W. R. Grace & Co (GRA) Chairman Alfred E. Festa Purchases 25,000 Shares

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.

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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.

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