LS Investment Advisors LLC boosted its stake in W.R. Grace & Co. (NYSE:GRA) by 13.4% during the second quarter, Holdings Channel reports. The institutional investor owned 2,517 shares of the specialty chemicals company’s stock after buying an additional 298 shares during the period. LS Investment Advisors LLC’s holdings in W.R. Grace & Co. were worth $181,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. TIAA CREF Investment Management LLC boosted its stake in W.R. Grace & Co. by 70.4% in the first quarter. TIAA CREF Investment Management LLC now owns 2,058,989 shares of the specialty chemicals company’s stock valued at $143,532,000 after buying an additional 850,772 shares in the last quarter. Teachers Advisors LLC boosted its stake in W.R. Grace & Co. by 191.5% in the first quarter. Teachers Advisors LLC now owns 1,782,872 shares of the specialty chemicals company’s stock valued at $124,284,000 after buying an additional 1,171,266 shares in the last quarter. Neuberger Berman Group LLC boosted its stake in W.R. Grace & Co. by 8.2% in the first quarter. Neuberger Berman Group LLC now owns 1,306,502 shares of the specialty chemicals company’s stock valued at $91,076,000 after buying an additional 98,913 shares in the last quarter. State Street Corp boosted its stake in W.R. Grace & Co. by 1.2% in the first quarter. State Street Corp now owns 1,282,155 shares of the specialty chemicals company’s stock valued at $89,390,000 after buying an additional 14,641 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in W.R. Grace & Co. by 5.3% in the first quarter. Geode Capital Management LLC now owns 518,485 shares of the specialty chemicals company’s stock valued at $36,128,000 after buying an additional 26,059 shares in the last quarter. 83.89% of the stock is currently owned by institutional investors.

Shares of W.R. Grace & Co. (NYSE GRA) traded down 1.05% on Tuesday, reaching $67.67. 177,762 shares of the company’s stock were exchanged. The company has a market capitalization of $4.62 billion, a P/E ratio of 32.95 and a beta of 1.12. W.R. Grace & Co. has a 12 month low of $63.37 and a 12 month high of $80.56. 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. (NYSE:GRA) last announced its quarterly earnings results on Thursday, July 27th. The specialty chemicals company reported $0.84 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.04. The business had revenue of $429.50 million during the quarter, compared to analysts’ expectations of $407.72 million. W.R. Grace & Co. had a return on equity of 43.88% and a net margin of 8.20%. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.74 EPS. On average, equities analysts anticipate that W.R. Grace & Co. will post $3.38 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 7th. Investors of record on Thursday, August 17th will be paid a $0.21 dividend. 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 payout ratio is 42.21%.

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Several research firms recently issued reports on GRA. BidaskClub cut shares of W.R. Grace & Co. from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. TheStreet raised shares of W.R. Grace & Co. from a “c” rating to a “b-” rating in a research report on Thursday, June 1st. Susquehanna Bancshares Inc began coverage on shares of W.R. Grace & Co. in a research report on Tuesday, April 25th. They issued a “neutral” rating and a $75.00 target price on the stock. Zacks Investment Research cut shares of W.R. Grace & Co. from a “hold” rating to a “sell” rating in a research report on Thursday, April 20th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $70.00 target price on shares of W.R. Grace & Co. in a research report on Friday, June 16th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $80.18.

In other W.R. Grace & Co. news, VP Mark A. Shelnitz sold 26,853 shares of the company’s stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $71.44, for a total transaction of $1,918,378.32. Following the completion of the sale, the vice president now owns 83,437 shares of the company’s stock, valued at $5,960,739.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP William C. Dockman sold 4,940 shares of the company’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $70.02, for a total value of $345,898.80. Following the sale, the vice president now directly owns 6,275 shares of the company’s stock, valued at approximately $439,375.50. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

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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