Loop Capital began coverage on shares of W.R. Grace & Co. (NYSE:GRA) in a report released on Thursday, Marketbeat Ratings reports. The brokerage issued a buy rating and a $81.00 price target on the specialty chemicals company’s stock.

GRA has been the topic of a number of other research reports. BidaskClub lowered shares of W.R. Grace & Co. from a hold rating to a sell rating in a research note on Wednesday, August 2nd. Zacks Investment Research raised shares of W.R. Grace & Co. from a sell rating to a hold rating in a report on Monday, August 7th. Goldman Sachs Group, Inc. (The) cut shares of W.R. Grace & Co. from a buy rating to a neutral rating and set a $83.00 price target for the company. in a report on Thursday, June 8th. Monness Crespi & Hardt lowered their price objective on shares of W.R. Grace & Co. from $86.00 to $83.00 and set a buy rating for the company in a research note on Thursday, July 27th. Finally, Robert W. Baird reiterated a buy rating and set a $85.00 price objective on shares of W.R. Grace & Co. in a research note on Friday, September 1st. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $80.00.

Shares of W.R. Grace & Co. (GRA) opened at 72.15 on Thursday. W.R. Grace & Co. has a 52-week low of $63.37 and a 52-week high of $74.63. The stock has a market cap of $4.92 billion, a PE ratio of 35.13 and a beta of 1.11. The company’s 50-day moving average price is $69.80 and its 200-day moving average price is $70.12.

W.R. Grace & Co. (NYSE:GRA) last posted its quarterly earnings data on Thursday, July 27th. The specialty chemicals company reported $0.84 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.04. The firm had revenue of $429.50 million for the quarter, compared to the consensus estimate of $407.72 million. W.R. Grace & Co. had a net margin of 8.20% and a return on equity of 43.88%. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.74 earnings per share. On average, equities research analysts forecast that W.R. Grace & Co. will post $3.37 earnings per share for the current fiscal year.

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The firm also recently announced a quarterly dividend, which was paid on Thursday, September 7th. Investors of record on Thursday, August 17th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Tuesday, August 15th. This represents a $0.84 annualized dividend and a dividend yield of 1.16%. W.R. Grace & Co.’s dividend payout ratio (DPR) is presently 42.21%.

Large investors have recently bought and sold shares of the business. Daiwa Securities Group Inc. grew its position in W.R. Grace & Co. by 22.9% during the 2nd quarter. Daiwa Securities Group Inc. now owns 2,150 shares of the specialty chemicals company’s stock worth $155,000 after purchasing an additional 400 shares during the period. US Bancorp DE raised its stake in shares of W.R. Grace & Co. by 7.2% during the 1st quarter. US Bancorp DE now owns 2,284 shares of the specialty chemicals company’s stock valued at $159,000 after buying an additional 154 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of W.R. Grace & Co. by 5.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,487 shares of the specialty chemicals company’s stock valued at $179,000 after buying an additional 133 shares during the last quarter. LS Investment Advisors LLC raised its stake in shares of W.R. Grace & Co. by 13.4% during the 2nd quarter. LS Investment Advisors LLC now owns 2,517 shares of the specialty chemicals company’s stock valued at $181,000 after buying an additional 298 shares during the last quarter. Finally, World Asset Management Inc purchased a new position in shares of W.R. Grace & Co. during the 2nd quarter valued at about $221,000. 84.69% of the stock is currently owned by institutional investors.

About W.R. Grace & Co.

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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