W. R. Grace & Co. (GRA) Analysts See $0.71 EPS; Tiaa Cref Investment Management Has Increased Connectone Bancorp (CNOB) Position By $2.33 Million

April 19, 2018 - By Marguerite Chambers

W. R. Grace & Co. (NYSE:GRA) Logo

Tiaa Cref Investment Management Llc increased Connectone Bancorp Inc (CNOB) stake by 74.12% reported in 2017Q4 SEC filing. Tiaa Cref Investment Management Llc acquired 93,118 shares as Connectone Bancorp Inc (CNOB)’s stock rose 9.79%. The Tiaa Cref Investment Management Llc holds 218,755 shares with $5.63M value, up from 125,637 last quarter. Connectone Bancorp Inc now has $925.03M valuation. The stock increased 0.35% or $0.1 during the last trading session, reaching $28.8. About 137,538 shares traded. ConnectOne Bancorp, Inc. (NASDAQ:CNOB) has risen 27.02% since April 19, 2017 and is uptrending. It has outperformed by 15.47% the S&P500.

Analysts expect W. R. Grace & Co. (NYSE:GRA) to report $0.71 EPS on April, 25 before the open.They anticipate $0.03 EPS change or 4.41% from last quarter’s $0.68 EPS. GRA’s profit would be $47.88M giving it 23.96 P/E if the $0.71 EPS is correct. After having $0.98 EPS previously, W. R. Grace & Co.’s analysts see -27.55% EPS growth. The stock increased 0.50% or $0.34 during the last trading session, reaching $68.06. About 571,359 shares traded. W. R. Grace & Co. (NYSE:GRA) has declined 11.43% since April 19, 2017 and is downtrending. It has underperformed by 22.98% the S&P500.

Among 16 analysts covering W. R. Grace & Co (NYSE:GRA), 11 have Buy rating, 0 Sell and 5 Hold. Therefore 69% are positive. W. R. Grace & Co had 33 analyst reports since August 3, 2015 according to SRatingsIntel. The rating was maintained by Monness Crespi on Thursday, April 28 with “Buy”. Robert W. Baird maintained W. R. Grace & Co. (NYSE:GRA) rating on Tuesday, April 17. Robert W. Baird has “Buy” rating and $8200 target. The firm has “Buy” rating given on Wednesday, April 11 by Credit Suisse. As per Monday, August 3, the company rating was downgraded by Tigress Financial. As per Monday, March 14, the company rating was downgraded by Goldman Sachs. KeyBanc Capital Markets maintained W. R. Grace & Co. (NYSE:GRA) on Friday, September 1 with “Buy” rating. On Monday, February 12 the stock rating was maintained by Seaport Global with “Buy”. The company was maintained on Wednesday, October 25 by Jefferies. The stock of W. R. Grace & Co. (NYSE:GRA) has “Buy” rating given on Friday, February 9 by KeyBanc Capital Markets. The stock of W. R. Grace & Co. (NYSE:GRA) has “Neutral” rating given on Tuesday, September 13 by Seaport Global Securities.

Investors sentiment increased to 1.34 in 2017 Q4. Its up 0.13, from 1.21 in 2017Q3. It is positive, as 24 investors sold W. R. Grace & Co. shares while 68 reduced holdings. 37 funds opened positions while 86 raised stakes. 56.69 million shares or 0.57% more from 56.37 million shares in 2017Q3 were reported. Verition Fund Mgmt Ltd Liability Co stated it has 0.23% in W. R. Grace & Co. (NYSE:GRA). Atlantic Grp Inc Ltd holds 0% or 14,655 shares. Envestnet Asset Inc invested 0% in W. R. Grace & Co. (NYSE:GRA). Jefferies Ltd Llc reported 2 shares. Dekabank Deutsche Girozentrale invested in 0% or 4,034 shares. Wolverine Asset Management Lc, a Illinois-based fund reported 105,300 shares. Bluecrest Cap Mngmt Limited owns 45,572 shares. Old Mutual Glob Invsts (Uk) Ltd has invested 0.03% in W. R. Grace & Co. (NYSE:GRA). First Manhattan reported 0.09% stake. 32,387 are held by Amundi Pioneer Asset Mngmt. Gsa Cap Prns Llp holds 0.23% of its portfolio in W. R. Grace & Co. (NYSE:GRA) for 54,312 shares. Proshare Advsrs Limited Company invested in 5,200 shares. Moore Cap Mngmt Ltd Partnership holds 56,418 shares or 0.07% of its portfolio. Millennium Management Ltd Co holds 0.07% of its portfolio in W. R. Grace & Co. (NYSE:GRA) for 715,151 shares. Grp Incorporated One Trading Ltd Partnership has 0% invested in W. R. Grace & Co. (NYSE:GRA) for 3,734 shares.

W. R. Grace & Co. produces and sells specialty chemicals and materials worldwide. The company has market cap of $4.59 billion. It operates through two divisions, Grace Catalysts Technologies and Grace Materials Technologies. It has a 425.38 P/E ratio. The Grace Catalysts Technologies segment offers fluid catalytic cracking catalysts for the production of transportation fuels, such as gasoline and diesel fuels, and other petroleum products; FCC additives; and hydro processing catalysts used in process reactors to upgrade heavy oils into lighter products.

Since February 13, 2018, it had 3 insider buys, and 0 sales for $660,474 activity. Cole Keith N bought $65,758 worth of stock or 1,000 shares. Shares for $346,196 were bought by Blaser Thomas E on Tuesday, February 13. $248,520 worth of stock was bought by Brown Elizabeth C on Friday, February 16.

Tiaa Cref Investment Management Llc decreased Erie Indemnity Co (NASDAQ:ERIE) stake by 3,564 shares to 48,420 valued at $5.90 million in 2017Q4. It also reduced Ps Business Parks Inc (NYSE:PSB) stake by 14,830 shares and now owns 55,558 shares. Citigroup Inc (NYSE:C) was reduced too.

W. R. Grace & Co. (NYSE:GRA) Institutional Positions Chart

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