Swift Run Capital Management LLC increased its stake in W.R. Grace & Co. (NYSE:GRA) by 43.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 92,842 shares of the company’s stock after buying an additional 27,980 shares during the period. W.R. Grace & Co. comprises approximately 4.3% of Swift Run Capital Management LLC’s portfolio, making the stock its 10th largest position. Swift Run Capital Management LLC’s holdings in W.R. Grace & Co. were worth $6,797,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC raised its position in W.R. Grace & Co. by 5.5% in the first quarter. Geode Capital Management LLC now owns 424,576 shares of the company’s stock valued at $30,203,000 after buying an additional 21,975 shares in the last quarter. Pictet Asset Management Ltd. acquired a new stake in W.R. Grace & Co. during the first quarter valued at approximately $1,437,000. Credit Agricole S A acquired a new stake in W.R. Grace & Co. during the first quarter valued at approximately $102,000. BlackRock Group LTD increased its stake in W.R. Grace & Co. by 310.4% in the first quarter. BlackRock Group LTD now owns 231,079 shares of the company’s stock valued at $16,450,000 after buying an additional 174,778 shares during the last quarter. Finally, Banbury Partners LLC increased its stake in W.R. Grace & Co. by 68.0% in the first quarter. Banbury Partners LLC now owns 214,118 shares of the company’s stock valued at $15,241,000 after buying an additional 86,684 shares during the last quarter. 83.79% of the stock is owned by hedge funds and other institutional investors.
Shares of W.R. Grace & Co. (NYSE:GRA) traded down 0.79% on Friday, hitting $69.01. The company had a trading volume of 465,095 shares. The stock’s 50-day moving average is $74.38 and its 200 day moving average is $75.53. The company has a market capitalization of $4.85 billion, a price-to-earnings ratio of 67.46 and a beta of 1.40. W.R. Grace & Co. has a 52 week low of $63.84 and a 52 week high of $101.99.
W.R. Grace & Co. (NYSE:GRA) last released its quarterly earnings results on Monday, August 1st. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates 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 company earned $390.50 million during the quarter, compared to analysts’ expectations of $407.36 million. During the same period last year, the business posted $1.19 earnings per share. The firm’s revenue was down 4.1% compared to the same quarter last year. Equities analysts expect that W.R. Grace & Co. will post $3.07 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 14th. Shareholders of record on Tuesday, August 23rd were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend was Friday, August 19th. W.R. Grace & Co.’s dividend payout ratio (DPR) is presently 68.69%.
Several research firms recently commented on GRA. TheStreet upgraded W.R. Grace & Co. from a “hold” rating to a “buy” rating in a report on Friday, August 5th. Robert W. Baird reiterated a “neutral” rating and issued a $76.00 price objective on shares of W.R. Grace & Co. in a report on Tuesday, August 2nd. Zacks Investment Research downgraded W.R. Grace & Co. from a “hold” rating to a “sell” rating in a report on Thursday, July 14th. KeyCorp reiterated a “buy” rating and issued a $85.00 price objective on shares of W.R. Grace & Co. in a report on Thursday, July 14th. Finally, Seaport Global Securities began coverage on W.R. Grace & Co. in a report on Tuesday, September 13th. They issued a “neutral” rating and a $81.00 price objective for the company. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $87.36.
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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