W. R. Grace & Co (GRA) Position Lowered by Eos Focused Equity Management L.P.

Eos Focused Equity Management L.P. lowered its stake in W. R. Grace & Co (NYSE:GRA) by 45.9% during the third quarter, HoldingsChannel.com reports. The firm owned 31,911 shares of the specialty chemicals company’s stock after selling 27,031 shares during the period. W. R. Grace & Co makes up approximately 2.7% of Eos Focused Equity Management L.P.’s investment portfolio, making the stock its 19th biggest position. Eos Focused Equity Management L.P.’s holdings in W. R. Grace & Co were worth $2,280,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of GRA. Meadow Creek Investment Management LLC bought a new position in W. R. Grace & Co in the second quarter valued at about $103,000. Neuburgh Advisers LLC bought a new position in W. R. Grace & Co in the second quarter valued at about $142,000. Tyers Asset Management LLC bought a new position in W. R. Grace & Co in the second quarter valued at about $181,000. Flinton Capital Management LLC bought a new position in W. R. Grace & Co in the second quarter valued at about $219,000. Finally, IBM Retirement Fund bought a new position in W. R. Grace & Co in the second quarter valued at about $222,000. Institutional investors own 85.68% of the company’s stock.

GRA has been the topic of a number of recent analyst reports. Credit Suisse Group lifted their target price on W. R. Grace & Co from $82.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, July 27th. Monness Crespi & Hardt lifted their target price on W. R. Grace & Co from $83.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, July 27th. Seaport Global Securities reiterated a “buy” rating and issued a $85.00 target price on shares of W. R. Grace & Co in a research report on Tuesday, July 31st. Zacks Investment Research upgraded W. R. Grace & Co from a “hold” rating to a “buy” rating and set a $73.00 target price on the stock in a research report on Thursday, November 1st. Finally, BMO Capital Markets set a $86.00 target price on W. R. Grace & Co and gave the company a “buy” rating in a research report on Thursday, October 25th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. W. R. Grace & Co has an average rating of “Buy” and an average target price of $82.22.

W. R. Grace & Co stock opened at $66.84 on Friday. W. R. Grace & Co has a 12-month low of $58.48 and a 12-month high of $75.59. The company has a current ratio of 1.57, a quick ratio of 0.96 and a debt-to-equity ratio of 6.66. The stock has a market capitalization of $4.47 billion, a price-to-earnings ratio of 16.71, a price-to-earnings-growth ratio of 1.38 and a beta of 1.30.

W. R. Grace & Co (NYSE:GRA) last released its earnings results on Wednesday, October 24th. The specialty chemicals company reported $1.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.09. W. R. Grace & Co had a positive return on equity of 99.77% and a negative net margin of 1.31%. The firm had revenue of $494.90 million for the quarter, compared to analysts’ expectations of $472.23 million. During the same quarter in the previous year, the business posted $0.90 earnings per share. The business’s revenue for the quarter was up 15.2% on a year-over-year basis. As a group, equities analysts anticipate that W. R. Grace & Co will post 4.01 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 5th. Stockholders of record on Wednesday, November 14th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend is Tuesday, November 13th. W. R. Grace & Co’s payout ratio is 28.24%.

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About W. R. Grace & Co

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 other petroleum-based products; 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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