Insider Selling: PQ Group Holdings Inc (NYSE:PQG) Insider Sells 12,077 Shares of Stock

PQ Group Holdings Inc (NYSE:PQG) insider Ray Kolberg sold 12,077 shares of the business’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $15.87, for a total transaction of $191,661.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

PQG traded up $0.46 on Monday, hitting $16.31. 132,700 shares of the company were exchanged, compared to its average volume of 100,105. PQ Group Holdings Inc has a fifty-two week low of $13.28 and a fifty-two week high of $18.69. The firm has a market capitalization of $2.15 billion, a price-to-earnings ratio of 18.75, a P/E/G ratio of 1.19 and a beta of 0.69. The company has a quick ratio of 1.09, a current ratio of 2.17 and a debt-to-equity ratio of 1.28. The business has a fifty day moving average price of $15.70.

PQ Group (NYSE:PQG) last announced its quarterly earnings results on Thursday, May 9th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.01. The company had revenue of $359.20 million for the quarter, compared to the consensus estimate of $367.89 million. PQ Group had a net margin of 3.83% and a return on equity of 6.82%. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.16 earnings per share. On average, sell-side analysts predict that PQ Group Holdings Inc will post 0.83 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Shapiro Capital Management LLC increased its position in shares of PQ Group by 11.7% in the fourth quarter. Shapiro Capital Management LLC now owns 4,001,646 shares of the company’s stock worth $59,264,000 after acquiring an additional 417,954 shares in the last quarter. Vanguard Group Inc. grew its holdings in PQ Group by 3.2% during the 3rd quarter. Vanguard Group Inc. now owns 2,994,543 shares of the company’s stock valued at $52,315,000 after purchasing an additional 93,194 shares in the last quarter. BlackRock Inc. grew its holdings in PQ Group by 2.3% during the 4th quarter. BlackRock Inc. now owns 2,491,710 shares of the company’s stock valued at $36,903,000 after purchasing an additional 55,150 shares in the last quarter. Boston Partners grew its holdings in PQ Group by 2.3% during the 1st quarter. Boston Partners now owns 2,186,449 shares of the company’s stock valued at $33,168,000 after purchasing an additional 49,885 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in PQ Group by 65.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 656,680 shares of the company’s stock valued at $9,726,000 after purchasing an additional 259,078 shares in the last quarter. 68.85% of the stock is currently owned by institutional investors and hedge funds.

Separately, Zacks Investment Research lowered shares of PQ Group from a “hold” rating to a “sell” rating in a research note on Saturday, May 11th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $21.20.

About PQ Group

PQ Group Holdings Inc provides catalysts, specialty materials and chemicals, and services in the United States, the Netherlands, the United Kingdom, and internationally. The company operates in two segments, Environmental Catalysts and Services; and Performance Materials and Chemicals. It primarily offers refinery catalysts, emissions control catalysts, and catalyst recycling services for fuels and emission controls use; silica gels for edible oil and beer clarification; precipitated silicas and zeolites for the surface coating, dentifrice, and dishwasher and laundry detergent applications; reflective markings for roadways and airports; and hollow glass beads or microspheres for cement additive, metal finishing, and oil well cement uses.

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