California State Teachers Retirement System Acquires 1,643 Shares of W. R. Grace & Co (GRA)

California State Teachers Retirement System lifted its holdings in W. R. Grace & Co (NYSE:GRA) by 1.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 105,414 shares of the specialty chemicals company’s stock after purchasing an additional 1,643 shares during the quarter. California State Teachers Retirement System owned 0.16% of W. R. Grace & Co worth $6,842,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of GRA. Comerica Bank acquired a new stake in shares of W. R. Grace & Co during the 3rd quarter worth approximately $1,260,000. Piedmont Investment Advisors Inc. boosted its position in shares of W. R. Grace & Co by 51,085.7% during the 3rd quarter. Piedmont Investment Advisors Inc. now owns 3,583 shares of the specialty chemicals company’s stock worth $256,000 after acquiring an additional 3,576 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in shares of W. R. Grace & Co by 110.0% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 3,150 shares of the specialty chemicals company’s stock worth $225,000 after acquiring an additional 1,650 shares in the last quarter. Paloma Partners Management Co acquired a new stake in shares of W. R. Grace & Co during the 3rd quarter worth approximately $523,000. Finally, Neuberger Berman Group LLC boosted its position in shares of W. R. Grace & Co by 7.4% during the 3rd quarter. Neuberger Berman Group LLC now owns 1,189,940 shares of the specialty chemicals company’s stock worth $85,033,000 after acquiring an additional 81,487 shares in the last quarter. 88.62% of the stock is owned by hedge funds and other institutional investors.

GRA has been the topic of several analyst reports. National Bank Financial reiterated an “outperform” rating on shares of W. R. Grace & Co in a research report on Monday, January 14th. Loop Capital set a $89.00 price target on shares of W. R. Grace & Co and gave the stock a “buy” rating in a research report on Thursday, December 20th. ValuEngine upgraded shares of W. R. Grace & Co from a “sell” rating to a “hold” rating in a research report on Tuesday, December 25th. TheStreet upgraded shares of W. R. Grace & Co from a “c” rating to a “b” rating in a research report on Friday, February 8th. Finally, Zacks Investment Research downgraded shares of W. R. Grace & Co from a “buy” rating to a “hold” rating in a research note on Thursday, December 6th. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $84.70.



In other W. R. Grace & Co news, major shareholder North Latitude Fund Lp 40 purchased 20,034 shares of the company’s stock in a transaction dated Monday, December 24th. The stock was purchased at an average price of $60.44 per share, with a total value of $1,210,854.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder North Latitude Master Fund 40 purchased 233,720 shares of the company’s stock in a transaction dated Thursday, December 27th. The shares were acquired at an average cost of $60.70 per share, with a total value of $14,186,804.00. The disclosure for this purchase can be found here. 1.70% of the stock is owned by corporate insiders.

Shares of NYSE:GRA opened at $76.64 on Friday. The company has a market capitalization of $5.11 billion, a P/E ratio of 18.51, a P/E/G ratio of 1.40 and a beta of 1.07. The company has a quick ratio of 1.12, a current ratio of 1.67 and a debt-to-equity ratio of 5.82. W. R. Grace & Co has a one year low of $58.48 and a one year high of $78.93.

W. R. Grace & Co (NYSE:GRA) last issued its quarterly earnings data on Thursday, February 7th. The specialty chemicals company reported $1.14 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.03 by $0.11. The business had revenue of $520.00 million during the quarter, compared to the consensus estimate of $498.24 million. W. R. Grace & Co had a net margin of 8.67% and a return on equity of 95.91%. The firm’s revenue was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.98 EPS. On average, research analysts forecast that W. R. Grace & Co will post 4.57 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, February 28th were paid a $0.27 dividend. This is an increase from W. R. Grace & Co’s previous quarterly dividend of $0.24. The ex-dividend date was Wednesday, February 27th. This represents a $1.08 annualized dividend and a yield of 1.41%. W. R. Grace & Co’s dividend payout ratio is presently 26.09%.

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W. R. Grace & Co Profile

W. R. Grace & Co produces and sells specialty chemicals and materials worldwide. It operates through two segments, Grace Catalysts Technologies and Grace Materials Technologies. The Grace Catalysts Technologies segment offers fluid catalytic cracking (FCC) catalysts for the production of transportation fuels, such as gasoline and diesel fuels, and petrochemicals; FCC additives; and methanol-to-olefins catalysts for the conversion of methanol into petrochemical feeds, including ethylene and propylene.

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

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