W. R. Grace & Co (NYSE:GRA) – Seaport Global Securities issued their Q1 2019 EPS estimates for shares of W. R. Grace & Co in a research report issued on Monday. Seaport Global Securities analyst M. Harrison forecasts that the specialty chemicals company will post earnings per share of $0.86 for the quarter. Seaport Global Securities currently has a “Buy” rating and a $82.00 target price on the stock. Seaport Global Securities also issued estimates for W. R. Grace & Co’s Q2 2019 earnings at $1.05 EPS, Q3 2019 earnings at $1.09 EPS and Q4 2019 earnings at $1.32 EPS.
Other analysts have also issued reports about the stock. TheStreet lowered shares of W. R. Grace & Co from a “b-” rating to a “c” rating in a research note on Thursday, February 8th. 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. Zacks Investment Research cut W. R. Grace & Co from a “hold” rating to a “sell” rating in a research report on Friday, October 20th. Finally, KeyCorp restated an “overweight” rating and issued a $84.00 price target (up previously from $77.00) on shares of W. R. Grace & Co in a research report on Thursday, October 26th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. W. R. Grace & Co presently has a consensus rating of “Buy” and a consensus price target of $81.60.
W. R. Grace & Co (NYSE:GRA) last released its earnings results on Thursday, February 8th. The specialty chemicals company reported $0.98 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.02. The business had revenue of $459.50 million during the quarter, compared to analyst estimates of $453.84 million. W. R. Grace & Co had a net margin of 0.65% and a return on equity of 57.99%. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.95 earnings per share.
A number of institutional investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company increased its holdings in W. R. Grace & Co by 5.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,487 shares of the specialty chemicals company’s stock worth $179,000 after purchasing an additional 133 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of W. R. Grace & Co by 4.5% during 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 during the last quarter. Stoneridge Investment Partners LLC raised its position in W. R. Grace & Co by 16.9% during the fourth quarter. Stoneridge Investment Partners LLC now owns 5,104 shares of the specialty chemicals company’s stock valued at $358,000 after buying an additional 737 shares during the period. Ameriprise Financial Inc. raised its position in W. R. Grace & Co by 7.0% during the third quarter. Ameriprise Financial Inc. now owns 15,159 shares of the specialty chemicals company’s stock valued at $1,094,000 after buying an additional 990 shares during the period. Finally, State Board of Administration of Florida Retirement System raised its position in W. R. Grace & Co by 1.1% during 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 buying an additional 1,020 shares during the period. 85.00% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Chairman Alfred E. Festa acquired 25,000 shares of W. R. Grace & Co stock in a transaction dated Monday, February 12th. The shares were acquired at an average cost of $65.38 per share, with a total value of $1,634,500.00. Following the purchase, the chairman now directly owns 268,935 shares of the company’s stock, valued at approximately $17,582,970.30. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Thomas E. Blaser acquired 5,300 shares of W. R. Grace & Co stock in a transaction dated Tuesday, February 13th. The stock was purchased at an average cost of $65.32 per share, for a total transaction of $346,196.00. Following the completion of the purchase, the vice president now directly owns 9,962 shares in the company, valued at $650,717.84. The disclosure for this purchase can be found here. 1.30% of the stock is owned by insiders.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 22nd. Shareholders of record on Thursday, March 1st will be issued a $0.24 dividend. This is a boost from W. R. Grace & Co’s previous quarterly dividend of $0.21. The ex-dividend date is Wednesday, February 28th. This represents a $0.96 annualized dividend and a yield of 1.46%. W. R. Grace & Co’s payout ratio is 525.00%.
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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