Jefferies Group LLC reiterated their hold rating on shares of W.R. Grace & Co. (NYSE:GRA) in a research report released on Tuesday.

A number of other equities research analysts have also recently weighed in on the company. Loop Capital assumed coverage on W.R. Grace & Co. in a research note on Thursday, September 28th. They issued a buy rating and a $81.00 price objective for the company. Zacks Investment Research raised W.R. Grace & Co. from a sell rating to a hold rating in a research note on Monday, August 7th. KeyCorp reissued a buy rating and set a $77.00 target price on shares of W.R. Grace & Co. in a research note on Sunday, September 3rd. Robert W. Baird restated a buy rating and set a $85.00 target price on shares of W.R. Grace & Co. in a report on Friday, September 1st. Finally, BidaskClub upgraded W.R. Grace & Co. from a sell rating to a hold rating in a report on Saturday, August 26th. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of $80.00.

W.R. Grace & Co. (NYSE:GRA) traded up 0.17% during mid-day trading on Tuesday, reaching $72.61. 182,573 shares of the company were exchanged. The stock’s 50-day moving average price is $71.15 and its 200-day moving average price is $70.31. The stock has a market capitalization of $4.95 billion, a price-to-earnings ratio of 35.35 and a beta of 1.11. W.R. Grace & Co. has a 1-year low of $63.37 and a 1-year high of $74.63.

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

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

Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of W.R. Grace & Co. by 1.7% during the second quarter. Vanguard Group Inc. now owns 5,895,867 shares of the specialty chemicals company’s stock worth $424,561,000 after buying an additional 98,017 shares in the last quarter. TIAA CREF Investment Management LLC increased its stake in shares of W.R. Grace & Co. by 68.9% during the second quarter. TIAA CREF Investment Management LLC now owns 3,477,805 shares of the specialty chemicals company’s stock worth $250,437,000 after buying an additional 1,418,816 shares during the period. Iridian Asset Management LLC CT increased its stake in shares of W.R. Grace & Co. by 2.1% during the second quarter. Iridian Asset Management LLC CT now owns 3,362,061 shares of the specialty chemicals company’s stock worth $242,102,000 after buying an additional 70,650 shares during the period. Teachers Advisors LLC increased its stake in shares of W.R. Grace & Co. by 25.2% during the second quarter. Teachers Advisors LLC now owns 2,232,160 shares of the specialty chemicals company’s stock worth $160,738,000 after buying an additional 449,288 shares during the period. Finally, Neuberger Berman Group LLC increased its stake in shares of W.R. Grace & Co. by 5.7% during the second quarter. Neuberger Berman Group LLC now owns 1,380,372 shares of the specialty chemicals company’s stock worth $99,401,000 after buying an additional 73,870 shares during the period. Institutional investors and hedge funds own 84.69% of the company’s stock.

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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