W.R. Grace & Co. (NYSE:GRA) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Wednesday.

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. “

A number of other research firms have also issued reports on GRA. KeyCorp reaffirmed an “overweight” rating and issued a $84.00 price target (up previously from $77.00) on shares of W.R. Grace & Co. in a research report on Thursday, October 26th. Jefferies Group reaffirmed a “hold” rating on shares of W.R. Grace & Co. in a research report on Tuesday, October 3rd. Finally, Loop Capital started coverage on W.R. Grace & Co. in a research report on Thursday, September 28th. They issued a “buy” rating and a $81.00 price target on the stock. One research 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. currently has a consensus rating of “Buy” and an average price target of $81.36.

Shares of W.R. Grace & Co. (NYSE:GRA) traded up $0.91 during trading on Wednesday, reaching $72.20. The company had a trading volume of 633,400 shares, compared to its average volume of 534,967. W.R. Grace & Co. has a 12 month low of $65.84 and a 12 month high of $77.37. The stock has a market cap of $4,900.00, a PE ratio of 32.67, a price-to-earnings-growth ratio of 1.62 and a beta of 1.17. The company has a quick ratio of 1.06, a current ratio of 1.59 and a debt-to-equity ratio of 3.83.

W.R. Grace & Co. (NYSE:GRA) last announced its earnings results on Wednesday, October 25th. The specialty chemicals company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.09. W.R. Grace & Co. had a return on equity of 48.03% and a net margin of 8.54%. The company had revenue of $429.50 million during the quarter, compared to analysts’ expectations of $411.50 million. During the same period last year, the business posted $0.80 EPS. W.R. Grace & Co.’s revenue for the quarter was up 6.2% on a year-over-year basis. equities research analysts anticipate that W.R. Grace & Co. will post 3.39 EPS for the current year.

A number of hedge funds have recently bought and sold shares of the business. GSA Capital Partners LLP raised its position in shares of W.R. Grace & Co. by 200.8% during the 3rd quarter. GSA Capital Partners LLP now owns 22,455 shares of the specialty chemicals company’s stock worth $1,620,000 after acquiring an additional 14,990 shares in the last quarter. Neuberger Berman Group LLC raised its position in shares of W.R. Grace & Co. by 1.2% during the 3rd quarter. Neuberger Berman Group LLC now owns 1,397,331 shares of the specialty chemicals company’s stock worth $100,817,000 after acquiring an additional 16,959 shares in the last quarter. California Public Employees Retirement System raised its position in shares of W.R. Grace & Co. by 7.1% during the 3rd quarter. California Public Employees Retirement System now owns 148,828 shares of the specialty chemicals company’s stock worth $10,738,000 after acquiring an additional 9,828 shares in the last quarter. Cubist Systematic Strategies LLC raised its position in shares of W.R. Grace & Co. by 1,224.9% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 10,599 shares of the specialty chemicals company’s stock worth $765,000 after acquiring an additional 9,799 shares in the last quarter. Finally, Point72 Asset Management L.P. raised its position in shares of W.R. Grace & Co. by 2,472.5% during the 3rd quarter. Point72 Asset Management L.P. now owns 905,520 shares of the specialty chemicals company’s stock worth $65,333,000 after acquiring an additional 870,320 shares in the last quarter. 84.78% of the stock is currently owned by institutional investors.

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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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