W. R. Grace & Co (NYSE:GRA) PT Lowered to $55.00 at UBS Group

W. R. Grace & Co (NYSE:GRA) had its price target trimmed by UBS Group from $94.00 to $55.00 in a research note released on Monday morning, BenzingaRatingsTable reports. The firm currently has a buy rating on the specialty chemicals company’s stock.

Several other equities research analysts have also recently weighed in on GRA. Loop Capital cut shares of W. R. Grace & Co from a buy rating to a hold rating and reduced their target price for the company from $89.00 to $69.00 in a research note on Thursday, February 6th. Zacks Investment Research cut shares of W. R. Grace & Co from a hold rating to a sell rating in a research note on Thursday, February 6th. Robert W. Baird reduced their target price on shares of W. R. Grace & Co from $81.00 to $73.00 and set an outperform rating for the company in a research note on Wednesday, February 5th. ValuEngine upgraded shares of W. R. Grace & Co from a sell rating to a hold rating in a research note on Friday, January 3rd. Finally, TheStreet cut shares of W. R. Grace & Co from a b- rating to a c rating in a research note on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $74.75.

GRA stock traded up $3.85 during mid-day trading on Monday, reaching $39.00. 899,974 shares of the stock traded hands, compared to its average volume of 663,020. The company has a quick ratio of 1.11, a current ratio of 1.52 and a debt-to-equity ratio of 4.87. W. R. Grace & Co has a 52 week low of $26.75 and a 52 week high of $79.71. The business has a 50-day moving average of $52.14 and a two-hundred day moving average of $63.88. The firm has a market capitalization of $2.23 billion, a PE ratio of 20.64 and a beta of 0.95.

W. R. Grace & Co (NYSE:GRA) last released its quarterly earnings results on Tuesday, February 4th. The specialty chemicals company reported $1.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.27 by $0.04. W. R. Grace & Co had a net margin of 6.45% and a return on equity of 73.25%. The company had revenue of $504.50 million during the quarter, compared to analysts’ expectations of $503.74 million. During the same period in the prior year, the company earned $1.14 earnings per share. The business’s quarterly revenue was down 3.0% compared to the same quarter last year. On average, equities research analysts anticipate that W. R. Grace & Co will post 4.65 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 17th. Investors of record on Tuesday, February 25th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.08%. The ex-dividend date was Monday, February 24th. This is a boost from W. R. Grace & Co’s previous quarterly dividend of $0.27. W. R. Grace & Co’s dividend payout ratio (DPR) is presently 27.40%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GRA. California State Teachers Retirement System lifted its stake in W. R. Grace & Co by 1.2% during the third quarter. California State Teachers Retirement System now owns 92,005 shares of the specialty chemicals company’s stock worth $6,142,000 after purchasing an additional 1,095 shares during the period. Metropolitan Life Insurance Co NY lifted its stake in W. R. Grace & Co by 3.8% during the third quarter. Metropolitan Life Insurance Co NY now owns 4,209 shares of the specialty chemicals company’s stock worth $281,000 after purchasing an additional 156 shares during the period. Tocqueville Asset Management L.P. lifted its stake in W. R. Grace & Co by 2.7% during the fourth quarter. Tocqueville Asset Management L.P. now owns 353,521 shares of the specialty chemicals company’s stock worth $24,693,000 after purchasing an additional 9,170 shares during the period. Cerebellum GP LLC lifted its stake in W. R. Grace & Co by 25.7% during the fourth quarter. Cerebellum GP LLC now owns 7,932 shares of the specialty chemicals company’s stock worth $554,000 after purchasing an additional 1,620 shares during the period. Finally, California Public Employees Retirement System lifted its stake in W. R. Grace & Co by 8.1% during the fourth quarter. California Public Employees Retirement System now owns 134,636 shares of the specialty chemicals company’s stock worth $9,404,000 after purchasing an additional 10,058 shares during the period. Institutional investors and hedge funds own 86.81% of the company’s stock.

About W. R. Grace & Co

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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Analyst Recommendations for W. R. Grace & Co (NYSE:GRA)

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