Lucus Advisors LLC bought a new position in W.R. Grace & Co. (NYSE:GRA) during the second quarter, Holdings Channel reports. The institutional investor bought 4,728 shares of the company’s stock, valued at approximately $346,000.
Other large investors have also recently bought and sold shares of the company. Geode Capital Management LLC increased its stake in W.R. Grace & Co. by 5.5% in the first quarter. Geode Capital Management LLC now owns 424,576 shares of the company’s stock worth $30,203,000 after buying an additional 21,975 shares in the last quarter. Pictet Asset Management Ltd. purchased a new stake in W.R. Grace & Co. during the first quarter worth approximately $1,437,000. Credit Agricole S A purchased a new stake in W.R. Grace & Co. during the first quarter worth approximately $102,000. BlackRock Group LTD increased its stake in W.R. Grace & Co. by 310.4% in the first quarter. BlackRock Group LTD now owns 231,079 shares of the company’s stock worth $16,450,000 after buying an additional 174,778 shares in the last quarter. Finally, Banbury Partners LLC increased its stake in W.R. Grace & Co. by 68.0% in the first quarter. Banbury Partners LLC now owns 214,118 shares of the company’s stock worth $15,241,000 after buying an additional 86,684 shares in the last quarter. Institutional investors own 83.79% of the company’s stock.
W.R. Grace & Co. (NYSE:GRA) traded up 0.67% on Friday, hitting $73.80. The stock had a trading volume of 284,785 shares. The firm’s 50 day moving average price is $75.55 and its 200-day moving average price is $75.49. W.R. Grace & Co. has a 12 month low of $63.84 and a 12 month high of $101.99. The stock has a market cap of $5.19 billion, a PE ratio of 72.14 and a beta of 1.46.
W.R. Grace & Co. (NYSE:GRA) last posted its earnings results on Monday, August 1st. The company reported $0.74 EPS for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.06. W.R. Grace & Co. had a return on equity of 86.16% and a net margin of 3.05%. The firm had revenue of $390.50 million for the quarter, compared to analysts’ expectations of $407.36 million. During the same period last year, the firm earned $1.19 EPS. The company’s quarterly revenue was down 4.1% on a year-over-year basis. On average, analysts forecast that W.R. Grace & Co. will post $3.07 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 14th. Stockholders of record on Tuesday, August 23rd were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date was Friday, August 19th. W.R. Grace & Co.’s dividend payout ratio (DPR) is presently 68.69%.
A number of equities research analysts recently commented on GRA shares. Zacks Investment Research upgraded W.R. Grace & Co. from a “hold” rating to a “buy” rating and set a $82.00 target price on the stock in a research report on Wednesday. Seaport Global Securities started coverage on W.R. Grace & Co. in a research report on Tuesday, September 13th. They issued a “neutral” rating and a $81.00 target price on the stock. TheStreet upgraded W.R. Grace & Co. from a “hold” rating to a “buy” rating in a research report on Friday, August 5th. Jefferies Group reiterated a “buy” rating on shares of W.R. Grace & Co. in a research report on Wednesday, July 6th. Finally, Robert W. Baird restated a “neutral” rating and set a $76.00 price objective on shares of W.R. Grace & Co. in a research report on Tuesday, August 2nd. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $87.36.
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 three segments: Grace Catalysts Technologies, Grace Materials Technologies and Grace Construction Products. Its Grace Catalysts Technologies segment produces and sells catalysts and related products and technologies used in refining, petrochemical and other chemical manufacturing applications, including Fluid catalytic cracking catalysts, Hydroprocessing catalysts, and Polyolefin catalysts and catalyst supports.
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