Metropolitan Life Insurance Co. NY raised its position in GCP Applied Technologies Inc (NYSE:GCP) by 370.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,598 shares of the construction company’s stock after purchasing an additional 18,584 shares during the quarter. Metropolitan Life Insurance Co. NY’s holdings in GCP Applied Technologies were worth $579,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the stock. Whitener Capital Management Inc. increased its holdings in GCP Applied Technologies by 193.0% during the fourth quarter. Whitener Capital Management Inc. now owns 1,670 shares of the construction company’s stock valued at $40,000 after buying an additional 1,100 shares during the period. Bank of Montreal Can increased its holdings in GCP Applied Technologies by 15.5% during the fourth quarter. Bank of Montreal Can now owns 3,617 shares of the construction company’s stock valued at $89,000 after buying an additional 485 shares during the period. Quantamental Technologies LLC purchased a new position in GCP Applied Technologies during the fourth quarter valued at approximately $104,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in GCP Applied Technologies by 19.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,708 shares of the construction company’s stock valued at $116,000 after buying an additional 773 shares during the period. Finally, Oppenheimer Asset Management Inc. purchased a new position in GCP Applied Technologies during the fourth quarter valued at approximately $155,000. 82.74% of the stock is currently owned by institutional investors.
Shares of GCP opened at $28.76 on Friday. GCP Applied Technologies Inc has a twelve month low of $22.49 and a twelve month high of $32.70. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.46 and a quick ratio of 2.06. The company has a market capitalization of $2.06 billion, a price-to-earnings ratio of 31.60, a PEG ratio of 1.43 and a beta of 0.96.
In related news, major shareholder Dalbergia Investments Llc acquired 6,990,798 shares of the stock in a transaction dated Thursday, March 14th. The stock was acquired at an average cost of $28.95 per share, for a total transaction of $202,383,602.10. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.57% of the company’s stock.
Separately, Zacks Investment Research downgraded shares of GCP Applied Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 17th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $31.75.
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GCP Applied Technologies Company Profile
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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