Blue Trust Inc. Has $142,000 Stake in Methanex Co. (NASDAQ:MEOH)

Blue Trust Inc. raised its stake in Methanex Co. (NASDAQ:MEOH) (TSE:MX) by 15.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,845 shares of the specialty chemicals company’s stock after purchasing an additional 371 shares during the quarter. Blue Trust Inc.’s holdings in Methanex were worth $142,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new position in shares of Methanex in the 3rd quarter worth approximately $40,000. Squarepoint Ops LLC bought a new stake in Methanex during the second quarter worth $201,000. Legacy Wealth Asset Management LLC purchased a new position in Methanex in the fourth quarter worth $220,000. Truist Financial Corp grew its stake in Methanex by 5.0% in the 2nd quarter. Truist Financial Corp now owns 6,219 shares of the specialty chemicals company’s stock valued at $300,000 after purchasing an additional 294 shares during the period. Finally, Quadrature Capital Ltd purchased a new stake in shares of Methanex during the 3rd quarter valued at $294,000. Institutional investors own 73.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Cibc World Mkts raised shares of Methanex from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. CIBC increased their target price on shares of Methanex from $59.00 to $63.00 and gave the company an “outperformer” rating in a research report on Monday. Barclays lifted their price target on shares of Methanex from $46.00 to $54.00 and gave the stock an “equal weight” rating in a report on Monday, January 27th. StockNews.com raised Methanex from a “hold” rating to a “buy” rating in a report on Friday, November 8th. Finally, Raymond James boosted their target price on Methanex from $54.00 to $60.00 and gave the company an “outperform” rating in a research note on Tuesday, January 14th. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Methanex has a consensus rating of “Moderate Buy” and an average target price of $60.25.

Methanex Price Performance

Shares of NASDAQ MEOH opened at $52.22 on Thursday. The stock has a fifty day moving average of $48.70 and a 200-day moving average of $44.89. The stock has a market cap of $3.52 billion, a PE ratio of 22.61 and a beta of 1.36. The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.00 and a current ratio of 2.62. Methanex Co. has a fifty-two week low of $36.13 and a fifty-two week high of $56.43.

Methanex (NASDAQ:MEOH) (TSE:MX) last announced its quarterly earnings results on Wednesday, January 29th. The specialty chemicals company reported $1.24 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.30. Methanex had a return on equity of 10.97% and a net margin of 4.41%. Equities research analysts anticipate that Methanex Co. will post 4.02 earnings per share for the current year.

Methanex Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a $0.185 dividend. This represents a $0.74 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend is Monday, March 17th. Methanex’s dividend payout ratio is presently 32.03%.

Methanex Profile

Methanex Corporation produces and supplies methanol in China, Europe, the United States, South America, South Korea, Canada, and Asia. The company also purchases methanol produced by others under methanol offtake contracts and on the spot market. In addition, it owns and leases storage and terminal facilities.