YorkBridge Wealth Partners LLC increased its stake in W. R. Grace & Co (NYSE:GRA) by 154.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,595 shares of the specialty chemicals company’s stock after acquiring an additional 969 shares during the quarter. YorkBridge Wealth Partners LLC’s holdings in W. R. Grace & Co were worth $121,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the stock. Amalgamated Bank increased its holdings in shares of W. R. Grace & Co by 42.7% in the 4th quarter. Amalgamated Bank now owns 14,255 shares of the specialty chemicals company’s stock worth $925,000 after purchasing an additional 4,266 shares in the last quarter. Norges Bank bought a new stake in shares of W. R. Grace & Co in the 4th quarter worth $54,688,000. Geode Capital Management LLC increased its holdings in shares of W. R. Grace & Co by 5.1% in the 4th quarter. Geode Capital Management LLC now owns 623,801 shares of the specialty chemicals company’s stock worth $40,490,000 after purchasing an additional 30,216 shares in the last quarter. Huntington National Bank bought a new stake in shares of W. R. Grace & Co in the 1st quarter worth $26,000. Finally, Highland Capital Management LLC bought a new stake in shares of W. R. Grace & Co in the 1st quarter worth $1,173,000. 86.46% of the stock is currently owned by institutional investors.
A number of analysts have commented on GRA shares. BMO Capital Markets set a $216.00 target price on Stryker and gave the stock a “hold” rating in a report on Friday, July 26th. Zacks Investment Research lowered Goosehead Insurance from a “buy” rating to a “hold” rating in a report on Monday. ValuEngine raised Zimmer Biomet from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Robert W. Baird set a $81.00 target price on W. R. Grace & Co and gave the stock a “buy” rating in a report on Friday, July 26th. Two research analysts have rated the stock with a sell rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $85.43.
W. R. Grace & Co (NYSE:GRA) last issued its quarterly earnings data on Thursday, July 25th. The specialty chemicals company reported $1.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.14 by $0.02. W. R. Grace & Co had a return on equity of 89.62% and a net margin of 9.31%. The company had revenue of $513.60 million during the quarter, compared to analyst estimates of $508.65 million. During the same quarter in the previous year, the company posted $1.07 earnings per share. W. R. Grace & Co’s revenue was up 5.7% compared to the same quarter last year. As a group, analysts forecast that W. R. Grace & Co will post 4.39 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Thursday, August 15th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.60%. The ex-dividend date of this dividend is Wednesday, August 14th. W. R. Grace & Co’s payout ratio is currently 26.09%.
In related news, VP Mark A. Shelnitz sold 11,792 shares of W. R. Grace & Co stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $76.36, for a total transaction of $900,437.12. Following the transaction, the vice president now directly owns 76,253 shares in the company, valued at $5,822,679.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP William C. Dockman sold 4,717 shares of W. R. Grace & Co stock in a transaction on Monday, May 6th. The shares were sold at an average price of $76.49, for a total value of $360,803.33. Following the transaction, the vice president now owns 11,013 shares in the company, valued at $842,384.37. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by insiders.
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 petrochemicals; FCC additives; and methanol-to-olefins catalysts for the conversion of methanol into petrochemical feeds, including ethylene and propylene.
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