AMP Capital Investors Ltd lowered its holdings in shares of W.R. Grace & Co. (NYSE:GRA) by 47.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 19,491 shares of the specialty chemicals company’s stock after selling 17,859 shares during the period. AMP Capital Investors Ltd’s holdings in W.R. Grace & Co. were worth $1,406,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in GRA. OxFORD Asset Management LLP raised its stake in W.R. Grace & Co. by 37.7% during the third quarter. OxFORD Asset Management LLP now owns 67,887 shares of the specialty chemicals company’s stock worth $4,901,000 after buying an additional 18,583 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in W.R. Grace & Co. by 2.7% during the third quarter. Dimensional Fund Advisors LP now owns 370,058 shares of the specialty chemicals company’s stock worth $26,701,000 after buying an additional 9,610 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in W.R. Grace & Co. by 2.9% during the third quarter. Schwab Charles Investment Management Inc. now owns 286,656 shares of the specialty chemicals company’s stock worth $20,683,000 after buying an additional 8,070 shares during the last quarter. Trexquant Investment LP bought a new position in W.R. Grace & Co. during the third quarter worth $221,000. Finally, Legal & General Group Plc raised its stake in W.R. Grace & Co. by 6.9% during the third quarter. Legal & General Group Plc now owns 88,761 shares of the specialty chemicals company’s stock worth $6,403,000 after buying an additional 5,757 shares during the last quarter. 84.79% of the stock is owned by hedge funds and other institutional investors.

Shares of W.R. Grace & Co. (GRA) opened at $70.90 on Thursday. The company has a quick ratio of 1.06, a current ratio of 1.59 and a debt-to-equity ratio of 3.83. The company has a market cap of $4,799.67, a price-to-earnings ratio of 21.02, a price-to-earnings-growth ratio of 1.74 and a beta of 1.17. W.R. Grace & Co. has a twelve month low of $65.84 and a twelve month high of $77.37.

W.R. Grace & Co. (NYSE:GRA) last posted its quarterly earnings results on Wednesday, October 25th. The specialty chemicals company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.09. The business had revenue of $429.50 million during the quarter, compared to analysts’ expectations of $411.50 million. W.R. Grace & Co. had a net margin of 8.54% and a return on equity of 48.03%. The business’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period last year, the company posted $0.80 earnings per share. equities analysts predict that W.R. Grace & Co. will post 3.39 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, December 7th. Shareholders of record on Wednesday, November 15th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date was Tuesday, November 14th. W.R. Grace & Co.’s payout ratio is 39.44%.

GRA has been the subject of a number of analyst reports. Zacks Investment Research downgraded shares of W.R. Grace & Co. from a “hold” rating to a “sell” rating in a research note on Friday, October 20th. 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. Jefferies Group reissued a “hold” rating on shares of W.R. Grace & Co. in a research note on Tuesday, October 3rd. BidaskClub raised shares of W.R. Grace & Co. from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. Finally, 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. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $81.36.

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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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