W. R. Grace & Co (NYSE:GRA) major shareholder North Latitude Master Fund 40 bought 106,608 shares of the stock in a transaction on Thursday, August 22nd. The stock was purchased at an average price of $64.65 per share, with a total value of $6,892,207.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
North Latitude Master Fund 40 also recently made the following trade(s):
- On Monday, August 19th, North Latitude Master Fund 40 bought 96,576 shares of W. R. Grace & Co stock. The stock was purchased at an average price of $64.61 per share, with a total value of $6,239,775.36.
Shares of NYSE GRA traded down $0.49 during mid-day trading on Thursday, reaching $64.54. 518,444 shares of the company were exchanged, compared to its average volume of 491,231. The company has a quick ratio of 1.01, a current ratio of 1.48 and a debt-to-equity ratio of 5.06. The stock has a market cap of $4.34 billion, a price-to-earnings ratio of 15.59, a P/E/G ratio of 1.23 and a beta of 1.02. W. R. Grace & Co has a 1 year low of $59.22 and a 1 year high of $79.71. The firm has a 50-day moving average of $71.46 and a 200 day moving average of $74.55.
W. R. Grace & Co (NYSE:GRA) last issued its quarterly earnings data on Thursday, July 25th. The specialty chemicals company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.02. The firm had revenue of $513.60 million during the quarter, compared to analysts’ expectations of $508.65 million. W. R. Grace & Co had a return on equity of 85.42% and a net margin of 9.31%. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.07 EPS. On average, equities analysts forecast that W. R. Grace & Co will post 4.39 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Thursday, August 15th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date is Wednesday, August 14th. W. R. Grace & Co’s dividend payout ratio (DPR) is currently 26.09%.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Harvest Group Wealth Management LLC purchased a new stake in W. R. Grace & Co in the first quarter valued at about $27,000. YorkBridge Wealth Partners LLC purchased a new stake in W. R. Grace & Co in the first quarter valued at about $49,000. Advisors Preferred LLC purchased a new stake in W. R. Grace & Co in the first quarter valued at about $76,000. Private Capital Group LLC raised its stake in W. R. Grace & Co by 24.9% in the first quarter. Private Capital Group LLC now owns 1,249 shares of the specialty chemicals company’s stock valued at $97,000 after buying an additional 249 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in W. R. Grace & Co in the first quarter valued at about $291,000. Hedge funds and other institutional investors own 87.13% of the company’s stock.
Several brokerages have weighed in on GRA. Robert W. Baird set a $81.00 target price on W. R. Grace & Co and gave the stock a “buy” rating in a report on Friday, July 26th. BMO Capital Markets set a $83.00 price objective on W. R. Grace & Co and gave the stock a “buy” rating in a research note on Friday, July 26th. ValuEngine cut W. R. Grace & Co from a “hold” rating to a “sell” rating in a research note on Saturday, July 27th. Finally, Zacks Investment Research upgraded W. R. Grace & Co from a “sell” rating to a “hold” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $85.50.
W. R. Grace & Co Company Profile
W. R. Grace & Co produces and sells specialty chemicals and materials worldwide. It operates through two segments, Grace Catalysts Technologies and Grace Materials Technologies. The Grace Catalysts Technologies segment offers fluid catalytic cracking (FCC) catalysts for the production of transportation fuels, such as gasoline and diesel fuels, and petrochemicals; FCC additives; and methanol-to-olefins catalysts for the conversion of methanol into petrochemical feeds, including ethylene and propylene.
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