Mesirow Financial Investment Management Equity Management bought a new stake in shares of W.R. Grace & Co. (NYSE:GRA) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 19,280 shares of the specialty chemicals company’s stock, valued at approximately $1,389,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in GRA. Daiwa Securities Group Inc. boosted its position in shares of 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 valued at $155,000 after buying an additional 400 shares during the last quarter. US Bancorp DE boosted its position in shares of 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 valued at $159,000 after buying an additional 154 shares during the last quarter. LS Investment Advisors LLC boosted its position in shares of 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 valued at $181,000 after buying an additional 298 shares during the last quarter. World Asset Management Inc bought a new position in shares of W.R. Grace & Co. during the second quarter valued at about $221,000. Finally, Achmea Investment Management B.V. bought a new position in shares of W.R. Grace & Co. during the first quarter valued at about $226,000. 83.89% of the stock is currently owned by institutional investors.

W.R. Grace & Co. (GRA) opened at 67.03 on Thursday. The firm has a 50-day moving average price of $70.45 and a 200 day moving average price of $70.28. W.R. Grace & Co. has a 52-week low of $63.37 and a 52-week high of $80.56. The stock has a market cap of $4.57 billion, a PE ratio of 32.63 and a beta of 1.12.

W.R. Grace & Co. (NYSE:GRA) last posted its earnings results on Thursday, July 27th. The specialty chemicals company reported $0.84 EPS for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.04. The business had revenue of $429.50 million during the quarter, compared to analyst estimates of $407.72 million. W.R. Grace & Co. had a return on equity of 43.88% and a net margin of 8.20%. The company’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.74 EPS. On average, analysts forecast that W.R. Grace & Co. will post $3.37 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 7th. Shareholders of record on Thursday, August 17th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date is Tuesday, August 15th. W.R. Grace & Co.’s payout ratio is 42.21%.

ILLEGAL ACTIVITY WARNING: This piece was originally posted by Daily Political and is the property of of Daily Political. If you are viewing this piece on another domain, it was illegally stolen and republished in violation of United States & international trademark and copyright legislation. The correct version of this piece can be accessed at https://www.dailypolitical.com/2017/08/10/mesirow-financial-investment-management-equity-management-takes-position-in-w-r-grace-co-nysegra.html.

Several brokerages recently issued reports on GRA. BidaskClub cut W.R. Grace & Co. from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Zacks Investment Research raised W.R. Grace & Co. from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Monness Crespi & Hardt cut their target price on W.R. Grace & Co. from $86.00 to $83.00 and set a “buy” rating on the stock in a research report on Thursday, July 27th. Goldman Sachs Group, Inc. (The) cut W.R. Grace & Co. from a “buy” rating to a “neutral” rating and set a $83.00 target price on the stock. in a research report on Thursday, June 8th. Finally, Vertical Research began coverage on W.R. Grace & Co. in a research report on Thursday, May 25th. They set a “buy” rating and a $81.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $80.18.

In other W.R. Grace & Co. news, VP Mark A. Shelnitz sold 26,853 shares of W.R. Grace & Co. 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 completion of the sale, the vice president now owns 83,437 shares of the company’s stock, valued at approximately $5,960,739.28. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP William C. Dockman sold 4,940 shares of W.R. Grace & Co. stock in a transaction 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 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 disclosure for this sale can be found here. 1.30% of the stock is currently owned by company 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.

Want to see what other hedge funds are holding GRA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for W.R. Grace & Co. (NYSE:GRA).

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

Receive News & Ratings for W.R. Grace & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for W.R. Grace & Co. and related companies with MarketBeat.com's FREE daily email newsletter.