W. R. Grace & Co (GRA) Holdings Cut by Beach Investment Counsel Inc. PA

Beach Investment Counsel Inc. PA lowered its holdings in shares of W. R. Grace & Co (NYSE:GRA) by 23.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,103 shares of the specialty chemicals company’s stock after selling 931 shares during the quarter. Beach Investment Counsel Inc. PA’s holdings in W. R. Grace & Co were worth $222,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Comerica Bank purchased a new position in W. R. Grace & Co during the third quarter worth approximately $1,260,000. Russell Investments Group Ltd. boosted its position in W. R. Grace & Co by 1,262.0% during the third quarter. Russell Investments Group Ltd. now owns 112,529 shares of the specialty chemicals company’s stock worth $8,042,000 after purchasing an additional 104,267 shares in the last quarter. Oakbrook Investments LLC purchased a new position in W. R. Grace & Co during the third quarter worth approximately $279,000. Nomura Holdings Inc. boosted its position in W. R. Grace & Co by 611.9% during the second quarter. Nomura Holdings Inc. now owns 36,999 shares of the specialty chemicals company’s stock worth $2,713,000 after purchasing an additional 31,802 shares in the last quarter. Finally, Marshall Wace LLP purchased a new position in W. R. Grace & Co during the second quarter worth approximately $1,106,000. Institutional investors own 85.71% of the company’s stock.

GRA has been the topic of a number of recent analyst reports. Loop Capital increased their price target on W. R. Grace & Co to $89.00 and gave the stock a “positive” rating in a research report on Thursday, July 26th. Monness Crespi & Hardt increased their price target on W. R. Grace & Co from $83.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, July 27th. KeyCorp increased their price target on W. R. Grace & Co from $80.00 to $85.00 and gave the stock an “overweight” rating in a research report on Friday, July 27th. BMO Capital Markets increased their price target on W. R. Grace & Co from $84.00 to $92.00 and gave the stock an “outperform” rating in a research report on Friday, July 27th. Finally, Credit Suisse Group increased their price target on W. R. Grace & Co from $82.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, July 27th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $82.22.

NYSE GRA opened at $66.43 on Monday. The company has a market capitalization of $4.47 billion, a PE ratio of 19.54, a PEG ratio of 1.38 and a beta of 1.30. W. R. Grace & Co has a 1-year low of $58.48 and a 1-year high of $76.04. The company has a current ratio of 1.57, a quick ratio of 0.96 and a debt-to-equity ratio of 6.66.

W. R. Grace & Co (NYSE:GRA) last released its earnings results on Wednesday, October 24th. The specialty chemicals company reported $1.11 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.09. The business had revenue of $494.90 million for the quarter, compared to the consensus estimate of $472.23 million. W. R. Grace & Co had a positive return on equity of 99.77% and a negative net margin of 1.31%. The business’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.90 earnings per share. On average, research analysts predict that W. R. Grace & Co will post 4.01 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 5th. Stockholders of record on Wednesday, November 14th will be given a $0.24 dividend. The ex-dividend date is Tuesday, November 13th. This represents a $0.96 annualized dividend and a dividend yield of 1.45%. W. R. Grace & Co’s dividend payout ratio (DPR) is presently 28.24%.

About W. R. Grace & Co

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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