California Public Employees Retirement System Acquires 9,828 Shares of W.R. Grace & Co. (GRA)

California Public Employees Retirement System increased its stake in W.R. Grace & Co. (NYSE:GRA) by 7.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 148,828 shares of the specialty chemicals company’s stock after purchasing an additional 9,828 shares during the quarter. California Public Employees Retirement System owned 0.22% of W.R. Grace & Co. worth $10,738,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. TIAA CREF Investment Management LLC grew its stake in W.R. Grace & Co. by 68.9% during the second quarter. TIAA CREF Investment Management LLC now owns 3,477,805 shares of the specialty chemicals company’s stock valued at $250,437,000 after acquiring an additional 1,418,816 shares in the last quarter. Point72 Asset Management L.P. grew its stake in W.R. Grace & Co. by 2,472.5% during the third quarter. Point72 Asset Management L.P. now owns 905,520 shares of the specialty chemicals company’s stock valued at $65,333,000 after acquiring an additional 870,320 shares in the last quarter. Teachers Advisors LLC grew its stake in W.R. Grace & Co. by 25.2% during the second quarter. Teachers Advisors LLC now owns 2,232,160 shares of the specialty chemicals company’s stock valued at $160,738,000 after acquiring an additional 449,288 shares in the last quarter. Alleghany Corp DE purchased a new position in W.R. Grace & Co. during the third quarter valued at $25,973,000. Finally, Vanguard Group Inc. grew its stake in W.R. Grace & Co. by 1.7% during the second quarter. Vanguard Group Inc. now owns 5,895,867 shares of the specialty chemicals company’s stock valued at $424,561,000 after acquiring an additional 98,017 shares in the last quarter. Institutional investors own 84.79% of the company’s stock.

Several research firms recently weighed in on GRA. Zacks Investment Research raised shares of W.R. Grace & Co. from a “strong sell” rating to a “hold” rating and set a $85.00 target price for the company in a research note on Friday, October 27th. Jefferies Group reaffirmed a “hold” rating and set a $77.00 target price on shares of W.R. Grace & Co. in a research note on Thursday, October 26th. KeyCorp reissued an “overweight” rating and issued a $84.00 price objective (up from $77.00) on shares of W.R. Grace & Co. in a research note on Thursday, October 26th. Finally, Loop Capital began coverage on shares of W.R. Grace & Co. in a research note on Thursday, September 28th. They issued a “buy” rating and a $81.00 price objective for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $81.60.

Shares of W.R. Grace & Co. (NYSE GRA) opened at $73.86 on Friday. W.R. Grace & Co. has a twelve month low of $65.84 and a twelve month high of $77.37. The firm has a market cap of $5,000.00, a PE ratio of 33.42, a P/E/G ratio of 1.64 and a beta of 1.17. The company has a current ratio of 1.59, a quick ratio of 1.06 and a debt-to-equity ratio of 3.83.

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

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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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