The Natixis Asset Management Acquires Shares of 7,107 W.R. Grace & Co. (GRA)

The Natixis Asset Management Acquires Shares of 7,107 W.R. Grace & Co. (GRA)

Natixis Asset Management purchased a new stake in W.R. Grace & Co. (NYSE:GRA) during the third quarter, Holdings Channel reports. The firm purchased 7,107 shares of the company’s stock, valued at approximately $525,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Echo Street Capital Management LLC raised its position in W.R. Grace & Co. by 10.9% in the third quarter. Echo Street Capital Management LLC now owns 213,259 shares of the company’s stock valued at $15,739,000 after buying an additional 21,044 shares in the last quarter. Hsbc Holdings PLC raised its position in W.R. Grace & Co. by 0.8% in the third quarter. Hsbc Holdings PLC now owns 10,151 shares of the company’s stock valued at $749,000 after buying an additional 79 shares in the last quarter. SECOR Capital Advisors LP raised its position in W.R. Grace & Co. by 116.8% in the third quarter. SECOR Capital Advisors LP now owns 108,619 shares of the company’s stock valued at $8,016,000 after buying an additional 58,519 shares in the last quarter. Weiss Asset Management LP bought a new position in W.R. Grace & Co. during the third quarter valued at approximately $236,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in W.R. Grace & Co. by 82.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,208 shares of the company’s stock valued at $901,000 after buying an additional 5,500 shares in the last quarter. Institutional investors and hedge funds own 82.52% of the company’s stock.

W.R. Grace & Co. (NYSE:GRA) traded down 0.89% during midday trading on Wednesday, reaching $69.08. The company had a trading volume of 385,465 shares. The firm’s 50-day moving average price is $67.80 and its 200 day moving average price is $71.70. W.R. Grace & Co. has a 12 month low of $63.37 and a 12 month high of $90.81. The firm has a market capitalization of $4.84 billion, a PE ratio of 49.13 and a beta of 1.22.

W.R. Grace & Co. (NYSE:GRA) last released its earnings results on Wednesday, October 26th. The company reported $0.80 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.04. W.R. Grace & Co. had a return on equity of 62.32% and a net margin of 5.00%. The firm had revenue of $404.50 million for the quarter, compared to the consensus estimate of $414.13 million. During the same period in the prior year, the business posted $0.54 earnings per share. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. Equities analysts anticipate that W.R. Grace & Co. will post $3.09 earnings per share for the current fiscal year.

Several research analysts have recently commented on the company. Aegis began coverage on W.R. Grace & Co. in a report on Thursday, January 5th. They set a “buy” rating and a $79.00 price target on the stock. Goldman Sachs Group, Inc. (The) upgraded shares of W.R. Grace & Co. from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $80.00 to $83.00 in a report on Monday, December 12th. Jefferies Group lowered shares of W.R. Grace & Co. from a “buy” rating to a “hold” rating and reduced their price objective for the company from $80.00 to $70.00 in a report on Wednesday, November 30th. Credit Suisse Group set a $82.00 price objective on shares of W.R. Grace & Co. and gave the company a “buy” rating in a report on Monday, November 28th. Finally, Seaport Global Securities upgraded shares of W.R. Grace & Co. from a “neutral” rating to a “buy” rating and set a $79.00 price objective on the stock in a report on Tuesday, November 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $83.00.

In other news, Chairman Alfred E. Festa sold 80,561 shares of the firm’s stock in a transaction dated Thursday, November 3rd. The stock was sold at an average price of $68.27, for a total value of $5,499,899.47. Following the transaction, the chairman now directly owns 311,844 shares in the company, valued at approximately $21,289,589.88. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.50% 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 three segments: Grace Catalysts Technologies, Grace Materials Technologies and Grace Construction Products. Its Grace Catalysts Technologies segment produces and sells catalysts and related products and technologies used in refining, petrochemical and other chemical manufacturing applications, including Fluid catalytic cracking catalysts, Hydroprocessing catalysts, and Polyolefin catalysts and catalyst supports.

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).

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