W. R. Grace & Co (NYSE:GRA) Given Average Recommendation of “Buy” by Analysts

W. R. Grace & Co (NYSE:GRA) has earned an average rating of “Buy” from the eleven brokerages that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $87.00.

GRA has been the subject of several research analyst reports. BMO Capital Markets set a $90.00 price objective on W. R. Grace & Co and gave the stock a “buy” rating in a research note on Thursday, May 2nd. Berenberg Bank initiated coverage on W. R. Grace & Co in a research note on Thursday, March 21st. They issued a “buy” rating and a $95.00 price objective for the company. Finally, Zacks Investment Research upgraded W. R. Grace & Co from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a research note on Friday, February 15th.

W. R. Grace & Co stock traded down $0.55 during midday trading on Friday, reaching $74.21. The company’s stock had a trading volume of 1,412 shares, compared to its average volume of 366,794. The company has a debt-to-equity ratio of 5.54, a quick ratio of 1.04 and a current ratio of 1.54. W. R. Grace & Co has a 52-week low of $59.22 and a 52-week high of $78.93. The stock has a market cap of $5.00 billion, a PE ratio of 17.93, a price-to-earnings-growth ratio of 1.37 and a beta of 1.02.

W. R. Grace & Co (NYSE:GRA) last released its quarterly earnings results on Thursday, April 25th. The specialty chemicals company reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.05. W. R. Grace & Co had a return on equity of 89.86% and a net margin of 7.55%. The company had revenue of $469.50 million during the quarter, compared to analysts’ expectations of $464.99 million. During the same period last year, the business posted $0.82 earnings per share. The firm’s revenue was up 8.8% compared to the same quarter last year. As a group, sell-side analysts predict that W. R. Grace & Co will post 4.57 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, June 6th. Investors of record on Thursday, May 16th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend was Wednesday, May 15th. W. R. Grace & Co’s dividend payout ratio is currently 26.09%.

In other W. R. Grace & Co news, VP William C. Dockman sold 4,717 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $76.49, for a total value of $360,803.33. Following the sale, the vice president now directly owns 11,013 shares of the company’s stock, valued at $842,384.37. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Mark A. Shelnitz sold 11,792 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $76.36, for a total value of $900,437.12. Following the completion of the sale, the vice president now directly owns 76,253 shares in the company, valued at $5,822,679.08. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Canada Pension Plan Investment Board acquired a new position in shares of W. R. Grace & Co during the fourth quarter worth approximately $4,414,000. HL Financial Services LLC boosted its position in shares of W. R. Grace & Co by 9.1% during the fourth quarter. HL Financial Services LLC now owns 4,189 shares of the specialty chemicals company’s stock worth $272,000 after buying an additional 350 shares during the period. Iridian Asset Management LLC CT boosted its position in shares of W. R. Grace & Co by 9.9% during the fourth quarter. Iridian Asset Management LLC CT now owns 2,903,312 shares of the specialty chemicals company’s stock worth $188,454,000 after buying an additional 262,599 shares during the period. New York State Common Retirement Fund boosted its position in shares of W. R. Grace & Co by 7.6% during the fourth quarter. New York State Common Retirement Fund now owns 288,543 shares of the specialty chemicals company’s stock worth $18,729,000 after buying an additional 20,429 shares during the period. Finally, Diamond Hill Capital Management Inc. boosted its position in shares of W. R. Grace & Co by 1,805.6% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 110,794 shares of the specialty chemicals company’s stock worth $7,192,000 after buying an additional 104,980 shares during the period. 86.61% of the stock is currently owned by institutional investors.

About W. R. Grace & Co

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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Analyst Recommendations for W. R. Grace & Co (NYSE:GRA)

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