Private Trust Co. NA Acquires 1,300 Shares of W. R. Grace & Co (NYSE:GRA)

Private Trust Co. NA boosted its holdings in W. R. Grace & Co (NYSE:GRA) by 12.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,140 shares of the specialty chemicals company’s stock after purchasing an additional 1,300 shares during the quarter. Private Trust Co. NA’s holdings in W. R. Grace & Co were worth $810,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. YorkBridge Wealth Partners LLC increased its holdings in W. R. Grace & Co by 154.8% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,595 shares of the specialty chemicals company’s stock worth $121,000 after purchasing an additional 969 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in W. R. Grace & Co in the first quarter worth approximately $291,000. Xact Kapitalforvaltning AB bought a new stake in W. R. Grace & Co in the first quarter worth approximately $312,000. AGF Investments LLC increased its holdings in shares of W. R. Grace & Co by 1,443.5% during the second quarter. AGF Investments LLC now owns 4,260 shares of the specialty chemicals company’s stock valued at $324,000 after acquiring an additional 3,984 shares in the last quarter. Finally, Riverhead Capital Management LLC bought a new stake in shares of W. R. Grace & Co during the second quarter valued at approximately $344,000. Institutional investors and hedge funds own 86.52% of the company’s stock.

Several research firms have recently commented on GRA. UBS Group decreased their price objective on W. R. Grace & Co from $93.00 to $92.00 and set a “buy” rating for the company in a report on Wednesday. BMO Capital Markets set a $83.00 price objective on W. R. Grace & Co and gave the company a “buy” rating in a report on Friday, July 26th. Loop Capital decreased their price objective on W. R. Grace & Co from $92.00 to $89.00 and set a “buy” rating for the company in a report on Thursday. ValuEngine downgraded W. R. Grace & Co from a “hold” rating to a “sell” rating in a report on Saturday, July 27th. Finally, Zacks Investment Research downgraded W. R. Grace & Co from a “hold” rating to a “sell” rating in a report on Thursday. Two investment analysts have rated the stock with a sell rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $86.43.

Shares of NYSE GRA traded down $0.25 during midday trading on Thursday, hitting $64.54. 123,783 shares of the stock traded hands, compared to its average volume of 597,313. The company has a market cap of $4.46 billion, a PE ratio of 15.59, a P/E/G ratio of 1.27 and a beta of 0.96. W. R. Grace & Co has a one year low of $59.22 and a one year high of $79.71. The business has a 50 day moving average price of $67.01 and a two-hundred day moving average price of $72.81. The company has a debt-to-equity ratio of 5.06, a quick ratio of 1.01 and a current ratio of 1.48.

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, beating the Thomson Reuters’ consensus estimate of $1.14 by $0.02. The firm had revenue of $513.60 million during 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 company posted $1.07 earnings per share. As a group, equities research analysts forecast that W. R. Grace & Co will post 4.37 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Thursday, August 15th were given a dividend of $0.27 per share. The ex-dividend date was Wednesday, August 14th. This represents a $1.08 annualized dividend and a dividend yield of 1.67%. W. R. Grace & Co’s payout ratio is 26.09%.

In related news, major shareholder North Latitude Fund Lp 40 bought 198,096 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The shares were bought at an average price of $63.42 per share, with a total value of $12,563,248.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Force Andrew Hudson La III bought 4,000 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were bought at an average cost of $69.04 per share, for a total transaction of $276,160.00. Following the transaction, the insider now owns 96,391 shares of the company’s stock, valued at $6,654,834.64. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 498,970 shares of company stock worth $32,047,464. 2.00% of the stock is owned by insiders.

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.

Further Reading: Support Level

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

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