W. R. Grace & Co (NYSE:GRA) VP William C. Dockman sold 4,940 shares of the business’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $70.02, for a total transaction of $345,898.80. Following the completion of the transaction, the vice president now owns 6,275 shares in the company, valued at $439,375.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
W. R. Grace & Co (NYSE:GRA) traded up 1.42% during mid-day trading on Friday, hitting $71.20. 166,041 shares of the stock traded hands. The company’s 50 day moving average price is $69.25 and its 200-day moving average price is $69.13. The stock has a market cap of $4.87 billion, a price-to-earnings ratio of 36.40 and a beta of 1.15. W. R. Grace & Co has a 1-year low of $63.37 and a 1-year high of $80.56.
W. R. Grace & Co (NYSE:GRA) last posted its quarterly earnings data on Wednesday, April 26th. The specialty chemicals company reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.05. The company had revenue of $398 million for the quarter, compared to the consensus estimate of $373.57 million. W. R. Grace & Co had a net margin of 5.40% and a return on equity of 37.23%. The firm’s revenue was up 9.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.57 earnings per share. Analysts predict that W. R. Grace & Co will post $3.37 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 8th. Investors of record on Wednesday, May 17th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend is Monday, May 15th. W. R. Grace & Co’s payout ratio is 55.28%.
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Institutional investors have recently bought and sold shares of the company. SECOR Capital Advisors LP increased its position in W. R. Grace & Co by 116.8% in the third quarter. SECOR Capital Advisors LP now owns 108,619 shares of the specialty chemicals company’s stock worth $8,016,000 after buying an additional 58,519 shares during the last quarter. Weiss Asset Management LP purchased a new position in shares of W. R. Grace & Co during the third quarter valued at $236,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of W. R. Grace & Co by 82.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,208 shares of the specialty chemicals company’s stock valued at $901,000 after buying an additional 5,500 shares in the last quarter. KCG Holdings Inc. increased its position in shares of W. R. Grace & Co by 5.9% in the third quarter. KCG Holdings Inc. now owns 18,634 shares of the specialty chemicals company’s stock valued at $1,375,000 after buying an additional 1,038 shares in the last quarter. Finally, Profund Advisors LLC increased its position in shares of W. R. Grace & Co by 1.4% in the third quarter. Profund Advisors LLC now owns 7,304 shares of the specialty chemicals company’s stock valued at $539,000 after buying an additional 99 shares in the last quarter. 80.59% of the stock is currently owned by institutional investors.
A number of research firms have weighed in on GRA. Susquehanna Bancshares Inc began coverage on shares of W. R. Grace & Co in a research note on Tuesday, April 25th. They issued a “neutral” rating and a $75.00 target price on the stock. Zacks Investment Research lowered shares of W. R. Grace & Co from a “hold” rating to a “sell” rating in a research report on Thursday, April 20th. Credit Suisse Group AG set a $82.00 price target on shares of W. R. Grace & Co and gave the company a “buy” rating in a research report on Wednesday, February 8th. Finally, Robert W. Baird raised shares of W. R. Grace & Co from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $76.00 to $85.00 in a research report on Tuesday, February 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $80.00.
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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