W.R. Grace & Co. (NYSE:GRA) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

Other analysts have also issued reports about the stock. TheStreet raised shares of W.R. Grace & Co. from a “c” rating to a “b-” rating in a research note on Thursday, June 1st. Zacks Investment Research raised shares of W.R. Grace & Co. from a “hold” rating to a “buy” rating and set a $79.00 target price for the company in a research note on Tuesday, June 27th. Monness Crespi & Hardt cut their target price on shares of W.R. Grace & Co. from $86.00 to $83.00 and set a “buy” rating for the company in a research note on Thursday, July 27th. Aegis reissued a “buy” rating on shares of W.R. Grace & Co. in a research note on Wednesday, May 31st. Finally, Vertical Research started coverage on shares of W.R. Grace & Co. in a research note on Thursday, May 25th. They set a “buy” rating and a $81.00 target price for the company. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $80.18.

Shares of W.R. Grace & Co. (NYSE:GRA) opened at 71.19 on Friday. The stock has a 50 day moving average price of $69.59 and a 200-day moving average price of $70.10. W.R. Grace & Co. has a 52-week low of $63.37 and a 52-week high of $79.66. The stock has a market capitalization of $4.86 billion, a price-to-earnings ratio of 34.66 and a beta of 1.12.

W.R. Grace & Co. (NYSE:GRA) last released its earnings results on Thursday, July 27th. The specialty chemicals company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.80 by $0.04. W.R. Grace & Co. had a net margin of 8.20% and a return on equity of 43.88%. The business had revenue of $429.50 million during the quarter, compared to analyst estimates of $407.72 million. During the same period in the prior year, the business earned $0.74 earnings per share. The business’s quarterly revenue was up 10.0% on a year-over-year basis. On average, equities research analysts predict that W.R. Grace & Co. will post $3.37 EPS for the current fiscal year.

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In related news, VP Mark A. Shelnitz sold 26,853 shares of the company’s stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $71.44, for a total value of $1,918,378.32. Following the completion of the sale, the vice president now owns 83,437 shares in the company, valued at approximately $5,960,739.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.30% of the stock is currently owned by corporate insiders.

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of W.R. Grace & Co. by 1.7% in the second quarter. Vanguard Group Inc. now owns 5,895,867 shares of the specialty chemicals company’s stock valued at $424,561,000 after buying an additional 98,017 shares during the period. TIAA CREF Investment Management LLC increased its stake in W.R. Grace & Co. by 68.9% in the second quarter. TIAA CREF Investment Management LLC now owns 3,477,805 shares of the specialty chemicals company’s stock worth $250,437,000 after buying an additional 1,418,816 shares during the last quarter. Iridian Asset Management LLC CT increased its stake in W.R. Grace & Co. by 2.1% in the second quarter. Iridian Asset Management LLC CT now owns 3,362,061 shares of the specialty chemicals company’s stock worth $242,102,000 after buying an additional 70,650 shares during the last quarter. Teachers Advisors LLC increased its stake in W.R. Grace & Co. by 25.2% in the second quarter. Teachers Advisors LLC now owns 2,232,160 shares of the specialty chemicals company’s stock worth $160,738,000 after buying an additional 449,288 shares during the last quarter. Finally, Neuberger Berman Group LLC increased its stake in W.R. Grace & Co. by 5.7% in the second quarter. Neuberger Berman Group LLC now owns 1,380,372 shares of the specialty chemicals company’s stock worth $99,401,000 after buying an additional 73,870 shares during the last quarter. Institutional investors and hedge funds own 84.78% of the company’s stock.

About W.R. Grace & Co.

W. R. Grace & Co (Grace) is engaged in the production and sale of specialty chemicals and specialty materials. The Company operates in two segments: Grace Catalysts Technologies and Grace Materials Technologies. The Grace Catalysts Technologies segment includes catalysts and related products and technologies used in refining, petrochemical and other chemical manufacturing applications.

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

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