Albemarle stock holds near $137 after Q2 earnings beat
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Albemarle Corp. (US0126531013) held near $137 after the company reported second-quarter 2026 EPS of $3.75 on revenue of $1.74 billion, both above expectations, while the stock was marked at $137.34 on August 28, 2026. The move followed a filing update that showed 349,801 shares bought by Legal & General Group Plc, valued at $47.2 million. On August 5, 2026, Albemarle said quarterly revenue rose 31.1% year over year to $1.74 billion, compared with $1.61 billion expected by analysts in the same period. EPS of $3.75 also topped the $3.20 consensus, and the business posted a 3.09% net margin. The latest portfolio update added another data point: Legal & General Group Plc disclosed a new 349,801-share position in the second quarter, a stake valued at $47.2 million. That kind of institutional buying matters because it arrived after a quarter in which earnings momentum improved sharply. Market data on August 28, 2026 put Albemarle's market cap at $16.21 billion, with a 52-week range of $71.25 to $221.00 and volume of 1.45 million shares. The same snapshot showed a consensus target of $190.04, which leaves the shares below that level even after a 1.16% daily gain. The valuation gap is still notable. Albemarle's forward P/E stood at 12.06, while the trailing P/E was 508.69 because earnings have been uneven over the last year. Albemarle's core products are lithium, bromine and...
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