W.R. Grace & Co. (NYSE:GRA) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Monday.

According to Zacks, “W. R. Grace & Co. produces specialty chemicals. They primarily operate through the following two business segments: Davison Chemicals and Performance Chemicals. Davison Chemicals manufactures catalysts (fluid cracking, hydroprocessing and polyolein) and silica and zeolite absorbents. Performance Chemicals produces specialty construction and building materials, along with container and closure sealants. “

GRA has been the topic of several other reports. Monness Crespi & Hardt cut their price objective on shares of W.R. Grace & Co. from $86.00 to $83.00 and set a “buy” rating on the stock in a research report on Thursday, July 27th. Aegis reaffirmed a “buy” rating on shares of W.R. Grace & Co. in a research report on Wednesday, May 31st. TheStreet raised shares of W.R. Grace & Co. from a “c” rating to a “b-” rating in a research report on Thursday, June 1st. Susquehanna Bancshares Inc initiated coverage on shares of W.R. Grace & Co. in a research report on Tuesday, April 25th. They issued a “neutral” rating and a $75.00 price objective on the stock. Finally, BidaskClub cut shares of W.R. Grace & Co. from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $80.18.

W.R. Grace & Co. (NYSE:GRA) traded down 0.83% during mid-day trading on Monday, hitting $68.39. The stock had a trading volume of 340,650 shares. W.R. Grace & Co. has a 1-year low of $63.37 and a 1-year high of $80.56. The company has a 50-day moving average price of $70.85 and a 200 day moving average price of $70.34. The company has a market cap of $4.67 billion, a P/E ratio of 33.30 and a beta of 1.12.

W.R. Grace & Co. (NYSE:GRA) last posted its quarterly earnings data on Thursday, July 27th. The specialty chemicals company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.80 by $0.04. The business had revenue of $429.50 million for the quarter, compared to analysts’ expectations of $407.72 million. W.R. Grace & Co. had a net margin of 8.20% and a return on equity of 43.88%. The firm’s revenue was up 10.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.74 EPS. Equities research analysts forecast that W.R. Grace & Co. will post $3.38 EPS for the current fiscal year.

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In other news, VP William C. Dockman sold 4,940 shares of the business’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $70.02, for a total transaction of $345,898.80. Following the transaction, the vice president now directly owns 6,275 shares in the company, valued at approximately $439,375.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Mark A. Shelnitz sold 26,853 shares of the business’s stock in a transaction dated 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 transaction, the vice president now owns 83,437 shares in the company, valued at $5,960,739.28. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Neuberger Berman Group LLC raised its position in shares of W.R. Grace & Co. by 11.4% in the fourth quarter. Neuberger Berman Group LLC now owns 1,141,605 shares of the specialty chemicals company’s stock worth $113,693,000 after buying an additional 116,582 shares during the period. Kalmar Investments Inc. DE raised its position in shares of W.R. Grace & Co. by 4.9% in the fourth quarter. Kalmar Investments Inc. DE now owns 515,035 shares of the specialty chemicals company’s stock worth $51,292,000 after buying an additional 23,830 shares during the period. Locust Wood Capital Advisers LLC raised its position in shares of W.R. Grace & Co. by 19.6% in the fourth quarter. Locust Wood Capital Advisers LLC now owns 326,567 shares of the specialty chemicals company’s stock worth $32,523,000 after buying an additional 53,407 shares during the period. Wells Fargo & Company MN raised its position in shares of W.R. Grace & Co. by 7.2% in the fourth quarter. Wells Fargo & Company MN now owns 91,335 shares of the specialty chemicals company’s stock worth $9,096,000 after buying an additional 6,143 shares during the period. Finally, Bank of Montreal Can raised its position in shares of W.R. Grace & Co. by 4.3% in the fourth quarter. Bank of Montreal Can now owns 84,940 shares of the specialty chemicals company’s stock worth $8,459,000 after buying an additional 3,474 shares during the period. Institutional investors and hedge funds own 83.89% of the company’s stock.

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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Analyst Recommendations for W.R. Grace & Co. (NYSE:GRA)

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