W. R. Grace & Co (NYSE:GRA) major shareholder North Latitude Fund Lp 40 acquired 24,703 shares of the stock in a transaction on Monday, August 12th. The shares were bought at an average price of $64.91 per share, with a total value of $1,603,471.73. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
North Latitude Fund Lp 40 also recently made the following trade(s):
- On Wednesday, August 14th, North Latitude Fund Lp 40 acquired 198,096 shares of W. R. Grace & Co stock. The shares were bought at an average price of $63.42 per share, with a total value of $12,563,248.32.
NYSE:GRA traded down $1.86 during trading hours on Wednesday, reaching $63.11. 546,300 shares of the company traded hands, compared to its average volume of 492,115. The firm has a 50-day moving average price of $73.39. The firm has a market capitalization of $4.38 billion, a PE ratio of 15.24, a P/E/G ratio of 1.26 and a beta of 1.02. W. R. Grace & Co has a 1 year low of $59.22 and a 1 year high of $79.71. The company has a debt-to-equity ratio of 5.06, a current ratio of 1.48 and a quick ratio of 1.01.
W. R. Grace & Co (NYSE:GRA) last posted its quarterly earnings results on Thursday, July 25th. The specialty chemicals company reported $1.16 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.14 by $0.02. W. R. Grace & Co had a return on equity of 85.42% and a net margin of 9.31%. The firm had revenue of $513.60 million during the quarter, compared to analysts’ expectations of $508.65 million. During the same quarter in the previous year, the business earned $1.07 earnings per share. The company’s revenue was up 5.7% on a year-over-year basis. As a group, analysts anticipate that W. R. Grace & Co will post 4.39 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.71%. The ex-dividend date is Wednesday, August 14th. W. R. Grace & Co’s dividend payout ratio is currently 26.09%.
A number of research analysts have issued reports on GRA shares. Zacks Investment Research upgraded W. R. Grace & Co from a “sell” rating to a “hold” rating in a research note on Wednesday. Robert W. Baird set a $81.00 price objective on W. R. Grace & Co and gave the company a “buy” rating in a research note on Friday, July 26th. BMO Capital Markets set a $83.00 price objective on W. R. Grace & Co and gave the company a “buy” rating in a research note on Friday, July 26th. Finally, ValuEngine cut W. R. Grace & Co from a “hold” rating to a “sell” rating in a research note on Saturday, July 27th. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the stock. W. R. Grace & Co has a consensus rating of “Buy” and an average price target of $85.50.
Several hedge funds have recently bought and sold shares of the company. Marshall Wace LLP bought a new position in shares of W. R. Grace & Co in the second quarter worth about $2,207,000. Paloma Partners Management Co lifted its position in shares of W. R. Grace & Co by 86.7% in the second quarter. Paloma Partners Management Co now owns 24,024 shares of the specialty chemicals company’s stock worth $1,829,000 after buying an additional 11,155 shares in the last quarter. Marshall Wace North America L.P. purchased a new stake in shares of W. R. Grace & Co in the second quarter worth about $19,746,000. Putnam Investments LLC lifted its position in shares of W. R. Grace & Co by 6.0% in the second quarter. Putnam Investments LLC now owns 708,881 shares of the specialty chemicals company’s stock worth $53,953,000 after buying an additional 40,153 shares in the last quarter. Finally, L & S Advisors Inc purchased a new stake in shares of W. R. Grace & Co in the second quarter worth about $704,000. Hedge funds and other institutional investors own 85.84% of the company’s stock.
W. R. Grace & Co Company Profile
W. R. Grace & Co produces and sells specialty chemicals and materials worldwide. It operates through two segments, Grace Catalysts Technologies and Grace Materials Technologies. The Grace Catalysts Technologies segment offers fluid catalytic cracking (FCC) catalysts for the production of transportation fuels, such as gasoline and diesel fuels, and petrochemicals; FCC additives; and methanol-to-olefins catalysts for the conversion of methanol into petrochemical feeds, including ethylene and propylene.
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