W.R. Grace & Co. (NYSE:GRA) had its price target decreased by Monness Crespi & Hardt from $86.00 to $83.00 in a report published on Thursday. Monness Crespi & Hardt currently has a buy rating on the specialty chemicals company’s stock.
A number of other research analysts also recently weighed in on GRA. Zacks Investment Research downgraded shares of W.R. Grace & Co. from a buy rating to a hold rating in a research report on Tuesday, July 18th. Goldman Sachs Group, Inc. (The) downgraded shares of W.R. Grace & Co. from a buy rating to a neutral rating and set a $83.00 price target on the stock. in a research report on Thursday, June 8th. Vertical Research assumed coverage on shares of W.R. Grace & Co. in a research report on Thursday, May 25th. They issued a buy rating and a $81.00 price target on the stock. Aegis reiterated a buy rating on shares of W.R. Grace & Co. in a research report on Wednesday, May 31st. Finally, TheStreet upgraded shares of W.R. Grace & Co. from a c rating to a b- rating in a research report on Thursday, June 1st. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. W.R. Grace & Co. has a consensus rating of Buy and a consensus target price of $80.18.
Shares of W.R. Grace & Co. (GRA) traded down 0.34% during midday trading on Thursday, hitting $69.58. 480,707 shares of the stock traded hands. W.R. Grace & Co. has a 52 week low of $63.37 and a 52 week high of $80.56. The firm has a market capitalization of $4.75 billion, a PE ratio of 33.88 and a beta of 1.14. The company’s 50-day moving average is $70.94 and its 200 day moving average is $70.33.
W.R. Grace & Co. (NYSE:GRA) last issued its quarterly earnings data on Thursday, July 27th. The specialty chemicals company reported $0.84 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.04. The company had revenue of $429.50 million for the quarter, compared to the consensus estimate of $407.72 million. W.R. Grace & Co. had a net margin of 8.20% and a return on equity of 43.48%. The firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.74 earnings per share. Analysts anticipate that W.R. Grace & Co. will post $3.37 earnings per share for the current year.
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The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 7th. Shareholders of record on Thursday, August 17th will be given a $0.21 dividend. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a $0.84 annualized dividend and a yield of 1.21%. W.R. Grace & Co.’s payout ratio is presently 42.21%.
In other news, VP Mark A. Shelnitz sold 26,853 shares of the stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $71.44, for a total value of $1,918,378.32. Following the completion of the sale, the vice president now directly owns 83,437 shares of the company’s stock, valued at $5,960,739.28. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP William C. Dockman sold 4,940 shares of the stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $70.02, for a total transaction of $345,898.80. Following the completion of the sale, the vice president now directly owns 6,275 shares of the company’s stock, valued at $439,375.50. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. World Asset Management Inc purchased a new stake in shares of W.R. Grace & Co. during the second quarter worth about $221,000. Daiwa Securities Group Inc. boosted its stake in shares of W.R. Grace & Co. by 22.9% in the second quarter. Daiwa Securities Group Inc. now owns 2,150 shares of the specialty chemicals company’s stock worth $155,000 after buying an additional 400 shares during the period. US Bancorp DE boosted its stake in shares of W.R. Grace & Co. by 26.8% in the second quarter. US Bancorp DE now owns 2,897 shares of the specialty chemicals company’s stock worth $208,000 after buying an additional 613 shares during the period. LS Investment Advisors LLC boosted its stake in shares of W.R. Grace & Co. by 13.4% in the second quarter. LS Investment Advisors LLC now owns 2,517 shares of the specialty chemicals company’s stock worth $181,000 after buying an additional 298 shares during the period. Finally, Mn Services Vermogensbeheer B.V. boosted its stake in shares of W.R. Grace & Co. by 478.9% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 11,085 shares of the specialty chemicals company’s stock worth $798,000 after buying an additional 9,170 shares during the period. 84.01% of the stock is owned by hedge funds and other institutional investors.
W.R. Grace & Co. Company Profile
W. R. Grace & Co (Grace) is engaged in the production and sale of specialty chemicals and specialty materials. The Company operates in two segments: Grace Catalysts Technologies and Grace Materials Technologies. The Grace Catalysts Technologies segment includes catalysts and related products and technologies used in refining, petrochemical and other chemical manufacturing applications.
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