BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in W.R. Grace & Co. (NYSE:GRA) by 58.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,208 shares of the specialty chemicals company’s stock after buying an additional 6,705 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in W.R. Grace & Co. were worth $1,311,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Strs Ohio increased its stake in W.R. Grace & Co. by 24.0% in the first quarter. Strs Ohio now owns 87,978 shares of the specialty chemicals company’s stock valued at $6,132,000 after buying an additional 17,000 shares during the last quarter. US Bancorp DE increased its stake in shares of W.R. Grace & Co. by 7.2% in the first quarter. US Bancorp DE now owns 2,284 shares of the specialty chemicals company’s stock worth $159,000 after buying an additional 154 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of W.R. Grace & Co. by 3.7% in the first quarter. Bank of New York Mellon Corp now owns 382,017 shares of the specialty chemicals company’s stock worth $26,629,000 after buying an additional 13,567 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of W.R. Grace & Co. by 309.6% in the first quarter. BNP Paribas Arbitrage SA now owns 9,573 shares of the specialty chemicals company’s stock worth $667,000 after buying an additional 7,236 shares in the last quarter. Finally, UBS Asset Management Americas Inc. increased its stake in shares of W.R. Grace & Co. by 10.8% in the first quarter. UBS Asset Management Americas Inc. now owns 155,559 shares of the specialty chemicals company’s stock worth $10,844,000 after buying an additional 15,210 shares in the last quarter. 82.80% of the stock is owned by institutional investors.

W.R. Grace & Co. (GRA) opened at 71.19 on Friday. The firm has a market capitalization of $4.86 billion, a price-to-earnings ratio of 34.66 and a beta of 1.12. W.R. Grace & Co. has a 1-year low of $63.37 and a 1-year high of $79.66. The firm’s 50-day moving average is $69.59 and its 200-day moving average is $70.10.

W.R. Grace & Co. (NYSE:GRA) last issued its earnings results on Thursday, July 27th. The specialty chemicals company reported $0.84 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.04. The firm had revenue of $429.50 million during the quarter, compared to the consensus estimate of $407.72 million. W.R. Grace & Co. had a return on equity of 43.88% and a net margin of 8.20%. The business’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.74 earnings per share. On average, equities analysts anticipate that W.R. Grace & Co. will post $3.37 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 7th. Shareholders of record on Thursday, August 17th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.18%. The ex-dividend date is Tuesday, August 15th. W.R. Grace & Co.’s payout ratio is 42.21%.

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A number of brokerages recently weighed in on GRA. BidaskClub downgraded shares of W.R. Grace & Co. from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. TheStreet raised shares of W.R. Grace & Co. from a “c” rating to a “b-” rating in a research report on Thursday, June 1st. Jefferies Group LLC reaffirmed a “hold” rating and set a $70.00 price objective on shares of W.R. Grace & Co. in a research report on Friday, June 16th. Zacks Investment Research raised shares of W.R. Grace & Co. from a “hold” rating to a “buy” rating and set a $79.00 price objective for the company in a research report on Tuesday, June 27th. Finally, Goldman Sachs Group, Inc. (The) downgraded shares of W.R. Grace & Co. from a “buy” rating to a “neutral” rating and set a $83.00 price objective for the company. in a research report on Thursday, June 8th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $80.18.

In other W.R. Grace & Co. news, VP Mark A. Shelnitz sold 26,853 shares of the business’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $71.44, for a total transaction of $1,918,378.32. Following the completion of the transaction, the vice president now owns 83,437 shares of the company’s stock, valued at $5,960,739.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.30% of the stock is currently owned by insiders.

About W.R. Grace & Co.

W. R. Grace & Co (Grace) is engaged in the production and sale of specialty chemicals and specialty materials. The Company operates in two segments: Grace Catalysts Technologies and Grace Materials Technologies. The Grace Catalysts Technologies segment includes catalysts and related products and technologies used in refining, petrochemical and other chemical manufacturing applications.

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

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