W. R. Grace & Co (NYSE:GRA) Chairman Alfred E. Festa bought 25,000 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was purchased at an average price of $65.38 per share, for a total transaction of $1,634,500.00. Following the completion of the acquisition, the chairman now directly owns 268,935 shares in the company, valued at $17,582,970.30. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of W. R. Grace & Co (NYSE GRA) opened at $65.68 on Tuesday. The stock has a market cap of $4,393.77, a P/E ratio of 410.50, a PEG ratio of 1.45 and a beta of 1.16. W. R. Grace & Co has a 52 week low of $62.58 and a 52 week high of $77.37. 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 released 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 business had revenue of $459.50 million for the quarter, compared to the consensus estimate of $453.84 million. W. R. Grace & Co had a net margin of 0.65% and a return on equity of 57.99%. The business’s revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.95 EPS. sell-side analysts anticipate that W. R. Grace & Co will post 3.72 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 22nd. Stockholders of record on Thursday, March 1st will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.46%. This is an increase from W. R. Grace & Co’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Wednesday, February 28th. W. R. Grace & Co’s payout ratio is 525.00%.
Several equities analysts have weighed in on the stock. Zacks Investment Research lowered shares of W. R. Grace & Co from a “hold” rating to a “sell” rating in a report on Friday, October 20th. TheStreet lowered shares of W. R. Grace & Co from a “b-” rating to a “c” rating in a report on Thursday, February 8th. KeyCorp reiterated a “buy” rating and issued a $77.00 target price on shares of W. R. Grace & Co in a report on Tuesday, October 17th. Jefferies Group reiterated a “hold” rating and issued a $77.00 target price on shares of W. R. Grace & Co in a report on Thursday, October 26th. Finally, Seaport Global Securities reiterated a “buy” rating and issued a $82.00 target price on shares of W. R. Grace & Co in a report on Monday. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $81.60.
Several institutional investors have recently added to or reduced their stakes in the company. Hudson Bay Capital Management LP purchased a new stake in shares of W. R. Grace & Co in the 4th quarter valued at approximately $5,340,000. American International Group Inc. purchased a new stake in shares of W. R. Grace & Co in the 4th quarter valued at approximately $113,000. Bank of New York Mellon Corp raised its stake in shares of W. R. Grace & Co by 3.0% in the 4th quarter. Bank of New York Mellon Corp now owns 394,182 shares of the specialty chemicals company’s stock valued at $27,644,000 after acquiring an additional 11,530 shares during the period. Capital Fund Management S.A. raised its stake in shares of W. R. Grace & Co by 980.3% in the 4th quarter. Capital Fund Management S.A. now owns 171,803 shares of the specialty chemicals company’s stock valued at $12,049,000 after acquiring an additional 155,900 shares during the period. Finally, Toronto Dominion Bank raised its stake in shares of W. R. Grace & Co by 39.2% in the 4th quarter. Toronto Dominion Bank now owns 4,020 shares of the specialty chemicals company’s stock valued at $282,000 after acquiring an additional 1,133 shares during the period. 85.00% of the stock is currently owned by institutional investors and hedge funds.
ILLEGAL ACTIVITY NOTICE: This piece of content was originally published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this piece of content on another publication, it was copied illegally and republished in violation of United States & international copyright & trademark legislation. The legal version of this piece of content can be viewed at https://www.dispatchtribunal.com/2018/02/13/w-r-grace-co-gra-chairman-alfred-e-festa-purchases-25000-shares.html.
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.
Receive News & Ratings for W. R. Grace & Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for W. R. Grace & Co and related companies with MarketBeat.com's FREE daily email newsletter.