UBS Asset Management Americas Inc. raised its position in shares of W.R. Grace & Co. (NYSE:GRA) by 10.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 171,628 shares of the specialty chemicals company’s stock after acquiring an additional 16,069 shares during the period. UBS Asset Management Americas Inc. owned approximately 0.25% of W.R. Grace & Co. worth $12,359,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in GRA. US Bancorp DE boosted its holdings in W.R. Grace & Co. by 7.2% during the first quarter. US Bancorp DE now owns 2,284 shares of the specialty chemicals company’s stock valued at $159,000 after acquiring an additional 154 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of W.R. Grace & Co. by 3.7% in the first quarter. Bank of New York Mellon Corp now owns 382,017 shares of the specialty chemicals company’s stock valued at $26,629,000 after buying an additional 13,567 shares during the period. Ameriprise Financial Inc. lifted its stake 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 valued at $4,302,000 after buying an additional 10,046 shares during the period. Parametric Portfolio Associates LLC lifted its stake 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 valued at $3,277,000 after buying an additional 10,903 shares during the period. Finally, OppenheimerFunds Inc. lifted its stake in shares of W.R. Grace & Co. by 43.4% in the first quarter. OppenheimerFunds Inc. now owns 7,600 shares of the specialty chemicals company’s stock valued at $530,000 after buying an additional 2,300 shares during the period. Institutional investors own 84.69% of the company’s stock.

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Several research firms recently weighed in on GRA. Jefferies Group LLC reiterated a “hold” rating on shares of W.R. Grace & Co. in a research note on Tuesday. Loop Capital began coverage on shares of W.R. Grace & Co. in a research note on Thursday, September 28th. They issued a “buy” rating and a $81.00 target price for the company. KeyCorp reiterated a “buy” rating and issued a $77.00 target price on shares of W.R. Grace & Co. in a research note on Sunday, September 3rd. Robert W. Baird reiterated a “buy” rating and issued a $85.00 target price on shares of W.R. Grace & Co. in a research note on Friday, September 1st. Finally, BidaskClub upgraded shares of W.R. Grace & Co. from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. W.R. Grace & Co. has an average rating of “Buy” and an average target price of $80.08.

W.R. Grace & Co. (NYSE:GRA) opened at 73.09 on Thursday. W.R. Grace & Co. has a 52-week low of $63.37 and a 52-week high of $74.63. The company has a 50-day moving average of $71.32 and a 200 day moving average of $70.33. The firm has a market cap of $4.99 billion, a price-to-earnings ratio of 35.58 and a beta of 1.11.

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

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 7th. Shareholders of record on Thursday, August 17th were issued 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 dividend payout ratio is currently 42.21%.

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.

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

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