Prudential Financial Inc. grew its position in shares of W.R. Grace & Co. (NYSE:GRA) by 4.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,553 shares of the specialty chemicals company’s stock after purchasing an additional 200 shares during the quarter. Prudential Financial Inc.’s holdings in W.R. Grace & Co. were worth $328,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in GRA. Teachers Advisors LLC raised its holdings in W.R. Grace & Co. by 191.5% during the 1st quarter. Teachers Advisors LLC now owns 1,782,872 shares of the specialty chemicals company’s stock worth $124,284,000 after purchasing an additional 1,171,266 shares during the last quarter. UBS Oconnor LLC raised its holdings in W.R. Grace & Co. by 347.7% during the 1st quarter. UBS Oconnor LLC now owns 199,403 shares of the specialty chemicals company’s stock worth $13,900,000 after purchasing an additional 154,861 shares during the last quarter. Taurus Asset Management LLC bought a new position in W.R. Grace & Co. during the 2nd quarter worth approximately $8,010,000. Marshall Wace LLP raised its holdings in W.R. Grace & Co. by 1,201.4% during the 2nd quarter. Marshall Wace LLP now owns 84,554 shares of the specialty chemicals company’s stock worth $6,088,000 after purchasing an additional 78,057 shares during the last quarter. Finally, Iridian Asset Management LLC CT raised its holdings in W.R. Grace & Co. by 2.1% during the 2nd quarter. Iridian Asset Management LLC CT now owns 3,362,061 shares of the specialty chemicals company’s stock worth $242,102,000 after purchasing an additional 70,650 shares during the last quarter. Hedge funds and other institutional investors own 84.69% of the company’s stock.
Several research firms have issued reports on GRA. Loop Capital began coverage on shares of W.R. Grace & Co. in a report on Thursday, September 28th. They set a “buy” rating and a $81.00 price target for the company. Jefferies Group LLC restated a “hold” rating and set a $70.00 price target on shares of W.R. Grace & Co. in a report on Friday, June 16th. Zacks Investment Research upgraded shares of W.R. Grace & Co. from a “sell” rating to a “hold” rating in a report on Monday, August 7th. KeyCorp restated a “buy” rating and set a $77.00 price target on shares of W.R. Grace & Co. in a report on Sunday, September 3rd. Finally, Robert W. Baird restated a “buy” rating and set a $85.00 price target on shares of W.R. Grace & Co. in a report on Friday, September 1st. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $79.55.
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Shares of W.R. Grace & Co. (NYSE GRA) opened at 72.86 on Friday. The stock’s 50 day moving average is $72.14 and its 200 day moving average is $70.46. The firm has a market cap of $4.97 billion, a P/E ratio of 35.47 and a beta of 1.11. W.R. Grace & Co. has a 12 month low of $63.37 and a 12 month high of $74.63.
W.R. Grace & Co. (NYSE:GRA) last posted its quarterly earnings data on Thursday, July 27th. The specialty chemicals company reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.04. The business had revenue of $429.50 million during the quarter, compared to the consensus estimate of $407.72 million. W.R. Grace & Co. had a return on equity of 43.88% and a net margin of 8.20%. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.74 earnings per share. Equities research analysts expect that W.R. Grace & Co. will post $3.37 EPS for the current year.
W.R. Grace & Co. 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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