W.R. Grace & Co. (NYSE:GRA) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Wednesday.

A number of other analysts have also recently weighed in on GRA. Zacks Investment Research upgraded shares of W.R. Grace & Co. from a “sell” rating to a “hold” rating in a research note on Monday. Monness Crespi & Hardt decreased their price target on shares of W.R. Grace & Co. from $86.00 to $83.00 and set a “buy” rating for the company in a research note on Thursday, July 27th. Goldman Sachs Group, Inc. (The) cut shares of W.R. Grace & Co. from a “buy” rating to a “neutral” rating and set a $83.00 price target for the company. in a research note on Thursday, June 8th. Vertical Research began coverage on shares of W.R. Grace & Co. in a research note on Thursday, May 25th. They set a “buy” rating and a $81.00 price target for the company. Finally, Aegis reiterated a “buy” rating on shares of W.R. Grace & Co. in a research note on Wednesday, May 31st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the stock. W.R. Grace & Co. presently has a consensus rating of “Buy” and a consensus price target of $80.18.

W.R. Grace & Co. (GRA) traded up 0.55% on Wednesday, reaching $68.96. 336,023 shares of the company were exchanged. W.R. Grace & Co. has a 52 week low of $63.37 and a 52 week high of $80.56. The stock has a market capitalization of $4.70 billion, a price-to-earnings ratio of 33.57 and a beta of 1.12. The stock has a 50-day moving average price of $70.85 and a 200 day moving average price of $70.34.

W.R. Grace & Co. (NYSE:GRA) last posted its earnings results on Thursday, July 27th. The specialty chemicals company reported $0.84 EPS for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.04. The firm had revenue of $429.50 million for the quarter, compared to the consensus estimate of $407.72 million. W.R. Grace & Co. had a net margin of 8.20% and a return on equity of 43.88%. The company’s revenue was up 10.0% on a year-over-year basis. During the same period last year, the firm posted $0.74 EPS. Analysts forecast that W.R. Grace & Co. will post $3.38 earnings per share for the current year.

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In other W.R. Grace & Co. news, VP William C. Dockman sold 4,940 shares of the firm’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $70.02, for a total transaction of $345,898.80. Following the completion of the transaction, the vice president now directly owns 6,275 shares in the company, valued at approximately $439,375.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Mark A. Shelnitz sold 26,853 shares of the firm’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $71.44, for a total transaction of $1,918,378.32. Following the transaction, the vice president now owns 83,437 shares of the company’s stock, valued at $5,960,739.28. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. Envestnet Asset Management Inc. increased its position in W.R. Grace & Co. by 43.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 1,909 shares of the specialty chemicals company’s stock valued at $129,000 after buying an additional 577 shares during the period. Daiwa Securities Group Inc. increased its position in W.R. Grace & Co. by 22.9% in the second quarter. Daiwa Securities Group Inc. now owns 2,150 shares of the specialty chemicals company’s stock valued at $155,000 after buying an additional 400 shares during the period. US Bancorp DE increased its position in W.R. Grace & Co. by 7.2% in the first quarter. US Bancorp DE now owns 2,284 shares of the specialty chemicals company’s stock valued at $159,000 after buying an additional 154 shares during the period. LS Investment Advisors LLC increased its position in W.R. Grace & Co. by 13.4% in the second quarter. LS Investment Advisors LLC now owns 2,517 shares of the specialty chemicals company’s stock valued at $181,000 after buying an additional 298 shares during the period. Finally, World Asset Management Inc acquired a new position in W.R. Grace & Co. during the second quarter valued at $221,000. Hedge funds and other institutional investors own 83.74% of the company’s stock.

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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