W.R. Grace & Co. (GRA) Shares Down 1%
W.R. Grace & Co. (NYSE:GRA) was down 1% during mid-day trading on Tuesday . The company traded as low as $78.01 and last traded at $78.21, with a volume of 522,651 shares traded. The stock had previously closed at $79.00.
A number of equities research analysts recently issued reports on GRA shares. Zacks Investment Research upgraded shares of W.R. Grace & Co. from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 3rd. TheStreet raised shares of W.R. Grace & Co. from a “hold” rating to a “buy” rating in a report on Friday, August 5th. Monness Crespi & Hardt increased their price objective on shares of W.R. Grace & Co. from $80.00 to $86.00 and gave the stock a “buy” rating in a report on Thursday, April 28th. Robert W. Baird reissued a “neutral” rating and set a $76.00 price objective on shares of W.R. Grace & Co. in a report on Tuesday, August 2nd. Finally, Jefferies Group reissued a “buy” rating on shares of W.R. Grace & Co. in a report on Wednesday, July 6th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $88.60.
The firm has a market cap of $5.57 billion and a P/E ratio of 77.375. The stock’s 50-day moving average is $75.59 and its 200 day moving average is $74.42.
W.R. Grace & Co. (NYSE:GRA) last posted its quarterly earnings results on Monday, August 1st. The company reported $0.74 EPS for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.06. The company earned $390.50 million during the quarter, compared to analyst estimates of $407.36 million. The firm’s revenue for the quarter was down 4.1% compared to the same quarter last year. During the same period last year, the firm earned $1.19 EPS. On average, equities research analysts expect that W.R. Grace & Co. will post $3.07 earnings per share for the current fiscal year.
The business 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 $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date of this dividend is Friday, August 19th.
An institutional investor recently raised its position in W.R. Grace & Co. stock. Wells Fargo & Company MN increased its position in shares of W.R. Grace & Co. (NYSE:GRA) by 7.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 91,335 shares of the company’s stock after buying an additional 6,143 shares during the period. Wells Fargo & Company MN owned about 0.13% of W.R. Grace & Co. worth $9,096,000 as of its most recent SEC filing.
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.