Nationwide Fund Advisors continued to hold its stake in 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 institutional investor owned 35,000 shares of the company’s stock at the end of the second quarter. Nationwide Fund Advisors’ holdings in W.R. Grace & Co. were worth $2,562,000 as of its most recent SEC filing.
Several other hedge funds also recently added to or reduced their stakes in the stock. Credit Agricole S A bought a new stake in W.R. Grace & Co. during the first quarter worth about $102,000. Fuller & Thaler Asset Management Inc. bought a new stake in W.R. Grace & Co. during the second quarter worth about $117,000. Advisory Services Network LLC bought a new stake in W.R. Grace & Co. during the second quarter worth about $132,000. Strs Ohio increased its stake in W.R. Grace & Co. by 1,860.2% in the second quarter. Strs Ohio now owns 1,823 shares of the company’s stock worth $133,000 after buying an additional 1,730 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its stake in W.R. Grace & Co. by 72.9% in the second quarter. BNP Paribas Arbitrage SA now owns 2,141 shares of the company’s stock worth $157,000 after buying an additional 903 shares in the last quarter. 83.79% of the stock is currently owned by institutional investors and hedge funds.
Shares of W.R. Grace & Co. (NYSE:GRA) traded up 1.10% during midday trading on Monday, hitting $72.29. The company had a trading volume of 13,729 shares. The company has a market capitalization of $5.08 billion, a price-to-earnings ratio of 70.66 and a beta of 1.40. The company’s 50-day moving average price is $75.27 and its 200 day moving average price is $75.57. W.R. Grace & Co. has a 12-month low of $63.84 and a 12-month high of $101.99.
W.R. Grace & Co. (NYSE:GRA) last issued its quarterly earnings results on Monday, August 1st. The company reported $0.74 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.06. The business had revenue of $390.50 million for the quarter, compared to analysts’ expectations of $407.36 million. W.R. Grace & Co. had a net margin of 3.05% and a return on equity of 86.16%. The business’s quarterly revenue was down 4.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.19 earnings per share. Equities research analysts predict that W.R. Grace & Co. will post $3.07 earnings per share for the current fiscal year.
The firm also recently declared 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. The ex-dividend date was Friday, August 19th. This represents a $0.68 annualized dividend and a dividend yield of 0.95%. W.R. Grace & Co.’s dividend payout ratio is presently 68.69%.
A number of research firms recently issued reports on GRA. Robert W. Baird reaffirmed a “neutral” rating and issued a $76.00 target price on shares of W.R. Grace & Co. in a research report on Tuesday, August 2nd. TheStreet raised W.R. Grace & Co. from a “hold” rating to a “buy” rating in a research report on Friday, August 5th. Seaport Global Securities started coverage on W.R. Grace & Co. in a research report on Tuesday, September 13th. They set a “neutral” rating and a $81.00 price target on the stock. Zacks Investment Research downgraded W.R. Grace & Co. from a “buy” rating to a “hold” rating in a research report on Tuesday, July 5th. Finally, KeyCorp reissued a “buy” rating and set a $85.00 price target on shares of W.R. Grace & Co. in a research report on Thursday, July 14th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $87.36.
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 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.
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).
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.