GAM Holding AG held its stake in W.R. Grace & Co. (NYSE:GRA) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,854 shares of the specialty chemicals company’s stock at the end of the 2nd quarter. GAM Holding AG’s holdings in W.R. Grace & Co. were worth $278,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Teachers Advisors LLC increased its holdings in shares of W.R. Grace & Co. by 191.5% in the first quarter. Teachers Advisors LLC now owns 1,782,872 shares of the specialty chemicals company’s stock worth $124,284,000 after purchasing an additional 1,171,266 shares during the period. TIAA CREF Investment Management LLC increased its holdings in shares of W.R. Grace & Co. by 70.4% in the first quarter. TIAA CREF Investment Management LLC now owns 2,058,989 shares of the specialty chemicals company’s stock worth $143,532,000 after purchasing an additional 850,772 shares during the period. MARSHALL WACE ASIA Ltd bought a new position in shares of W.R. Grace & Co. in the first quarter worth $16,352,000. Marshall Wace North America L.P. bought a new position in shares of W.R. Grace & Co. in the first quarter worth $16,352,000. Finally, UBS Oconnor LLC increased its holdings in shares of W.R. Grace & Co. by 347.7% in the first quarter. UBS Oconnor LLC now owns 199,403 shares of the specialty chemicals company’s stock worth $13,900,000 after purchasing an additional 154,861 shares during the period. 84.78% of the stock is currently owned by institutional investors and hedge funds.
Several research firms have recently weighed in on GRA. Zacks Investment Research raised shares of W.R. Grace & Co. from a “sell” rating to a “hold” rating in a report on Monday, May 22nd. Jefferies Group LLC reiterated a “hold” rating and issued a $70.00 target price on shares of W.R. Grace & Co. in a research report on Friday, June 16th. Vertical Research assumed coverage on shares of W.R. Grace & Co. in a research report on Thursday, May 25th. They issued a “buy” rating and a $81.00 target price for the company. KeyCorp reiterated a “buy” rating and issued a $77.00 target price on shares of W.R. Grace & Co. in a research report on Sunday, September 3rd. Finally, BidaskClub upgraded shares of W.R. Grace & Co. from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $79.92.
W.R. Grace & Co. (NYSE:GRA) traded up 0.01% during mid-day trading on Friday, reaching $72.46. 32,183 shares of the company’s stock traded hands. W.R. Grace & Co. has a one year low of $63.37 and a one year high of $75.09. The firm has a market cap of $4.94 billion, a price-to-earnings ratio of 35.28 and a beta of 1.11. The firm’s 50-day moving average price is $69.53 and its 200 day moving average price is $70.10.
W.R. Grace & Co. (NYSE:GRA) last issued its quarterly earnings data on Thursday, July 27th. The specialty chemicals company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.04. W.R. Grace & Co. had a net margin of 8.20% and a return on equity of 43.88%. The business had revenue of $429.50 million during the quarter, compared to analysts’ expectations of $407.72 million. During the same period last year, the company posted $0.74 EPS. The business’s revenue was up 10.0% on a year-over-year basis. On average, equities analysts forecast that W.R. Grace & Co. will post $3.37 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 7th. Investors of record on Thursday, August 17th were paid a dividend of $0.21 per share. The ex-dividend date was Tuesday, August 15th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.16%. W.R. Grace & Co.’s dividend payout ratio is presently 42.21%.
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W.R. Grace & Co. Company Profile
W. R. Grace & Co (Grace) is engaged in the production and sale of specialty chemicals and specialty materials. The Company operates in two segments: Grace Catalysts Technologies and Grace Materials Technologies. The Grace Catalysts Technologies segment includes catalysts and related products and technologies used in refining, petrochemical and other chemical manufacturing applications.
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