W. R. Grace & Co (GRA) VP Purchases $346,196.00 in Stock
W. R. Grace & Co (NYSE:GRA) VP Thomas E. Blaser bought 5,300 shares of the stock in a transaction that occurred on Tuesday, February 13th. The stock was acquired at an average price of $65.32 per share, for a total transaction of $346,196.00. Following the completion of the transaction, the vice president now owns 9,962 shares in the company, valued at $650,717.84. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
W. R. Grace & Co (NYSE:GRA) opened at $66.00 on Thursday. The company has a debt-to-equity ratio of 3.83, a quick ratio of 1.06 and a current ratio of 1.59. The stock has a market capitalization of $4,397.83, a price-to-earnings ratio of 19.09, a price-to-earnings-growth ratio of 1.44 and a beta of 1.16. W. R. Grace & Co has a one year low of $62.58 and a one year high of $77.37.
W. R. Grace & Co (NYSE:GRA) last issued 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 firm had revenue of $459.50 million during the quarter, compared to analyst estimates of $453.84 million. W. R. Grace & Co had a return on equity of 57.99% and a net margin of 0.65%. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period last year, the company posted $0.95 EPS. equities research analysts predict that W. R. Grace & Co will post 3.75 earnings per share for the current year.
Several research firms recently commented on GRA. Seaport Global Securities restated a “buy” rating and issued a $82.00 target price on shares of W. R. Grace & Co in a research report on Monday. TheStreet lowered W. R. Grace & Co from a “b-” rating to a “c” rating in a research note on Thursday, February 8th. Zacks Investment Research raised W. R. Grace & Co from a “strong sell” rating to a “hold” rating and set a $85.00 price target for the company in a research note on Friday, October 27th. KeyCorp reaffirmed an “overweight” rating and set a $84.00 price target (up from $77.00) on shares of W. R. Grace & Co in a research note on Thursday, October 26th. Finally, Jefferies Group reaffirmed a “hold” rating and set a $77.00 price target on shares of W. R. Grace & Co in a research note on Thursday, October 26th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $81.60.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. American International Group Inc. bought a new stake in shares of W. R. Grace & Co during the 4th quarter worth $113,000. Cerebellum GP LLC bought a new stake in shares of W. R. Grace & Co during the 4th quarter worth $124,000. The Manufacturers Life Insurance Company boosted 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 worth $179,000 after acquiring an additional 133 shares in the last quarter. US Bancorp DE boosted its stake in shares of W. R. Grace & Co by 87.7% during the 4th quarter. US Bancorp DE now owns 2,943 shares of the specialty chemicals company’s stock worth $206,000 after acquiring an additional 1,375 shares in the last quarter. Finally, Toronto Dominion Bank boosted its stake in shares of W. R. Grace & Co by 244.1% during the 3rd quarter. Toronto Dominion Bank now owns 2,887 shares of the specialty chemicals company’s stock worth $208,000 after acquiring an additional 2,048 shares in the last quarter. 85.00% of the stock is owned by institutional investors and hedge funds.
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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.
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