AlphaQuest LLC Reduces Position in Minerals Technologies Inc. (NYSE:MTX)

AlphaQuest LLC cut its holdings in shares of Minerals Technologies Inc. (NYSE:MTX) by 7.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 20,355 shares of the basic materials company’s stock after selling 1,567 shares during the quarter. AlphaQuest LLC’s holdings in Minerals Technologies were worth $1,551,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Smartleaf Asset Management LLC boosted its position in shares of Minerals Technologies by 181.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 506 shares of the basic materials company’s stock valued at $38,000 after buying an additional 326 shares during the last quarter. Blue Trust Inc. boosted its position in Minerals Technologies by 21.4% in the fourth quarter. Blue Trust Inc. now owns 1,009 shares of the basic materials company’s stock worth $78,000 after purchasing an additional 178 shares during the last quarter. Venturi Wealth Management LLC purchased a new position in Minerals Technologies in the fourth quarter worth about $78,000. KBC Group NV boosted its position in Minerals Technologies by 43.9% in the fourth quarter. KBC Group NV now owns 1,478 shares of the basic materials company’s stock worth $113,000 after purchasing an additional 451 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in Minerals Technologies in the fourth quarter worth about $145,000. 97.29% of the stock is owned by hedge funds and other institutional investors.

Minerals Technologies Trading Down 0.3 %

Shares of NYSE:MTX opened at $67.91 on Monday. The stock’s 50-day simple moving average is $73.40 and its two-hundred day simple moving average is $75.99. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.98 and a current ratio of 2.84. Minerals Technologies Inc. has a 52-week low of $66.33 and a 52-week high of $90.29. The stock has a market capitalization of $2.17 billion, a price-to-earnings ratio of 13.11 and a beta of 1.28.

Minerals Technologies (NYSE:MTX) last posted its quarterly earnings data on Thursday, February 6th. The basic materials company reported $1.50 EPS for the quarter, topping the consensus estimate of $1.39 by $0.11. Minerals Technologies had a return on equity of 11.49% and a net margin of 7.89%. Analysts expect that Minerals Technologies Inc. will post 6.62 EPS for the current year.

Minerals Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 14th were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend was Friday, February 14th. Minerals Technologies’s dividend payout ratio (DPR) is currently 8.49%.

Analysts Set New Price Targets

Several research analysts have issued reports on MTX shares. Truist Financial dropped their target price on Minerals Technologies from $103.00 to $101.00 and set a “buy” rating on the stock in a research report on Monday, February 10th. StockNews.com cut Minerals Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th.

Minerals Technologies Company Profile

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.