Wells Fargo & Company MN Has $27.03 Million Stock Position in PQ Group Holdings Inc (NYSE:PQG)

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Wells Fargo & Company MN increased its position in shares of PQ Group Holdings Inc (NYSE:PQG) by 5.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,705,037 shares of the company’s stock after buying an additional 84,419 shares during the quarter. Wells Fargo & Company MN owned about 1.26% of PQ Group worth $27,025,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Aperio Group LLC bought a new position in shares of PQ Group in the second quarter worth $37,000. BNP Paribas Arbitrage SA boosted its holdings in shares of PQ Group by 262.4% in the first quarter. BNP Paribas Arbitrage SA now owns 8,465 shares of the company’s stock worth $128,000 after acquiring an additional 6,129 shares during the period. SG Americas Securities LLC bought a new position in shares of PQ Group in the first quarter worth $144,000. Victory Capital Management Inc. bought a new position in shares of PQ Group in the first quarter worth $309,000. Finally, Spark Investment Management LLC bought a new position in shares of PQ Group in the first quarter worth $461,000. 68.78% of the stock is owned by hedge funds and other institutional investors.

Shares of PQG stock traded up $0.24 on Thursday, reaching $14.59. The company’s stock had a trading volume of 1 shares, compared to its average volume of 73,894. The company has a quick ratio of 1.40, a current ratio of 2.46 and a debt-to-equity ratio of 1.25. PQ Group Holdings Inc has a 12-month low of $13.18 and a 12-month high of $18.54. The company has a market capitalization of $1.92 billion, a P/E ratio of 16.75, a PEG ratio of 1.05 and a beta of 0.72. The stock’s 50 day simple moving average is $14.77 and its 200-day simple moving average is $15.52.

PQ Group (NYSE:PQG) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.08. PQ Group had a return on equity of 7.00% and a net margin of 4.77%. The company had revenue of $431.70 million for the quarter, compared to the consensus estimate of $440.92 million. During the same quarter last year, the business posted $0.28 earnings per share. The firm’s revenue was down .7% compared to the same quarter last year. Research analysts expect that PQ Group Holdings Inc will post 0.84 EPS for the current year.

A number of research firms have recently commented on PQG. Zacks Investment Research raised PQ Group from a “sell” rating to a “hold” rating in a report on Friday, August 9th. Nomura set a $19.00 price objective on PQ Group and gave the stock a “buy” rating in a research report on Monday, August 12th.

PQ Group Company Profile

PQ Group Holdings Inc provides catalysts, specialty materials and chemicals, and services in the United States, the Netherlands, the United Kingdom, and internationally. The company operates in two segments, Environmental Catalysts and Services; and Performance Materials and Chemicals. It primarily offers refinery catalysts, emissions control catalysts, and catalyst recycling services for fuels and emission controls use; silica gels for edible oil and beer clarification; precipitated silicas and zeolites for the surface coating, dentifrice, and dishwasher and laundry detergent applications; reflective markings for roadways and airports; and hollow glass beads or microspheres for cement additive, metal finishing, and oil well cement uses.

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Institutional Ownership by Quarter for PQ Group (NYSE:PQG)

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