Marshall Wace North America L.P. Invests $19.75 Million in W. R. Grace & Co (NYSE:GRA)

Marshall Wace North America L.P. purchased a new position in W. R. Grace & Co (NYSE:GRA) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 259,435 shares of the specialty chemicals company’s stock, valued at approximately $19,746,000. Marshall Wace North America L.P. owned about 0.39% of W. R. Grace & Co at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Neuberger Berman Group LLC boosted its stake in shares of W. R. Grace & Co by 7.0% in the 1st quarter. Neuberger Berman Group LLC now owns 1,032,072 shares of the specialty chemicals company’s stock worth $80,543,000 after buying an additional 67,442 shares during the last quarter. Putnam Investments LLC boosted its stake in shares of W. R. Grace & Co by 6.0% in the 2nd quarter. Putnam Investments LLC now owns 708,881 shares of the specialty chemicals company’s stock worth $53,953,000 after buying an additional 40,153 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of W. R. Grace & Co by 5.1% in the 4th quarter. Geode Capital Management LLC now owns 623,801 shares of the specialty chemicals company’s stock worth $40,490,000 after buying an additional 30,216 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of W. R. Grace & Co by 1.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 333,951 shares of the specialty chemicals company’s stock worth $25,418,000 after buying an additional 4,926 shares during the last quarter. Finally, Icon Advisers Inc. Co. purchased a new position in shares of W. R. Grace & Co in the 2nd quarter worth $5,929,000. Hedge funds and other institutional investors own 86.52% of the company’s stock.

W. R. Grace & Co stock traded down $1.38 during trading on Thursday, reaching $67.28. The company had a trading volume of 26,347 shares, compared to its average volume of 454,960. W. R. Grace & Co has a 52 week low of $59.22 and a 52 week high of $79.71. The firm’s 50-day simple moving average is $67.09 and its 200 day simple moving average is $73.54. The firm has a market capitalization of $4.46 billion, a price-to-earnings ratio of 16.28, a price-to-earnings-growth ratio of 1.27 and a beta of 0.99. The company has a current ratio of 1.48, a quick ratio of 1.01 and a debt-to-equity ratio of 5.06.

W. R. Grace & Co (NYSE:GRA) last announced its earnings results on Thursday, July 25th. The specialty chemicals company reported $1.16 EPS for the quarter, topping the Zacks’ consensus estimate of $1.14 by $0.02. W. R. Grace & Co had a return on equity of 85.42% and a net margin of 9.31%. The company had revenue of $513.60 million for the quarter, compared to analysts’ expectations of $508.65 million. During the same period last year, the firm earned $1.07 EPS. W. R. Grace & Co’s revenue for the quarter was up 5.7% compared to the same quarter last year. On average, analysts predict that W. R. Grace & Co will post 4.4 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Thursday, August 15th were issued a $0.27 dividend. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $1.08 dividend on an annualized basis and a yield of 1.61%. W. R. Grace & Co’s dividend payout ratio is currently 26.09%.

A number of equities analysts recently commented on the company. Zacks Investment Research raised W. R. Grace & Co from a “sell” rating to a “hold” rating in a report on Thursday, September 12th. Robert W. Baird set a $81.00 target price on W. R. Grace & Co and gave the stock a “buy” rating in a report on Friday, July 26th. BMO Capital Markets set a $83.00 target price on W. R. Grace & Co and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, ValuEngine cut W. R. Grace & Co from a “hold” rating to a “sell” rating in a report on Saturday, July 27th. One equities research 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 presently has a consensus rating of “Buy” and an average price target of $85.50.

In other W. R. Grace & Co news, insider Force Andrew Hudson La III purchased 4,000 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were acquired at an average cost of $69.04 per share, with a total value of $276,160.00. Following the completion of the acquisition, the insider now directly owns 96,391 shares in the company, valued at $6,654,834.64. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder North Latitude Fund Lp 40 purchased 198,096 shares of the firm’s stock in a transaction on Wednesday, August 14th. The shares were acquired at an average cost of $63.42 per share, for a total transaction of $12,563,248.32. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 498,970 shares of company stock worth $32,047,464. 2.00% of the stock is owned by insiders.

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

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