UBS Asset Management Americas Inc. lowered its stake in W. R. Grace & Co (NYSE:GRA) by 5.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 166,484 shares of the specialty chemicals company’s stock after selling 9,778 shares during the quarter. UBS Asset Management Americas Inc. owned about 0.25% of W. R. Grace & Co worth $11,676,000 as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of the company. Deprince Race & Zollo Inc. lifted its holdings in shares of W. R. Grace & Co by 29.3% in the 3rd quarter. Deprince Race & Zollo Inc. now owns 23,620 shares of the specialty chemicals company’s stock worth $1,704,000 after purchasing an additional 5,350 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of W. R. Grace & Co by 2.9% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 286,656 shares of the specialty chemicals company’s stock valued at $20,683,000 after purchasing an additional 8,070 shares during the period. Principal Financial Group Inc. increased its position in shares of W. R. Grace & Co by 74.5% during the 3rd quarter. Principal Financial Group Inc. now owns 9,798 shares of the specialty chemicals company’s stock valued at $707,000 after purchasing an additional 4,183 shares during the period. GSA Capital Partners LLP increased its position in shares of W. R. Grace & Co by 200.8% during the 3rd quarter. GSA Capital Partners LLP now owns 22,455 shares of the specialty chemicals company’s stock valued at $1,620,000 after purchasing an additional 14,990 shares during the period. Finally, Allen Investment Management LLC acquired a new position in shares of W. R. Grace & Co during the 3rd quarter valued at $404,000. Institutional investors and hedge funds own 86.48% of the company’s stock.
Shares of W. R. Grace & Co (GRA) traded down $0.29 on Wednesday, hitting $66.40. 884,614 shares of the stock traded hands, compared to its average volume of 735,006. The company has a debt-to-equity ratio of 5.79, a current ratio of 1.63 and a quick ratio of 1.11. The company has a market capitalization of $4,510.00, a PE ratio of 29.38, a PEG ratio of 1.50 and a beta of 1.20. W. R. Grace & Co has a 12 month low of $62.58 and a 12 month high of $77.37.
W. R. Grace & Co (NYSE:GRA) last posted its quarterly earnings results on Thursday, February 8th. The specialty chemicals company reported $0.98 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.02. W. R. Grace & Co had a net margin of 0.65% and a return on equity of 63.39%. The business had revenue of $459.50 million for the quarter, compared to analyst estimates of $453.84 million. During the same quarter last year, the business posted $0.95 EPS. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. sell-side analysts forecast that W. R. Grace & Co will post 3.75 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 22nd. Stockholders of record on Thursday, March 1st will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date is Wednesday, February 28th. This is a positive change from W. R. Grace & Co’s previous quarterly dividend of $0.21. W. R. Grace & Co’s payout ratio is 42.48%.
GRA has been the subject of several research reports. Zacks Investment Research lowered W. R. Grace & Co from a “buy” rating to a “hold” rating in a research note on Tuesday, December 26th. Seaport Global Securities reissued a “buy” rating and set a $82.00 price objective on shares of W. R. Grace & Co in a research report on Monday, February 12th. Finally, TheStreet lowered W. R. Grace & Co from a “b-” rating to a “c” rating in a report on Thursday, February 8th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. W. R. Grace & Co has an average rating of “Buy” and an average price target of $81.60.
In related news, VP Elizabeth C. Brown purchased 3,700 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was purchased at an average cost of $67.17 per share, with a total value of $248,529.00. Following the completion of the purchase, the vice president now owns 4,898 shares in the company, valued at approximately $328,998.66. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman Alfred E. Festa purchased 25,000 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was bought at an average cost of $65.38 per share, with a total value of $1,634,500.00. Following the completion of the purchase, the chairman now owns 268,935 shares of the company’s stock, valued at approximately $17,582,970.30. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 34,000 shares of company stock worth $2,229,225. 1.30% of the stock is owned by company insiders.
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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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