Anchor Capital Advisors LLC continued to hold its stake in W.R. Grace & Co. (NYSE:GRA) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,169 shares of the specialty chemicals company’s stock at the end of the second quarter. Anchor Capital Advisors LLC’s holdings in W.R. Grace & Co. were worth $228,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Russell Investments Group Ltd. bought a new stake in W.R. Grace & Co. during the fourth quarter worth about $462,000. Dimensional Fund Advisors LP raised its stake in W.R. Grace & Co. by 5.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 273,628 shares of the specialty chemicals company’s stock worth $18,508,000 after buying an additional 14,648 shares during the period. UBS Asset Management Americas Inc. raised its stake in W.R. Grace & Co. by 2.2% in the fourth quarter. UBS Asset Management Americas Inc. now owns 140,349 shares of the specialty chemicals company’s stock worth $9,493,000 after buying an additional 3,034 shares during the period. Macquarie Group Ltd. raised its stake in W.R. Grace & Co. by 42.4% in the fourth quarter. Macquarie Group Ltd. now owns 121,078 shares of the specialty chemicals company’s stock worth $8,190,000 after buying an additional 36,078 shares during the period. Finally, Private Trust Co. NA raised its stake in W.R. Grace & Co. by 44.3% in the first quarter. Private Trust Co. NA now owns 9,248 shares of the specialty chemicals company’s stock worth $644,000 after buying an additional 2,840 shares during the period. Institutional investors and hedge funds own 83.89% of the company’s stock.

W.R. Grace & Co. (GRA) opened at 67.38 on Wednesday. W.R. Grace & Co. has a 1-year low of $63.37 and a 1-year high of $80.56. The firm’s 50-day moving average price is $70.69 and its 200-day moving average price is $70.31. The firm has a market capitalization of $4.60 billion, a PE ratio of 32.80 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 (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.04. W.R. Grace & Co. had a net margin of 8.20% and a return on equity of 43.88%. The company had revenue of $429.50 million during the quarter, compared to analysts’ expectations of $407.72 million. During the same period in the previous year, the company earned $0.74 EPS. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. On average, equities research analysts predict that W.R. Grace & Co. will post $3.38 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 7th. Stockholders of record on Thursday, August 17th will be paid 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 1.25%. W.R. Grace & Co.’s dividend payout ratio is presently 42.21%.

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GRA has been the subject of several analyst reports. TheStreet upgraded W.R. Grace & Co. from a “c” rating to a “b-” rating in a research report on Thursday, June 1st. Zacks Investment Research upgraded W.R. Grace & Co. from a “hold” rating to a “buy” rating and set a $79.00 price objective for the company in a research report on Tuesday, June 27th. Monness Crespi & Hardt lowered their price objective on W.R. Grace & Co. from $86.00 to $83.00 and set a “buy” rating for the company in a research report on Thursday, July 27th. Aegis reiterated a “buy” rating on shares of W.R. Grace & Co. in a research report on Wednesday, May 31st. Finally, Vertical Research initiated coverage on W.R. Grace & Co. in a research report on Thursday, May 25th. They issued a “buy” rating and a $81.00 price objective for the company. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company’s stock. W.R. Grace & Co. currently has a consensus rating of “Buy” and an average price target of $80.18.

In other news, VP William C. Dockman sold 4,940 shares of the business’s stock in a transaction on Tuesday, May 16th. The shares were 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 of the company’s stock, valued at approximately $439,375.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Mark A. Shelnitz sold 26,853 shares of the business’s stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $71.44, for a total transaction of $1,918,378.32. Following the sale, the vice president now directly 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 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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