Neuburgh Advisers LLC lifted its holdings in W. R. Grace & Co (NYSE:GRA) by 551.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,044 shares of the specialty chemicals company’s stock after purchasing an additional 9,350 shares during the period. Neuburgh Advisers LLC’s holdings in W. R. Grace & Co were worth $841,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Harvest Group Wealth Management LLC bought a new position in shares of W. R. Grace & Co in the first quarter valued at $27,000. YorkBridge Wealth Partners LLC acquired a new position in shares of W. R. Grace & Co in the 1st quarter worth $49,000. Quantitative Systematic Strategies LLC raised its position in shares of W. R. Grace & Co by 12.3% during the second quarter. Quantitative Systematic Strategies LLC now owns 8,220 shares of the specialty chemicals company’s stock worth $626,000 after purchasing an additional 903 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its position in shares of W. R. Grace & Co by 48.9% during the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 4,600 shares of the specialty chemicals company’s stock worth $358,000 after purchasing an additional 1,510 shares during the period. Finally, Xact Kapitalforvaltning AB raised its position in shares of W. R. Grace & Co by 47.5% during the second quarter. Xact Kapitalforvaltning AB now owns 5,900 shares of the specialty chemicals company’s stock worth $449,000 after purchasing an additional 1,900 shares during the period. Institutional investors and hedge funds own 86.54% of the company’s stock.

A number of equities analysts recently weighed in on the company. Zacks Investment Research lowered W. R. Grace & Co from a “hold” rating to a “sell” rating in a research report on Friday, September 6th. ValuEngine downgraded W. R. Grace & Co from a “hold” rating to a “sell” rating in a report on Saturday, July 27th. Robert W. Baird set a $81.00 price objective on shares of W. R. Grace & Co and gave the company a “buy” rating in a research note on Friday, July 26th. Finally, BMO Capital Markets set a $83.00 price objective on shares of W. R. Grace & Co and gave the company a “buy” rating in a research note on Friday, July 26th. Two investment analysts have rated the stock with a sell rating and six have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $85.50.

In other W. R. Grace & Co news, insider Force Andrew Hudson La III acquired 4,000 shares of W. R. Grace & Co stock in a transaction that occurred on Thursday, August 1st. The stock was purchased at an average cost of $69.04 per share, with a total value of $276,160.00. Following the purchase, the insider now owns 96,391 shares in the company, valued at $6,654,834.64. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder North Latitude Fund Lp 40 acquired 198,096 shares of W. R. Grace & Co stock in a transaction that occurred on Wednesday, August 14th. The stock was acquired at an average cost of $63.42 per share, with a total value of $12,563,248.32. The disclosure for this purchase can be found here. Insiders have bought 498,970 shares of company stock worth $32,047,464 in the last quarter. 2.00% of the stock is currently owned by corporate insiders.

NYSE GRA traded up $0.91 on Wednesday, hitting $70.78. 7,829 shares of the stock were exchanged, compared to its average volume of 439,764. W. R. Grace & Co has a 52-week low of $59.22 and a 52-week high of $79.71. The company has a debt-to-equity ratio of 5.06, a current ratio of 1.48 and a quick ratio of 1.01. The company has a market capitalization of $4.67 billion, a price-to-earnings ratio of 17.11, a P/E/G ratio of 1.33 and a beta of 0.99. The company’s 50-day moving average price is $67.65 and its two-hundred day moving average price is $73.86.

W. R. Grace & Co (NYSE:GRA) last released its earnings results on Thursday, July 25th. The specialty chemicals company reported $1.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.14 by $0.02. The company had revenue of $513.60 million during the quarter, compared to analyst estimates of $508.65 million. W. R. Grace & Co had a return on equity of 85.42% and a net margin of 9.31%. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.07 earnings per share. Equities analysts predict that W. R. Grace & Co will post 4.4 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.53%. W. R. Grace & Co’s dividend payout ratio is 26.09%.

W. R. Grace & Co Company Profile

W. R. Grace & Co produces and sells specialty chemicals and materials worldwide. It operates through two segments, Grace Catalysts Technologies and Grace Materials Technologies. The Grace Catalysts Technologies segment offers fluid catalytic cracking (FCC) catalysts for the production of transportation fuels, such as gasoline and diesel fuels, and petrochemicals; FCC additives; and methanol-to-olefins catalysts for the conversion of methanol into petrochemical feeds, including ethylene and propylene.

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

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