NGAM Advisors L.P. Sells 4,171 Shares of W.R. Grace & Co. (NYSE:GRA)

NGAM Advisors L.P. cut its position in shares of W.R. Grace & Co. (NYSE:GRA) by 8.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,003 shares of the specialty chemicals company’s stock after selling 4,171 shares during the period. NGAM Advisors L.P.’s holdings in W.R. Grace & Co. were worth $3,097,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. US Bancorp DE increased its stake in W.R. Grace & Co. by 26.8% in the second quarter. US Bancorp DE now owns 2,897 shares of the specialty chemicals company’s stock worth $208,000 after buying an additional 613 shares in the last quarter. LS Investment Advisors LLC increased its stake in W.R. Grace & Co. by 13.4% in the second quarter. LS Investment Advisors LLC now owns 2,517 shares of the specialty chemicals company’s stock worth $181,000 after buying an additional 298 shares in the last quarter. Mn Services Vermogensbeheer B.V. increased its stake in W.R. Grace & Co. by 478.9% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 11,085 shares of the specialty chemicals company’s stock worth $798,000 after buying an additional 9,170 shares in the last quarter. Private Trust Co. NA increased its stake in W.R. Grace & Co. by 20.5% in the second quarter. Private Trust Co. NA now owns 11,140 shares of the specialty chemicals company’s stock worth $802,000 after buying an additional 1,892 shares in the last quarter. Finally, Xact Kapitalforvaltning AB increased its stake in W.R. Grace & Co. by 5.1% in the second quarter. Xact Kapitalforvaltning AB now owns 5,533 shares of the specialty chemicals company’s stock worth $398,000 after buying an additional 267 shares in the last quarter. 83.89% of the stock is currently owned by institutional investors and hedge funds.

W.R. Grace & Co. (NYSE:GRA) opened at 67.03 on Thursday. W.R. Grace & Co. has a 12 month low of $63.37 and a 12 month high of $80.56. The firm has a market cap of $4.57 billion, a P/E ratio of 32.63 and a beta of 1.12. The firm’s 50-day moving average price is $70.45 and its 200-day moving average price is $70.28.

W.R. Grace & Co. (NYSE:GRA) last released its quarterly earnings data on Thursday, July 27th. The specialty chemicals company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.04. W.R. Grace & Co. had a net margin of 8.20% and a return on equity of 43.88%. The business had revenue of $429.50 million during the quarter, compared to analyst estimates of $407.72 million. During the same period in the previous year, the business earned $0.74 EPS. W.R. Grace & Co.’s revenue was up 10.0% compared to the same quarter last year. On average, equities research analysts expect that W.R. Grace & Co. will post $3.37 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 7th. Investors of record on Thursday, August 17th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a $0.84 dividend on an annualized basis and a yield of 1.25%. W.R. Grace & Co.’s dividend payout ratio is 42.21%.

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A number of analysts recently issued reports on the company. Zacks Investment Research raised W.R. Grace & Co. from a “sell” rating to a “hold” rating in a research report on Monday. BidaskClub downgraded W.R. Grace & Co. from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Monness Crespi & Hardt lowered their target price on W.R. Grace & Co. from $86.00 to $83.00 and set a “buy” rating on the stock in a research report on Thursday, July 27th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $70.00 target price on shares of W.R. Grace & Co. in a research report on Friday, June 16th. Finally, Goldman Sachs Group, Inc. (The) downgraded W.R. Grace & Co. from a “buy” rating to a “neutral” rating and set a $83.00 target price on the stock. in a research report on Thursday, June 8th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $80.18.

In related news, VP William C. Dockman sold 4,940 shares of W.R. Grace & Co. stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $70.02, for a total value of $345,898.80. Following the completion of the transaction, the vice president now directly owns 6,275 shares in the company, valued at approximately $439,375.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Mark A. Shelnitz sold 26,853 shares of W.R. Grace & Co. stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $71.44, for a total transaction of $1,918,378.32. Following the completion of the transaction, the vice president now owns 83,437 shares of the company’s stock, valued at $5,960,739.28. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.

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 two segments: Grace Catalysts Technologies and Grace Materials Technologies. The Grace Catalysts Technologies segment includes catalysts and related products and technologies used in refining, petrochemical and other chemical manufacturing applications.

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

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