Capital Fund Management S.A. increased its stake in W. R. Grace & Co (NYSE:GRA) by 980.3% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 171,803 shares of the specialty chemicals company’s stock after buying an additional 155,900 shares during the quarter. Capital Fund Management S.A. owned 0.25% of W. R. Grace & Co worth $12,049,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of GRA. Cerebellum GP LLC purchased a new position in shares of W. R. Grace & Co in the 4th quarter worth about $124,000. The Manufacturers Life Insurance Company boosted its holdings in shares of W. R. Grace & Co by 5.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,487 shares of the specialty chemicals company’s stock worth $179,000 after buying an additional 133 shares during the last quarter. US Bancorp DE boosted its holdings in shares of W. R. Grace & Co by 87.7% in the 4th quarter. US Bancorp DE now owns 2,943 shares of the specialty chemicals company’s stock worth $206,000 after buying an additional 1,375 shares during the last quarter. Toronto Dominion Bank boosted its holdings in shares of W. R. Grace & Co by 244.1% in the 3rd quarter. Toronto Dominion Bank now owns 2,887 shares of the specialty chemicals company’s stock worth $208,000 after buying an additional 2,048 shares during the last quarter. Finally, Trexquant Investment LP purchased a new position in shares of W. R. Grace & Co in the 3rd quarter worth about $221,000. 85.00% of the stock is currently owned by institutional investors.
In other news, VP Thomas E. Blaser acquired 5,300 shares of the stock in a transaction that occurred on Tuesday, February 13th. The shares were acquired at an average cost of $65.32 per share, for a total transaction of $346,196.00. Following the purchase, the vice president now owns 9,962 shares of the company’s stock, valued at approximately $650,717.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Alfred E. Festa acquired 25,000 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was purchased at an average price of $65.38 per share, for a total transaction of $1,634,500.00. Following the completion of the purchase, the chairman now directly owns 268,935 shares in the company, valued at approximately $17,582,970.30. The disclosure for this purchase can be found here. Insiders own 1.30% of the company’s stock.
A number of equities analysts recently weighed in on GRA shares. Zacks Investment Research downgraded shares of W. R. Grace & Co from a “hold” rating to a “sell” rating in a report on Friday, October 20th. KeyCorp reissued an “overweight” rating and issued a $84.00 price target (up from $77.00) on shares of W. R. Grace & Co in a report on Thursday, October 26th. Jefferies Group reissued a “hold” rating and issued a $77.00 price target on shares of W. R. Grace & Co in a report on Thursday, October 26th. TheStreet downgraded shares of W. R. Grace & Co from a “b-” rating to a “c” rating in a report on Thursday, February 8th. Finally, Seaport Global Securities reissued a “buy” rating and issued a $82.00 price target on shares of W. R. Grace & Co in a report on Monday. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. W. R. Grace & Co presently has an average rating of “Buy” and an average target price of $81.60.
Shares of W. R. Grace & Co (GRA) opened at $66.64 on Friday. W. R. Grace & Co has a 52 week low of $62.58 and a 52 week high of $77.37. The stock has a market capitalization of $4,472.37, a PE ratio of 19.41, a P/E/G ratio of 1.47 and a beta of 1.16. 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 (NYSE:GRA) last announced its quarterly earnings data on Thursday, February 8th. The specialty chemicals company reported $0.98 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.02. W. R. Grace & Co had a return on equity of 57.99% and a net margin of 0.65%. The business had revenue of $459.50 million for the quarter, compared to analysts’ expectations of $453.84 million. During the same period in the previous year, the business posted $0.95 EPS. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. equities analysts anticipate that W. R. Grace & Co will post 3.75 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 22nd. Investors of record on Thursday, March 1st will be paid a $0.24 dividend. This is a boost from W. R. Grace & Co’s previous quarterly dividend of $0.21. This represents a $0.96 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date is Wednesday, February 28th. W. R. Grace & Co’s payout ratio is currently 525.00%.
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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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