Signaturefd LLC Buys 450 Shares of Methanex Co. (NASDAQ:MEOH)

Signaturefd LLC increased its stake in shares of Methanex Co. (NASDAQ:MEOH) (TSE:MX) by 15.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,452 shares of the specialty chemicals company’s stock after acquiring an additional 450 shares during the period. Signaturefd LLC’s holdings in Methanex were worth $172,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of MEOH. Charles Schwab Investment Management Inc. raised its holdings in Methanex by 4.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 205,102 shares of the specialty chemicals company’s stock worth $8,483,000 after acquiring an additional 8,850 shares in the last quarter. Cerity Partners LLC raised its holdings in Methanex by 19.1% during the third quarter. Cerity Partners LLC now owns 17,844 shares of the specialty chemicals company’s stock worth $738,000 after acquiring an additional 2,863 shares in the last quarter. Bank of Hawaii raised its holdings in Methanex by 4.2% during the third quarter. Bank of Hawaii now owns 11,470 shares of the specialty chemicals company’s stock worth $474,000 after acquiring an additional 465 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Methanex by 25.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,414 shares of the specialty chemicals company’s stock worth $762,000 after acquiring an additional 3,750 shares in the last quarter. Finally, Verition Fund Management LLC bought a new stake in Methanex during the third quarter worth about $499,000. Institutional investors own 73.49% of the company’s stock.

Methanex Price Performance

Methanex stock opened at $37.44 on Friday. Methanex Co. has a 12 month low of $35.67 and a 12 month high of $56.43. The stock’s 50 day moving average is $45.55 and its 200-day moving average is $44.36. The company has a current ratio of 2.62, a quick ratio of 2.00 and a debt-to-equity ratio of 1.01. The company has a market capitalization of $2.52 billion, a price-to-earnings ratio of 16.21 and a beta of 1.38.

Methanex (NASDAQ:MEOH) (TSE:MX) last posted its earnings results on Wednesday, January 29th. The specialty chemicals company reported $1.24 EPS 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 expect that Methanex Co. will post 4.32 EPS for the current year.

Methanex Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a $0.185 dividend. This represents a $0.74 annualized dividend and a dividend yield of 1.98%. The ex-dividend date is Monday, March 17th. Methanex’s dividend payout ratio (DPR) is currently 32.03%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on MEOH shares. Scotiabank downgraded Methanex from a “sector outperform” rating to a “sector perform” rating and lowered their price target for the stock from $66.00 to $53.00 in a research report on Monday, March 10th. Cibc World Mkts raised Methanex from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. UBS Group boosted their price target on Methanex from $53.00 to $66.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Raymond James boosted their price target on Methanex from $54.00 to $60.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 14th. Finally, CIBC reissued an “outperform” rating on shares of Methanex in a research report on Monday, February 3rd. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Methanex currently has a consensus rating of “Moderate Buy” and an average price target of $60.63.

Methanex Company 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.