Point72 Europe London LLP lessened its stake in shares of W.R. Grace & Co. (NYSE:GRA) by 49.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 364,275 shares of the specialty chemicals company’s stock after selling 355,754 shares during the quarter. W.R. Grace & Co. comprises about 6.2% of Point72 Europe London LLP’s holdings, making the stock its 4th biggest holding. Point72 Europe London LLP owned 0.53% of W.R. Grace & Co. worth $26,231,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in shares of W.R. Grace & Co. by 58.3% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 18,208 shares of the specialty chemicals company’s stock worth $1,311,000 after buying an additional 6,705 shares during the last quarter. Micawber Capital LLC lifted its position in shares of W.R. Grace & Co. by 6.7% during the 2nd quarter. Micawber Capital LLC now owns 26,256 shares of the specialty chemicals company’s stock worth $1,891,000 after buying an additional 1,641 shares during the last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of W.R. Grace & Co. during the 2nd quarter worth approximately $4,753,000. Neuberger Berman Group LLC lifted its position in shares of W.R. Grace & Co. by 5.7% during the 2nd quarter. Neuberger Berman Group LLC now owns 1,380,372 shares of the specialty chemicals company’s stock worth $99,401,000 after buying an additional 73,870 shares during the last quarter. Finally, TIAA CREF Investment Management LLC lifted its position in shares of W.R. Grace & Co. by 68.9% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 3,477,805 shares of the specialty chemicals company’s stock worth $250,437,000 after buying an additional 1,418,816 shares during the last quarter. Institutional investors and hedge funds own 84.69% of the company’s stock.

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Several analysts have recently weighed in on the stock. Loop Capital assumed coverage on shares of W.R. Grace & Co. in a research report on Thursday, September 28th. They set a “buy” rating and a $81.00 price objective for the company. Jefferies Group LLC restated a “hold” rating on shares of W.R. Grace & Co. in a research report on Tuesday. KeyCorp reiterated a “buy” rating and issued a $77.00 price target on shares of W.R. Grace & Co. in a research report on Sunday, September 3rd. Robert W. Baird reiterated a “buy” rating and issued a $85.00 price target on shares of W.R. Grace & Co. in a research report on Friday, September 1st. Finally, 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 for the company. in a research report on Thursday, June 8th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $80.08.

W.R. Grace & Co. (GRA) traded down 0.70% during mid-day trading on Friday, reaching $72.31. 180,225 shares of the company traded hands. W.R. Grace & Co. has a 52-week low of $63.37 and a 52-week high of $74.63. The stock has a market capitalization of $4.93 billion, a PE ratio of 35.20 and a beta of 1.11. The firm’s 50-day moving average is $71.46 and its 200 day moving average is $70.35. W.R. Grace & Co. also saw some unusual options trading on Wednesday. Traders purchased 12,700 call options on the company. This represents an increase of 573% compared to the average volume of 1,888 call options.

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

The business also recently announced a quarterly dividend, which was paid on Thursday, September 7th. Shareholders of record on Thursday, August 17th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend was Tuesday, August 15th. W.R. Grace & Co.’s payout ratio is 42.21%.

About W.R. Grace & Co.

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.

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

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