TIAA CREF Investment Management LLC increased its holdings in W. R. Grace & Co (NYSE:GRA) by 2.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,640,635 shares of the specialty chemicals company’s stock after acquiring an additional 83,896 shares during the quarter. TIAA CREF Investment Management LLC owned approximately 5.37% of W. R. Grace & Co worth $255,318,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. American International Group Inc. acquired a new position in shares of W. R. Grace & Co in the 4th quarter valued at $113,000. Cerebellum GP LLC acquired a new position in shares of W. R. Grace & Co in the 4th quarter valued at $124,000. The Manufacturers Life Insurance Company increased its holdings in shares of W. R. Grace & Co by 5.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,487 shares of the specialty chemicals company’s stock valued at $179,000 after acquiring an additional 133 shares during the period. Toronto Dominion Bank increased its holdings in shares of W. R. Grace & Co by 244.1% in the 3rd quarter. Toronto Dominion Bank now owns 2,887 shares of the specialty chemicals company’s stock valued at $208,000 after acquiring an additional 2,048 shares during the period. Finally, US Bancorp DE increased its holdings in shares of W. R. Grace & Co by 87.7% in the 4th quarter. US Bancorp DE now owns 2,943 shares of the specialty chemicals company’s stock valued at $206,000 after acquiring an additional 1,375 shares during the period. 86.48% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have issued reports on the stock. TheStreet cut shares of W. R. Grace & Co from a “b-” rating to a “c” rating in a research note on Thursday, February 8th. Zacks Investment Research cut shares of W. R. Grace & Co from a “buy” rating to a “hold” rating in a research note on Tuesday, December 26th. Finally, Seaport Global Securities reissued a “buy” rating and issued a $82.00 price objective on shares of W. R. Grace & Co in a research note on Monday, February 12th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $81.60.
W. R. Grace & Co (NYSE GRA) opened at $66.69 on Wednesday. The company has a debt-to-equity ratio of 5.79, a current ratio of 1.63 and a quick ratio of 1.11. The stock has a market cap of $4,551.69, a price-to-earnings ratio of 19.78, a price-to-earnings-growth ratio of 1.50 and a beta of 1.21. W. R. Grace & Co has a 12 month low of $62.58 and a 12 month high of $77.37.
W. R. Grace & Co (NYSE:GRA) last announced its quarterly earnings data on Thursday, February 8th. The specialty chemicals company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.02. The company had revenue of $459.50 million for the quarter, compared to analysts’ expectations of $453.84 million. W. R. Grace & Co had a net margin of 0.65% and a return on equity of 63.39%. W. R. Grace & Co’s revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.95 EPS. equities research analysts anticipate that W. R. Grace & Co will post 3.75 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 22nd. Shareholders of record on Thursday, March 1st will be given a dividend of $0.24 per share. This is a positive change from W. R. Grace & Co’s previous quarterly dividend of $0.21. This represents a $0.96 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend is Wednesday, February 28th. W. R. Grace & Co’s payout ratio is presently 600.00%.
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.
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