AQR Capital Management increases Graco Inc. shares ownership, surpassing Q2 earnings estimate.
AQR Capital Management has expanded its ownership in Graco Inc. (NYSE:GGG) by acquiring nearly 30,000 shares, totaling 219,309 shares valued at $17.38 million. Other institutional investors also increased their stakes. Graco reported Q2 earnings of $0.77 per share, surpassing estimates. The company, with a market cap of $14.62 billion, declared a quarterly dividend of $0.255, yielding 1.18%. Short interest rose by 7.8% in September.
October 02, 2024
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