Gilder Gagnon Howe & Co. LLC decreased its position in W.R. Grace & Co. (NYSE:GRA) by 13.8% during the second quarter, Holdings Channel reports. The institutional investor owned 205,484 shares of the specialty chemicals company’s stock after selling 32,963 shares during the period. Gilder Gagnon Howe & Co. LLC’s holdings in W.R. Grace & Co. were worth $14,797,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Daiwa Securities Group Inc. increased its stake in W.R. Grace & Co. by 22.9% in the second quarter. Daiwa Securities Group Inc. now owns 2,150 shares of the specialty chemicals company’s stock worth $155,000 after buying an additional 400 shares in the last quarter. US Bancorp DE increased its stake in W.R. Grace & Co. by 7.2% in the first quarter. US Bancorp DE now owns 2,284 shares of the specialty chemicals company’s stock worth $159,000 after buying an additional 154 shares in the last quarter. LS Investment Advisors LLC increased its stake in W.R. Grace & Co. by 13.4% in the second quarter. LS Investment Advisors LLC now owns 2,517 shares of the specialty chemicals company’s stock worth $181,000 after buying an additional 298 shares in the last quarter. World Asset Management Inc acquired a new stake in W.R. Grace & Co. during the second quarter worth $221,000. Finally, Achmea Investment Management B.V. acquired a new stake in W.R. Grace & Co. during the first quarter worth $226,000. Hedge funds and other institutional investors own 83.89% of the company’s stock.

W.R. Grace & Co. (NYSE GRA) opened at 68.39 on Tuesday. The firm’s 50 day moving average price is $70.85 and its 200-day moving average price is $70.34. W.R. Grace & Co. has a one year low of $63.37 and a one year high of $80.56. The company has a market capitalization of $4.67 billion, a PE ratio of 33.30 and a beta of 1.12.

W.R. Grace & Co. (NYSE:GRA) last announced its quarterly earnings data on Thursday, July 27th. The specialty chemicals company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.04. W.R. Grace & Co. had a return on equity of 43.88% and a net margin of 8.20%. The business had revenue of $429.50 million during the quarter, compared to the consensus estimate of $407.72 million. During the same period in the prior year, the company earned $0.74 EPS. W.R. Grace & Co.’s revenue for the quarter was up 10.0% on a year-over-year basis. Equities analysts forecast that W.R. Grace & Co. will post $3.38 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 7th. Investors of record on Thursday, August 17th will be given a dividend of $0.21 per share. The ex-dividend date is Tuesday, August 15th. This represents a $0.84 annualized dividend and a dividend yield of 1.23%. W.R. Grace & Co.’s dividend payout ratio is currently 42.21%.

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A number of equities research analysts have weighed in on the stock. BidaskClub downgraded shares of W.R. Grace & Co. from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. TheStreet upgraded shares of W.R. Grace & Co. from a “c” rating to a “b-” rating in a research note on Thursday, June 1st. Susquehanna Bancshares Inc assumed coverage on shares of W.R. Grace & Co. in a research note on Tuesday, April 25th. They set a “neutral” rating and a $75.00 price target on the stock. Zacks Investment Research downgraded shares of W.R. Grace & Co. from a “hold” rating to a “sell” rating in a research note on Thursday, April 20th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $70.00 price target on shares of W.R. Grace & Co. in a research note on Friday, June 16th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $80.18.

In related news, VP William C. Dockman sold 4,940 shares of the company’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $70.02, for a total transaction of $345,898.80. Following the completion of the sale, the vice president now directly owns 6,275 shares in the company, valued at approximately $439,375.50. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Mark A. Shelnitz sold 26,853 shares of the company’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $71.44, for a total value of $1,918,378.32. Following the sale, the vice president now owns 83,437 shares of the company’s stock, valued at $5,960,739.28. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.

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 two segments: Grace Catalysts Technologies and Grace Materials Technologies. The Grace Catalysts Technologies segment includes catalysts and related products and technologies used in refining, petrochemical and other chemical manufacturing applications.

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

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