ValuEngine lowered shares of W. R. Grace & Co (NYSE:GRA) from a hold rating to a sell rating in a report published on Saturday morning, ValuEngine reports.

A number of other analysts have also commented on the company. Zacks Investment Research lowered Hancock Jaffe Laboratories from a buy rating to a hold rating in a research note on Wednesday, June 26th. BMO Capital Markets raised TMAC Resources from a market perform rating to an outperform rating in a research note on Thursday, May 2nd. Two investment analysts have rated the stock with a sell rating and seven have assigned a buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $85.43.

Shares of GRA stock opened at $69.84 on Friday. The company’s 50-day moving average price is $75.69. W. R. Grace & Co has a 12 month low of $59.22 and a 12 month high of $79.71. The firm has a market capitalization of $4.75 billion, a price-to-earnings ratio of 16.87, a price-to-earnings-growth ratio of 1.35 and a beta of 1.03. The company has a quick ratio of 1.04, a current ratio of 1.54 and a debt-to-equity ratio of 5.54.

W. R. Grace & Co (NYSE:GRA) last announced its quarterly earnings results on Thursday, July 25th. The specialty chemicals company reported $1.16 EPS for the quarter, beating the Zacks’ 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 for the quarter, compared to analyst estimates of $508.65 million. During the same period last year, the firm posted $1.07 earnings per share. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. As a group, analysts forecast that W. R. Grace & Co will post 4.39 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend is Wednesday, August 14th. W. R. Grace & Co’s payout ratio is 26.09%.

In related news, VP Mark A. Shelnitz sold 11,792 shares of W. R. Grace & Co stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $76.36, for a total value of $900,437.12. Following the transaction, the vice president now directly owns 76,253 shares of the company’s stock, valued at $5,822,679.08. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP William C. Dockman sold 4,717 shares of W. R. Grace & Co stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $76.49, for a total value of $360,803.33. Following the completion of the transaction, the vice president now directly owns 11,013 shares in the company, valued at $842,384.37. The disclosure for this sale can be found here. 2.00% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of the stock. Private Capital Group LLC lifted its stake in shares of W. R. Grace & Co by 24.9% in the first quarter. Private Capital Group LLC now owns 1,249 shares of the specialty chemicals company’s stock worth $97,000 after acquiring an additional 249 shares during the period. Huntington National Bank acquired a new position in shares of W. R. Grace & Co in the first quarter worth approximately $26,000. Harvest Group Wealth Management LLC acquired a new position in shares of W. R. Grace & Co in the first quarter worth approximately $27,000. YorkBridge Wealth Partners LLC acquired a new position in shares of W. R. Grace & Co in the first quarter worth approximately $49,000. Finally, Quantitative Systematic Strategies LLC lifted its stake in shares of W. R. Grace & Co by 12.3% in the second quarter. Quantitative Systematic Strategies LLC now owns 8,220 shares of the specialty chemicals company’s stock worth $626,000 after acquiring an additional 903 shares during the period. 86.46% of the stock is currently owned by institutional investors.

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.

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

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