W.R. Grace & Co. (GRA) Given Consensus Rating of “Buy” by Brokerages

Shares of W.R. Grace & Co. (NYSE:GRA) have been assigned a consensus rating of “Buy” from the thirteen research firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $80.44.

GRA has been the subject of several analyst reports. Vertical Research initiated coverage on shares of W.R. Grace & Co. in a research report on Thursday, May 25th. They issued a “buy” rating and a $81.00 target price for the company. Zacks Investment Research upgraded shares of W.R. Grace & Co. from a “sell” rating to a “hold” rating in a research report on Monday, May 22nd. Monness Crespi & Hardt dropped their target price on shares of W.R. Grace & Co. from $86.00 to $83.00 and set a “buy” rating for the company in a research report on Thursday, July 27th. Aegis restated a “buy” rating on shares of W.R. Grace & Co. in a research report on Wednesday, May 31st. Finally, Goldman Sachs Group, Inc. (The) cut shares of W.R. Grace & Co. from a “buy” rating to a “neutral” rating and set a $83.00 target price for the company. in a research report on Thursday, June 8th.

In other W.R. Grace & Co. news, VP William C. Dockman sold 4,940 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $70.02, for a total transaction of $345,898.80. Following the sale, the vice president now directly owns 6,275 shares of the company’s stock, valued at approximately $439,375.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Mark A. Shelnitz sold 26,853 shares of the business’s stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $71.44, for a total transaction of $1,918,378.32. Following the sale, the vice president now directly owns 83,437 shares in the company, valued at $5,960,739.28. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

A number of large investors have recently bought and sold shares of the company. US Bancorp DE raised its stake in W.R. Grace & Co. by 7.2% in the first quarter. US Bancorp DE now owns 2,284 shares of the specialty chemicals company’s stock worth $159,000 after buying an additional 154 shares during the last quarter. Prudential Financial Inc. raised its stake in W.R. Grace & Co. by 4.6% in the second quarter. Prudential Financial Inc. now owns 4,553 shares of the specialty chemicals company’s stock worth $328,000 after buying an additional 200 shares in the last quarter. Xact Kapitalforvaltning AB raised its stake in W.R. Grace & Co. by 5.1% in the second quarter. Xact Kapitalforvaltning AB now owns 5,533 shares of the specialty chemicals company’s stock worth $398,000 after buying an additional 267 shares in the last quarter. LS Investment Advisors LLC raised its stake in W.R. Grace & Co. by 13.4% in the second quarter. LS Investment Advisors LLC now owns 2,517 shares of the specialty chemicals company’s stock worth $181,000 after buying an additional 298 shares in the last quarter. Finally, Pictet Asset Management Ltd. raised its stake in W.R. Grace & Co. by 1.2% in the second quarter. Pictet Asset Management Ltd. now owns 25,100 shares of the specialty chemicals company’s stock worth $1,799,000 after buying an additional 300 shares in the last quarter. 83.89% of the stock is currently owned by hedge funds and other institutional investors.

W.R. Grace & Co. (GRA) traded down 1.52% during mid-day trading on Tuesday, hitting $67.35. 87,645 shares of the stock traded hands. W.R. Grace & Co. has a 52 week low of $63.37 and a 52 week high of $80.56. The firm’s 50-day moving average price is $70.85 and its 200-day moving average price is $70.34. The firm has a market cap of $4.60 billion, a P/E ratio of 32.79 and a beta of 1.12.

W.R. Grace & Co. (NYSE:GRA) last issued its earnings results on Thursday, July 27th. The specialty chemicals company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.80 by $0.04. The company had revenue of $429.50 million during the quarter, compared to analysts’ expectations of $407.72 million. W.R. Grace & Co. had a net margin of 8.20% and a return on equity of 43.88%. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.74 EPS. On average, equities analysts forecast that W.R. Grace & Co. will post $3.38 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 7th. Shareholders of record on Thursday, August 17th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend is Tuesday, August 15th. W.R. Grace & Co.’s payout ratio is 42.21%.

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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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