PNC Financial Services Group Inc. Reduces Stake in Fairmount Santrol (FMSA)

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PNC Financial Services Group Inc. trimmed its stake in shares of Fairmount Santrol (NYSE:FMSA) by 27.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 107,950 shares of the industrial products company’s stock after selling 41,000 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Fairmount Santrol were worth $459,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Bank of Montreal Can raised its position in shares of Fairmount Santrol by 1,537.2% during the 4th quarter. Bank of Montreal Can now owns 27,308 shares of the industrial products company’s stock worth $142,000 after purchasing an additional 25,640 shares during the period. Raymond James Financial Services Advisors Inc. grew its holdings in Fairmount Santrol by 99.3% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 27,300 shares of the industrial products company’s stock worth $143,000 after buying an additional 13,600 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. grew its holdings in Fairmount Santrol by 437.2% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 30,350 shares of the industrial products company’s stock worth $159,000 after buying an additional 24,700 shares in the last quarter. Delpha Capital Management LLC bought a new position in Fairmount Santrol in the 4th quarter worth approximately $197,000. Finally, Koch Industries Inc. bought a new position in Fairmount Santrol in the 4th quarter worth approximately $218,000. Institutional investors and hedge funds own 71.48% of the company’s stock.

Shares of NYSE FMSA opened at $5.63 on Monday. The company has a debt-to-equity ratio of 2.20, a current ratio of 2.19 and a quick ratio of 1.77. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 23.46 and a beta of 2.13. Fairmount Santrol has a 1 year low of $2.46 and a 1 year high of $6.39.

Fairmount Santrol (NYSE:FMSA) last issued its quarterly earnings results on Thursday, May 3rd. The industrial products company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. The firm had revenue of $273.34 million during the quarter, compared to analyst estimates of $270.29 million. Fairmount Santrol had a return on equity of 33.29% and a net margin of 8.89%. The firm’s quarterly revenue was up 58.4% on a year-over-year basis. During the same period last year, the company posted ($0.05) EPS. equities research analysts forecast that Fairmount Santrol will post 0.69 earnings per share for the current year.

A number of equities analysts recently issued reports on the company. B. Riley increased their price objective on Fairmount Santrol to $5.50 and gave the stock a “neutral” rating in a report on Tuesday, May 8th. Barclays reissued a “hold” rating and issued a $6.00 price objective on shares of Fairmount Santrol in a report on Sunday, May 6th. Cowen increased their price objective on Fairmount Santrol from $6.00 to $6.50 and gave the stock an “outperform” rating in a report on Friday, May 4th. Piper Jaffray Companies set a $6.00 price objective on Fairmount Santrol and gave the stock a “buy” rating in a report on Wednesday, March 14th. Finally, Credit Suisse Group decreased their price objective on Fairmount Santrol from $6.00 to $5.00 and set a “neutral” rating for the company in a report on Friday, March 9th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $5.88.

About Fairmount Santrol

Fairmount Santrol Holdings Inc, together with its subsidiaries, provides sand-based proppant solutions for exploration and production companies. The company operates in two segments, Proppant Solutions and Industrial & Recreational Products. The Proppant Solutions segment primarily provides sand-based proppants for use in hydraulic fracturing operations in the United States, Canada, Argentina, Mexico, China, and northern Europe.

Institutional Ownership by Quarter for Fairmount Santrol (NYSE:FMSA)

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