December 1, 2016 - By Marie Mckinney · 0 Comments
W R Grace & Co (NYSE:GRA) institutional sentiment decreased to 0.92 in 2016 Q2. Its down -0.31, from 1.23 in 2016Q1. The ratio dived, as 136 funds started new and increased positions, while 111 sold and decreased stakes in W R Grace & Co. The funds in our partner’s database now own: 58.59 million shares, down from 59.29 million shares in 2016Q1. Also, the number of funds holding W R Grace & Co in their top 10 positions decreased from 7 to 5 for a decrease of 2. Sold All: 30 Reduced: 81 Increased: 94 New Position: 42.
W.R. Grace & Co. is engaged in the production and sale of specialty chemicals and specialty materials. The company has a market cap of $4.41 billion. The Firm operates in three divisions: Grace Catalysts Technologies, Grace Materials Technologies and Grace Construction Products. It has a 41.64 P/E ratio. The Company’s Grace Catalysts Technologies segment produces and sells catalysts and related products and technologies used in refining, petrochemical and other chemical manufacturing applications, including Fluid catalytic cracking catalysts, Hydroprocessing catalysts, and Polyolefin catalysts and catalyst supports.
About 266,168 shares traded hands. W. R. Grace & Co (NYSE:GRA) has declined 16.30% since April 28, 2016 and is downtrending. It has underperformed by 22.23% the S&P500.
Analysts await W. R. Grace & Co (NYSE:GRA) to report earnings on February, 9. They expect $0.93 EPS, down 33.57% or $0.47 from last year’s $1.4 per share. GRA’s profit will be $63.46 million for 17.37 P/E if the $0.93 EPS becomes a reality. After $0.80 actual EPS reported by W. R. Grace & Co for the previous quarter, Wall Street now forecasts 16.25% EPS growth.
According to Zacks Investment Research, “W. R. Grace & Co. produces specialty chemicals. They primarily operate through the following two business segments: Davison Chemicals and Performance Chemicals. Davison Chemicals manufactures catalysts (fluid cracking, hydroprocessing and polyolein) and silica and zeolite absorbents. Performance Chemicals produces specialty construction and building materials, along with container and closure sealants.”
Antipodean Advisors Llc holds 8.5% of its portfolio in W. R. Grace & Co for 192,000 shares. Monroe Hall Asset Management Llc owns 390,000 shares or 7.96% of their US portfolio. Moreover, Hoplite Capital Management L.P. has 4.35% invested in the company for 1.20 million shares. The Virginia-based Swift Run Capital Management Llc has invested 4.34% in the stock. Atika Capital Management Llc, a New York-based fund reported 113,000 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 1 insider sale for $5.50 million net activity.
Ratings analysis reveals 44% of W. R. Grace & Co’s analysts are positive. Out of 9 Wall Street analysts rating W. R. Grace & Co, 4 give it “Buy”, 0 “Sell” rating, while 5 recommend “Hold”. The lowest target is $77 while the high is $115. The stock’s average target of $86.33 is 33.58% above today’s ($64.63) share price. GRA was included in 12 notes of analysts from August 3, 2015. Cantor Fitzgerald initiated the shares of GRA in a report on Monday, November 30 with “Hold” rating. The company was reinitiated on Thursday, March 24 by Credit Suisse. Monness Crespi maintained W. R. Grace & Co (NYSE:GRA) rating on Thursday, April 28. Monness Crespi has “Buy” rating and $86 price target. Goldman Sachs downgraded W. R. Grace & Co (NYSE:GRA) rating on Wednesday, January 27. Goldman Sachs has “Buy” rating and $103 price target. Seaport Global Securities upgraded W. R. Grace & Co (NYSE:GRA) on Tuesday, November 1 to “Buy” rating. On Monday, March 7 the stock rating was maintained by Macquarie Research with “Outperform”. The firm earned “Neutral” rating on Monday, March 14 by Goldman Sachs. The firm has “Neutral” rating by Tigress Financial given on Monday, August 3. The firm earned “Hold” rating on Thursday, December 10 by BB&T Capital. Seaport Global Securities initiated the shares of GRA in a report on Tuesday, September 13 with “Neutral” rating.
W.R. Grace & Co. (Grace), incorporated on August 6, 1997, is engaged in the production and sale of specialty chemicals and specialty materials. The Firm operates in three divisions: Grace Catalysts Technologies, which includes catalysts and related products and technologies used in refining, petrochemical and other chemical manufacturing applications; Grace Materials Technologies, which includes packaging technologies and engineered materials used in consumer, industrial, and pharmaceutical applications, and Grace Construction Products, which includes specialty construction chemicals and specialty building materials used in commercial, infrastructure and residential construction.
More recent W. R. Grace & Co (NYSE:GRA) news were published by: Baltimoresun.com which released: “W. R. Grace & Co. finalizes acquisition of BASF polyolefin catalyst business” on July 01, 2016. Also Seekingalpha.com published the news titled: “W.R. Grace & Co. (GRA) Q3 2016 Results – Earnings Call Transcript” on October 26, 2016. Nasdaq.com‘s news article titled: “W.R. Grace & Co. (GRA) Ex-Dividend Date Scheduled for November 15, 2016” with publication date: November 14, 2016 was also an interesting one.
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By Marie Mckinney