W. R. Grace & Co (NYSE:GRA) major shareholder North Latitude Fund Lp 40 bought 39,500 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was bought at an average cost of $64.72 per share, for a total transaction of $2,556,440.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
North Latitude Fund Lp 40 also recently made the following trade(s):
- On Wednesday, August 14th, North Latitude Fund Lp 40 bought 198,096 shares of W. R. Grace & Co stock. The stock was bought at an average cost of $63.42 per share, for a total transaction of $12,563,248.32.
- On Monday, August 12th, North Latitude Fund Lp 40 purchased 24,703 shares of W. R. Grace & Co stock. The shares were acquired at an average price of $64.91 per share, for a total transaction of $1,603,471.73.
Shares of NYSE:GRA opened at $65.03 on Thursday. The company has a debt-to-equity ratio of 5.06, a current ratio of 1.48 and a quick ratio of 1.01. The firm has a market capitalization of $4.32 billion, a PE ratio of 15.71, a price-to-earnings-growth ratio of 1.23 and a beta of 1.02. The firm’s 50-day moving average is $71.76 and its two-hundred day moving average is $74.59. W. R. Grace & Co has a 1 year low of $59.22 and a 1 year high of $79.71.
W. R. Grace & Co (NYSE:GRA) last issued its quarterly earnings results on Thursday, July 25th. The specialty chemicals company reported $1.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.14 by $0.02. The company had revenue of $513.60 million for the quarter, compared to analyst estimates of $508.65 million. W. R. Grace & Co had a net margin of 9.31% and a return on equity of 85.42%. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.07 earnings per share. Analysts expect that W. R. Grace & Co will post 4.39 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be paid a dividend of $0.27 per share. The ex-dividend date is Wednesday, August 14th. This represents a $1.08 dividend on an annualized basis and a yield of 1.66%. W. R. Grace & Co’s dividend payout ratio (DPR) is presently 26.09%.
A number of analysts have issued reports on GRA shares. BMO Capital Markets set a $83.00 price target on shares of W. R. Grace & Co and gave the stock a “buy” rating in a research note on Friday, July 26th. Robert W. Baird set a $81.00 price target on shares of W. R. Grace & Co and gave the stock a “buy” rating in a research note on Friday, July 26th. Zacks Investment Research upgraded shares of W. R. Grace & Co from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, ValuEngine lowered shares of W. R. Grace & Co from a “hold” rating to a “sell” rating in a research note on Saturday, July 27th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $85.50.
A number of large investors have recently modified their holdings of GRA. Geode Capital Management LLC lifted its stake in shares of W. R. Grace & Co by 5.1% in the fourth quarter. Geode Capital Management LLC now owns 623,801 shares of the specialty chemicals company’s stock worth $40,490,000 after buying an additional 30,216 shares in the last quarter. Private Capital Group LLC lifted its stake in shares of 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 worth $97,000 after buying an additional 249 shares in the last quarter. James Investment Research Inc. bought a new position in shares of W. R. Grace & Co in the first quarter worth approximately $680,000. SG Americas Securities LLC bought a new position in shares of W. R. Grace & Co in the first quarter worth approximately $3,802,000. Finally, Advisors Preferred LLC bought a new position in shares of W. R. Grace & Co in the first quarter worth approximately $76,000. Institutional investors own 87.13% 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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