Janus Henderson Group PLC Takes $365,000 Position in GrafTech International Ltd (EAF)

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Janus Henderson Group PLC purchased a new position in GrafTech International Ltd (NYSE:EAF) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 28,555 shares of the company’s stock, valued at approximately $365,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Enlightenment Research LLC purchased a new stake in shares of GrafTech International during the fourth quarter worth about $26,000. Great West Life Assurance Co. Can purchased a new stake in shares of GrafTech International during the fourth quarter worth about $40,000. Quantamental Technologies LLC purchased a new stake in shares of GrafTech International during the fourth quarter worth about $51,000. Meeder Asset Management Inc. grew its position in shares of GrafTech International by 1,111.6% during the first quarter. Meeder Asset Management Inc. now owns 6,603 shares of the company’s stock worth $85,000 after purchasing an additional 6,058 shares in the last quarter. Finally, Exane Derivatives purchased a new stake in shares of GrafTech International during the fourth quarter worth about $125,000.

Shares of GrafTech International stock opened at $9.91 on Friday. The company has a market cap of $3.08 billion and a P/E ratio of 3.45. GrafTech International Ltd has a 12 month low of $9.60 and a 12 month high of $24.36.

GrafTech International (NYSE:EAF) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.06. The business had revenue of $474.99 million during the quarter, compared to analyst estimates of $472.36 million. GrafTech International had a negative return on equity of 83.18% and a net margin of 43.15%. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period last year, the company earned $0.74 EPS. On average, equities analysts anticipate that GrafTech International Ltd will post 2.8 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 31st will be paid a $0.085 dividend. This represents a $0.34 annualized dividend and a dividend yield of 3.43%. The ex-dividend date is Thursday, May 30th. GrafTech International’s payout ratio is 11.85%.

EAF has been the subject of several research analyst reports. Zacks Investment Research cut GrafTech International from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 13th. Citigroup cut their target price on GrafTech International from $21.00 to $17.00 and set a “buy” rating for the company in a research report on Monday, April 1st. Three equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $22.59.

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GrafTech International Company Profile

GrafTech International Ltd. researches, develops, manufactures, and sells graphite and carbon based products worldwide. It offers graphite electrodes, which requires for the production of electric arc furnace steel, ferrous, and non-ferrous metals; and petroleum needle coke, a crystalline form of carbon used in the production of graphite electrodes.

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Institutional Ownership by Quarter for GrafTech International (NYSE:EAF)

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