Icon Advisers Inc. Co. acquired a new stake in shares of W. R. Grace & Co (NYSE:GRA) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 77,900 shares of the specialty chemicals company’s stock, valued at approximately $5,929,000. Icon Advisers Inc. Co. owned 0.12% of W. R. Grace & Co as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also bought and sold shares of GRA. Huntington National Bank bought a new stake in W. R. Grace & Co during the first quarter valued at $26,000. Harvest Group Wealth Management LLC bought a new stake in W. R. Grace & Co during the first quarter valued at $27,000. YorkBridge Wealth Partners LLC bought a new stake in W. R. Grace & Co during the first quarter valued at $49,000. Advisors Preferred LLC bought a new stake in W. R. Grace & Co during the first quarter valued at $76,000. Finally, Private Capital Group LLC boosted its stake in W. R. Grace & Co by 24.9% during the first quarter. Private Capital Group LLC now owns 1,249 shares of the specialty chemicals company’s stock valued at $97,000 after buying an additional 249 shares during the period. 85.84% of the stock is owned by institutional investors.
In other W. R. Grace & Co news, insider Force Andrew Hudson La III purchased 4,000 shares of W. R. Grace & Co stock in a transaction that occurred on Thursday, August 1st. The shares were bought at an average price of $69.04 per share, for a total transaction of $276,160.00. Following the acquisition, the insider now directly owns 96,391 shares in the company, valued at $6,654,834.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP William C. Dockman purchased 1,000 shares of W. R. Grace & Co stock in a transaction that occurred on Friday, August 2nd. The shares were acquired at an average price of $68.21 per share, for a total transaction of $68,210.00. Following the acquisition, the vice president now owns 8,675 shares in the company, valued at $591,721.75. The disclosure for this purchase can be found here. In the last quarter, insiders bought 227,799 shares of company stock worth $14,511,090. Company insiders own 2.00% of the company’s stock.
W. R. Grace & Co (NYSE:GRA) last released its quarterly earnings data on Thursday, July 25th. The specialty chemicals company reported $1.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.14 by $0.02. The firm had revenue of $513.60 million for the quarter, compared to the consensus estimate of $508.65 million. W. R. Grace & Co had a return on equity of 85.42% and a net margin of 9.31%. The company’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.07 earnings per share. On average, research analysts expect that W. R. Grace & Co will post 4.39 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th will be issued a $0.27 dividend. The ex-dividend date is Wednesday, August 14th. This represents a $1.08 annualized dividend and a dividend yield of 1.67%. W. R. Grace & Co’s dividend payout ratio is currently 26.09%.
Several brokerages have issued reports on GRA. ValuEngine lowered W. R. Grace & Co from a “hold” rating to a “sell” rating in a research note on Saturday, July 27th. BMO Capital Markets set a $83.00 price target on W. R. Grace & Co and gave the stock a “buy” rating in a research note on Friday, July 26th. Zacks Investment Research raised W. R. Grace & Co from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, Robert W. Baird set a $81.00 price target on W. R. Grace & Co and gave the stock a “buy” rating in a research note on Friday, July 26th. One analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company’s stock. W. R. Grace & Co has an average rating of “Buy” and an average price target of $85.50.
About W. R. Grace & Co
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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