Minerals Technologies (NYSE:MTX - Get Free Report) was downgraded by research analysts at StockNews.com from a "buy" rating to a "hold" rating in a report issued on Wednesday.
Minerals Technologies Trading Up 0.6 %
NYSE:MTX traded up $0.46 on Wednesday, reaching $76.50. 74,763 shares of the company's stock were exchanged, compared to its average volume of 160,942. The firm has a market capitalization of $2.47 billion, a price-to-earnings ratio of 26.31 and a beta of 1.30. Minerals Technologies has a 52-week low of $53.47 and a 52-week high of $90.29. The company has a quick ratio of 1.72, a current ratio of 2.46 and a debt-to-equity ratio of 0.51. The business has a fifty day moving average of $75.33 and a 200-day moving average of $78.34.
Institutional Trading of Minerals Technologies
Several hedge funds have recently modified their holdings of MTX. Allspring Global Investments Holdings LLC grew its position in shares of Minerals Technologies by 10.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 514,036 shares of the basic materials company's stock worth $38,697,000 after buying an additional 48,378 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in Minerals Technologies by 27.6% during the 1st quarter. BNP Paribas Financial Markets now owns 44,236 shares of the basic materials company's stock worth $3,330,000 after acquiring an additional 9,580 shares in the last quarter. Capstone Investment Advisors LLC purchased a new stake in shares of Minerals Technologies in the 1st quarter valued at approximately $223,000. Fidelis Capital Partners LLC acquired a new stake in shares of Minerals Technologies in the 1st quarter valued at $77,000. Finally, Texas Permanent School Fund Corp lifted its position in shares of Minerals Technologies by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 28,482 shares of the basic materials company's stock worth $2,144,000 after purchasing an additional 368 shares during the last quarter. 97.29% of the stock is currently owned by institutional investors and hedge funds.
Minerals Technologies Company Profile
(
Get Free Report)
Minerals Technologies Inc develops, produces, and markets various mineral, mineral-based, and related systems and services. The company operates through two segments, Consumer & Specialties, and Engineered Solutions segments. The Consumer & Specialties segment offers household and personal care products, such as pet litter, personal care, fabric care, edible oil and other fluid purification, animal health, and agricultural products; and specialty additives products, including precipitated calcium carbonate and ground calcium carbonate products that are used in the paper, paperboard, and fiber based packaging industries, as well as automotive, construction, and table and food applications.
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