Cullinan Associates Inc. Has $357,000 Position in W. R. Grace & Co (GRA)

Cullinan Associates Inc. lowered its stake in W. R. Grace & Co (NYSE:GRA) by 24.2% during the 3rd quarter, Holdings Channel reports. The firm owned 5,000 shares of the specialty chemicals company’s stock after selling 1,600 shares during the period. Cullinan Associates Inc.’s holdings in W. R. Grace & Co were worth $357,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of the stock. Amalgamated Bank boosted its holdings in W. R. Grace & Co by 7.0% in the first quarter. Amalgamated Bank now owns 14,583 shares of the specialty chemicals company’s stock worth $893,000 after purchasing an additional 958 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in W. R. Grace & Co by 14.3% in the second quarter. Russell Investments Group Ltd. now owns 8,262 shares of the specialty chemicals company’s stock worth $606,000 after purchasing an additional 1,036 shares during the last quarter. OppenheimerFunds Inc. boosted its holdings in W. R. Grace & Co by 15.8% in the first quarter. OppenheimerFunds Inc. now owns 8,708 shares of the specialty chemicals company’s stock worth $533,000 after purchasing an additional 1,185 shares during the last quarter. UBS Group AG boosted its holdings in W. R. Grace & Co by 1.6% in the first quarter. UBS Group AG now owns 81,084 shares of the specialty chemicals company’s stock worth $4,965,000 after purchasing an additional 1,296 shares during the last quarter. Finally, Meadow Creek Investment Management LLC purchased a new stake in W. R. Grace & Co in the second quarter worth approximately $103,000. Institutional investors own 85.72% of the company’s stock.

Several equities research analysts recently issued reports on the stock. Zacks Investment Research cut shares of W. R. Grace & Co from a “buy” rating to a “hold” rating in a report on Monday, July 2nd. Loop Capital raised their target price on shares of W. R. Grace & Co to $89.00 and gave the stock a “positive” rating in a report on Thursday, July 26th. Credit Suisse Group raised their target price on shares of W. R. Grace & Co from $82.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, July 27th. KeyCorp raised their target price on shares of W. R. Grace & Co from $80.00 to $85.00 and gave the stock an “overweight” rating in a report on Friday, July 27th. Finally, Monness Crespi & Hardt raised their target price on shares of W. R. Grace & Co from $83.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, July 27th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $84.44.

Shares of W. R. Grace & Co stock opened at $64.72 on Friday. The firm has a market cap of $4.51 billion, a PE ratio of 19.04, a price-to-earnings-growth ratio of 1.41 and a beta of 1.31. W. R. Grace & Co has a 1-year low of $58.48 and a 1-year high of $77.37. The company has a debt-to-equity ratio of 6.66, a quick ratio of 0.96 and a current ratio of 1.57.

W. R. Grace & Co (NYSE:GRA) last issued its quarterly earnings results on Thursday, July 26th. The specialty chemicals company reported $1.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.12. The business had revenue of $485.70 million for the quarter, compared to analysts’ expectations of $472.76 million. W. R. Grace & Co had a net margin of 0.38% and a return on equity of 84.83%. The company’s revenue was up 13.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.84 EPS. As a group, equities analysts expect that W. R. Grace & Co will post 3.97 EPS for the current fiscal year.

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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