W. R. Grace & Co (GRA) Shares Bought by Massmutual Trust Co. FSB ADV

Massmutual Trust Co. FSB ADV raised its holdings in W. R. Grace & Co (NYSE:GRA) by 37.2% in the third quarter, HoldingsChannel.com reports. The fund owned 5,889 shares of the specialty chemicals company’s stock after acquiring an additional 1,596 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in W. R. Grace & Co were worth $421,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Neuburgh Advisers LLC acquired a new position in shares of W. R. Grace & Co during the second quarter worth about $142,000. Flinton Capital Management LLC acquired a new position in shares of W. R. Grace & Co during the second quarter worth about $219,000. Meadow Creek Investment Management LLC acquired a new position in shares of W. R. Grace & Co during the second quarter worth about $103,000. Marshall Wace LLP acquired a new position in shares of W. R. Grace & Co during the second quarter worth about $1,106,000. Finally, Tiverton Asset Management LLC acquired a new position in shares of W. R. Grace & Co during the second quarter worth about $427,000. 86.03% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE GRA opened at $61.88 on Friday. W. R. Grace & Co has a 52 week low of $58.48 and a 52 week high of $75.59. The company has a quick ratio of 0.99, a current ratio of 1.59 and a debt-to-equity ratio of 7.01. The company has a market cap of $4.15 billion, a P/E ratio of 18.20, a P/E/G ratio of 1.29 and a beta of 1.30.

W. R. Grace & Co (NYSE:GRA) last issued its quarterly earnings results on Wednesday, October 24th. The specialty chemicals company reported $1.11 EPS for the quarter, beating the consensus estimate of $1.02 by $0.09. W. R. Grace & Co had a positive return on equity of 98.65% and a negative net margin of 1.31%. The firm had revenue of $494.90 million during the quarter, compared to analysts’ expectations of $472.23 million. During the same period in the prior year, the firm posted $0.90 earnings per share. The business’s quarterly revenue was up 15.2% compared to the same quarter last year. As a group, equities research analysts anticipate that W. R. Grace & Co will post 4.01 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 5th. Investors of record on Wednesday, November 14th will be given a dividend of $0.24 per share. The ex-dividend date is Tuesday, November 13th. This represents a $0.96 annualized dividend and a yield of 1.55%. W. R. Grace & Co’s dividend payout ratio (DPR) is presently 28.24%.

Several research firms have recently weighed in on GRA. BMO Capital Markets upped their price objective on W. R. Grace & Co from $84.00 to $92.00 and gave the stock an “outperform” rating in a research report on Friday, July 27th. KeyCorp upped their price objective on W. R. Grace & Co from $80.00 to $85.00 and gave the stock an “overweight” rating in a research report on Friday, July 27th. Monness Crespi & Hardt upped their price objective on W. R. Grace & Co from $83.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, July 27th. Loop Capital upped their price objective on W. R. Grace & Co to $89.00 and gave the stock a “positive” rating in a research report on Thursday, July 26th. Finally, Credit Suisse Group upped their price objective on W. R. Grace & Co from $82.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, July 27th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $82.22.

TRADEMARK VIOLATION NOTICE: This article was first published by WKRB News and is the property of of WKRB News. If you are accessing this article on another publication, it was illegally stolen and republished in violation of US and international trademark and copyright legislation. The original version of this article can be viewed at https://www.wkrb13.com/2018/11/23/w-r-grace-co-gra-shares-bought-by-massmutual-trust-co-fsb-adv.html.

W. R. Grace & Co 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 other petroleum-based products; FCC additives; and methanol-to-olefins catalysts for the conversion of methanol into petrochemical feeds, including ethylene and propylene.

See Also: Rule of 72

Want to see what other hedge funds are holding GRA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for W. R. Grace & Co (NYSE:GRA).

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

Receive News & Ratings for W. R. Grace & Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for W. R. Grace & Co and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply