Sciencast Management LP Purchases 5,274 Shares of W. R. Grace & Co (GRA)

Sciencast Management LP lifted its position in shares of W. R. Grace & Co (NYSE:GRA) by 32.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,398 shares of the specialty chemicals company’s stock after purchasing an additional 5,274 shares during the quarter. W. R. Grace & Co makes up about 0.7% of Sciencast Management LP’s investment portfolio, making the stock its 23rd largest position. Sciencast Management LP’s holdings in W. R. Grace & Co were worth $1,449,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. American International Group Inc. acquired a new stake in shares of W. R. Grace & Co during the 4th quarter worth approximately $113,000. Point72 Asia Hong Kong Ltd grew its holdings in shares of W. R. Grace & Co by 775.6% during the 1st quarter. Point72 Asia Hong Kong Ltd now owns 1,760 shares of the specialty chemicals company’s stock worth $108,000 after purchasing an additional 1,559 shares in the last quarter. US Bancorp DE grew its holdings in shares of W. R. Grace & Co by 87.7% during the 4th quarter. US Bancorp DE now owns 2,943 shares of the specialty chemicals company’s stock worth $206,000 after purchasing an additional 1,375 shares in the last quarter. Gideon Capital Advisors Inc. acquired a new stake in shares of W. R. Grace & Co during the 1st quarter worth approximately $240,000. Finally, Diamond Hill Capital Management Inc. acquired a new stake in shares of W. R. Grace & Co during the 1st quarter worth approximately $245,000. 82.22% of the stock is currently owned by institutional investors.

W. R. Grace & Co stock opened at $73.09 on Thursday. The company has a quick ratio of 1.01, a current ratio of 1.56 and a debt-to-equity ratio of 6.23. The company has a market cap of $4.98 billion, a P/E ratio of 21.50, a P/E/G ratio of 1.58 and a beta of 1.18. W. R. Grace & Co has a one year low of $58.48 and a one year high of $77.37.

W. R. Grace & Co (NYSE:GRA) last posted its earnings results on Wednesday, April 25th. The specialty chemicals company reported $0.82 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.09. The business had revenue of $431.50 million during the quarter, compared to the consensus estimate of $419.76 million. W. R. Grace & Co had a return on equity of 73.16% and a net margin of 0.68%. W. R. Grace & Co’s revenue was up 8.4% on a year-over-year basis. During the same quarter last year, the company earned $0.68 EPS. equities research analysts forecast that W. R. Grace & Co will post 3.9 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 6th. Shareholders of record on Wednesday, May 16th were given a $0.24 dividend. The ex-dividend date of this dividend was Tuesday, May 15th. This represents a $0.96 annualized dividend and a yield of 1.31%. W. R. Grace & Co’s payout ratio is 28.24%.

Several brokerages have recently weighed in on GRA. Credit Suisse Group set a $82.00 target price on W. R. Grace & Co and gave the stock a “buy” rating in a research report on Wednesday, April 25th. BMO Capital Markets began coverage on W. R. Grace & Co in a research report on Tuesday, March 27th. They set an “outperform” rating and a $77.00 target price for the company. Zacks Investment Research upgraded W. R. Grace & Co from a “hold” rating to a “buy” rating and set a $76.00 target price for the company in a research report on Thursday, April 19th. KeyCorp raised their target price on W. R. Grace & Co from $76.00 to $80.00 and gave the stock an “overweight” rating in a research report on Thursday, April 26th. Finally, UBS Group raised their target price on W. R. Grace & Co from $86.00 to $87.00 and gave the stock a “buy” rating in a research report on Thursday, April 26th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $81.40.

W. R. Grace & Co Company Profile

W. R. Grace & Co produces and sells specialty chemicals and materials worldwide. It operates through two segments, Grace Catalysts Technologies and Grace Materials Technologies. The Grace Catalysts Technologies segment offers fluid catalytic cracking (FCC) catalysts for the production of transportation fuels, such as gasoline and diesel fuels, and other petroleum-based products; FCC additives; and methanol-to-olefins catalysts for the conversion of methanol into petrochemical feeds, including ethylene and propylene.

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

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