Cerity Partners LLC Sells 576,214 Shares of LSB Industries, Inc. (NYSE:LXU)

Cerity Partners LLC lowered its stake in LSB Industries, Inc. (NYSE:LXU - Free Report) by 42.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 791,987 shares of the conglomerate's stock after selling 576,214 shares during the quarter. Cerity Partners LLC owned approximately 1.11% of LSB Industries worth $6,366,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in shares of LSB Industries by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 3,089,060 shares of the conglomerate's stock valued at $23,446,000 after buying an additional 12,345 shares in the last quarter. First Eagle Investment Management LLC lifted its position in shares of LSB Industries by 5.3% in the fourth quarter. First Eagle Investment Management LLC now owns 1,760,401 shares of the conglomerate's stock valued at $13,361,000 after buying an additional 88,506 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of LSB Industries by 11.7% during the 4th quarter. American Century Companies Inc. now owns 1,621,036 shares of the conglomerate's stock worth $12,304,000 after acquiring an additional 169,275 shares during the last quarter. State Street Corp increased its holdings in shares of LSB Industries by 0.6% during the 3rd quarter. State Street Corp now owns 1,264,212 shares of the conglomerate's stock worth $10,164,000 after acquiring an additional 7,751 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in LSB Industries by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 1,218,218 shares of the conglomerate's stock valued at $9,249,000 after purchasing an additional 7,496 shares during the last quarter. 73.67% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

A number of research firms have recently issued reports on LXU. UBS Group cut their target price on shares of LSB Industries from $11.00 to $8.00 and set a "buy" rating for the company in a research note on Wednesday. StockNews.com lowered LSB Industries from a "hold" rating to a "sell" rating in a report on Wednesday, March 12th. Finally, Piper Sandler set a $10.00 price objective on shares of LSB Industries in a research report on Thursday, March 27th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $9.75.

LSB Industries Trading Down 2.5 %

Shares of LSB Industries stock traded down $0.13 on Wednesday, hitting $5.11. The stock had a trading volume of 359,856 shares, compared to its average volume of 357,332. The stock has a 50 day moving average of $6.89 and a 200 day moving average of $7.96. The firm has a market capitalization of $367.15 million, a P/E ratio of -24.33, a PEG ratio of 0.89 and a beta of 0.87. LSB Industries, Inc. has a twelve month low of $4.69 and a twelve month high of $10.40. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.36 and a current ratio of 2.53.

LSB Industries Profile

LSB Industries, Inc engages in the manufacture, marketing, and sale of chemical products. The company provides nitrogen-based fertilizers, such as ammonia, fertilizer grade high density ammonium nitrate (HDAN), and urea ammonia nitrate for fertilizer for corn, pastures, and other crops, as well as nitrogen, phosphorus, and potassium (NPK) fertilizer blends application.