Insider Buying: W. R. Grace & Co (NYSE:GRA) Major Shareholder Purchases $6,239,775.36 in Stock

W. R. Grace & Co (NYSE:GRA) major shareholder North Latitude Master Fund 40 bought 96,576 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was acquired at an average cost of $64.61 per share, for a total transaction of $6,239,775.36. The purchase was disclosed in a document filed with the SEC, which can be accessed 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.

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. W. R. Grace & Co has a 1 year low of $59.22 and a 1 year high of $79.71. The company has a market capitalization of $4.32 billion, a PE ratio of 15.71, a P/E/G ratio of 1.23 and a beta of 1.02. The company has a fifty day moving average of $71.76 and a two-hundred day moving average of $74.59.

W. R. Grace & Co (NYSE:GRA) last released its quarterly earnings data on Thursday, July 25th. The specialty chemicals company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.02. W. R. Grace & Co had a net margin of 9.31% and a return on equity of 85.42%. The company had revenue of $513.60 million during the quarter, compared to the consensus estimate of $508.65 million. During the same quarter in the prior year, the firm posted $1.07 earnings per share. W. R. Grace & Co’s revenue for the quarter was up 5.7% on a year-over-year basis. On average, research analysts expect that W. R. Grace & Co will post 4.39 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $1.08 annualized dividend and a yield of 1.66%. W. R. Grace & Co’s dividend payout ratio is presently 26.09%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GRA. Harvest Group Wealth Management LLC acquired a new stake in shares of W. R. Grace & Co during the first quarter worth about $27,000. YorkBridge Wealth Partners LLC acquired a new stake in shares of W. R. Grace & Co during the first quarter worth about $49,000. Advisors Preferred LLC acquired a new stake in shares of W. R. Grace & Co during the first quarter worth about $76,000. Private Capital Group LLC boosted its stake in shares of W. R. Grace & Co by 24.9% during 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 during the period. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in shares of W. R. Grace & Co during the first quarter worth about $291,000. Institutional investors own 87.13% of the company’s stock.

GRA has been the topic of several recent analyst reports. BMO Capital Markets set a $83.00 target price on W. R. Grace & Co and gave the company a “buy” rating in a report on Friday, July 26th. ValuEngine lowered W. R. Grace & Co from a “hold” rating to a “sell” rating in a report on Saturday, July 27th. Zacks Investment Research raised W. R. Grace & Co from a “sell” rating to a “hold” rating in a report on Wednesday. Finally, Robert W. Baird set a $81.00 target price on W. R. Grace & Co and gave the company a “buy” rating in a report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company. W. R. Grace & Co presently has a consensus rating of “Buy” and an average price target of $85.50.

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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Insider Buying and Selling by Quarter for W. R. Grace & Co (NYSE:GRA)

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