Analysts Set W. R. Grace & Co (GRA) PT at $85.29

W. R. Grace & Co (NYSE:GRA) has earned a consensus rating of “Buy” from the twelve brokerages that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $85.29.

GRA has been the topic of a number of research reports. KeyCorp decreased their target price on shares of W. R. Grace & Co from $85.00 to $80.00 and set an “overweight” rating on the stock in a research note on Thursday, October 25th. BMO Capital Markets set a $86.00 price objective on shares of W. R. Grace & Co and gave the stock a “buy” rating in a research note on Thursday, October 25th. Zacks Investment Research upgraded shares of W. R. Grace & Co from a “sell” rating to a “hold” rating in a report on Friday, October 26th. Finally, Loop Capital set a $89.00 target price on shares of W. R. Grace & Co and gave the company a “buy” rating in a report on Thursday, December 20th.

In related news, major shareholder North Latitude Fund Lp 40 acquired 26,364 shares of the company’s stock in a transaction dated Thursday, December 6th. The shares were purchased at an average price of $61.40 per share, for a total transaction of $1,618,749.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder North Latitude Master Fund 40 acquired 501,025 shares of the company’s stock in a transaction dated Monday, December 10th. The shares were bought at an average price of $61.05 per share, for a total transaction of $30,587,576.25. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 2,691,933 shares of company stock worth $163,920,016. 1.70% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Twin Tree Management LP bought a new position in shares of W. R. Grace & Co during the 3rd quarter valued at approximately $185,000. Fuller & Thaler Asset Management Inc. grew its position in shares of W. R. Grace & Co by 110.0% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 3,150 shares of the specialty chemicals company’s stock valued at $225,000 after acquiring an additional 1,650 shares during the period. Piedmont Investment Advisors Inc. grew its position in shares of W. R. Grace & Co by 51,085.7% during the 3rd quarter. Piedmont Investment Advisors Inc. now owns 3,583 shares of the specialty chemicals company’s stock valued at $256,000 after acquiring an additional 3,576 shares during the period. Oakbrook Investments LLC bought a new position in shares of W. R. Grace & Co during the 3rd quarter valued at approximately $279,000. Finally, HL Financial Services LLC grew its position in shares of W. R. Grace & Co by 9.1% during the 4th quarter. HL Financial Services LLC now owns 4,189 shares of the specialty chemicals company’s stock valued at $272,000 after acquiring an additional 350 shares during the period. Hedge funds and other institutional investors own 86.59% of the company’s stock.

Shares of NYSE GRA traded up $0.56 during midday trading on Friday, reaching $75.31. 15,931 shares of the company were exchanged, compared to its average volume of 728,214. The stock has a market cap of $5.00 billion, a PE ratio of 18.24, a PEG ratio of 1.36 and a beta of 1.06. W. R. Grace & Co has a one year low of $58.48 and a one year high of $75.64. The company has a debt-to-equity ratio of 7.01, a quick ratio of 0.99 and a current ratio of 1.59.

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, topping analysts’ consensus estimates of $1.03 by $0.11. The firm had revenue of $520.00 million for the quarter, compared to analysts’ expectations of $498.24 million. W. R. Grace & Co had a net margin of 8.67% and a return on equity of 101.46%. The company’s revenue was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.98 earnings per share. As a group, sell-side analysts predict that W. R. Grace & Co will post 4.56 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 21st. Investors of record on Thursday, February 28th will be issued a $0.27 dividend. This is a positive change from W. R. Grace & Co’s previous quarterly dividend of $0.24. The ex-dividend date is Wednesday, February 27th. This represents a $1.08 annualized dividend and a yield of 1.43%. W. R. Grace & Co’s payout ratio is presently 23.19%.

About W. R. Grace & Co

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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