UBS Asset Management Americas Inc. boosted its position in W.R. Grace & Co. (NYSE:GRA) by 14.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 135,522 shares of the company’s stock after buying an additional 17,532 shares during the period. UBS Asset Management Americas Inc. owned approximately 0.19% of W.R. Grace & Co. worth $9,922,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in GRA. Credit Agricole S A purchased a new stake in W.R. Grace & Co. during the first quarter worth $102,000. Fuller & Thaler Asset Management Inc. purchased a new stake in W.R. Grace & Co. during the second quarter worth $117,000. Advisory Services Network LLC purchased a new stake in W.R. Grace & Co. during the second quarter worth $132,000. Strs Ohio raised its stake in W.R. Grace & Co. by 1,860.2% in the second quarter. Strs Ohio now owns 1,823 shares of the company’s stock worth $133,000 after buying an additional 1,730 shares during the last quarter. Finally, BNP Paribas Arbitrage SA raised its stake in W.R. Grace & Co. by 72.9% in the second quarter. BNP Paribas Arbitrage SA now owns 2,141 shares of the company’s stock worth $157,000 after buying an additional 903 shares during the last quarter. Hedge funds and other institutional investors own 83.79% of the company’s stock.
W.R. Grace & Co. (NYSE:GRA) traded down 0.12% during midday trading on Monday, hitting $72.76. The stock had a trading volume of 137,870 shares. W.R. Grace & Co. has a 12-month low of $63.84 and a 12-month high of $101.99. The company has a market cap of $5.12 billion, a price-to-earnings ratio of 71.12 and a beta of 1.46. The company has a 50-day moving average price of $75.90 and a 200-day moving average price of $75.39.
W.R. Grace & Co. (NYSE:GRA) last issued its quarterly earnings results on Monday, August 1st. The company reported $0.74 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.06. W.R. Grace & Co. had a return on equity of 86.16% and a net margin of 3.05%. The business earned $390.50 million during the quarter, compared to the consensus estimate of $407.36 million. During the same period in the previous year, the business earned $1.19 EPS. The business’s quarterly revenue was down 4.1% on a year-over-year basis. Equities analysts anticipate that W.R. Grace & Co. will post $3.07 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 14th. Stockholders of record on Tuesday, August 23rd were issued a $0.17 dividend. The ex-dividend date of this dividend was Friday, August 19th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.93%. W.R. Grace & Co.’s dividend payout ratio (DPR) is 68.69%.
A number of analysts recently weighed in on the stock. Robert W. Baird restated a “neutral” rating and set a $76.00 target price on shares of W.R. Grace & Co. in a research note on Tuesday, August 2nd. TheStreet raised W.R. Grace & Co. from a “hold” rating to a “buy” rating in a report on Friday, August 5th. Seaport Global Securities assumed coverage on W.R. Grace & Co. in a report on Tuesday, September 13th. They issued a “neutral” rating and a $81.00 price target for the company. Zacks Investment Research downgraded W.R. Grace & Co. from a “buy” rating to a “hold” rating in a report on Tuesday, July 5th. Finally, KeyCorp reaffirmed a “buy” rating and issued a $85.00 price target on shares of W.R. Grace & Co. in a report on Thursday, July 14th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. W.R. Grace & Co. has a consensus rating of “Buy” and a consensus target price of $87.91.
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 three segments: Grace Catalysts Technologies, Grace Materials Technologies and Grace Construction Products. Its Grace Catalysts Technologies segment produces and sells catalysts and related products and technologies used in refining, petrochemical and other chemical manufacturing applications, including Fluid catalytic cracking catalysts, Hydroprocessing catalysts, and Polyolefin catalysts and catalyst supports.
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