Public Employees Retirement Association of Colorado Lowers Position in W.R. Grace & Co. (GRA)

Public Employees Retirement Association of Colorado trimmed its holdings in shares of W.R. Grace & Co. (NYSE:GRA) by 9.4% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 13,490 shares of the specialty chemicals company’s stock after selling 1,407 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in W.R. Grace & Co. were worth $973,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. APG Asset Management N.V. increased its stake in W.R. Grace & Co. by 9.2% during the 3rd quarter. APG Asset Management N.V. now owns 139,241 shares of the specialty chemicals company’s stock worth $10,046,000 after purchasing an additional 11,700 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in W.R. Grace & Co. during the 3rd quarter worth approximately $528,000. Quantitative Systematic Strategies LLC increased its stake in W.R. Grace & Co. by 158.9% during the 3rd quarter. Quantitative Systematic Strategies LLC now owns 8,475 shares of the specialty chemicals company’s stock worth $611,000 after purchasing an additional 5,202 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in W.R. Grace & Co. by 5.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,487 shares of the specialty chemicals company’s stock worth $179,000 after purchasing an additional 133 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of W.R. Grace & Co. by 266.2% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 49,800 shares of the specialty chemicals company’s stock worth $3,586,000 after acquiring an additional 36,200 shares in the last quarter. 85.73% of the stock is owned by institutional investors and hedge funds.

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GRA has been the subject of several research reports. Zacks Investment Research cut shares of W.R. Grace & Co. from a “hold” rating to a “sell” rating in a research note on Friday, October 20th. KeyCorp reaffirmed a “buy” rating and set a $77.00 price target on shares of W.R. Grace & Co. in a research note on Sunday, September 3rd. Jefferies Group LLC reaffirmed a “hold” rating on shares of W.R. Grace & Co. in a research note on Tuesday, October 3rd. BidaskClub raised shares of W.R. Grace & Co. from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $85.00 price target on shares of W.R. Grace & Co. in a research note on Friday, September 1st. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $81.36.

Shares of W.R. Grace & Co. (GRA) opened at $71.11 on Monday. The company has a market capitalization of $4,818.64, a P/E ratio of 21.10, a PEG ratio of 1.75 and a beta of 1.20. The company has a quick ratio of 1.06, a current ratio of 1.59 and a debt-to-equity ratio of 3.83. W.R. Grace & Co. has a twelve month low of $63.37 and a twelve month high of $77.37.

W.R. Grace & Co. (NYSE:GRA) last released its quarterly earnings data on Wednesday, October 25th. The specialty chemicals company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.81 by $0.09. The company had revenue of $429.50 million during the quarter, compared to the consensus estimate of $411.50 million. W.R. Grace & Co. had a return on equity of 48.03% and a net margin of 8.54%. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.80 EPS. analysts forecast that W.R. Grace & Co. will post 3.39 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 7th. Stockholders of record on Wednesday, November 15th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.18%. The ex-dividend date is Tuesday, November 14th. W.R. Grace & Co.’s payout ratio is presently 39.44%.

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

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