Micawber Capital LLC raised its position in W.R. Grace & Co. (NYSE:GRA) by 6.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,256 shares of the specialty chemicals company’s stock after buying an additional 1,641 shares during the period. W.R. Grace & Co. accounts for approximately 3.1% of Micawber Capital LLC’s portfolio, making the stock its 15th largest position. Micawber Capital LLC’s holdings in W.R. Grace & Co. were worth $1,891,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in GRA. Iridian Asset Management LLC CT raised its stake in W.R. Grace & Co. by 2.1% in the second quarter. Iridian Asset Management LLC CT now owns 3,362,061 shares of the specialty chemicals company’s stock worth $242,102,000 after buying an additional 70,650 shares in the last quarter. TIAA CREF Investment Management LLC raised its stake in W.R. Grace & Co. by 70.4% in the first quarter. TIAA CREF Investment Management LLC now owns 2,058,989 shares of the specialty chemicals company’s stock worth $143,532,000 after buying an additional 850,772 shares in the last quarter. Teachers Advisors LLC raised its stake in W.R. Grace & Co. by 191.5% in the first quarter. Teachers Advisors LLC now owns 1,782,872 shares of the specialty chemicals company’s stock worth $124,284,000 after buying an additional 1,171,266 shares in the last quarter. Neuberger Berman Group LLC raised its stake in W.R. Grace & Co. by 5.7% in the second quarter. Neuberger Berman Group LLC now owns 1,380,372 shares of the specialty chemicals company’s stock worth $99,401,000 after buying an additional 73,870 shares in the last quarter. Finally, State Street Corp raised its stake in W.R. Grace & Co. by 1.2% in the first quarter. State Street Corp now owns 1,282,155 shares of the specialty chemicals company’s stock worth $89,390,000 after buying an additional 14,641 shares in the last quarter. 84.78% of the stock is currently owned by institutional investors.

Shares of W.R. Grace & Co. (NYSE:GRA) opened at 70.77 on Thursday. The company has a 50-day moving average price of $69.59 and a 200-day moving average price of $70.10. W.R. Grace & Co. has a 12 month low of $63.37 and a 12 month high of $79.66. The firm has a market cap of $4.83 billion, a price-to-earnings ratio of 34.45 and a beta of 1.12.

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

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 7th. Investors of record on Thursday, August 17th will be issued a $0.21 dividend. The ex-dividend date is Tuesday, August 15th. This represents a $0.84 dividend on an annualized basis and a yield of 1.20%. W.R. Grace & Co.’s payout ratio is currently 42.21%.

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A number of equities research analysts have recently commented on GRA shares. Vertical Research started coverage on W.R. Grace & Co. in a research report on Thursday, May 25th. They set a “buy” rating and a $81.00 price target on the stock. Zacks Investment Research raised W.R. Grace & Co. from a “sell” rating to a “hold” rating in a research report on Monday, May 22nd. Monness Crespi & Hardt dropped their price target on W.R. Grace & Co. from $86.00 to $83.00 and set a “buy” rating on the stock in a research report on Thursday, July 27th. BidaskClub raised W.R. Grace & Co. from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. Finally, Aegis reaffirmed a “buy” rating on shares of W.R. Grace & Co. in a research report on Wednesday, May 31st. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $80.18.

In related news, VP Mark A. Shelnitz sold 26,853 shares of the business’s stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $71.44, for a total value of $1,918,378.32. Following the completion of the transaction, the vice president now directly owns 83,437 shares in the company, valued at approximately $5,960,739.28. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.30% of the stock is 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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