W. R. Grace & Co (GRA) Chairman Alfred E. Festa Acquires 25,000 Shares

W. R. Grace & Co (NYSE:GRA) Chairman Alfred E. Festa bought 25,000 shares of W. R. Grace & Co stock in a transaction dated Monday, February 12th. The stock was acquired at an average cost of $65.38 per share, for a total transaction of $1,634,500.00. Following the completion of the acquisition, the chairman now directly 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 is available through the SEC website.

W. R. Grace & Co (NYSE GRA) traded up $0.84 during mid-day trading on Monday, reaching $65.68. 1,486,243 shares of the company traded hands, compared to its average volume of 723,674. The company has a quick ratio of 1.06, a current ratio of 1.59 and a debt-to-equity ratio of 3.83. W. R. Grace & Co has a 1 year low of $62.58 and a 1 year high of $77.37. The company has a market cap of $4,393.77, a PE ratio of 410.50, a PEG ratio of 1.45 and a beta of 1.16.

W. R. Grace & Co (NYSE:GRA) last posted its quarterly earnings data on Thursday, February 8th. The specialty chemicals company reported $0.98 earnings per share for the quarter, topping 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 57.99%. The firm had revenue of $459.50 million during the quarter, compared to analysts’ expectations of $453.84 million. During the same quarter in the previous year, the company posted $0.95 EPS. W. R. Grace & Co’s revenue was up 4.2% on a year-over-year basis. equities research analysts anticipate that W. R. Grace & Co will post 3.72 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 22nd. Investors of record on Thursday, March 1st will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.46%. The ex-dividend date is Wednesday, February 28th. This is a boost from W. R. Grace & Co’s previous quarterly dividend of $0.21. W. R. Grace & Co’s payout ratio is 525.00%.

A number of hedge funds have recently bought and sold shares of the stock. Neuberger Berman Group LLC raised its position in W. R. Grace & Co by 1.2% in the 3rd quarter. Neuberger Berman Group LLC now owns 1,397,331 shares of the specialty chemicals company’s stock worth $100,817,000 after purchasing an additional 16,959 shares during the last quarter. State Street Corp raised its position in W. R. Grace & Co by 1.0% in the 2nd quarter. State Street Corp now owns 1,294,756 shares of the specialty chemicals company’s stock worth $93,236,000 after purchasing an additional 12,601 shares during the last quarter. Point72 Asset Management L.P. raised its position in W. R. Grace & Co by 2,472.5% in the 3rd quarter. Point72 Asset Management L.P. now owns 905,520 shares of the specialty chemicals company’s stock worth $65,333,000 after purchasing an additional 870,320 shares during the last quarter. Northern Trust Corp raised its position in W. R. Grace & Co by 0.3% in the 2nd quarter. Northern Trust Corp now owns 441,757 shares of the specialty chemicals company’s stock worth $31,811,000 after purchasing an additional 1,291 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in W. R. Grace & Co by 3.0% in the 4th quarter. Bank of New York Mellon Corp now owns 394,182 shares of the specialty chemicals company’s stock worth $27,644,000 after purchasing an additional 11,530 shares during the last quarter. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Several research analysts have recently commented on the company. Seaport Global Securities reissued a “buy” rating and issued a $82.00 target price on shares of W. R. Grace & Co in a report on Monday. TheStreet downgraded W. R. Grace & Co from a “b-” rating to a “c” rating in a report on Thursday. Zacks Investment Research raised W. R. Grace & Co from a “strong sell” rating to a “hold” rating in a report on Thursday, January 18th. Jefferies Group reissued a “hold” rating and issued a $77.00 target price on shares of W. R. Grace & Co in a report on Thursday, October 26th. Finally, KeyCorp reissued an “overweight” rating and issued a $84.00 target price (up from $77.00) on shares of W. R. Grace & Co in a report on Thursday, October 26th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $81.60.

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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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