Lorem Ipsum Management Lowers stake in W. R. Grace & Co (GRA)

W. R. Grace & Co (GRA) : Lorem Ipsum Management reduced its stake in W. R. Grace & Co by 68.0% during the most recent quarter end. The investment management company now holds a total of 16,000 shares of W. R. Grace & Co which is valued at $1,200,160 after selling 34,000 shares in W. R. Grace & Co , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.W. R. Grace & Co makes up approximately 4.80% of Lorem Ipsum Management’s portfolio.

Other Hedge Funds, Including , Vanguard Group Inc boosted its stake in GRA in the latest quarter, The investment management firm added 250,556 additional shares and now holds a total of 5,472,296 shares of W. R. Grace & Co which is valued at $410,476,923. W. R. Grace & Co makes up approx 0.02% of Vanguard Group Inc’s portfolio.Oregon Public Employees Retirement Fund boosted its stake in GRA in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 600 shares of W. R. Grace & Co which is valued at $45,402.

W. R. Grace & Co opened for trading at $73.69 and hit $77.61 on the upside on Friday, eventually ending the session at $77.48, with a gain of 5.13% or 3.78 points. The heightened volatility saw the trading volume jump to 17,62,690 shares. Company has a market cap of $5,450 M.

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.

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