Gates Capital Management Inc. trimmed its holdings in GCP Applied Technologies Inc (NYSE:GCP) by 54.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,268,648 shares of the construction company’s stock after selling 1,508,422 shares during the quarter. GCP Applied Technologies comprises about 1.7% of Gates Capital Management Inc.’s portfolio, making the stock its 25th biggest holding. Gates Capital Management Inc.’s holdings in GCP Applied Technologies were worth $31,145,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Whitener Capital Management Inc. grew its holdings in GCP Applied Technologies by 193.0% in the 4th quarter. Whitener Capital Management Inc. now owns 1,670 shares of the construction company’s stock worth $40,000 after buying an additional 1,100 shares in the last quarter. Bank of Montreal Can grew its holdings in GCP Applied Technologies by 15.5% in the 4th quarter. Bank of Montreal Can now owns 3,617 shares of the construction company’s stock worth $89,000 after buying an additional 485 shares in the last quarter. Quantamental Technologies LLC acquired a new stake in GCP Applied Technologies in the fourth quarter worth approximately $104,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in GCP Applied Technologies by 19.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,708 shares of the construction company’s stock worth $116,000 after purchasing an additional 773 shares during the period. Finally, Oppenheimer Asset Management Inc. acquired a new stake in GCP Applied Technologies in the fourth quarter worth approximately $155,000. 82.39% of the stock is owned by institutional investors and hedge funds.

In other news, CEO Gregory E. Poling sold 32,162 shares of the stock in a transaction on Monday, January 7th. The stock was sold at an average price of $25.70, for a total transaction of $826,563.40. Following the completion of the sale, the chief executive officer now owns 78,504 shares in the company, valued at approximately $2,017,552.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Dalbergia Investments Llc acquired 6,990,798 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were bought at an average price of $28.95 per share, with a total value of $202,383,602.10. The disclosure for this purchase can be found here. Corporate insiders own 1.10% of the company’s stock.

A number of equities research analysts have weighed in on GCP shares. CL King restated a “neutral” rating on shares of GCP Applied Technologies in a research report on Thursday, December 13th. Zacks Investment Research upgraded GCP Applied Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, December 18th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $31.75.

GCP opened at $30.43 on Tuesday. The company has a market capitalization of $2.20 billion, a price-to-earnings ratio of 33.44, a PEG ratio of 1.53 and a beta of 0.97. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.46 and a quick ratio of 2.06. GCP Applied Technologies Inc has a 1-year low of $22.49 and a 1-year high of $32.70.

GCP Applied Technologies (NYSE:GCP) last released its earnings results on Wednesday, February 27th. The construction company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. The firm had revenue of $276.00 million during the quarter, compared to the consensus estimate of $284.36 million. GCP Applied Technologies had a return on equity of 13.74% and a net margin of 1.35%. The firm’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.24 earnings per share. On average, analysts predict that GCP Applied Technologies Inc will post 1.1 EPS for the current fiscal year.

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About GCP Applied Technologies

GCP Applied Technologies Inc produces and sells specialty construction chemicals and specialty building materials worldwide. Its Specialty Construction Chemicals segment offers concrete admixtures under the CONCERA, CLARENA, ADVA, STRUX, MIRA, TYTRO, POLARSET, ECLIPSE, DARACEM, DARASET, DCI, RECOVER, WRDA, and ZYLA brands; admixtures for decorative concrete under the PIERI brand; concrete production management system under the VERIFI and DUCTILCRETE brands; and cement additives under the OPTEVA HE, TAVERO VM, CBA, SYNCHRO, HEA2, TDA, and ESE brands.

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Institutional Ownership by Quarter for GCP Applied Technologies (NYSE:GCP)

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