Andra AP fonden Has $3.05 Million Stake in W.R. Grace & Co. (NYSE:GRA)

Andra AP fonden lowered its stake in W.R. Grace & Co. (NYSE:GRA) by 3.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 42,300 shares of the specialty chemicals company’s stock after selling 1,600 shares during the period. Andra AP fonden owned 0.06% of W.R. Grace & Co. worth $3,046,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Prudential Financial Inc. boosted its holdings in W.R. Grace & Co. by 4.6% in the second quarter. Prudential Financial Inc. now owns 4,553 shares of the specialty chemicals company’s stock valued at $328,000 after acquiring an additional 200 shares in the last quarter. Iridian Asset Management LLC CT boosted its holdings in shares of W.R. Grace & Co. by 2.1% during the 2nd quarter. Iridian Asset Management LLC CT now owns 3,362,061 shares of the specialty chemicals company’s stock valued at $242,102,000 after buying an additional 70,650 shares in the last quarter. Twin Capital Management Inc. boosted its holdings in shares of W.R. Grace & Co. by 91.9% during the 2nd quarter. Twin Capital Management Inc. now owns 21,887 shares of the specialty chemicals company’s stock valued at $1,576,000 after buying an additional 10,484 shares in the last quarter. MUFG Americas Holdings Corp bought a new stake in shares of W.R. Grace & Co. during the 2nd quarter valued at $223,000. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of W.R. Grace & Co. by 1.9% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 192,301 shares of the specialty chemicals company’s stock valued at $13,848,000 after buying an additional 3,519 shares in the last quarter. Institutional investors and hedge funds own 84.78% of the company’s stock.

A number of brokerages have recently commented on GRA. TheStreet upgraded shares of W.R. Grace & Co. from a “c” rating to a “b-” rating in a report on Thursday, June 1st. Aegis reaffirmed a “buy” rating on shares of W.R. Grace & Co. in a research report on Wednesday, May 31st. KeyCorp reaffirmed a “buy” rating and issued a $77.00 price target on shares of W.R. Grace & Co. in a research report on Sunday, September 3rd. Vertical Research initiated coverage on W.R. Grace & Co. in a research report on Thursday, May 25th. They issued a “buy” rating and a $81.00 price target for the company. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $85.00 price target on shares of W.R. Grace & Co. in a research report on Friday, September 1st. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $79.92.

Shares of W.R. Grace & Co. (NYSE GRA) opened at 72.79 on Friday. W.R. Grace & Co. has a 52-week low of $63.37 and a 52-week high of $75.09. The stock has a market cap of $4.97 billion, a price-to-earnings ratio of 35.44 and a beta of 1.11. The stock’s 50 day moving average is $69.62 and its 200 day moving average is $70.11.

W.R. Grace & Co. (NYSE:GRA) last announced its earnings results on Thursday, July 27th. The specialty chemicals company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.04. The firm had revenue of $429.50 million during the quarter, compared to analysts’ expectations of $407.72 million. W.R. Grace & Co. had a return on equity of 43.88% and a net margin of 8.20%. The business’s revenue was up 10.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.74 EPS. On average, equities analysts predict that W.R. Grace & Co. will post $3.37 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, September 7th. Investors of record on Thursday, August 17th were given a $0.21 dividend. The ex-dividend date of this dividend was Tuesday, August 15th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.15%. W.R. Grace & Co.’s dividend payout ratio (DPR) 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.

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

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