W.R. Grace & Co. (GRA) Position Reduced by Dynamic Technology Lab Private Ltd
Dynamic Technology Lab Private Ltd cut its position in W.R. Grace & Co. (NYSE:GRA) by 63.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,464 shares of the company’s stock after selling 9,428 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in W.R. Grace & Co. were worth $400,000 as of its most recent filing with the SEC.
Other hedge funds have also recently bought and sold shares of the company. Credit Agricole S A purchased a new stake in W.R. Grace & Co. during the first quarter worth approximately $102,000. Fuller & Thaler Asset Management Inc. purchased a new stake in W.R. Grace & Co. during the second quarter worth approximately $117,000. Advisory Services Network LLC purchased a new stake in W.R. Grace & Co. during the second quarter worth approximately $132,000. Strs Ohio increased its stake in W.R. Grace & Co. by 1,860.2% in the second quarter. Strs Ohio now owns 1,823 shares of the company’s stock worth $133,000 after buying an additional 1,730 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its stake in W.R. Grace & Co. by 72.9% in the second quarter. BNP Paribas Arbitrage SA now owns 2,141 shares of the company’s stock worth $157,000 after buying an additional 903 shares in the last quarter. 83.79% of the stock is currently owned by institutional investors.
W.R. Grace & Co. (NYSE:GRA) opened at 73.13 on Friday. The stock has a market cap of $5.14 billion, a P/E ratio of 71.49 and a beta of 1.46. W.R. Grace & Co. has a one year low of $63.84 and a one year high of $101.99. The stock’s 50 day moving average price is $75.98 and its 200-day moving average price is $75.38.
W.R. Grace & Co. (NYSE:GRA) last announced its quarterly earnings data on Monday, August 1st. The company reported $0.74 EPS for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.06. The firm had revenue of $390.50 million for the quarter, compared to analyst estimates of $407.36 million. W.R. Grace & Co. had a return on equity of 86.16% and a net margin of 3.05%. The business’s quarterly revenue was down 4.1% compared to the same quarter last year. During the same period last year, the company earned $1.19 EPS. On average, analysts predict that W.R. Grace & Co. will post $3.07 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 14th. Stockholders of record on Tuesday, August 23rd were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date was Friday, August 19th. W.R. Grace & Co.’s dividend payout ratio (DPR) is currently 68.69%.
A number of analysts have recently commented on GRA shares. KeyCorp reissued a “buy” rating and issued a $85.00 price objective on shares of W.R. Grace & Co. in a research note on Thursday, July 14th. Jefferies Group reissued a “buy” rating on shares of W.R. Grace & Co. in a research note on Wednesday, July 6th. TheStreet raised W.R. Grace & Co. from a “hold” rating to a “buy” rating in a research note on Friday, August 5th. Zacks Investment Research raised W.R. Grace & Co. from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 3rd. Finally, Seaport Global Securities initiated coverage on W.R. Grace & Co. in a research note on Tuesday, September 13th. They issued a “neutral” rating and a $81.00 price objective on the stock. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $87.91.
About W.R. Grace & Co.
W.R. Grace & Co (Grace) is engaged in the production and sale of specialty chemicals and specialty materials. The Company operates in three segments: Grace Catalysts Technologies, Grace Materials Technologies and Grace Construction Products. Its Grace Catalysts Technologies segment produces and sells catalysts and related products and technologies used in refining, petrochemical and other chemical manufacturing applications, including Fluid catalytic cracking catalysts, Hydroprocessing catalysts, and Polyolefin catalysts and catalyst supports.
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