Very Positive News Coverage Extremely Likely to Affect W. R. Grace & Co (GRA) Share Price

News stories about W. R. Grace & Co (NYSE:GRA) have trended very positive on Saturday, according to Alpha One. The research group, a unit of Accern, identifies negative and positive news coverage by analyzing more than twenty million blog and news sources. Alpha One ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. W. R. Grace & Co earned a media sentiment score of 0.52 on Alpha One’s scale. Alpha One also assigned press coverage about the specialty chemicals company an impact score of 100 out of 100, meaning that recent news coverage is extremely likely to have an impact on the stock’s share price in the near term.

These are some of the news stories that may have effected AlphaOne Sentiment’s analysis:

A number of equities research analysts recently issued reports on the stock. Susquehanna Bancshares Inc initiated coverage on shares of W. R. Grace & Co in a report on Tuesday, April 25th. They issued a “neutral” rating and a $75.00 price objective for the company. Zacks Investment Research cut 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 target price 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 upped their target price 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 issued a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $80.00.

Shares of W. R. Grace & Co (NYSE:GRA) opened at 70.85 on Friday. The firm has a market cap of $4.84 billion, a PE ratio of 36.22 and a beta of 1.15. W. R. Grace & Co has a 12 month low of $63.37 and a 12 month high of $80.56. The stock’s 50 day moving average is $69.32 and its 200 day moving average is $69.16.

W. R. Grace & Co (NYSE:GRA) last issued its quarterly earnings data on Wednesday, April 26th. The specialty chemicals company reported $0.68 EPS for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.05. The business had revenue of $398 million for the quarter, compared to analyst estimates of $373.57 million. W. R. Grace & Co had a return on equity of 37.23% and a net margin of 5.40%. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.57 EPS. On average, analysts anticipate that W. R. Grace & Co will post $3.37 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 8th. Stockholders of record on Wednesday, May 17th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date is Monday, May 15th. W. R. Grace & Co’s dividend payout ratio is 55.28%.

In related news, VP William C. Dockman sold 4,940 shares of the stock in a transaction that occurred on 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 sale, the vice president now owns 6,275 shares in the company, valued at approximately $439,375.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Alfred E. Festa sold 80,560 shares of the stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $71.49, for a total value of $5,759,234.40. Following the sale, the chairman now owns 321,790 shares of the company’s stock, valued at approximately $23,004,767.10. The disclosure for this sale can be found here. In the last three months, insiders have sold 91,500 shares of company stock worth $6,536,413. 1.50% of the stock is currently owned by insiders.

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W. R. Grace & Co Company Profile

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.

12 Month Chart for NYSE:GRA

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