Arlington Partners LLC Buys New Position in W. R. Grace & Co. (NYSE:GRA)

Arlington Partners LLC bought a new position in W. R. Grace & Co. (NYSE:GRA) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 740 shares of the specialty chemicals company’s stock, valued at approximately $44,000.

Other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC acquired a new position in shares of W. R. Grace & Co. during the 4th quarter valued at $131,000. Meyer Handelman Co. acquired a new position in W. R. Grace & Co. during the 4th quarter worth approximately $219,000. Gabelli Funds LLC acquired a new stake in W. R. Grace & Co. in the fourth quarter valued at approximately $516,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in shares of W. R. Grace & Co. during the fourth quarter worth approximately $526,000. Finally, Tudor Investment Corp Et Al bought a new position in shares of W. R. Grace & Co. in the fourth quarter valued at $541,000. Hedge funds and other institutional investors own 84.76% of the company’s stock.

Several equities analysts recently commented on GRA shares. CL King upped their price objective on W. R. Grace & Co. from $67.00 to $70.00 and gave the company a “buy” rating in a research note on Tuesday, January 19th. Credit Suisse Group restated an “outperform” rating and issued a $69.00 target price on shares of W. R. Grace & Co. in a research note on Monday, March 22nd. Zacks Investment Research cut W. R. Grace & Co. from a “buy” rating to a “hold” rating in a research report on Tuesday, January 26th. Finally, Wells Fargo & Company raised their price objective on shares of W. R. Grace & Co. from $65.00 to $70.00 and gave the company an “equal weight” rating in a research report on Thursday, April 15th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $66.89.

NYSE:GRA opened at $63.25 on Friday. W. R. Grace & Co. has a 1-year low of $38.70 and a 1-year high of $65.17. The company has a debt-to-equity ratio of 6.20, a current ratio of 1.68 and a quick ratio of 1.17. The business has a 50 day moving average of $61.27 and a 200 day moving average of $56.12. The company has a market capitalization of $4.19 billion, a price-to-earnings ratio of 301.19 and a beta of 1.47.

W. R. Grace & Co. (NYSE:GRA) last announced its quarterly earnings data on Monday, February 8th. The specialty chemicals company reported $0.88 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.02. W. R. Grace & Co. had a net margin of 0.76% and a return on equity of 55.80%. The firm had revenue of $470.20 million during the quarter, compared to analyst estimates of $466.18 million. During the same period in the previous year, the business posted $1.31 EPS. The business’s quarterly revenue was down 6.8% on a year-over-year basis. As a group, sell-side analysts anticipate that W. R. Grace & Co. will post 2.61 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 23rd. Shareholders of record on Tuesday, March 2nd were paid a $0.33 dividend. The ex-dividend date of this dividend was Monday, March 1st. This is an increase from W. R. Grace & Co.’s previous quarterly dividend of $0.30. This represents a $1.32 annualized dividend and a yield of 2.09%. W. R. Grace & Co.’s payout ratio is currently 30.14%.

W. R. Grace & Co. Company Profile

W. R. Grace & Co, through its subsidiaries, 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; and FCC additives.

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

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