According to Zacks, “W. R. Grace & Co. produces specialty chemicals. They primarily operate through the following two business segments: Davison Chemicals and Performance Chemicals. Davison Chemicals manufactures catalysts (fluid cracking, hydroprocessing and polyolein) and silica and zeolite absorbents. Performance Chemicals produces specialty construction and building materials, along with container and closure sealants. “
GRA has been the subject of several other reports. KeyCorp reaffirmed a buy rating and set a $85.00 target price on shares of W.R. Grace & Co. in a research note on Thursday, July 14th. Jefferies Group reissued a buy rating on shares of W.R. Grace & Co. in a research note on Wednesday, July 6th. TheStreet downgraded W.R. Grace & Co. from a buy rating to a hold rating in a research note on Wednesday, September 28th. Robert W. Baird reissued a neutral rating and issued a $76.00 price objective on shares of W.R. Grace & Co. in a research note on Tuesday, August 2nd. Finally, Seaport Global Securities assumed coverage on W.R. Grace & Co. in a research note on Tuesday, September 13th. They issued a neutral rating and a $81.00 price objective for the company. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $87.36.
W.R. Grace & Co. (NYSE:GRA) opened at 71.50 on Wednesday. The firm’s 50-day moving average is $75.27 and its 200 day moving average is $75.57. The stock has a market capitalization of $5.03 billion, a price-to-earnings ratio of 69.89 and a beta of 1.40. W.R. Grace & Co. has a 1-year low of $63.84 and a 1-year high of $101.99.
W.R. Grace & Co. (NYSE:GRA) last announced its earnings results on Monday, August 1st. The company reported $0.74 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.06. The business earned $390.50 million during the quarter, compared to the consensus estimate of $407.36 million. W.R. Grace & Co. had a return on equity of 86.16% and a net margin of 3.05%. The business’s quarterly revenue was down 4.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.19 EPS. Equities analysts anticipate that W.R. Grace & Co. will post $3.07 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 14th. Shareholders of record on Tuesday, August 23rd were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 0.95%. The ex-dividend date was Friday, August 19th. W.R. Grace & Co.’s payout ratio is currently 68.69%.
A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of W.R. Grace & Co. by 4.8% in the second quarter. Vanguard Group Inc. now owns 5,472,296 shares of the company’s stock valued at $400,627,000 after buying an additional 250,556 shares during the last quarter. FMR LLC boosted its stake in shares of W.R. Grace & Co. by 23.8% in the second quarter. FMR LLC now owns 4,675,402 shares of the company’s stock valued at $342,287,000 after buying an additional 898,954 shares during the last quarter. Blue Ridge Capital L.L.C. boosted its stake in shares of W.R. Grace & Co. by 0.4% in the second quarter. Blue Ridge Capital L.L.C. now owns 3,159,000 shares of the company’s stock valued at $231,270,000 after buying an additional 13,600 shares during the last quarter. Adage Capital Partners GP L.L.C. boosted its stake in shares of W.R. Grace & Co. by 40.7% in the first quarter. Adage Capital Partners GP L.L.C. now owns 2,788,018 shares of the company’s stock valued at $198,451,000 after buying an additional 805,966 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its stake in shares of W.R. Grace & Co. by 3.2% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,814,104 shares of the company’s stock valued at $129,128,000 after buying an additional 55,784 shares during the last quarter. Institutional investors own 83.79% 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 three segments: Grace Catalysts Technologies, Grace Materials Technologies and Grace Construction Products. Its Grace Catalysts Technologies segment produces and sells catalysts and related products and technologies used in refining, petrochemical and other chemical manufacturing applications, including Fluid catalytic cracking catalysts, Hydroprocessing catalysts, and Polyolefin catalysts and catalyst supports.
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