6,298 Shares in W. R. Grace & Co (GRA) Purchased by 361 Capital LLC

361 Capital LLC bought a new stake in W. R. Grace & Co (NYSE:GRA) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,298 shares of the specialty chemicals company’s stock, valued at approximately $491,000.

A number of other institutional investors also recently modified their holdings of the business. Norges Bank bought a new position in shares of W. R. Grace & Co during the fourth quarter valued at $54,688,000. Iridian Asset Management LLC CT raised its stake in shares of W. R. Grace & Co by 9.9% during the fourth quarter. Iridian Asset Management LLC CT now owns 2,903,312 shares of the specialty chemicals company’s stock valued at $188,454,000 after acquiring an additional 262,599 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in shares of W. R. Grace & Co during the fourth quarter valued at $4,414,000. Diamond Hill Capital Management Inc. raised its stake in shares of W. R. Grace & Co by 1,805.6% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 110,794 shares of the specialty chemicals company’s stock valued at $7,192,000 after acquiring an additional 104,980 shares during the last quarter. Finally, New York State Common Retirement Fund raised its stake in shares of W. R. Grace & Co by 7.6% during the fourth quarter. New York State Common Retirement Fund now owns 288,543 shares of the specialty chemicals company’s stock valued at $18,729,000 after acquiring an additional 20,429 shares during the last quarter. Hedge funds and other institutional investors own 87.40% of the company’s stock.

In other W. R. Grace & Co news, VP William C. Dockman sold 4,717 shares of W. R. Grace & Co stock in a transaction on Monday, May 6th. The shares were sold at an average price of $76.49, for a total value of $360,803.33. Following the completion of the sale, the vice president now directly owns 11,013 shares of the company’s stock, valued at $842,384.37. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Mark A. Shelnitz sold 11,792 shares of W. R. Grace & Co stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $76.36, for a total transaction of $900,437.12. Following the completion of the sale, the vice president now directly owns 76,253 shares of the company’s stock, valued at $5,822,679.08. The disclosure for this sale can be found here. 2.00% of the stock is owned by company insiders.

Shares of NYSE GRA opened at $70.64 on Friday. W. R. Grace & Co has a twelve month low of $59.22 and a twelve month high of $78.93. The firm has a market cap of $4.89 billion, a P/E ratio of 17.06, a PEG ratio of 1.35 and a beta of 1.03. The company has a quick ratio of 1.04, a current ratio of 1.54 and a debt-to-equity ratio of 5.54.

W. R. Grace & Co (NYSE:GRA) last announced its earnings results on Thursday, April 25th. The specialty chemicals company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.05. W. R. Grace & Co had a net margin of 7.55% and a return on equity of 89.86%. The business had revenue of $469.50 million during the quarter, compared to the consensus estimate of $464.99 million. During the same quarter last year, the firm earned $0.82 earnings per share. W. R. Grace & Co’s quarterly revenue was up 8.8% on a year-over-year basis. On average, research analysts predict that W. R. Grace & Co will post 4.57 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Thursday, May 16th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date is Wednesday, May 15th. W. R. Grace & Co’s dividend payout ratio is presently 26.09%.

Several equities analysts have recently issued reports on the stock. BMO Capital Markets set a $90.00 price target on shares of W. R. Grace & Co and gave the company a “buy” rating in a research note on Thursday, May 2nd. Zacks Investment Research raised shares of W. R. Grace & Co from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a research note on Friday, February 15th. Berenberg Bank started coverage on shares of W. R. Grace & Co in a research note on Thursday, March 21st. They set a “buy” rating and a $95.00 target price for the company. Finally, TheStreet raised shares of W. R. Grace & Co from a “c” rating to a “b” rating in a research note on Friday, February 8th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $86.75.

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

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