Quantbot Technologies LP reduced its stake in W.R. Grace & Co. (NYSE:GRA) by 55.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,984 shares of the company’s stock after selling 2,489 shares during the period. Quantbot Technologies LP’s holdings in W.R. Grace & Co. were worth $146,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of GRA. Fuller & Thaler Asset Management Inc. acquired a new position in W.R. Grace & Co. during the second quarter valued at $117,000. Advisory Services Network LLC acquired a new position in W.R. Grace & Co. during the second quarter valued at $132,000. Strs Ohio raised its position 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 valued at $133,000 after buying an additional 1,730 shares during the period. American International Group Inc. raised its position in W.R. Grace & Co. by 11.3% in the second quarter. American International Group Inc. now owns 2,014 shares of the company’s stock valued at $147,000 after buying an additional 205 shares during the period. Finally, BNP Paribas Arbitrage SA raised its position 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 valued at $157,000 after buying an additional 903 shares during the period. 83.65% of the stock is owned by hedge funds and other institutional investors.
Shares of W.R. Grace & Co. (NYSE:GRA) traded up 0.10% during mid-day trading on Friday, reaching $67.64. The company had a trading volume of 320,827 shares. The firm has a 50-day moving average of $68.66 and a 200-day moving average of $73.99. The company has a market capitalization of $4.74 billion, a P/E ratio of 48.11 and a beta of 1.25. W.R. Grace & Co. has a 12-month low of $63.84 and a 12-month high of $101.17.
W.R. Grace & Co. (NYSE:GRA) last posted its quarterly earnings results on Wednesday, October 26th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.04. W.R. Grace & Co. had a net margin of 5.00% and a return on equity of 62.32%. The business earned $404.50 million during the quarter, compared to analyst estimates of $414.13 million. During the same period in the prior year, the business posted $0.54 earnings per share. The company’s revenue was up 1.3% on a year-over-year basis. On average, equities analysts anticipate that W.R. Grace & Co. will post $3.08 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders of record on Thursday, November 17th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Tuesday, November 15th. This represents a $0.68 annualized dividend and a yield of 1.01%. W.R. Grace & Co.’s payout ratio is 50.00%.
Several research firms have recently weighed in on GRA. TheStreet raised W.R. Grace & Co. from a “hold” rating to a “buy” rating in a research report on Friday, August 5th. Robert W. Baird reissued a “neutral” rating and issued a $76.00 price objective on shares of W.R. Grace & Co. in a research report on Tuesday, August 2nd. Seaport Global Securities began coverage on W.R. Grace & Co. in a research report on Tuesday, September 13th. They issued a “neutral” rating and a $81.00 price objective for the company. Jefferies Group reissued a “buy” rating and issued a $80.00 price objective (down from $89.00) on shares of W.R. Grace & Co. in a research report on Thursday, October 27th. Finally, Zacks Investment Research raised W.R. Grace & Co. from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 3rd. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. W.R. Grace & Co. has a consensus rating of “Hold” and an average price target of $84.00.
In other W.R. Grace & Co. news, Chairman Alfred E. Festa sold 80,561 shares of the company’s stock in a transaction dated Thursday, November 3rd. The shares were sold at an average price of $68.27, for a total transaction of $5,499,899.47. Following the completion of the sale, the chairman now directly owns 311,844 shares in the company, valued at $21,289,589.88. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.50% of the company’s stock.
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.