W.R. Grace & Co. (GRA) Research Coverage Started at Vertical Research

Vertical Research started coverage on shares of W.R. Grace & Co. (NYSE:GRA) in a research note published on Thursday, May 25th, MarketBeat Ratings reports. The firm issued a buy rating and a $81.00 price target on the specialty chemicals company’s stock.

A number of other research analysts have also weighed in on the stock. Zacks Investment Research raised shares of W.R. Grace & Co. from a sell rating to a hold rating in a research report on Monday, May 22nd. Susquehanna Bancshares Inc assumed coverage on shares of W.R. Grace & Co. in a research report on Tuesday, April 25th. They set a neutral rating and a $75.00 price target on the stock. Credit Suisse Group 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 lifted their price objective for the stock from $76.00 to $85.00 in a research report on Tuesday, February 7th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of $80.10.

W.R. Grace & Co. (GRA) traded up 0.81% on Thursday, hitting $70.53. 536,894 shares of the stock traded hands. The firm has a market capitalization of $4.82 billion, a PE ratio of 36.06 and a beta of 1.09. The stock has a 50 day moving average of $70.72 and a 200 day moving average of $69.62. W.R. Grace & Co. has a 52 week low of $63.37 and a 52 week high of $80.56.

W.R. Grace & Co. (NYSE:GRA) last released its quarterly earnings results on Wednesday, April 26th. The specialty chemicals company reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.05. W.R. Grace & Co. had a net margin of 8.08% and a return on equity of 40.62%. The company had revenue of $398 million for the quarter, compared to analyst estimates of $373.57 million. During the same period last year, the firm earned $0.57 earnings per share. The firm’s revenue was up 9.7% on a year-over-year basis. Equities research analysts anticipate that W.R. Grace & Co. will post $3.37 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: “W.R. Grace & Co. (GRA) Research Coverage Started at Vertical Research” was first posted by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are viewing this article on another site, it was copied illegally and reposted in violation of United States & international trademark and copyright law. The correct version of this article can be read at https://www.chaffeybreeze.com/2017/06/16/vertical-research-begins-coverage-on-w-r-grace-co-gra-updated-updated.html.

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 8th. Stockholders of record on Wednesday, May 17th were paid a $0.21 dividend. The ex-dividend date was Monday, May 15th. This represents a $0.84 annualized dividend and a dividend yield of 1.19%. W.R. Grace & Co.’s payout ratio is 44.21%.

In other news, VP Mark A. Shelnitz sold 26,853 shares of W.R. Grace & Co. stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $71.44, for a total value of $1,918,378.32. Following the completion of the transaction, the vice president now owns 83,437 shares in the company, valued at $5,960,739.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP William C. Dockman sold 4,940 shares of W.R. Grace & Co. stock in a transaction dated Tuesday, May 16th. The stock was 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 of the company’s stock, valued at approximately $439,375.50. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.

A number of institutional investors have recently modified their holdings of GRA. Teachers Advisors LLC boosted its position in shares of W.R. Grace & Co. by 191.5% in the first quarter. Teachers Advisors LLC now owns 1,782,872 shares of the specialty chemicals company’s stock valued at $124,284,000 after buying an additional 1,171,266 shares in the last quarter. Gates Capital Management Inc. boosted its position in shares of W.R. Grace & Co. by 144.5% in the fourth quarter. Gates Capital Management Inc. now owns 1,756,947 shares of the specialty chemicals company’s stock valued at $118,840,000 after buying an additional 1,038,303 shares in the last quarter. TIAA CREF Investment Management LLC boosted its position in shares of W.R. Grace & Co. by 70.4% in the first quarter. TIAA CREF Investment Management LLC now owns 2,058,989 shares of the specialty chemicals company’s stock valued at $143,532,000 after buying an additional 850,772 shares in the last quarter. Norges Bank purchased a new position in shares of W.R. Grace & Co. during the fourth quarter valued at approximately $40,429,000. Finally, Fred Alger Management Inc. boosted its position in shares of W.R. Grace & Co. by 117.5% in the fourth quarter. Fred Alger Management Inc. now owns 1,100,749 shares of the specialty chemicals company’s stock valued at $74,455,000 after buying an additional 594,641 shares in the last quarter. 84.08% of the stock is owned by institutional investors.

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.

Receive News & Ratings for W.R. Grace & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for W.R. Grace & Co. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply