Marshall Wace North America L.P. Makes New $211,000 Investment in W W Grainger Inc (NYSE:GWW)

Marshall Wace North America L.P. bought a new position in W W Grainger Inc (NYSE:GWW) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 700 shares of the industrial products company’s stock, valued at approximately $211,000.

Other hedge funds have also recently modified their holdings of the company. Bessemer Group Inc. increased its holdings in shares of W W Grainger by 102.2% in the fourth quarter. Bessemer Group Inc. now owns 186 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 94 shares during the last quarter. Captrust Financial Advisors increased its stake in W W Grainger by 284.0% during the fourth quarter. Captrust Financial Advisors now owns 192 shares of the industrial products company’s stock worth $54,000 after acquiring an additional 142 shares during the last quarter. Quadrant Capital Group LLC increased its stake in W W Grainger by 281.4% during the first quarter. Quadrant Capital Group LLC now owns 267 shares of the industrial products company’s stock worth $77,000 after acquiring an additional 197 shares during the last quarter. Mascoma Wealth Management LLC bought a new stake in W W Grainger during the first quarter worth approximately $120,000. Finally, Carroll Financial Associates Inc. increased its stake in W W Grainger by 43.3% during the first quarter. Carroll Financial Associates Inc. now owns 440 shares of the industrial products company’s stock worth $132,000 after acquiring an additional 133 shares during the last quarter. 74.30% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have recently commented on GWW. Buckingham Research cut their target price on Wells Fargo & Co from $53.00 to $47.00 and set a “neutral” rating on the stock in a research note on Wednesday. Stephens reiterated a “buy” rating and issued a $34.00 price target on shares of Guaranty Bancshares in a report on Tuesday, April 23rd. Peel Hunt reiterated a “not rated” rating on shares of Eco Atlantic Oil & Gas in a report on Thursday, April 4th. Morgan Stanley set a $18.00 price target on PG&E and gave the company a “hold” rating in a report on Friday, June 14th. Finally, Zacks Investment Research lowered Wix.Com from a “hold” rating to a “sell” rating in a report on Monday, April 8th. Five equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $301.07.

Shares of NYSE GWW traded down $1.44 during mid-day trading on Friday, hitting $267.22. The stock had a trading volume of 439,396 shares, compared to its average volume of 416,172. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.36 and a current ratio of 2.40. The stock’s 50 day moving average price is $269.47. W W Grainger Inc has a twelve month low of $255.09 and a twelve month high of $372.06. The stock has a market cap of $14.90 billion, a price-to-earnings ratio of 16.00, a PEG ratio of 1.32 and a beta of 0.93.

W W Grainger (NYSE:GWW) last released its earnings results on Monday, April 22nd. The industrial products company reported $4.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.42 by $0.09. W W Grainger had a return on equity of 46.09% and a net margin of 7.12%. The firm had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.88 billion. During the same period in the prior year, the firm earned $4.18 EPS. The firm’s revenue was up 1.2% on a year-over-year basis. On average, equities research analysts expect that W W Grainger Inc will post 17.91 EPS for the current fiscal year.

W W Grainger announced that its Board of Directors has authorized a stock repurchase program on Wednesday, April 24th that authorizes the company to buyback 5,000,000 outstanding shares. This buyback authorization authorizes the industrial products company to repurchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

In related news, VP Eric R. Tapia sold 180 shares of the company’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $272.58, for a total value of $49,064.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 8.50% of the stock is owned by corporate insiders.

W W Grainger Profile

W.W. Grainger, Inc distributes maintenance, repair, and operating (MRO) products and services in the United States, Canada, Europe, Japan, Mexico, and internationally. The company provides material handling equipment, safety and security supplies, lighting and electrical products, power and hand tools, pumps and plumbing supplies, cleaning and maintenance supplies, and metalworking tools, as well as gloves, ladders, motors, and janitorial supplies.

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Institutional Ownership by Quarter for W W Grainger (NYSE:GWW)

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