AlbemarleALB
Market Cap: 10.9B
About: Albemarle is one of the world's largest lithium producers. In the lithium industry, the majority of demand comes from batteries, where lithium is used as the energy storage material, particularly in electric vehicles. Albemarle is a fully integrated lithium producer. Its upstream resources include salt brine deposits in Chile and the US and two hard rock mines in Australia, both of which are joint ventures. The company operates lithium refining plants in Chile, the US, Australia, and China. Albemarle is a global leader in the production of bromine, used in flame retardants. It is also a major producer of oil refining catalysts.
Employees: 9,000
Fund manager confidence
Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)
100% more funds holding in top 10
Funds holding in top 10: 3 [Q4 2023] → 6 (+3) [Q1 2024]
38% more repeat investments, than reductions
Existing positions increased: 378 | Existing positions reduced: 274
2.3% less ownership
Funds ownership: 93.02% [Q4 2023] → 90.72% (-2.3%) [Q1 2024]
4% less funds holding
Funds holding: 909 [Q4 2023] → 872 (-37) [Q1 2024]
10% less capital invested
Capital invested by funds: $15.7B [Q4 2023] → $14.2B (-$1.53B) [Q1 2024]
24% less first-time investments, than exits
New positions opened: 115 | Existing positions closed: 152
51% less call options, than puts
Call options by funds: $1.02B | Put options by funds: $2.07B
Research analyst outlook
32 Wall Street Analysts provided 1 year price forecasts over the past 6 months
32 analyst ratings
HSBC Santhosh Seshadri | 2%upside $95 | Hold Downgraded | 17 Jul 2024 |
Citigroup Patrick Cunningham | 8%upside $100 | Neutral Maintained | 12 Jul 2024 |
Wells Fargo Michael Sison | 8%upside $100 | Equal-Weight Downgraded | 11 Jul 2024 |
UBS Joshua Spector | 17%upside $109 | Neutral Maintained | 9 Jul 2024 |
Oppenheimer Colin Rusch | 92%upside $178 | Outperform Maintained | 9 Jul 2024 |
Financial journalist opinion
Based on 46 articles about ALB published over the past 30 days