Swift Run Capital Management LLC decreased its position in W.R. Grace & Co. (NYSE:GRA) by 1.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 83,422 shares of the specialty chemicals company’s stock after selling 1,003 shares during the period. W.R. Grace & Co. comprises approximately 3.5% of Swift Run Capital Management LLC’s holdings, making the stock its 12th largest position. Swift Run Capital Management LLC’s holdings in W.R. Grace & Co. were worth $6,007,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the company. US Bancorp DE increased its position in shares of W.R. Grace & Co. by 7.2% in the first quarter. US Bancorp DE now owns 2,284 shares of the specialty chemicals company’s stock worth $159,000 after buying an additional 154 shares in the last quarter. Xact Kapitalforvaltning AB increased its position in shares of W.R. Grace & Co. by 5.1% in the second quarter. Xact Kapitalforvaltning AB now owns 5,533 shares of the specialty chemicals company’s stock worth $398,000 after buying an additional 267 shares during the period. LS Investment Advisors LLC increased its position in shares of W.R. Grace & Co. by 13.4% in the second quarter. LS Investment Advisors LLC now owns 2,517 shares of the specialty chemicals company’s stock worth $181,000 after buying an additional 298 shares during the period. Pictet Asset Management Ltd. increased its position in shares of W.R. Grace & Co. by 1.2% in the second quarter. Pictet Asset Management Ltd. now owns 25,100 shares of the specialty chemicals company’s stock worth $1,799,000 after buying an additional 300 shares during the period. Finally, Daiwa Securities Group Inc. increased its position in shares of W.R. Grace & Co. by 22.9% in the second quarter. Daiwa Securities Group Inc. now owns 2,150 shares of the specialty chemicals company’s stock worth $155,000 after buying an additional 400 shares during the period. 82.80% of the stock is owned by institutional investors and hedge funds.

Shares of W.R. Grace & Co. (GRA) opened at 67.29 on Tuesday. The firm has a market capitalization of $4.59 billion, a P/E ratio of 32.76 and a beta of 1.12. W.R. Grace & Co. has a 12-month low of $63.37 and a 12-month high of $80.56. The stock has a 50 day moving average price of $70.19 and a 200 day moving average price of $70.21.

W.R. Grace & Co. (NYSE:GRA) last issued its earnings results on Thursday, July 27th. The specialty chemicals company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.80 by $0.04. The company had revenue of $429.50 million during the quarter, compared to analyst estimates of $407.72 million. W.R. Grace & Co. had a return on equity of 43.88% and a net margin of 8.20%. The business’s revenue was up 10.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.74 EPS. Equities analysts anticipate that W.R. Grace & Co. will post $3.37 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 7th. Stockholders of record on Thursday, August 17th will be given a $0.21 dividend. The ex-dividend date is Tuesday, August 15th. This represents a $0.84 annualized dividend and a dividend yield of 1.25%. W.R. Grace & Co.’s payout ratio is 42.21%.

TRADEMARK VIOLATION NOTICE: “Swift Run Capital Management LLC Has $6.01 Million Stake in W.R. Grace & Co. (GRA)” was originally posted by Watch List News and is the sole property of of Watch List News. If you are accessing this article on another website, it was copied illegally and republished in violation of US and international copyright and trademark laws. The legal version of this article can be viewed at https://www.watchlistnews.com/swift-run-capital-management-llc-has-6-01-million-stake-in-w-r-grace-co-gra/1491421.html.

A number of equities analysts recently issued reports on GRA shares. Susquehanna Bancshares Inc started coverage on W.R. Grace & Co. in a report on Tuesday, April 25th. They issued a “neutral” rating and a $75.00 price target for the company. Zacks Investment Research raised W.R. Grace & Co. from a “hold” rating to a “buy” rating and set a $79.00 price target for the company in a report on Tuesday, June 27th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $70.00 price target on shares of W.R. Grace & Co. in a report on Friday, June 16th. TheStreet raised W.R. Grace & Co. from a “c” rating to a “b-” rating in a report on Thursday, June 1st. Finally, Aegis reaffirmed a “buy” rating on shares of W.R. Grace & Co. in a report on Wednesday, May 31st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. W.R. Grace & Co. currently has a consensus rating of “Buy” and a consensus price target of $80.18.

In other news, VP Mark A. Shelnitz sold 26,853 shares of W.R. Grace & Co. stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $71.44, for a total value of $1,918,378.32. Following the completion of the transaction, the vice president now owns 83,437 shares in the company, valued at approximately $5,960,739.28. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.30% of the stock is currently owned by company insiders.

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.

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 Analyst Ratings Network's FREE daily email newsletter.