W.R. Grace & Co. (GRA) Given Consensus Recommendation of “Buy” by Analysts
Shares of W.R. Grace & Co. (NYSE:GRA) have been given an average recommendation of “Buy” by the eleven ratings firms that are presently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $80.00.
A number of equities analysts have recently issued reports on the company. Jefferies Group LLC reissued a “hold” rating and issued a $70.00 target price on shares of W.R. Grace & Co. in a report on Friday. Zacks Investment Research raised W.R. Grace & Co. from a “sell” rating to a “hold” rating in a report on Monday, May 22nd. Vertical Research assumed coverage on W.R. Grace & Co. in a report on Thursday, May 25th. They issued a “buy” rating and a $81.00 target price for the company. Susquehanna Bancshares Inc assumed coverage on W.R. Grace & Co. in a report on Tuesday, April 25th. They issued a “neutral” rating and a $75.00 target price for the company. Finally, Goldman Sachs Group, Inc. (The) cut W.R. Grace & Co. from a “buy” rating to a “neutral” rating and set a $83.00 target price for the company. in a report on Thursday, June 8th.
W.R. Grace & Co. (GRA) traded down 0.28% on Monday, reaching $70.33. The company had a trading volume of 25,050 shares. W.R. Grace & Co. has a one year low of $63.37 and a one year high of $80.56. The stock has a market cap of $4.81 billion, a price-to-earnings ratio of 35.96 and a beta of 1.09. The company has a 50-day moving average of $70.72 and a 200 day moving average of $69.62.
W.R. Grace & Co. (NYSE:GRA) last issued its earnings results on Wednesday, April 26th. The specialty chemicals company reported $0.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.05. W.R. Grace & Co. had a return on equity of 40.62% and a net margin of 8.08%. The business had revenue of $398 million during the quarter, compared to analysts’ expectations of $373.57 million. During the same period in the prior year, the firm posted $0.57 EPS. W.R. Grace & Co.’s quarterly revenue was up 9.7% compared to the same quarter last year. On average, equities research analysts predict that W.R. Grace & Co. will post $3.37 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 8th. Investors of record on Wednesday, May 17th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, May 15th. This represents a $0.84 dividend on an annualized basis and a yield of 1.19%. W.R. Grace & Co.’s dividend payout ratio is 44.21%.
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In related news, VP Mark A. Shelnitz sold 26,853 shares of the firm’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $71.44, for a total transaction 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 approximately $5,960,739.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP William C. Dockman sold 4,940 shares of the firm’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $70.02, for a total value of $345,898.80. Following 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. Company insiders own 1.30% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. UBS Oconnor LLC boosted its stake in W.R. Grace & Co. by 347.7% in the first quarter. UBS Oconnor LLC now owns 199,403 shares of the specialty chemicals company’s stock worth $13,900,000 after buying an additional 154,861 shares in the last quarter. Achmea Investment Management B.V. acquired a new stake in W.R. Grace & Co. during the first quarter worth $226,000. Tudor Investment Corp ET AL acquired a new stake in W.R. Grace & Co. during the first quarter worth $549,000. Paloma Partners Management Co boosted its stake in W.R. Grace & Co. by 16.6% in the first quarter. Paloma Partners Management Co now owns 11,421 shares of the specialty chemicals company’s stock worth $797,000 after buying an additional 1,623 shares in the last quarter. Finally, Nomura Holdings Inc. acquired a new stake in W.R. Grace & Co. during the first quarter worth $1,856,000. 84.03% 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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