W.R. Grace & Co.’s (GRA) Hold Rating Reiterated at Jefferies Group LLC

Jefferies Group LLC restated their hold rating on shares of W.R. Grace & Co. (NYSE:GRA) in a report issued on Thursday morning. They currently have a $77.00 target price on the specialty chemicals company’s stock. Jefferies Group also issued estimates for W.R. Grace & Co.’s FY2021 earnings at $4.90 EPS.

Other analysts have also issued reports about the company. Monness Crespi & Hardt reduced their price objective on W.R. Grace & Co. from $86.00 to $83.00 and set a buy rating on the stock in a research note on Thursday, July 27th. KeyCorp reaffirmed a buy rating and issued a $77.00 price objective on shares of W.R. Grace & Co. in a research note on Tuesday, October 17th. Loop Capital initiated coverage on W.R. Grace & Co. in a research note on Thursday, September 28th. They issued a buy rating and a $81.00 price objective on the stock. Robert W. Baird reaffirmed a buy rating and issued a $85.00 price objective on shares of W.R. Grace & Co. in a research note on Friday, September 1st. Finally, Zacks Investment Research raised W.R. Grace & Co. from a sell rating to a hold rating in a research note on Monday, July 31st. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of Buy and an average price target of $80.82.

W.R. Grace & Co. (GRA) traded down 0.30% during midday trading on Thursday, reaching $76.01. 1,233,209 shares of the company’s stock were exchanged. W.R. Grace & Co. has a 12 month low of $63.37 and a 12 month high of $76.99. The company has a 50 day moving average price of $72.58 and a 200 day moving average price of $70.78. The company has a market cap of $5.15 billion, a P/E ratio of 36.02 and a beta of 1.11.

W.R. Grace & Co. (NYSE:GRA) last released its earnings results on Wednesday, October 25th. The specialty chemicals company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.09. The company had revenue of $429.50 million for the quarter, compared to analyst estimates of $411.50 million. W.R. Grace & Co. had a return on equity of 48.21% and a net margin of 8.54%. W.R. Grace & Co.’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.80 EPS. On average, equities analysts anticipate that W.R. Grace & Co. will post $3.36 EPS for the current year.

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The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 7th. Stockholders of record on Wednesday, November 15th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.11%. W.R. Grace & Co.’s dividend payout ratio (DPR) is 39.44%.

Several institutional investors and hedge funds have recently modified their holdings of the company. PNC Financial Services Group Inc. raised its position in shares of W.R. Grace & Co. by 1.3% during the second quarter. PNC Financial Services Group Inc. now owns 7,814 shares of the specialty chemicals company’s stock worth $562,000 after acquiring an additional 101 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in W.R. Grace & Co. by 5.6% during the second quarter. The Manufacturers Life Insurance Company now owns 2,487 shares of the specialty chemicals company’s stock worth $179,000 after buying an additional 133 shares during the period. Prudential Financial Inc. grew its stake in W.R. Grace & Co. by 4.6% during 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 during the period. Xact Kapitalforvaltning AB grew its stake in W.R. Grace & Co. by 5.1% during 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 during the period. Finally, LS Investment Advisors LLC grew its stake in W.R. Grace & Co. by 13.4% during 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 during the period. Institutional investors own 84.70% of the company’s stock.

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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