W. R. Grace & Co (GRA) : Gilder Gagnon Howe Co reduced its stake in W. R. Grace & Co by 2.39% during the most recent quarter end. The investment management company now holds a total of 234,406 shares of W. R. Grace & Co which is valued at $17,737,502 after selling 5,732 shares in W. R. Grace & Co , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.W. R. Grace & Co makes up approximately 0.33% of Gilder Gagnon Howe Co’s portfolio.
Other Hedge Funds, Including , Sumitomo Mitsui Asset Management Company Ltd boosted its stake in GRA in the latest quarter, The investment management firm added 139 additional shares and now holds a total of 5,113 shares of W. R. Grace & Co which is valued at $382,810. W. R. Grace & Co makes up approx 0.01% of Sumitomo Mitsui Asset Management Company Ltd’s portfolio.
W. R. Grace & Co closed down -0.3 points or -0.40% at $75.37 with 3,64,622 shares getting traded on Thursday. Post opening the session at $75.6, the shares hit an intraday low of $75.22 and an intraday high of $76.19 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
On the company’s financial health, W. R. Grace & Co reported $0.74 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Aug 1, 2016. Analyst had a consensus of $0.67. The company had revenue of $390.50 million for the quarter, compared to analysts expectations of $405.89 million. The company’s revenue was down -4.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.19 EPS.
W.R. Grace & Co. (Grace) is engaged in the production and sale of specialty chemicals and specialty materials on a global basis. The Company operates in three segments: Grace Catalysts Technologies which includes catalysts and related products and refining petrochemical and other chemical manufacturing technologies; Grace Materials Technologies which includes packaging technologies and engineered materials and Grace Construction Products which includes specialty construction chemicals and specialty building materials. Its brands include Sylojet Syloid Shieldex Sylosiv Sylowhite Durafill Ludox Sylodent Syloblanc Daraclar Trisyl Perkasil Phonosorb Sylobead Cryosiv Safetysorb Poliedge Sylobloc Synthetech Davisil Vydac Modcol Spring Multipacker Reveleris Revealx Graceresolv Visionht Vydac Alltech Alltima Sodasorb Darex Daraform Daraseal Darablend Sincera Celox Apperta and Sistiaga.