Westpac Banking Corp maintained its position in shares of W.R. Grace & Co. (NYSE:GRA) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,089 shares of the specialty chemicals company’s stock at the end of the second quarter. Westpac Banking Corp’s holdings in W.R. Grace & Co. were worth $438,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. grew its stake in W.R. Grace & Co. by 22.9% during the 2nd quarter. Daiwa Securities Group Inc. now owns 2,150 shares of the specialty chemicals company’s stock worth $155,000 after purchasing an additional 400 shares in the last quarter. US Bancorp DE grew its stake in W.R. Grace & Co. by 7.2% during the 1st quarter. US Bancorp DE now owns 2,284 shares of the specialty chemicals company’s stock worth $159,000 after purchasing an additional 154 shares in the last quarter. LS Investment Advisors LLC grew its stake in W.R. Grace & Co. by 13.4% during the 2nd quarter. LS Investment Advisors LLC now owns 2,517 shares of the specialty chemicals company’s stock worth $181,000 after purchasing an additional 298 shares in the last quarter. World Asset Management Inc acquired a new position in W.R. Grace & Co. during the 2nd quarter worth $221,000. Finally, MUFG Americas Holdings Corp acquired a new position in W.R. Grace & Co. during the 2nd quarter worth $223,000. 84.78% of the stock is owned by hedge funds and other institutional investors.

W.R. Grace & Co. (GRA) opened at 72.79 on Friday. The stock’s 50 day moving average price is $69.62 and its 200 day moving average price is $70.11. The firm has a market capitalization of $4.97 billion, a PE ratio of 35.44 and a beta of 1.11. W.R. Grace & Co. has a 52-week low of $63.37 and a 52-week high of $75.09.

W.R. Grace & Co. (NYSE:GRA) last announced its earnings results on Thursday, July 27th. The specialty chemicals company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.04. The company 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 company’s revenue was up 10.0% on a year-over-year basis. During the same period last year, the firm earned $0.74 earnings per share. Analysts expect that W.R. Grace & Co. will post $3.37 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 7th. Stockholders of record on Thursday, August 17th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Tuesday, August 15th. This represents a $0.84 annualized dividend and a dividend yield of 1.15%. W.R. Grace & Co.’s dividend payout ratio is presently 42.21%.

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Several research analysts recently commented on the company. KeyCorp reissued a “buy” rating and set a $77.00 target price on shares of W.R. Grace & Co. in a research note on Sunday, September 3rd. Robert W. Baird reissued a “buy” rating and set a $85.00 target price on shares of W.R. Grace & Co. in a research note on Friday, September 1st. BidaskClub raised W.R. Grace & Co. from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. Zacks Investment Research raised W.R. Grace & Co. from a “sell” rating to a “hold” rating in a research note on Monday, August 7th. Finally, Monness Crespi & Hardt lowered their target price on W.R. Grace & Co. from $86.00 to $83.00 and set a “buy” rating for the company in a research note on Thursday, July 27th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. W.R. Grace & Co. has an average rating of “Buy” and an average price target of $79.92.

W.R. Grace & Co. Profile

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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