The First Trust Advisors LP reached $352,000 position of W.R. Grace & Co. (GRA)

The First Trust Advisors LP reached $352,000 position  of W.R. Grace & Co. (GRA)

First Trust Advisors LP lowered its position in shares of W.R. Grace & Co. (NYSE:GRA) by 23.2% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,812 shares of the company’s stock after selling 1,454 shares during the period. First Trust Advisors LP’s holdings in W.R. Grace & Co. were worth $352,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Geode Capital Management LLC raised 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 last quarter. Pictet Asset Management Ltd. purchased a new position in W.R. Grace & Co. during the first quarter worth $1,437,000. GSA Capital Partners LLP raised its position in W.R. Grace & Co. by 29.5% in the second quarter. GSA Capital Partners LLP now owns 12,848 shares of the company’s stock worth $941,000 after buying an additional 2,927 shares during the last quarter. Credit Agricole S A purchased a new position in W.R. Grace & Co. during the first quarter worth $102,000. Finally, BlackRock Group LTD raised its position in W.R. Grace & Co. by 310.4% in the first quarter. BlackRock Group LTD now owns 231,079 shares of the company’s stock worth $16,450,000 after buying an additional 174,778 shares during the last quarter. Hedge funds and other institutional investors own 83.79% of the company’s stock.

W.R. Grace & Co. (NYSE:GRA) traded up 0.23% during mid-day trading on Friday, hitting $69.72. 33,225 shares of the stock traded hands. W.R. Grace & Co. has a 1-year low of $63.84 and a 1-year high of $101.99. The company’s 50 day moving average price is $74.38 and its 200-day moving average price is $75.53. The stock has a market cap of $4.90 billion, a price-to-earnings ratio of 68.15 and a beta of 1.40.

W.R. Grace & Co. (NYSE:GRA) last issued its quarterly earnings results on Monday, August 1st. The company reported $0.74 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.06. W.R. Grace & Co. had a return on equity of 86.16% and a net margin of 3.05%. The business had revenue of $390.50 million for the quarter, compared to analyst estimates of $407.36 million. During the same quarter in the previous year, the firm earned $1.19 earnings per share. The company’s revenue was down 4.1% on a year-over-year basis. Analysts predict that W.R. Grace & Co. will post $3.07 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 14th. Stockholders of record on Tuesday, August 23rd were paid 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 dividend yield of 0.98%. W.R. Grace & Co.’s payout ratio is 68.69%.

A number of research analysts recently weighed in on GRA shares. Zacks Investment Research lowered shares of W.R. Grace & Co. from a “buy” rating to a “hold” rating in a research report on Tuesday, July 5th. Jefferies Group reissued a “buy” rating on shares of W.R. Grace & Co. in a research report on Wednesday, July 6th. 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. Robert W. Baird reissued a “neutral” rating and set a $76.00 price target on shares of W.R. Grace & Co. in a research report on Tuesday, August 2nd. Finally, TheStreet raised shares of W.R. Grace & Co. from a “hold” rating to a “buy” rating in a research report on Friday, August 5th. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently 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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