Tocqueville Asset Management L.P. Trims Stake in W. R. Grace & Co (GRA)

Tocqueville Asset Management L.P. decreased its stake in shares of W. R. Grace & Co (NYSE:GRA) by 13.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 393,515 shares of the specialty chemicals company’s stock after selling 60,117 shares during the period. Tocqueville Asset Management L.P. owned approximately 0.59% of W. R. Grace & Co worth $30,710,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Neuberger Berman Group LLC boosted its position in W. R. Grace & Co by 7.4% during the third quarter. Neuberger Berman Group LLC now owns 1,189,940 shares of the specialty chemicals company’s stock valued at $85,033,000 after acquiring an additional 81,487 shares during the last quarter. Marshall Wace LLP boosted its position in W. R. Grace & Co by 337.5% during the third quarter. Marshall Wace LLP now owns 66,029 shares of the specialty chemicals company’s stock valued at $4,718,000 after acquiring an additional 50,936 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in W. R. Grace & Co during the fourth quarter valued at $4,414,000. HL Financial Services LLC boosted its position in W. R. Grace & Co by 9.1% during the fourth quarter. HL Financial Services LLC now owns 4,189 shares of the specialty chemicals company’s stock valued at $272,000 after acquiring an additional 350 shares during the last quarter. Finally, Iridian Asset Management LLC CT boosted its position in W. R. Grace & Co by 9.9% during the fourth quarter. Iridian Asset Management LLC CT now owns 2,903,312 shares of the specialty chemicals company’s stock valued at $188,454,000 after acquiring an additional 262,599 shares during the last quarter. 87.40% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE GRA traded up $0.50 during trading on Friday, hitting $71.14. 307,521 shares of the company traded hands, compared to its average volume of 492,748. W. R. Grace & Co has a fifty-two week low of $59.22 and a fifty-two week high of $78.93. The firm has a market capitalization of $4.73 billion, a P/E ratio of 17.18, a P/E/G ratio of 1.35 and a beta of 1.03. The company has a current ratio of 1.54, a quick ratio of 1.04 and a debt-to-equity ratio of 5.54.

W. R. Grace & Co (NYSE:GRA) last announced its quarterly earnings data on Thursday, April 25th. The specialty chemicals company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.05. W. R. Grace & Co had a net margin of 7.55% and a return on equity of 89.86%. The firm had revenue of $469.50 million for the quarter, compared to analyst estimates of $464.99 million. During the same quarter in the prior year, the business earned $0.82 earnings per share. The business’s quarterly revenue was up 8.8% compared to the same quarter last year. Equities research analysts forecast that W. R. Grace & Co will post 4.57 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, May 16th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.08 annualized dividend and a dividend yield of 1.52%. W. R. Grace & Co’s dividend payout ratio is currently 26.09%.

In related news, VP William C. Dockman sold 4,717 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $76.49, for a total value of $360,803.33. Following the sale, the vice president now owns 11,013 shares in the company, valued at approximately $842,384.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Mark A. Shelnitz sold 11,792 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $76.36, for a total transaction of $900,437.12. Following the completion of the sale, the vice president now owns 76,253 shares in the company, valued at approximately $5,822,679.08. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by corporate insiders.

A number of analysts have commented on the stock. Zacks Investment Research cut shares of W. R. Grace & Co from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. TheStreet raised shares of W. R. Grace & Co from a “c” rating to a “b” rating in a research report on Friday, February 8th. Berenberg Bank assumed coverage on shares of W. R. Grace & Co in a research report on Thursday, March 21st. They set a “buy” rating and a $95.00 price target on the stock. Finally, BMO Capital Markets set a $90.00 price objective on shares of W. R. Grace & Co and gave the company a “buy” rating in a report on Thursday, May 2nd. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. W. R. Grace & Co currently has a consensus rating of “Buy” and an average price target of $86.75.

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W. R. Grace & Co Profile

W. R. Grace & Co produces and sells specialty chemicals and materials worldwide. It operates through two segments, Grace Catalysts Technologies and Grace Materials Technologies. The Grace Catalysts Technologies segment offers fluid catalytic cracking (FCC) catalysts for the production of transportation fuels, such as gasoline and diesel fuels, and petrochemicals; FCC additives; and methanol-to-olefins catalysts for the conversion of methanol into petrochemical feeds, including ethylene and propylene.

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

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