Scotia Capital Inc. Acquires Shares of 21,696 GrafTech International Ltd (NYSE:EAF)

Scotia Capital Inc. purchased a new position in shares of GrafTech International Ltd (NYSE:EAF) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 21,696 shares of the company’s stock, valued at approximately $250,000.

Several other hedge funds also recently modified their holdings of EAF. Janus Henderson Group PLC bought a new position in shares of GrafTech International during the first quarter worth about $365,000. Robeco Institutional Asset Management B.V. lifted its position in shares of GrafTech International by 12.2% during the first quarter. Robeco Institutional Asset Management B.V. now owns 32,420 shares of the company’s stock worth $415,000 after purchasing an additional 3,534 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its position in shares of GrafTech International by 53.1% during the first quarter. State Board of Administration of Florida Retirement System now owns 38,215 shares of the company’s stock worth $489,000 after purchasing an additional 13,260 shares during the last quarter. Raymond James & Associates lifted its position in shares of GrafTech International by 27.2% during the first quarter. Raymond James & Associates now owns 154,106 shares of the company’s stock worth $1,971,000 after purchasing an additional 32,976 shares during the last quarter. Finally, MERIAN GLOBAL INVESTORS UK Ltd bought a new position in shares of GrafTech International during the first quarter worth about $57,000.

EAF has been the topic of several research analyst reports. Zacks Investment Research cut shares of GrafTech International from a “hold” rating to a “sell” rating in a research report on Friday, August 2nd. Citigroup raised shares of GrafTech International from a “sell” rating to a “neutral” rating and set a $12.00 price target on the stock in a research report on Thursday, July 25th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $20.50.

EAF traded down $0.04 on Wednesday, hitting $13.26. 443,259 shares of the company’s stock were exchanged, compared to its average volume of 1,122,074. The firm has a market cap of $3.86 billion, a PE ratio of 4.62 and a beta of 1.71. GrafTech International Ltd has a twelve month low of $9.60 and a twelve month high of $20.31. The stock has a fifty day moving average of $11.88 and a two-hundred day moving average of $11.91.

GrafTech International (NYSE:EAF) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.01). The business had revenue of $480.39 million for the quarter, compared to analyst estimates of $511.07 million. GrafTech International had a negative return on equity of 88.91% and a net margin of 42.35%. GrafTech International’s revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.67 EPS. On average, equities analysts expect that GrafTech International Ltd will post 2.67 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 30th will be paid a dividend of $0.085 per share. The ex-dividend date is Thursday, August 29th. This represents a $0.34 annualized dividend and a yield of 2.57%. GrafTech International’s dividend payout ratio (DPR) is 11.85%.

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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