Brokerages Set W. R. Grace & Co (NYSE:GRA) PT at $85.60

W. R. Grace & Co (NYSE:GRA) has been given a consensus rating of “Buy” by the nine research firms that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating and six have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $85.60.

Several research firms recently weighed in on GRA. Zacks Investment Research downgraded W. R. Grace & Co from a “hold” rating to a “sell” rating in a research note on Tuesday. ValuEngine cut W. R. Grace & Co from a “hold” rating to a “sell” rating in a report on Saturday, July 27th. BMO Capital Markets set a $83.00 target price on W. R. Grace & Co and gave the company a “buy” rating in a report on Friday, July 26th. Finally, Robert W. Baird set a $81.00 target price on W. R. Grace & Co and gave the company a “buy” rating in a report on Friday, July 26th.

In related news, VP William C. Dockman bought 1,000 shares of the stock in a transaction on Friday, August 2nd. The shares were purchased at an average price of $68.21 per share, for a total transaction of $68,210.00. Following the acquisition, the vice president now owns 8,675 shares in the company, valued at $591,721.75. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Force Andrew Hudson La III acquired 4,000 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were acquired at an average price of $69.04 per share, for a total transaction of $276,160.00. Following the acquisition, the insider now directly owns 96,391 shares of the company’s stock, valued at $6,654,834.64. The disclosure for this purchase can be found here. 2.00% of the stock is currently owned by corporate insiders.

Several hedge funds have recently bought and sold shares of the company. Private Capital Group LLC boosted its holdings in shares of W. R. Grace & Co by 24.9% during the first quarter. Private Capital Group LLC now owns 1,249 shares of the specialty chemicals company’s stock worth $97,000 after purchasing an additional 249 shares during the last quarter. Huntington National Bank acquired a new stake in shares of W. R. Grace & Co during the first quarter worth $26,000. Harvest Group Wealth Management LLC acquired a new stake in shares of W. R. Grace & Co during the first quarter worth $27,000. YorkBridge Wealth Partners LLC acquired a new stake in shares of W. R. Grace & Co during the first quarter worth $49,000. Finally, Quantitative Systematic Strategies LLC boosted its holdings in shares of W. R. Grace & Co by 12.3% during the second quarter. Quantitative Systematic Strategies LLC now owns 8,220 shares of the specialty chemicals company’s stock worth $626,000 after purchasing an additional 903 shares during the last quarter. Institutional investors and hedge funds own 86.30% of the company’s stock.

NYSE GRA traded down $0.89 during mid-day trading on Friday, hitting $66.43. The stock had a trading volume of 376,130 shares, compared to its average volume of 657,401. W. R. Grace & Co has a 52-week low of $59.22 and a 52-week high of $79.71. The firm has a market cap of $4.45 billion, a P/E ratio of 16.05, a price-to-earnings-growth ratio of 1.26 and a beta of 1.02. The stock has a 50 day moving average price of $74.24. The company has a current ratio of 1.54, a quick ratio of 1.04 and a debt-to-equity ratio of 5.54.

W. R. Grace & Co (NYSE:GRA) last released its quarterly earnings data on Thursday, July 25th. The specialty chemicals company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.02. W. R. Grace & Co had a return on equity of 89.62% and a net margin of 9.31%. The firm had revenue of $513.60 million during the quarter, compared to the consensus estimate of $508.65 million. During the same period last year, the business posted $1.07 EPS. W. R. Grace & Co’s quarterly revenue was up 5.7% on a year-over-year basis. Sell-side analysts expect that W. R. Grace & Co will post 4.39 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend is Wednesday, August 14th. W. R. Grace & Co’s dividend payout ratio (DPR) is presently 26.09%.

W. R. Grace & Co Company Profile

W. R. Grace & Co produces and sells specialty chemicals and materials worldwide. It operates through two segments, Grace Catalysts Technologies and Grace Materials Technologies. The Grace Catalysts Technologies segment offers fluid catalytic cracking (FCC) catalysts for the production of transportation fuels, such as gasoline and diesel fuels, and petrochemicals; FCC additives; and methanol-to-olefins catalysts for the conversion of methanol into petrochemical feeds, including ethylene and propylene.

Further Reading: Certificate of Deposit (CD)

Analyst Recommendations for W. R. Grace & Co (NYSE:GRA)

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.