W. R. Grace & Co (GRA) VP Elizabeth C. Brown Acquires 3,700 Shares

W. R. Grace & Co (NYSE:GRA) VP Elizabeth C. Brown acquired 3,700 shares of the company’s stock in a transaction dated Friday, February 16th. The stock was bought at an average cost of $67.17 per share, for a total transaction of $248,529.00. Following the completion of the transaction, the vice president now directly owns 4,898 shares of the company’s stock, valued at $328,998.66. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

W. R. Grace & Co (NYSE:GRA) opened at $67.26 on Wednesday. W. R. Grace & Co has a 1 year low of $62.58 and a 1 year high of $77.37. The company has a market cap of $4,570.63, a PE ratio of 19.84, a P/E/G ratio of 1.50 and a beta of 1.16. The company has a debt-to-equity ratio of 3.83, a quick ratio of 1.06 and a current ratio of 1.59.

W. R. Grace & Co (NYSE:GRA) last released its quarterly earnings results on Thursday, February 8th. The specialty chemicals company reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.02. W. R. Grace & Co had a net margin of 0.65% and a return on equity of 57.99%. The business had revenue of $459.50 million for the quarter, compared to analyst estimates of $453.84 million. During the same period last year, the firm earned $0.95 earnings per share. W. R. Grace & Co’s revenue for the quarter was up 4.2% compared to the same quarter last year. analysts anticipate that W. R. Grace & Co will post 3.75 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 22nd. Investors of record on Thursday, March 1st will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.43%. This is a positive change 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 dividend payout ratio (DPR) is currently 525.00%.

A number of large investors have recently added to or reduced their stakes in GRA. Parametric Portfolio Associates LLC increased its position in W. R. Grace & Co by 2.7% during the second quarter. Parametric Portfolio Associates LLC now owns 48,265 shares of the specialty chemicals company’s stock worth $3,476,000 after acquiring an additional 1,257 shares during the period. Dimensional Fund Advisors LP increased its position in W. R. Grace & Co by 21.1% during the second quarter. Dimensional Fund Advisors LP now owns 360,448 shares of the specialty chemicals company’s stock worth $25,955,000 after acquiring an additional 62,804 shares during the period. Janus Henderson Group PLC increased its position in W. R. Grace & Co by 4.5% during the second quarter. Janus Henderson Group PLC now owns 6,985 shares of the specialty chemicals company’s stock worth $503,000 after acquiring an additional 300 shares during the period. State Street Corp increased its position in W. R. Grace & Co by 1.0% during the second quarter. State Street Corp now owns 1,294,756 shares of the specialty chemicals company’s stock worth $93,236,000 after acquiring an additional 12,601 shares during the period. Finally, The Manufacturers Life Insurance Company increased its position in W. R. Grace & Co by 5.6% during the second quarter. The Manufacturers Life Insurance Company now owns 2,487 shares of the specialty chemicals company’s stock worth $179,000 after acquiring an additional 133 shares during the period. 84.51% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of W. R. Grace & Co from a “strong sell” rating to a “hold” rating and set a $85.00 price objective on the stock in a research report on Friday, October 27th. KeyCorp reissued an “overweight” rating and issued a $84.00 price objective (up from $77.00) on shares of W. R. Grace & Co in a research report on Thursday, October 26th. Jefferies Group reissued a “hold” rating and issued a $77.00 price objective on shares of W. R. Grace & Co in a research report on Thursday, October 26th. Seaport Global Securities reissued a “buy” rating and issued a $82.00 price objective on shares of W. R. Grace & Co in a research report on Monday, February 12th. Finally, TheStreet lowered shares of W. R. Grace & Co from a “b-” rating to a “c” rating in a research report on Thursday, February 8th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. W. R. Grace & Co presently has a consensus rating of “Buy” and an average price target of $81.60.

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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.

Insider Buying and Selling by Quarter for W. R. Grace & Co (NYSE:GRA)

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