W.R. Grace & Co. (GRA) Stake Held by Kalmar Investments Inc. DE
Kalmar Investments Inc. DE maintained its position in W.R. Grace & Co. (NYSE:GRA) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 228,440 shares of the company’s stock at the end of the second quarter. Kalmar Investments Inc. DE owned approximately 0.32% of W.R. Grace & Co. worth $16,724,000 as of its most recent filing with the SEC.
A number of other institutional investors have also added to or reduced their stakes in GRA. Credit Agricole S A acquired a new position in W.R. Grace & Co. during the first quarter worth approximately $102,000. Advisory Services Network LLC acquired a new position in W.R. Grace & Co. during the second quarter worth approximately $132,000. Strs Ohio raised its position in W.R. Grace & Co. by 1,860.2% in the second quarter. Strs Ohio now owns 1,823 shares of the company’s stock worth $133,000 after buying an additional 1,730 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in W.R. Grace & Co. by 72.9% in the second quarter. BNP Paribas Arbitrage SA now owns 2,141 shares of the company’s stock worth $157,000 after buying an additional 903 shares in the last quarter. Finally, Nordea Investment Management AB raised its position in W.R. Grace & Co. by 10.7% in the second quarter. Nordea Investment Management AB now owns 2,214 shares of the company’s stock worth $162,000 after buying an additional 214 shares in the last quarter. 83.75% of the stock is currently owned by institutional investors and hedge funds.
W.R. Grace & Co. (NYSE:GRA) traded up 0.73% during midday trading on Wednesday, hitting $70.11. 414,469 shares of the stock were exchanged. W.R. Grace & Co. has a 1-year low of $63.84 and a 1-year high of $101.99. The company has a market capitalization of $4.93 billion, a P/E ratio of 68.53 and a beta of 1.40. The company’s 50 day moving average is $73.55 and its 200 day moving average is $75.53.
W.R. Grace & Co. (NYSE:GRA) last issued its quarterly earnings results on Monday, August 1st. The company reported $0.74 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.06. The company had revenue of $390.50 million for the quarter, compared to the consensus estimate of $407.36 million. W.R. Grace & Co. had a net margin of 3.05% and a return on equity of 86.16%. The firm’s quarterly revenue was down 4.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.19 EPS. Analysts predict that W.R. Grace & Co. will post $3.07 earnings per share for the current fiscal year.
Several research firms have commented on GRA. KeyCorp reissued a “buy” rating and issued a $85.00 target price on shares of W.R. Grace & Co. in a report on Thursday, July 14th. Jefferies Group reissued a “buy” rating on shares of W.R. Grace & Co. in a report on Wednesday, July 6th. TheStreet lowered shares of W.R. Grace & Co. from a “buy” rating to a “hold” rating in a report on Wednesday, September 28th. Zacks Investment Research lowered shares of W.R. Grace & Co. from a “hold” rating to a “sell” rating in a report on Thursday, July 14th. Finally, Robert W. Baird reissued a “neutral” rating and issued a $76.00 target price on shares of W.R. Grace & Co. in a report on Tuesday, August 2nd. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $87.36.
W.R. Grace & Co. Company Profile
W.R. Grace & Co (Grace) is engaged in the production and sale of specialty chemicals and specialty materials. The Company operates in three segments: Grace Catalysts Technologies, Grace Materials Technologies and Grace Construction Products. Its Grace Catalysts Technologies segment produces and sells catalysts and related products and technologies used in refining, petrochemical and other chemical manufacturing applications, including Fluid catalytic cracking catalysts, Hydroprocessing catalysts, and Polyolefin catalysts and catalyst supports.
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