Russell Investments Group Ltd. Buys 104,267 Shares of W. R. Grace & Co (GRA)

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Russell Investments Group Ltd. increased its stake in W. R. Grace & Co (NYSE:GRA) by 1,262.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 112,529 shares of the specialty chemicals company’s stock after buying an additional 104,267 shares during the quarter. Russell Investments Group Ltd. owned about 0.17% of W. R. Grace & Co worth $8,042,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of GRA. Meadow Creek Investment Management LLC acquired a new stake in W. R. Grace & Co during the 2nd quarter valued at approximately $103,000. Neuburgh Advisers LLC acquired a new stake in W. R. Grace & Co during the 2nd quarter valued at approximately $142,000. Tyers Asset Management LLC acquired a new stake in W. R. Grace & Co during the 2nd quarter valued at approximately $181,000. Flinton Capital Management LLC acquired a new stake in W. R. Grace & Co during the 2nd quarter valued at approximately $219,000. Finally, IBM Retirement Fund acquired a new stake in W. R. Grace & Co during the 2nd quarter valued at approximately $222,000. Hedge funds and other institutional investors own 86.03% of the company’s stock.

A number of equities research analysts have weighed in on GRA shares. Zacks Investment Research upgraded W. R. Grace & Co from a “hold” rating to a “buy” rating and set a $73.00 price objective for the company in a research note on Thursday, November 1st. ValuEngine upgraded W. R. Grace & Co from a “sell” rating to a “hold” rating in a research note on Saturday, October 6th. KeyCorp lowered their price objective on W. R. Grace & Co from $85.00 to $80.00 and set an “overweight” rating for the company in a research note on Thursday, October 25th. BMO Capital Markets set a $86.00 price objective on W. R. Grace & Co and gave the company a “buy” rating in a research note on Thursday, October 25th. Finally, Credit Suisse Group raised their price objective on W. R. Grace & Co from $82.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, July 27th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $82.22.

Shares of GRA opened at $63.85 on Monday. The company has a market capitalization of $4.28 billion, a PE ratio of 18.78, a PEG ratio of 1.33 and a beta of 1.30. The company has a quick ratio of 0.99, a current ratio of 1.59 and a debt-to-equity ratio of 7.01. W. R. Grace & Co has a 52 week low of $58.48 and a 52 week high of $75.59.

W. R. Grace & Co (NYSE:GRA) last issued its earnings results on Wednesday, October 24th. The specialty chemicals company reported $1.11 EPS for the quarter, topping the consensus estimate of $1.02 by $0.09. The company had revenue of $494.90 million during the quarter, compared to analyst estimates of $472.23 million. W. R. Grace & Co had a positive return on equity of 98.65% and a negative net margin of 1.31%. The business’s revenue was up 15.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.90 EPS. Equities analysts expect that W. R. Grace & Co will post 4.01 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 5th. Stockholders of record on Wednesday, November 14th will be given a $0.24 dividend. The ex-dividend date is Tuesday, November 13th. This represents a $0.96 annualized dividend and a dividend yield of 1.50%. W. R. Grace & Co’s payout ratio is 28.24%.

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W. R. Grace & Co Profile

W. R. Grace & Co produces and sells specialty chemicals and materials worldwide. It operates through two segments, Grace Catalysts Technologies and Grace Materials Technologies. The Grace Catalysts Technologies segment offers fluid catalytic cracking (FCC) catalysts for the production of transportation fuels, such as gasoline and diesel fuels, and other petroleum-based products; FCC additives; and methanol-to-olefins catalysts for the conversion of methanol into petrochemical feeds, including ethylene and propylene.

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Institutional Ownership by Quarter for W. R. Grace & Co (NYSE:GRA)

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