W. R. Grace & Co (NYSE:GRA) has earned a consensus recommendation of “Buy” from the thirteen research firms that are covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $81.22.
Several equities analysts recently issued reports on the stock. TheStreet cut shares of W. R. Grace & Co from a “b-” rating to a “c” rating in a research note on Thursday, February 8th. Zacks Investment Research cut shares of W. R. Grace & Co from a “buy” rating to a “hold” rating in a research note on Tuesday, December 26th. Finally, Seaport Global Securities reiterated a “buy” rating and issued a $82.00 target price on shares of W. R. Grace & Co in a research note on Monday, February 12th.
In related news, Chairman Alfred E. Festa purchased 25,000 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was bought at an average price of $65.38 per share, with a total value of $1,634,500.00. Following the acquisition, the chairman now owns 268,935 shares in the company, valued at $17,582,970.30. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Thomas E. Blaser purchased 5,300 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The stock was bought at an average cost of $65.32 per share, with a total value of $346,196.00. Following the acquisition, the vice president now owns 9,962 shares in the company, valued at approximately $650,717.84. The disclosure for this purchase can be found here. In the last three months, insiders purchased 34,000 shares of company stock valued at $2,229,225. 1.30% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Point72 Asset Management L.P. grew its holdings in shares of W. R. Grace & Co by 2,472.5% during the third quarter. Point72 Asset Management L.P. now owns 905,520 shares of the specialty chemicals company’s stock worth $65,333,000 after buying an additional 870,320 shares in the last quarter. Alleghany Corp DE purchased a new stake in shares of W. R. Grace & Co during the third quarter worth $25,973,000. Capital Fund Management S.A. grew its holdings in shares of W. R. Grace & Co by 980.3% during the fourth quarter. Capital Fund Management S.A. now owns 171,803 shares of the specialty chemicals company’s stock worth $12,049,000 after buying an additional 155,900 shares in the last quarter. Teachers Advisors LLC grew its holdings in shares of W. R. Grace & Co by 5.5% during the fourth quarter. Teachers Advisors LLC now owns 2,238,256 shares of the specialty chemicals company’s stock worth $156,969,000 after buying an additional 115,760 shares in the last quarter. Finally, TIAA CREF Investment Management LLC grew its holdings in shares of W. R. Grace & Co by 2.4% during the fourth quarter. TIAA CREF Investment Management LLC now owns 3,640,635 shares of the specialty chemicals company’s stock worth $255,318,000 after buying an additional 83,896 shares in the last quarter. 84.51% of the stock is owned by institutional investors.
W. R. Grace & Co (NYSE GRA) traded up $0.14 on Friday, hitting $67.59. 760,132 shares of the company traded hands, compared to its average volume of 736,112. The company has a debt-to-equity ratio of 5.79, a quick ratio of 1.11 and a current ratio of 1.63. W. R. Grace & Co has a 1 year low of $62.58 and a 1 year high of $77.37. The firm has a market cap of $4,580.00, a PE ratio of 29.90, a P/E/G ratio of 1.51 and a beta of 1.15.
W. R. Grace & Co (NYSE:GRA) last posted its earnings results on Thursday, February 8th. The specialty chemicals company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.02. W. R. Grace & Co had a net margin of 0.65% and a return on equity of 63.39%. The firm had revenue of $459.50 million during the quarter, compared to analysts’ expectations of $453.84 million. During the same period in the previous year, the business posted $0.95 EPS. The business’s revenue was up 4.2% compared to the same quarter last year. analysts forecast that W. R. Grace & Co will post 3.75 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 22nd. Investors of record on Thursday, March 1st will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.42%. The ex-dividend date is Wednesday, February 28th. This is a positive change from W. R. Grace & Co’s previous quarterly dividend of $0.21. W. R. Grace & Co’s payout ratio is presently 37.17%.
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About W. R. Grace & Co
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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