Shares of W. R. Grace & Co (NYSE:GRA) have earned a consensus recommendation of “Buy” from the eleven brokerages that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $87.00.
A number of equities analysts have commented on the stock. BMO Capital Markets upgraded shares of TMAC Resources from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 2nd. Berenberg Bank set a €126.00 ($146.51) target price on shares of Nemetschek and gave the stock a “neutral” rating in a research note on Thursday, March 21st. Finally, Zacks Investment Research downgraded shares of Hancock Jaffe Laboratories from a “buy” rating to a “hold” rating in a research note on Wednesday, June 26th.
W. R. Grace & Co stock traded up $1.06 during midday trading on Tuesday, reaching $77.52. The stock had a trading volume of 441,055 shares, compared to its average volume of 374,996. The company has a debt-to-equity ratio of 5.54, a quick ratio of 1.04 and a current ratio of 1.54. W. R. Grace & Co has a 52-week low of $59.22 and a 52-week high of $79.71. The company has a market capitalization of $5.19 billion, a price-to-earnings ratio of 18.72, a price-to-earnings-growth ratio of 1.41 and a beta of 1.03. The stock has a fifty day simple moving average of $74.54.
W. R. Grace & Co (NYSE:GRA) last issued its earnings results on Thursday, April 25th. The specialty chemicals company reported $0.93 EPS for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.05. The business had revenue of $469.50 million for the quarter, compared to the consensus estimate of $464.99 million. W. R. Grace & Co had a net margin of 7.55% and a return on equity of 89.86%. The company’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.82 EPS. On average, equities analysts forecast that W. R. Grace & Co will post 4.57 EPS for the current fiscal year.
In other news, VP William C. Dockman sold 4,717 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $76.49, for a total transaction of $360,803.33. Following the transaction, the vice president now directly owns 11,013 shares in the company, valued at $842,384.37. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Mark A. Shelnitz sold 11,792 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $76.36, for a total transaction of $900,437.12. Following the transaction, the vice president now owns 76,253 shares in the company, valued at $5,822,679.08. The disclosure for this sale can be found here. 2.00% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Xact Kapitalforvaltning AB grew its position in W. R. Grace & Co by 47.5% during the second quarter. Xact Kapitalforvaltning AB now owns 5,900 shares of the specialty chemicals company’s stock valued at $449,000 after buying an additional 1,900 shares during the period. Campbell & CO Investment Adviser LLC grew its position in W. R. Grace & Co by 77.5% during the second quarter. Campbell & CO Investment Adviser LLC now owns 6,615 shares of the specialty chemicals company’s stock valued at $503,000 after buying an additional 2,888 shares during the period. Cooper Creek Partners Management LLC acquired a new stake in W. R. Grace & Co during the first quarter valued at $591,000. Swift Run Capital Management LLC grew its position in W. R. Grace & Co by 5.7% during the first quarter. Swift Run Capital Management LLC now owns 63,728 shares of the specialty chemicals company’s stock valued at $4,973,000 after buying an additional 3,445 shares during the period. Finally, Neuberger Berman Group LLC grew its position in W. R. Grace & Co by 7.0% during the first quarter. Neuberger Berman Group LLC now owns 1,032,072 shares of the specialty chemicals company’s stock valued at $80,543,000 after buying an additional 67,442 shares during the period. Hedge funds and other institutional investors own 86.35% of the company’s stock.
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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