J. Safra Sarasin Holding 13F: Cuts Albemarle (ALB) Stake by $13M
Key Points
- After the reduction, J. Safra Sarasin holds 32,936 shares in Albemarle, representing 0.15% of its total portfolio valued at about $2.37 billion.
- Albemarle closed at $93.67 on October 23, 2026, and recently traded around $93.42, slightly below its prior close.
- Analysts have mixed views on Albemarle, with ratings ranging from Equal-Weight to Buy, and price targets between $109 and $185.
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J. Safra Sarasin Holding has reduced its stake in Albemarle Corporation (NYSE: ALB) by 117,076 shares, valued at about $12.9 million, in a filing on October 26, 2026. This adjustment brings the total number of shares held by the fund to 32,936. The information comes from the fund's latest Form 13F filing with the SEC.
ALB
Albemarle Corporation
Where Albemarle Fits in J. Safra Sarasin's Portfolio
This position now accounts for 0.15% of J. Safra Sarasin's total reported value of approximately $2.37 billion. The fund ranks 52 out of 800 positions in its portfolio, reflecting a significant decrease of about 78% from its previous holding of 150,012 shares.
Other Institutional Activity in Albemarle
Barclays Plc increased its holdings by 2,060,823 shares, totaling about 3,296,551 shares worth approximately $307.96 million. Meanwhile, Primecap Management Company slightly reduced its stake by 12,791 shares, leaving it with 2,652,009 shares valued at around $247.75 million.
Albemarle Corporation Stock Up 1.0%
Albemarle's shares closed at $93.67 on October 23, 2026, and have recently traded around $93.42, which is slightly below the closing price. The stock has seen a significant reduction in this position, which may indicate a cautious approach from J. Safra Sarasin amid current market conditions.
Recent Earnings
Albemarle reported trailing twelve-month revenue of approximately $5.91 billion, with an earnings per share (EPS) of $0.27. The company is scheduled to announce its next earnings on November 4, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
8 analysts raised price targets.
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EPS & revenue
EPS beat estimates by 166.8%. Revenue beat estimates by 7.2%.
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Profit surprise
EBITDA missed by 36 percent. Operating income beat by 41 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
8 target raises.
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Earnings quality
Gross margin up 20.7 points. Operating margin up 14.7 points. Positive free cash flow.
Earnings Call Summary
Albemarle had a strong first quarter with $1.43 billion in revenue, up 33 percent from last year, and $664 million in adjusted earnings, more than double the prior year. The company benefited from higher lithium prices (up 51 percent), increased volumes in Energy Storage of 14 percent, and successful cost cutting that saved $40 million so far this year. The company paid down $1.3 billion of debt, improving its financial flexibility, and generated $248 million in free cash flow in the quarter.
Guidance Management raised their full year outlook for the Specialties business, now expecting between $1.3 billion and $1.5 billion in sales and $225 million to $275 million in adjusted earnings. They kept their Energy Storage outlook unchanged despite supply chain disruptions from the Middle East, estimating the cost impact at $70 million to $90 million. The company expects to offset these costs through lower interest expense from debt paydown and better than expected Specialties pricing and volumes.
Good report. The company beat and showed some forward improvement, with a few meaningful caveats.
Dividend
Albemarle pays an annual dividend of $1.64 per share, which results in a high payout ratio of 600%. This indicates a commitment to returning value to shareholders, despite its relatively low net margin of 3.8%.
Insider Buying and Selling at Albemarle Corporation
CEO Jerry Kent Masters Jr. has sold shares in Albemarle, with two notable transactions earlier this year. On March 10, 2026, he sold 11,783 shares valued at about $2.01 million, and on May 15, 2026, he sold 16,393 shares for approximately $3.01 million. These sales were not part of a planned trading strategy.
Analysts Set New Price Targets
On October 13, 2026, Barclays initiated coverage with an Equal-Weight rating and a target of $109. Mizuho upgraded its rating to Outperform with a target of $130 on October 14, while RBC Capital maintained its Outperform rating with a target of $129 on October 15. Truist Securities and Citigroup also maintained their Buy ratings, with targets of $185 and $125 respectively, reflecting varying confidence levels among analysts.
About Albemarle Corporation
Albemarle Corporation is a global provider of energy storage solutions, primarily focusing on lithium compounds for batteries used in consumer electronics and electric vehicles. The company operates in three segments: Energy Storage, Specialties, and Ketjen, playing a crucial role in the growing demand for sustainable energy solutions.
Bottom Line
Investors should watch for Albemarle's upcoming earnings report on November 4, 2026, as it may provide insights into the company's performance amid shifting market dynamics. J. Safra Sarasin's recent filing reflects a substantial adjustment in its position, which could signal changes in investment strategy or market outlook.
Related Filing Alerts
Source: J. Safra Sarasin Holding's 13F filing on $ALB (Oct 26, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts