Squarepoint Ops LLC Grows Stock Position in Minerals Technologies Inc. (NYSE:MTX)

Squarepoint Ops LLC lifted its position in Minerals Technologies Inc. (NYSE:MTX) by 16.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,044 shares of the basic materials company’s stock after acquiring an additional 2,372 shares during the period. Squarepoint Ops LLC owned 0.05% of Minerals Technologies worth $1,417,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC lifted its stake in Minerals Technologies by 10.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 514,036 shares of the basic materials company’s stock worth $38,697,000 after purchasing an additional 48,378 shares in the last quarter. Acadian Asset Management LLC increased its holdings in shares of Minerals Technologies by 95.4% in the second quarter. Acadian Asset Management LLC now owns 83,051 shares of the basic materials company’s stock valued at $6,901,000 after purchasing an additional 40,551 shares during the last quarter. Cubist Systematic Strategies LLC lifted its position in Minerals Technologies by 42.4% during the second quarter. Cubist Systematic Strategies LLC now owns 108,026 shares of the basic materials company’s stock worth $8,983,000 after buying an additional 32,178 shares in the last quarter. Panagora Asset Management Inc. boosted its stake in Minerals Technologies by 13.9% during the second quarter. Panagora Asset Management Inc. now owns 211,382 shares of the basic materials company’s stock worth $17,579,000 after buying an additional 25,831 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in Minerals Technologies by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 3,738,256 shares of the basic materials company’s stock valued at $281,416,000 after buying an additional 25,056 shares in the last quarter. 97.29% of the stock is currently owned by hedge funds and other institutional investors.

Minerals Technologies Stock Up 1.5 %

MTX stock opened at $76.03 on Friday. Minerals Technologies Inc. has a one year low of $48.61 and a one year high of $90.29. The firm has a market cap of $2.45 billion, a PE ratio of 26.31 and a beta of 1.30. The firm’s 50 day moving average price is $74.08 and its 200-day moving average price is $77.95. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.72 and a current ratio of 2.46.

Minerals Technologies (NYSE:MTX) last posted its earnings results on Thursday, July 25th. The basic materials company reported $1.65 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $0.05. The company had revenue of $541.20 million for the quarter, compared to the consensus estimate of $561.60 million. Minerals Technologies had a return on equity of 11.46% and a net margin of 4.05%. The company’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.31 earnings per share. On average, equities research analysts anticipate that Minerals Technologies Inc. will post 6.22 EPS for the current year.

Minerals Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 16th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend was Friday, August 16th. Minerals Technologies’s dividend payout ratio is presently 13.84%.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Minerals Technologies from a “buy” rating to a “hold” rating in a research report on Thursday.

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.