41.00) on shares of U.S. Silica in a research note on Thursday, February 22nd. Piper Jaffray Companies set a $31.00 target price on shares of U.S. Silica and gave the company a “buy” rating in a research note on Thursday, April 5th. Stephens assumed coverage on shares of U.S. Silica in a research note on Thursday, April 12th. They issued an “equal weight” rating and a $30.00 target price for the company. Finally, Morgan Stanley set a $47.00 target price on shares of U.S. Silica and gave the company a “buy” rating in a research note on Friday, February 23rd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and seventeen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $41.67.

In other news, Director William Jennings Kacal purchased 20,300 shares of the business’s stock in a transaction on Friday, February 23rd. The stock was purchased at an average price of $25.78 per share, for a total transaction of $523,334.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Diane K. Duren purchased 10,000 shares of the business’s stock in a transaction on Monday, February 26th. The stock was purchased at an average price of $25.96 per share, with a total value of $259,600.00. Following the purchase, the director now owns 12,168 shares of the company’s stock, valued at $315,881.28. The disclosure for this purchase can be found here. 1.40% of the stock is owned by corporate insiders.

U.S. Silica stock opened at $33.65 on Tuesday. The company has a market capitalization of $2.60 billion, a PE ratio of 22.43 and a beta of 2.30. U.S. Silica Holdings Inc has a twelve month low of $23.75 and a twelve month high of $40.98. The company has a quick ratio of 2.80, a current ratio of 3.16 and a debt-to-equity ratio of 0.43.

U.S. Silica (NYSE:SLCA) last released its quarterly earnings results on Wednesday, February 21st. The mining company reported $0.51 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.04). The company had revenue of $360.57 million during the quarter, compared to analyst estimates of $359.17 million. U.S. Silica had a net margin of 12.74% and a return on equity of 11.86%. equities research analysts predict that U.S. Silica Holdings Inc will post 3.08 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 6th. Stockholders of record on Friday, June 15th will be issued a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend is Thursday, June 14th. U.S. Silica’s dividend payout ratio (DPR) is presently 16.67%.

About U.S. Silica

U.S. Silica Holdings, Inc produces and sells commercial silica in the United States. The company operates through two segments, Oil & Gas Proppants and Industrial & Specialty Products. It offers whole grain commercial silica products to be used as fracturing sand in connection with oil and natural gas recovery; and resin coated proppants, as well as sells its whole grain silica products in various size distributions, grain shapes, and chemical purity levels for manufacturing glass products.

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Institutional Ownership by Quarter for U.S. Silica (NYSE:SLCA)

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