W. R. Grace & Co. (NYSE:GRA) Hits New 12-Month High at $68.87

W. R. Grace & Co. (NYSE:GRA)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $68.87 and last traded at $68.87, with a volume of 5471 shares trading hands. The stock had previously closed at $68.76.

Several equities research analysts have issued reports on GRA shares. Wells Fargo & Company lifted their target price on shares of W. R. Grace & Co. from $65.00 to $70.00 and gave the company an “equal weight” rating in a research report on Thursday, April 15th. Zacks Investment Research lowered shares of W. R. Grace & Co. from a “hold” rating to a “sell” rating in a research report on Wednesday, June 2nd. Seaport Res Ptn lowered shares of W. R. Grace & Co. from a “buy” rating to a “neutral” rating in a research report on Friday, May 28th. BMO Capital Markets lowered shares of W. R. Grace & Co. from an “outperform” rating to a “market perform” rating and set a $70.00 target price for the company. in a research report on Friday, May 14th. Finally, CL King reiterated a “neutral” rating on shares of W. R. Grace & Co. in a research report on Monday, May 3rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $68.14.

The firm has a market capitalization of $4.55 billion, a PE ratio of 185.68 and a beta of 1.46. The company has a 50 day moving average of $66.91. The company has a quick ratio of 1.10, a current ratio of 1.59 and a debt-to-equity ratio of 6.41.

W. R. Grace & Co. (NYSE:GRA) last posted its quarterly earnings results on Thursday, May 6th. The specialty chemicals company reported $0.73 EPS for the quarter, hitting the consensus estimate of $0.73. W. R. Grace & Co. had a net margin of 1.39% and a return on equity of 57.85%. The firm had revenue of $456.70 million for the quarter, compared to the consensus estimate of $454.55 million. Equities research analysts forecast that W. R. Grace & Co. will post 3.77 earnings per share for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Ameriprise Financial Inc. increased its stake in shares of W. R. Grace & Co. by 4.0% in the first quarter. Ameriprise Financial Inc. now owns 8,820 shares of the specialty chemicals company’s stock worth $528,000 after buying an additional 342 shares during the period. Arlington Partners LLC purchased a new position in shares of W. R. Grace & Co. in the first quarter worth $44,000. California Public Employees Retirement System increased its stake in shares of W. R. Grace & Co. by 0.6% in the fourth quarter. California Public Employees Retirement System now owns 131,304 shares of the specialty chemicals company’s stock worth $7,198,000 after buying an additional 754 shares during the period. Rhumbline Advisers increased its stake in shares of W. R. Grace & Co. by 2.0% in the fourth quarter. Rhumbline Advisers now owns 65,073 shares of the specialty chemicals company’s stock worth $3,567,000 after buying an additional 1,269 shares during the period. Finally, Nisa Investment Advisors LLC purchased a new position in shares of W. R. Grace & Co. in the first quarter worth $90,000. 83.01% of the stock is currently owned by institutional investors.

About W. R. Grace & Co. (NYSE:GRA)

W. R. Grace & Co, through its subsidiaries, 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; and FCC additives.

Featured Article: What is systematic risk?

Receive News & Ratings for W. R. Grace & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for W. R. Grace & Co. and related companies with MarketBeat.com's FREE daily email newsletter.