According to Zacks, “W. R. Grace & Co. produces specialty chemicals. They primarily operate through the following two business segments: Davison Chemicals and Performance Chemicals. Davison Chemicals manufactures catalysts (fluid cracking, hydroprocessing and polyolein) and silica and zeolite absorbents. Performance Chemicals produces specialty construction and building materials, along with container and closure sealants. “
Other equities analysts have also issued reports about the stock. Robert W. Baird set a $81.00 target price on shares of W. R. Grace & Co and gave the stock a buy rating in a research report on Friday, July 26th. ValuEngine lowered shares of W. R. Grace & Co from a hold rating to a sell rating in a research report on Saturday, July 27th. Finally, BMO Capital Markets set a $83.00 target price on shares of W. R. Grace & Co and gave the stock a buy rating in a research report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company. The company currently has an average rating of Buy and an average target price of $85.50.
W. R. Grace & Co (NYSE:GRA) last issued its quarterly earnings data on Thursday, July 25th. The specialty chemicals company reported $1.16 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.14 by $0.02. The firm had revenue of $513.60 million for the quarter, compared to analysts’ expectations of $508.65 million. W. R. Grace & Co had a net margin of 9.31% and a return on equity of 85.42%. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.07 earnings per share. On average, equities analysts predict that W. R. Grace & Co will post 4.4 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th were given a dividend of $0.27 per share. The ex-dividend date was Wednesday, August 14th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.55%. W. R. Grace & Co’s payout ratio is 26.09%.
In other W. R. Grace & Co news, VP William C. Dockman acquired 1,000 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The shares were acquired at an average cost of $68.21 per share, for a total transaction of $68,210.00. Following the completion of the acquisition, the vice president now directly owns 8,675 shares of the company’s stock, valued at approximately $591,721.75. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder North Latitude Fund Lp 40 acquired 198,096 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The stock was acquired at an average price of $63.42 per share, for a total transaction of $12,563,248.32. The disclosure for this purchase can be found here. Insiders have bought 498,970 shares of company stock worth $32,047,464 over the last quarter. 2.00% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. UBS Asset Management Americas Inc. raised its holdings in W. R. Grace & Co by 0.5% in the second quarter. UBS Asset Management Americas Inc. now owns 82,524 shares of the specialty chemicals company’s stock worth $6,281,000 after purchasing an additional 394 shares during the period. YorkBridge Wealth Partners LLC bought a new stake in shares of W. R. Grace & Co during the first quarter worth $49,000. Quantitative Systematic Strategies LLC increased its position 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 acquiring an additional 903 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its position in shares of W. R. Grace & Co by 48.9% during the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 4,600 shares of the specialty chemicals company’s stock worth $358,000 after acquiring an additional 1,510 shares in the last quarter. Finally, Xact Kapitalforvaltning AB increased its position in shares of 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 worth $449,000 after acquiring an additional 1,900 shares in the last quarter. Institutional investors and hedge funds own 86.54% 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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