W.R. Grace & Co. (NYSE:GRA)’s share price shot up 4.1% on Friday . The company traded as high as $77.30 and last traded at $76.91, with a volume of 1,021,069 shares changing hands. The stock had previously closed at $73.87.

A number of brokerages recently weighed in on GRA. Jefferies Group reissued a “buy” rating on shares of W.R. Grace & Co. in a report on Sunday, April 24th. TheStreet raised W.R. Grace & Co. from a “hold” rating to a “buy” rating in a research note on Friday, August 5th. Zacks Investment Research raised W.R. Grace & Co. from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a research note on Monday, May 2nd. Monness Crespi & Hardt lifted their price target on W.R. Grace & Co. from $80.00 to $86.00 and gave the stock a “buy” rating in a research note on Thursday, April 28th. Finally, Robert W. Baird reaffirmed a “neutral” rating and issued a $76.00 price target on shares of W.R. Grace & Co. in a research note on Tuesday, August 2nd. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. W.R. Grace & Co. currently has a consensus rating of “Buy” and a consensus target price of $88.60.

The stock has a market cap of $5.45 billion and a P/E ratio of 75.74. The firm’s 50 day moving average is $75.23 and its 200-day moving average is $74.36.

W.R. Grace & Co. (NYSE:GRA) last announced its quarterly earnings results on Monday, August 1st. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.06. The firm had revenue of $390.50 million for the quarter, compared to the consensus estimate of $407.36 million. W.R. Grace & Co.’s quarterly revenue was down 4.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.19 earnings per share. Equities research analysts predict that W.R. Grace & Co. will post $3.07 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 14th. Investors of record on Tuesday, August 23rd will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date is Friday, August 19th.

A number of institutional investors have recently made changes to their positions in GRA. Morgan Stanley raised its position in shares of W.R. Grace & Co. by 14.7% in the fourth quarter. Morgan Stanley now owns 250,681 shares of the company’s stock worth $24,965,000 after buying an additional 32,043 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of W.R. Grace & Co. by 7.2% in the fourth quarter. Wells Fargo & Company MN now owns 91,335 shares of the company’s stock worth $9,096,000 after buying an additional 6,143 shares during the last quarter. Jennison Associates LLC raised its position in shares of W.R. Grace & Co. by 256.8% in the fourth quarter. Jennison Associates LLC now owns 836,854 shares of the company’s stock worth $83,342,000 after buying an additional 602,337 shares during the last quarter. Westfield Capital Management Co. LP raised its position in shares of W.R. Grace & Co. by 179.8% in the fourth quarter. Westfield Capital Management Co. LP now owns 728,163 shares of the company’s stock worth $72,518,000 after buying an additional 467,908 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in shares of W.R. Grace & Co. by 4.9% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 176,030 shares of the company’s stock worth $17,531,000 after buying an additional 8,212 shares during the last quarter.

W.R. Grace & Co (Grace) is engaged in the production and sale of specialty chemicals and specialty materials. The Company operates in three segments: Grace Catalysts Technologies, Grace Materials Technologies and Grace Construction Products. Its Grace Catalysts Technologies segment produces and sells catalysts and related products and technologies used in refining, petrochemical and other chemical manufacturing applications, including Fluid catalytic cracking catalysts, Hydroprocessing catalysts, and Polyolefin catalysts and catalyst supports.

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