W. R. Grace & Co (GRA) Lifted to B at TheStreet

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TheStreet upgraded shares of W. R. Grace & Co (NYSE:GRA) from a c rating to a b rating in a research note issued to investors on Friday.

Several other equities analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of W. R. Grace & Co from a buy rating to a hold rating in a report on Friday, January 18th. National Bank Financial reiterated an outperform rating on shares of W. R. Grace & Co in a report on Monday, January 14th. Loop Capital set a $89.00 price target on shares of W. R. Grace & Co and gave the stock a buy rating in a report on Friday, January 11th. Finally, ValuEngine upgraded shares of W. R. Grace & Co from a sell rating to a hold rating in a report on Tuesday, December 25th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $82.56.

NYSE:GRA opened at $74.75 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.59 and a debt-to-equity ratio of 7.01. W. R. Grace & Co has a twelve month low of $58.48 and a twelve month high of $75.64. The stock has a market cap of $5.00 billion, a price-to-earnings ratio of 18.06, a price-to-earnings-growth ratio of 1.36 and a beta of 1.06.

W. R. Grace & Co (NYSE:GRA) last posted its earnings results on Thursday, February 7th. The specialty chemicals company reported $1.14 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.03 by $0.11. W. R. Grace & Co had a net margin of 8.67% and a return on equity of 101.46%. The firm had revenue of $520.00 million during the quarter, compared to the consensus estimate of $498.24 million. During the same period last year, the firm posted $0.98 EPS. The firm’s revenue for the quarter was up 13.2% on a year-over-year basis. On average, research analysts forecast that W. R. Grace & Co will post 4.56 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 21st. Stockholders of record on Thursday, February 28th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, February 27th. This is an increase from W. R. Grace & Co’s previous quarterly dividend of $0.24. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.44%. W. R. Grace & Co’s payout ratio is 23.19%.

In related news, major shareholder North Latitude Master Fund 40 bought 233,720 shares of the firm’s stock in a transaction that occurred on Thursday, December 27th. The shares were acquired at an average cost of $60.70 per share, with a total value of $14,186,804.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder North Latitude Fund Lp 40 bought 26,364 shares of the firm’s stock in a transaction that occurred on Thursday, December 6th. The stock was bought at an average cost of $61.40 per share, for a total transaction of $1,618,749.60. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 2,691,933 shares of company stock valued at $163,920,016. Insiders own 1.70% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in GRA. Twin Tree Management LP acquired a new stake in shares of W. R. Grace & Co in the third quarter worth approximately $185,000. Fuller & Thaler Asset Management Inc. boosted its position in shares of W. R. Grace & Co by 110.0% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 3,150 shares of the specialty chemicals company’s stock worth $225,000 after acquiring an additional 1,650 shares during the last quarter. Piedmont Investment Advisors Inc. boosted its position in shares of W. R. Grace & Co by 51,085.7% in the third quarter. Piedmont Investment Advisors Inc. now owns 3,583 shares of the specialty chemicals company’s stock worth $256,000 after acquiring an additional 3,576 shares during the last quarter. HL Financial Services LLC boosted its position in shares of W. R. Grace & Co by 9.1% in the fourth quarter. HL Financial Services LLC now owns 4,189 shares of the specialty chemicals company’s stock worth $272,000 after acquiring an additional 350 shares during the last quarter. Finally, Oakbrook Investments LLC acquired a new stake in shares of W. R. Grace & Co in the third quarter worth approximately $279,000. 86.59% of the stock is currently owned by institutional investors and hedge funds.

W. R. Grace & Co Company Profile

W.R. Grace & Co engages in the production and sale of chemicals and materials. It operates through the Grace Catalysts Technologies and Grace Materials Technologies segments. 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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Analyst Recommendations for W. R. Grace & Co (NYSE:GRA)

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