Public Employees Retirement Association of Colorado lowered its position in shares of W. R. Grace & Co (NYSE:GRA) by 3.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,498 shares of the specialty chemicals company’s stock after selling 304 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in W. R. Grace & Co were worth $723,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in GRA. Harvest Group Wealth Management LLC purchased a new position in W. R. Grace & Co during the first quarter valued at $27,000. YorkBridge Wealth Partners LLC purchased a new position in W. R. Grace & Co during the first quarter valued at $49,000. Advisors Preferred LLC purchased a new position in W. R. Grace & Co during the first quarter valued at $76,000. Private Capital Group LLC lifted its position in W. R. Grace & Co by 24.9% during the first quarter. Private Capital Group LLC now owns 1,249 shares of the specialty chemicals company’s stock valued at $97,000 after buying an additional 249 shares during the period. Finally, Campbell & CO Investment Adviser LLC purchased a new position in W. R. Grace & Co during the first quarter valued at $291,000. 87.13% of the stock is owned by institutional investors and hedge funds.
In related news, VP William C. Dockman purchased 1,000 shares of W. R. Grace & Co stock in a transaction dated Friday, August 2nd. The stock was purchased at an average cost of $68.21 per share, for a total transaction of $68,210.00. Following the completion of the acquisition, the vice president now directly owns 8,675 shares of the company’s stock, valued at $591,721.75. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Force Andrew Hudson La III purchased 4,000 shares of W. R. Grace & Co stock in a transaction dated Thursday, August 1st. The shares were bought at an average price of $69.04 per share, with a total value of $276,160.00. Following the completion of the acquisition, the insider now directly owns 96,391 shares of the company’s stock, valued at $6,654,834.64. The disclosure for this purchase can be found here. Insiders have bought 363,875 shares of company stock valued at $23,307,305 over the last 90 days. Corporate insiders own 2.00% of the company’s stock.
Shares of W. R. Grace & Co stock opened at $64.61 on Wednesday. W. R. Grace & Co has a 12 month low of $59.22 and a 12 month high of $79.71. The company has a current ratio of 1.48, a quick ratio of 1.01 and a debt-to-equity ratio of 5.06. The business has a fifty day simple moving average of $72.02 and a two-hundred day simple moving average of $74.63. The firm has a market capitalization of $4.32 billion, a P/E ratio of 15.61, a P/E/G ratio of 1.23 and a beta of 1.02.
W. R. Grace & Co (NYSE:GRA) last issued its quarterly earnings results on Thursday, July 25th. The specialty chemicals company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.02. W. R. Grace & Co had a return on equity of 85.42% and a net margin of 9.31%. The firm had revenue of $513.60 million during the quarter, compared to the consensus estimate of $508.65 million. During the same period last year, the company earned $1.07 earnings per share. The company’s revenue was up 5.7% on a year-over-year basis. Analysts predict that W. R. Grace & Co will post 4.39 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $1.08 annualized dividend and a dividend yield of 1.67%. W. R. Grace & Co’s payout ratio is presently 26.09%.
Several equities analysts have commented on the company. Robert W. Baird set a $81.00 price objective on W. R. Grace & Co and gave the company a “buy” rating in a research report on Friday, July 26th. BMO Capital Markets set a $83.00 price objective on W. R. Grace & Co and gave the company a “buy” rating in a research report on Friday, July 26th. Zacks Investment Research raised W. R. Grace & Co from a “sell” rating to a “hold” rating in a research report on Wednesday, August 14th. Finally, ValuEngine lowered W. R. Grace & Co from a “hold” rating to a “sell” rating in a research report on Saturday, July 27th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $85.50.
About W. R. Grace & Co
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 petrochemicals; FCC additives; and methanol-to-olefins catalysts for the conversion of methanol into petrochemical feeds, including ethylene and propylene.
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