The BlackRock Advisors LLC decides to keep it stake in W.R. Grace & Co. (GRA) to the level of $6,807,000

The BlackRock Advisors LLC decides to keep it stake in W.R. Grace & Co. (GRA) to the level of $6,807,000

BlackRock Advisors LLC boosted its position in W.R. Grace & Co. (NYSE:GRA) by 12.6% during the second quarter, Holdings Channel reports. The firm owned 92,974 shares of the company’s stock after buying an additional 10,425 shares during the period. BlackRock Advisors LLC owned about 0.13% of W.R. Grace & Co. worth $6,807,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its position 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 during the period. Pictet Asset Management Ltd. purchased a new position in W.R. Grace & Co. during the first quarter worth approximately $1,437,000. UBS Asset Management Americas Inc. boosted its position in W.R. Grace & Co. by 96.9% in the first quarter. UBS Asset Management Americas Inc. now owns 117,990 shares of the company’s stock worth $8,399,000 after buying an additional 58,056 shares during the period. State Street Corp boosted its position in W.R. Grace & Co. by 44.8% in the first quarter. State Street Corp now owns 1,187,313 shares of the company’s stock worth $84,517,000 after buying an additional 367,428 shares during the period. Finally, Canada Pension Plan Investment Board boosted its position in W.R. Grace & Co. by 312.9% in the first quarter. Canada Pension Plan Investment Board now owns 208,100 shares of the company’s stock worth $14,813,000 after buying an additional 157,700 shares during the period. Institutional investors own 83.79% of the company’s stock.

Shares of W.R. Grace & Co. (NYSE:GRA) opened at 69.56 on Friday. The firm has a market capitalization of $4.89 billion, a PE ratio of 68.00 and a beta of 1.40. The firm has a 50-day moving average price of $74.38 and a 200-day moving average price of $75.53. W.R. Grace & Co. has a 1-year low of $63.84 and a 1-year high of $101.99.

W.R. Grace & Co. (NYSE:GRA) last announced its quarterly earnings results on Monday, August 1st. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.06. W.R. Grace & Co. had a net margin of 3.05% and a return on equity of 86.16%. The firm earned $390.50 million during the quarter, compared to analysts’ expectations of $407.36 million. During the same period in the prior year, the company earned $1.19 EPS. The firm’s 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 fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 14th. Investors of record on Tuesday, August 23rd were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, August 19th. This represents a $0.68 dividend on an annualized basis and a yield of 0.98%. W.R. Grace & Co.’s dividend payout ratio (DPR) is 68.69%.

A number of research analysts have commented on the company. TheStreet upgraded W.R. Grace & Co. from a “hold” rating to a “buy” rating in a research note on Friday, August 5th. Robert W. Baird restated a “neutral” rating and set a $76.00 price target on shares of W.R. Grace & Co. in a research note on Tuesday, August 2nd. Zacks Investment Research cut W.R. Grace & Co. from a “hold” rating to a “sell” rating in a research note on Thursday, July 14th. KeyCorp restated a “buy” rating and set a $85.00 price target on shares of W.R. Grace & Co. in a research note on Thursday, July 14th. Finally, Seaport Global Securities assumed coverage on W.R. Grace & Co. in a research note on Tuesday, September 13th. They set a “neutral” rating and a $81.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target 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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