W.R. Grace & Co. Target of Unusually Large Options Trading (GRA)
W.R. Grace & Co. (NYSE:GRA) was the target of some unusual options trading on Wednesday. Stock traders purchased 6,231 put options on the stock. This is an increase of approximately Infinity compared to the typical volume of 0 put options.
A number of institutional investors have recently added to or reduced their stakes in GRA. Daiwa Securities Group Inc. raised its position in shares of W.R. Grace & Co. by 22.9% in the 2nd quarter. Daiwa Securities Group Inc. now owns 2,150 shares of the specialty chemicals company’s stock valued at $155,000 after acquiring an additional 400 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of W.R. Grace & Co. by 5.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,487 shares of the specialty chemicals company’s stock valued at $179,000 after acquiring an additional 133 shares during the period. LS Investment Advisors LLC raised its position in shares of W.R. Grace & Co. by 13.4% in the 2nd quarter. LS Investment Advisors LLC now owns 2,517 shares of the specialty chemicals company’s stock valued at $181,000 after acquiring an additional 298 shares during the period. US Bancorp DE raised its position in shares of W.R. Grace & Co. by 26.8% in the 2nd quarter. US Bancorp DE now owns 2,897 shares of the specialty chemicals company’s stock valued at $208,000 after acquiring an additional 613 shares during the period. Finally, World Asset Management Inc acquired a new stake in shares of W.R. Grace & Co. in the 2nd quarter valued at approximately $221,000. Institutional investors own 84.73% of the company’s stock.
W.R. Grace & Co. (GRA) opened at $75.32 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.52 and a debt-to-equity ratio of 3.74. The company has a market cap of $5.10 billion, a P/E ratio of 22.32, a P/E/G ratio of 1.85 and a beta of 1.20.
W.R. Grace & Co. (NYSE:GRA) last issued its quarterly earnings data on Wednesday, October 25th. The specialty chemicals company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.09. W.R. Grace & Co. had a net margin of 8.54% and a return on equity of 48.21%. The firm had revenue of $429.50 million for the quarter, compared to analyst estimates of $411.50 million. During the same quarter in the prior year, the firm earned $0.80 EPS. The company’s revenue was up 6.2% on a year-over-year basis. equities analysts predict that W.R. Grace & Co. will post 3.39 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 7th. Shareholders of record on Wednesday, November 15th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.84 dividend on an annualized basis and a yield of 1.12%. W.R. Grace & Co.’s payout ratio is presently 39.44%.
Several analysts have issued reports on the company. Jefferies Group LLC reissued a “hold” rating and set a $77.00 price target on shares of W.R. Grace & Co. in a report on Thursday, October 26th. Zacks Investment Research lowered W.R. Grace & Co. from a “hold” rating to a “sell” rating in a report on Friday, October 20th. Loop Capital assumed coverage on W.R. Grace & Co. in a report on Thursday, September 28th. They set a “buy” rating and a $81.00 price target for the company. KeyCorp reaffirmed a “buy” rating and issued a $77.00 price objective on shares of W.R. Grace & Co. in a research note on Sunday, September 3rd. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $85.00 price objective on shares of W.R. Grace & Co. in a research note on Friday, September 1st. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $81.36.
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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