CIBC Asset Management Inc continued to hold its position in shares of W.R. Grace & Co. (NYSE:GRA) during the second quarter, Holdings Channel reports. The fund owned 7,337 shares of the specialty chemicals company’s stock at the end of the second quarter. CIBC Asset Management Inc’s holdings in W.R. Grace & Co. were worth $528,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of GRA. Airain ltd increased its position in shares of W.R. Grace & Co. by 139.7% in the first quarter. Airain ltd now owns 17,953 shares of the specialty chemicals company’s stock worth $1,252,000 after buying an additional 10,463 shares during the period. Twin Capital Management Inc. increased its position in shares of W.R. Grace & Co. by 24.8% in the first quarter. Twin Capital Management Inc. now owns 11,403 shares of the specialty chemicals company’s stock worth $795,000 after buying an additional 2,265 shares during the period. Parametric Portfolio Associates LLC increased its position in shares of W.R. Grace & Co. by 30.2% in the first quarter. Parametric Portfolio Associates LLC now owns 47,008 shares of the specialty chemicals company’s stock worth $3,277,000 after buying an additional 10,903 shares during the period. Exane Asset Management increased its position in shares of W.R. Grace & Co. by 40.9% in the first quarter. Exane Asset Management now owns 186,123 shares of the specialty chemicals company’s stock worth $12,975,000 after buying an additional 54,063 shares during the period. Finally, Ameriprise Financial Inc. increased its position in shares of W.R. Grace & Co. by 19.4% in the first quarter. Ameriprise Financial Inc. now owns 61,724 shares of the specialty chemicals company’s stock worth $4,302,000 after buying an additional 10,046 shares during the period. Hedge funds and other institutional investors own 82.80% of the company’s stock.

W.R. Grace & Co. (NYSE:GRA) opened at 67.09 on Wednesday. The company’s 50 day moving average is $70.09 and its 200-day moving average is $70.18. The firm has a market cap of $4.58 billion, a P/E ratio of 32.66 and a beta of 1.12. W.R. Grace & Co. has a 52-week low of $63.37 and a 52-week high of $80.56.

W.R. Grace & Co. (NYSE:GRA) last released its quarterly earnings results on Thursday, July 27th. The specialty chemicals company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.04. The business had revenue of $429.50 million for the quarter, compared to analysts’ expectations of $407.72 million. W.R. Grace & Co. had a net margin of 8.20% and a return on equity of 43.88%. The firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.74 earnings per share. On average, equities analysts predict that W.R. Grace & Co. will post $3.37 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 7th. Investors of record on Thursday, August 17th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend is Tuesday, August 15th. W.R. Grace & Co.’s dividend payout ratio (DPR) is currently 42.21%.

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A number of brokerages have recently issued reports on GRA. TheStreet upgraded shares of W.R. Grace & Co. from a “c” rating to a “b-” rating in a research report on Thursday, June 1st. Aegis restated a “buy” rating on shares of W.R. Grace & Co. in a research report on Wednesday, May 31st. Vertical Research began coverage on shares of W.R. Grace & Co. in a research report on Thursday, May 25th. They issued a “buy” rating and a $81.00 price target on the stock. Goldman Sachs Group, Inc. (The) downgraded shares of W.R. Grace & Co. from a “buy” rating to a “neutral” rating and set a $83.00 price target on the stock. in a research report on Thursday, June 8th. Finally, Monness Crespi & Hardt dropped their price target on shares of W.R. Grace & Co. from $86.00 to $83.00 and set a “buy” rating on the stock in a research report on Thursday, July 27th. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $80.18.

In related news, VP Mark A. Shelnitz sold 26,853 shares of W.R. Grace & Co. stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $71.44, for a total value of $1,918,378.32. Following the sale, the vice president now owns 83,437 shares in the company, valued at $5,960,739.28. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.30% of the company’s stock.

W.R. Grace & Co. Company Profile

W. R. Grace & Co (Grace) is engaged in the production and sale of specialty chemicals and specialty materials. The Company operates in two segments: Grace Catalysts Technologies and Grace Materials Technologies. The Grace Catalysts Technologies segment includes catalysts and related products and technologies used in refining, petrochemical and other chemical manufacturing applications.

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

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