W. R. Grace & Co (GRA) Shares Bought by UBS Group AG

UBS Group AG grew its stake in W. R. Grace & Co (NYSE:GRA) by 1.6% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 81,084 shares of the specialty chemicals company’s stock after acquiring an additional 1,296 shares during the period. UBS Group AG owned about 0.12% of W. R. Grace & Co worth $4,965,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in GRA. Bank of New York Mellon Corp raised its stake in shares of W. R. Grace & Co by 3.0% in the 4th quarter. Bank of New York Mellon Corp now owns 394,182 shares of the specialty chemicals company’s stock valued at $27,644,000 after acquiring an additional 11,530 shares during the period. American International Group Inc. purchased a new stake in W. R. Grace & Co during the 4th quarter worth approximately $113,000. Geode Capital Management LLC increased its stake in W. R. Grace & Co by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 536,690 shares of the specialty chemicals company’s stock worth $37,607,000 after buying an additional 8,576 shares during the period. California State Teachers Retirement System increased its stake in W. R. Grace & Co by 1.0% during the 4th quarter. California State Teachers Retirement System now owns 120,291 shares of the specialty chemicals company’s stock worth $8,436,000 after buying an additional 1,248 shares during the period. Finally, Teachers Advisors LLC increased its stake in W. R. Grace & Co by 5.5% during the 4th quarter. Teachers Advisors LLC now owns 2,238,256 shares of the specialty chemicals company’s stock worth $156,969,000 after buying an additional 115,760 shares during the period. 81.51% of the stock is currently owned by institutional investors and hedge funds.

NYSE GRA opened at $74.39 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.56 and a debt-to-equity ratio of 6.23. W. R. Grace & Co has a 52 week low of $58.48 and a 52 week high of $77.37. The company has a market cap of $5.01 billion, a price-to-earnings ratio of 21.88, a PEG ratio of 1.59 and a beta of 1.19.

W. R. Grace & Co (NYSE:GRA) last posted its quarterly earnings results on Wednesday, April 25th. The specialty chemicals company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.73 by $0.09. W. R. Grace & Co had a net margin of 0.68% and a return on equity of 73.16%. The company had revenue of $431.50 million during the quarter, compared to analysts’ expectations of $419.76 million. During the same quarter in the previous year, the business posted $0.68 EPS. The firm’s revenue was up 8.4% on a year-over-year basis. research analysts expect that W. R. Grace & Co will post 3.89 EPS for the current fiscal year.

Several equities research analysts recently weighed in on GRA shares. Credit Suisse Group set a $82.00 target price on shares of W. R. Grace & Co and gave the stock a “buy” rating in a research note on Wednesday, April 25th. Jefferies Financial Group raised shares of W. R. Grace & Co from a “hold” rating to a “buy” rating and set a $70.00 target price on the stock in a research note on Wednesday, May 16th. BMO Capital Markets upped their target price on shares of W. R. Grace & Co from $77.00 to $82.00 and gave the stock an “outperform” rating in a research note on Thursday, April 26th. Zacks Investment Research downgraded shares of W. R. Grace & Co from a “buy” rating to a “hold” rating and set a $80.00 target price on the stock. in a research note on Friday, June 1st. Finally, KeyCorp upped their target price on shares of W. R. Grace & Co from $76.00 to $80.00 and gave the stock an “overweight” rating in a research note on Thursday, April 26th. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $81.60.

W. R. Grace & Co Profile

W. R. Grace & Co produces and sells specialty chemicals and materials worldwide. It operates through two segments, Grace Catalysts Technologies and Grace Materials Technologies. The Grace Catalysts Technologies segment offers fluid catalytic cracking (FCC) catalysts for the production of transportation fuels, such as gasoline and diesel fuels, and other petroleum-based products; FCC additives; and methanol-to-olefins catalysts for the conversion of methanol into petrochemical feeds, including ethylene and propylene.

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Institutional Ownership by Quarter for W. R. Grace & Co (NYSE:GRA)

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