Quantbot Technologies LP Invests $656,000 in Minerals Technologies Inc. (NYSE:MTX)

Quantbot Technologies LP purchased a new stake in Minerals Technologies Inc. (NYSE:MTX) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 8,500 shares of the basic materials company’s stock, valued at approximately $656,000.

A number of other large investors have also recently bought and sold shares of MTX. FMR LLC raised its holdings in shares of Minerals Technologies by 64.2% in the third quarter. FMR LLC now owns 1,234,719 shares of the basic materials company’s stock valued at $95,357,000 after buying an additional 482,674 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in Minerals Technologies by 78.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 161,440 shares of the basic materials company’s stock valued at $12,468,000 after acquiring an additional 71,021 shares during the last quarter. Acadian Asset Management LLC lifted its position in Minerals Technologies by 95.4% during the 2nd quarter. Acadian Asset Management LLC now owns 83,051 shares of the basic materials company’s stock worth $6,901,000 after acquiring an additional 40,551 shares during the period. Cubist Systematic Strategies LLC grew its stake in shares of Minerals Technologies by 42.4% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 108,026 shares of the basic materials company’s stock valued at $8,983,000 after purchasing an additional 32,178 shares during the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of Minerals Technologies by 53.7% in the second quarter. AQR Capital Management LLC now owns 85,355 shares of the basic materials company’s stock valued at $7,070,000 after purchasing an additional 29,818 shares during the period. Institutional investors and hedge funds own 97.29% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Minerals Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th.

Minerals Technologies Trading Up 1.9 %

Shares of Minerals Technologies stock opened at $83.14 on Tuesday. The company has a quick ratio of 1.72, a current ratio of 2.46 and a debt-to-equity ratio of 0.51. The firm has a market cap of $2.65 billion, a price-to-earnings ratio of 17.61 and a beta of 1.31. Minerals Technologies Inc. has a 52-week low of $62.49 and a 52-week high of $90.29. The company’s 50-day simple moving average is $78.62 and its 200-day simple moving average is $79.23.

Minerals Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, October 31st will be issued a $0.11 dividend. This is a boost from Minerals Technologies’s previous quarterly dividend of $0.10. This represents a $0.44 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend is Thursday, October 31st. Minerals Technologies’s dividend payout ratio (DPR) is currently 9.32%.

About Minerals Technologies

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.