Insider Buying: W. R. Grace & Co (GRA) VP Buys 5,300 Shares of Stock

W. R. Grace & Co (NYSE:GRA) VP Thomas E. Blaser bought 5,300 shares of the business’s stock in a transaction on Tuesday, February 13th. The shares were acquired at an average price of $65.32 per share, with a total value of $346,196.00. Following the transaction, the vice president now directly owns 9,962 shares of the company’s stock, valued at $650,717.84. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

W. R. Grace & Co (NYSE GRA) traded down $0.78 during mid-day trading on Tuesday, hitting $64.90. 1,055,127 shares of the stock were exchanged, compared to its average volume of 734,738. The company has a debt-to-equity ratio of 3.83, a current ratio of 1.59 and a quick ratio of 1.06. W. R. Grace & Co has a one year low of $62.58 and a one year high of $77.37. The company has a market capitalization of $4,450.00, a price-to-earnings ratio of 437.87, a P/E/G ratio of 1.45 and a beta of 1.15.

W. R. Grace & Co (NYSE:GRA) last released its quarterly earnings data on Thursday, February 8th. The specialty chemicals company reported $0.98 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $459.50 million during the quarter, compared to analyst estimates of $453.84 million. During the same period last year, the business earned $0.95 earnings per share. W. R. Grace & Co’s revenue was up 4.2% compared to the same quarter last year. analysts anticipate that W. R. Grace & Co will post 3.72 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 22nd. Stockholders of record on Thursday, March 1st will be given a $0.24 dividend. This is a positive change from W. R. Grace & Co’s previous quarterly dividend of $0.21. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend is Wednesday, February 28th. W. R. Grace & Co’s dividend payout ratio (DPR) is 560.00%.

A number of equities analysts have weighed in on GRA shares. Zacks Investment Research lowered shares of W. R. Grace & Co from a “hold” rating to a “sell” rating in a research report on Friday, October 20th. Jefferies Group reiterated a “hold” rating and set a $77.00 target price on shares of W. R. Grace & Co in a research report on Thursday, October 26th. KeyCorp reiterated an “overweight” rating and set a $84.00 target price (up previously from $77.00) on shares of W. R. Grace & Co in a research report on Thursday, October 26th. TheStreet lowered shares of W. R. Grace & Co from a “b-” rating to a “c” rating in a research report on Thursday, February 8th. Finally, Seaport Global Securities reiterated a “buy” rating and set a $82.00 target price on shares of W. R. Grace & Co in a research report on Monday. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $81.60.

Several hedge funds have recently added to or reduced their stakes in GRA. The Manufacturers Life Insurance Company raised its stake in W. R. Grace & Co by 5.6% in the second quarter. The Manufacturers Life Insurance Company now owns 2,487 shares of the specialty chemicals company’s stock valued at $179,000 after purchasing an additional 133 shares in the last quarter. Janus Henderson Group PLC raised its stake in W. R. Grace & Co by 4.5% in the second quarter. Janus Henderson Group PLC now owns 6,985 shares of the specialty chemicals company’s stock valued at $503,000 after purchasing an additional 300 shares in the last quarter. Stoneridge Investment Partners LLC raised its stake in W. R. Grace & Co by 16.9% in the fourth quarter. Stoneridge Investment Partners LLC now owns 5,104 shares of the specialty chemicals company’s stock valued at $358,000 after purchasing an additional 737 shares in the last quarter. Ameriprise Financial Inc. raised its stake in W. R. Grace & Co by 7.0% in the third quarter. Ameriprise Financial Inc. now owns 15,159 shares of the specialty chemicals company’s stock valued at $1,094,000 after purchasing an additional 990 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System raised its stake in W. R. Grace & Co by 1.1% in the third quarter. State Board of Administration of Florida Retirement System now owns 97,637 shares of the specialty chemicals company’s stock valued at $7,045,000 after purchasing an additional 1,020 shares in the last quarter. Institutional investors own 85.00% of the company’s stock.

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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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