American International Group Inc. decreased its stake in W.R. Grace & Co. (NYSE:GRA) by 7.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,723 shares of the specialty chemicals company’s stock after selling 131 shares during the period. American International Group Inc.’s holdings in W.R. Grace & Co. were worth $120,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of GRA. Exane Asset Management increased its position in W.R. Grace & Co. by 40.9% in the first quarter. Exane Asset Management now owns 186,123 shares of the specialty chemicals company’s stock valued at $12,975,000 after buying an additional 54,063 shares during the period. Macquarie Group Ltd. increased its position in shares of 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 valued at $8,190,000 after buying an additional 36,078 shares during the last quarter. Quantbot Technologies LP purchased a new position in shares of W.R. Grace & Co. during the first quarter valued at $1,370,000. Strs Ohio increased its position in shares of W.R. Grace & Co. by 24.0% in the first quarter. Strs Ohio now owns 87,978 shares of the specialty chemicals company’s stock valued at $6,132,000 after buying an additional 17,000 shares during the last quarter. Finally, UBS Asset Management Americas Inc. increased its position in shares of W.R. Grace & Co. by 10.8% in the first quarter. UBS Asset Management Americas Inc. now owns 155,559 shares of the specialty chemicals company’s stock valued at $10,844,000 after buying an additional 15,210 shares during the last quarter. Institutional investors own 83.89% of the company’s stock.

Shares of W.R. Grace & Co. (GRA) opened at 67.38 on Wednesday. The stock’s 50 day moving average price is $70.69 and its 200 day moving average price is $70.31. The stock has a market capitalization of $4.60 billion, a P/E ratio of 32.80 and a beta of 1.12. W.R. Grace & Co. has a one year low of $63.37 and a one year high of $80.56.

W.R. Grace & Co. (NYSE:GRA) last announced its quarterly earnings data on Thursday, July 27th. The specialty chemicals company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $407.72 million. During the same period in the previous year, the firm earned $0.74 earnings per share. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. On average, analysts forecast that W.R. Grace & Co. will post $3.37 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 7th. Investors of record on Thursday, August 17th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.25%. W.R. Grace & Co.’s dividend payout ratio (DPR) is presently 42.21%.

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Several analysts have commented on the company. Zacks Investment Research cut W.R. Grace & Co. from a “hold” rating to a “sell” rating in a report on Thursday, April 20th. Monness Crespi & Hardt decreased their target price on W.R. Grace & Co. from $86.00 to $83.00 and set a “buy” rating for the company in a report on Thursday, July 27th. Aegis restated a “buy” rating on shares of W.R. Grace & Co. in a report on Wednesday, May 31st. TheStreet upgraded W.R. Grace & Co. from a “c” rating to a “b-” rating in a report on Thursday, June 1st. Finally, BidaskClub cut W.R. Grace & Co. from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. One 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. W.R. Grace & Co. has an average rating of “Buy” and a consensus price target of $80.18.

In other W.R. Grace & Co. news, VP Mark A. Shelnitz sold 26,853 shares of the business’s stock in a transaction dated 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 completion of the transaction, the vice president now directly owns 83,437 shares of the company’s stock, valued at $5,960,739.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP William C. Dockman sold 4,940 shares of the business’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $70.02, for a total value of $345,898.80. Following the completion of the transaction, the vice president now directly owns 6,275 shares of the company’s stock, valued at $439,375.50. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.

W.R. Grace & Co. Company Profile

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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