State Board of Administration of Florida Retirement System Sells 5,450 Shares of GCP Applied Technologies Inc (GCP)

State Board of Administration of Florida Retirement System reduced its holdings in GCP Applied Technologies Inc (NYSE:GCP) by 10.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 48,153 shares of the construction company’s stock after selling 5,450 shares during the quarter. State Board of Administration of Florida Retirement System owned 0.07% of GCP Applied Technologies worth $1,182,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. increased its position in GCP Applied Technologies by 7.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,432,610 shares of the construction company’s stock valued at $91,137,000 after acquiring an additional 243,560 shares during the period. Gabelli Funds LLC increased its position in GCP Applied Technologies by 37.5% in the 3rd quarter. Gabelli Funds LLC now owns 371,012 shares of the construction company’s stock valued at $9,850,000 after acquiring an additional 101,112 shares during the period. Wells Fargo & Company MN increased its position in GCP Applied Technologies by 292.3% in the 3rd quarter. Wells Fargo & Company MN now owns 419,542 shares of the construction company’s stock valued at $11,139,000 after acquiring an additional 312,606 shares during the period. BlueMountain Capital Management LLC increased its position in GCP Applied Technologies by 71.0% in the 3rd quarter. BlueMountain Capital Management LLC now owns 21,050 shares of the construction company’s stock valued at $559,000 after acquiring an additional 8,737 shares during the period. Finally, GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in GCP Applied Technologies in the 3rd quarter valued at approximately $226,000. Hedge funds and other institutional investors own 82.13% of the company’s stock.

In other news, CEO Gregory E. Poling sold 32,162 shares of GCP Applied Technologies stock in a transaction on Monday, January 7th. The stock was sold at an average price of $25.70, for a total transaction of $826,563.40. Following the transaction, the chief executive officer now directly owns 78,504 shares in the company, valued at approximately $2,017,552.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.10% of the stock is owned by company insiders.

Several analysts recently commented on GCP shares. Zacks Investment Research upgraded GCP Applied Technologies from a “sell” rating to a “hold” rating and set a $29.00 target price on the stock in a research report on Friday, January 11th. Seaport Global Securities cut GCP Applied Technologies from a “buy” rating to a “neutral” rating in a research report on Wednesday, November 14th. Finally, CL King restated a “neutral” rating on shares of GCP Applied Technologies in a research report on Thursday, December 13th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. GCP Applied Technologies has an average rating of “Hold” and a consensus target price of $31.75.

GCP opened at $26.31 on Friday. GCP Applied Technologies Inc has a 12 month low of $22.49 and a 12 month high of $33.78. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.92 and a current ratio of 2.31. The company has a market capitalization of $1.90 billion, a P/E ratio of 41.11, a price-to-earnings-growth ratio of 1.34 and a beta of 0.88.

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GCP Applied Technologies Profile

GCP Applied Technologies Inc produces and sells specialty construction chemicals and specialty building materials worldwide. Its Specialty Construction Chemicals segment offers concrete admixtures under the CONCERA, CLARENA, ADVA, STRUX, MIRA, TYTRO, POLARSET, ECLIPSE, DARACEM, DARASET, DCI, RECOVER, WRDA, and ZYLA brands; admixtures for decorative concrete under the PIERI brand; concrete production management system under the VERIFI and DUCTILCRETE brands; and cement additives under the OPTEVA HE, TAVERO VM, CBA, SYNCHRO, HEA2, TDA, and ESE brands.

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Institutional Ownership by Quarter for GCP Applied Technologies (NYSE:GCP)

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