W. R. Grace & Co (GRA) Earns Buy Rating from Seaport Global Securities

Seaport Global Securities reissued their buy rating on shares of W. R. Grace & Co (NYSE:GRA) in a research note released on Monday. Seaport Global Securities currently has a $82.00 price target on the specialty chemicals company’s stock. Seaport Global Securities also issued estimates for W. R. Grace & Co’s Q1 2018 earnings at $0.70 EPS, Q3 2018 earnings at $0.98 EPS, Q4 2018 earnings at $1.18 EPS, FY2018 earnings at $3.76 EPS, Q1 2019 earnings at $0.86 EPS, Q2 2019 earnings at $1.05 EPS, Q3 2019 earnings at $1.09 EPS, Q4 2019 earnings at $1.32 EPS and FY2019 earnings at $4.32 EPS.

A number of other equities research analysts have also issued reports on GRA. KeyCorp reaffirmed a buy rating and issued a $77.00 price target on shares of W. R. Grace & Co in a research report on Tuesday, October 17th. Zacks Investment Research downgraded W. R. Grace & Co from a hold rating to a sell rating in a report on Friday, October 20th. Jefferies Group reiterated a hold rating and issued a $77.00 price objective on shares of W. R. Grace & Co in a report on Thursday, October 26th. Finally, TheStreet downgraded W. R. Grace & Co from a b- rating to a c rating in a report on Thursday, February 8th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of $81.60.

Shares of W. R. Grace & Co (GRA) opened at $66.00 on Monday. The company has a debt-to-equity ratio of 3.83, a current ratio of 1.59 and a quick ratio of 1.06. The stock has a market capitalization of $4,397.83, a PE ratio of 19.09, a price-to-earnings-growth ratio of 1.44 and a beta of 1.16. W. R. Grace & Co has a 12-month low of $62.58 and a 12-month high of $77.37.

W. R. Grace & Co (NYSE:GRA) last posted its quarterly earnings results on Thursday, February 8th. The specialty chemicals company reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.02. The company had revenue of $459.50 million for the quarter, compared to analyst estimates of $453.84 million. W. R. Grace & Co had a return on equity of 57.99% and a net margin of 0.65%. W. R. Grace & Co’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.95 EPS. equities research analysts expect that W. R. Grace & Co will post 3.75 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 22nd. Stockholders of record on Thursday, March 1st will be issued a $0.24 dividend. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.45%. This is an increase from W. R. Grace & Co’s previous quarterly dividend of $0.21. W. R. Grace & Co’s dividend payout ratio is presently 525.00%.

In other news, Chairman Alfred E. Festa purchased 25,000 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were purchased at an average price of $65.38 per share, for a total transaction of $1,634,500.00. Following the purchase, the chairman now directly owns 268,935 shares of the company’s stock, valued at approximately $17,582,970.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Thomas E. Blaser purchased 5,300 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The shares were purchased at an average price of $65.32 per share, for a total transaction of $346,196.00. Following the purchase, the vice president now directly owns 9,962 shares in the company, valued at $650,717.84. The disclosure for this purchase can be found here. Corporate insiders own 1.30% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. TIAA CREF Investment Management LLC grew its stake in W. R. Grace & Co by 2.4% during the 4th quarter. TIAA CREF Investment Management LLC now owns 3,640,635 shares of the specialty chemicals company’s stock worth $255,318,000 after buying an additional 83,896 shares during the last quarter. Teachers Advisors LLC grew its stake in W. R. Grace & Co by 5.5% during the 4th quarter. Teachers Advisors LLC now owns 2,238,256 shares of the specialty chemicals company’s stock worth $156,969,000 after buying an additional 115,760 shares during the last quarter. California State Teachers Retirement System grew its stake in W. R. Grace & Co by 1.0% during the 4th quarter. California State Teachers Retirement System now owns 120,291 shares of the specialty chemicals company’s stock worth $8,436,000 after buying an additional 1,248 shares during the last quarter. Geode Capital Management LLC grew its stake in W. R. Grace & Co by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 536,690 shares of the specialty chemicals company’s stock worth $37,607,000 after buying an additional 8,576 shares during the last quarter. Finally, Hudson Bay Capital Management LP purchased a new position in W. R. Grace & Co during the 4th quarter worth approximately $5,340,000. Hedge funds and other institutional investors own 85.00% of the company’s stock.

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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.

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

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