GCP Applied Technologies Inc (GCP) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System lowered its position in GCP Applied Technologies Inc (NYSE:GCP) by 7.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 106,855 shares of the construction company’s stock after selling 9,100 shares during the period. California Public Employees Retirement System owned approximately 0.15% of GCP Applied Technologies worth $2,623,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Russell Investments Group Ltd. lifted its stake in shares of GCP Applied Technologies by 153.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 157,823 shares of the construction company’s stock worth $4,190,000 after purchasing an additional 95,508 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of GCP Applied Technologies by 292.3% during the 3rd quarter. Wells Fargo & Company MN now owns 419,542 shares of the construction company’s stock worth $11,139,000 after purchasing an additional 312,606 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of GCP Applied Technologies by 7.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,432,610 shares of the construction company’s stock worth $91,137,000 after purchasing an additional 243,560 shares during the last quarter. AXA lifted its stake in shares of GCP Applied Technologies by 263.7% during the 3rd quarter. AXA now owns 37,100 shares of the construction company’s stock worth $985,000 after purchasing an additional 26,900 shares during the last quarter. Finally, Credit Suisse AG lifted its stake in shares of GCP Applied Technologies by 980.8% during the 3rd quarter. Credit Suisse AG now owns 808,691 shares of the construction company’s stock worth $21,471,000 after purchasing an additional 733,865 shares during the last quarter. Hedge funds and other institutional investors own 82.81% of the company’s stock.

In other GCP Applied Technologies news, major shareholder Dalbergia Investments Llc purchased 6,990,798 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was bought at an average cost of $28.95 per share, for a total transaction of $202,383,602.10. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.57% of the company’s stock.

Separately, Zacks Investment Research upgraded GCP Applied Technologies from a “sell” rating to a “hold” rating and set a $29.00 price objective for the company in a research note on Friday, January 11th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $31.75.

GCP Applied Technologies stock traded down $0.30 during midday trading on Monday, reaching $29.34. The company’s stock had a trading volume of 129,120 shares, compared to its average volume of 600,060. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.06 and a current ratio of 2.46. GCP Applied Technologies Inc has a 52-week low of $22.49 and a 52-week high of $32.70. The stock has a market cap of $2.14 billion, a PE ratio of 32.24, a price-to-earnings-growth ratio of 1.51 and a beta of 0.96.

GCP Applied Technologies (NYSE:GCP) last released its quarterly earnings results on Wednesday, February 27th. The construction company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.02. GCP Applied Technologies had a return on equity of 13.74% and a net margin of 1.35%. The company had revenue of $276.00 million during the quarter, compared to analysts’ expectations of $284.36 million. During the same period last year, the business posted $0.24 earnings per share. The firm’s revenue was down 4.7% compared to the same quarter last year. As a group, sell-side analysts predict that GCP Applied Technologies Inc will post 1.1 EPS for the current fiscal year.

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About GCP Applied Technologies

GCP Applied Technologies Inc produces and sells specialty construction chemicals and specialty building materials worldwide. Its Specialty Construction Chemicals segment offers concrete admixtures under the CONCERA, CLARENA, ADVA, STRUX, MIRA, TYTRO, POLARSET, ECLIPSE, DARACEM, DARASET, DCI, RECOVER, WRDA, and ZYLA brands; admixtures for decorative concrete under the PIERI brand; concrete production management and engineered systems under the VERIFI and DUCTILCRETE brands; and cement additives under the OPTEVA HE, TAVERO VM, CBA, SYNCHRO, HEA2, TDA, and ESE brands.

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Institutional Ownership by Quarter for GCP Applied Technologies (NYSE:GCP)

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