United Services Automobile Association Increases Position in Livent Co. (NYSE:LTHM)

United Services Automobile Association boosted its holdings in shares of Livent Co. (NYSE:LTHM – Get Rating) by 15.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,977 shares of the company’s stock after acquiring an additional 2,693 shares during the period. United Services Automobile Association’s holdings in Livent were worth $613,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. First Personal Financial Services purchased a new stake in shares of Livent in the 3rd quarter valued at approximately $25,000. Paragon Wealth Strategies LLC purchased a new position in shares of Livent during the 3rd quarter worth approximately $31,000. Sargent Bickham Lagudis LLC purchased a new position in shares of Livent during the 3rd quarter worth approximately $35,000. Wipfli Financial Advisors LLC purchased a new position in shares of Livent during the 3rd quarter worth approximately $37,000. Finally, SeaCrest Wealth Management LLC purchased a new position in shares of Livent during the 2nd quarter worth approximately $30,000. Hedge funds and other institutional investors own 90.62% of the company’s stock.

Livent Price Performance

Shares of LTHM opened at $21.15 on Wednesday. Livent Co. has a twelve month low of $18.26 and a twelve month high of $36.38. The firm’s fifty day simple moving average is $23.80 and its 200-day simple moving average is $26.95. The firm has a market capitalization of $3.80 billion, a price-to-earnings ratio of 15.70, a PEG ratio of 0.30 and a beta of 1.83. The company has a current ratio of 3.66, a quick ratio of 2.63 and a debt-to-equity ratio of 0.17.

Livent (NYSE:LTHM – Get Rating) last announced its quarterly earnings data on Tuesday, February 14th. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. Livent had a net margin of 33.63% and a return on equity of 22.94%. The business had revenue of $219.40 million for the quarter, compared to analyst estimates of $239.28 million. During the same period last year, the business earned $0.08 EPS. The company’s revenue was up 78.5% on a year-over-year basis. Equities analysts forecast that Livent Co. will post 1.9 EPS for the current fiscal year.

Wall Street Analyst Weigh In

LTHM has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Livent from $30.00 to $22.00 in a research report on Tuesday, January 10th. Piper Sandler lowered their price objective on shares of Livent from $42.00 to $38.00 and set an “overweight” rating for the company in a research report on Thursday, December 15th. Bank of America cut shares of Livent from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $26.00 to $29.00 in a research report on Thursday, February 16th. Vertical Research upgraded shares of Livent from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Wednesday, January 4th. Finally, Mizuho increased their target price on shares of Livent from $27.00 to $30.00 and gave the stock a “neutral” rating in a report on Thursday, February 16th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $30.21.

About Livent

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Livent Corp. engages in the production of performance lithium compounds. Its products include battery-grade lithium hydroxide, butyllithium, and purity lithium metal which are used in various performance applications. It operates through the following geographical segments: North America, Europe, Middle East, and Africa, Latin America, and Asia Pacific.