W. R. Grace & Co (NYSE:GRA) fell 8% during mid-day trading on Thursday . The stock traded as low as $64.47 and last traded at $65.51. 2,925,054 shares were traded during trading, an increase of 363% from the average session volume of 632,013 shares. The stock had previously closed at $71.21.

A number of equities research analysts have recently weighed in on GRA shares. Zacks Investment Research raised W. R. Grace & Co from a “strong sell” rating to a “hold” rating and set a $85.00 price objective for the company in a research note on Friday, October 27th. Jefferies Group reaffirmed a “hold” rating and issued a $77.00 price objective on shares of W. R. Grace & Co in a research note on Thursday, October 26th. KeyCorp reaffirmed an “overweight” rating and issued a $84.00 price objective (up from $77.00) on shares of W. R. Grace & Co in a research note on Thursday, October 26th. Finally, TheStreet cut W. R. Grace & Co from a “b-” rating to a “c” rating in a research note on Thursday. Five analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $81.56.

The company has a current ratio of 1.59, a quick ratio of 1.06 and a debt-to-equity ratio of 3.83. The firm has a market capitalization of $4,439.17, a P/E ratio of 405.25, a price-to-earnings-growth ratio of 1.47 and a beta of 1.16.

W. R. Grace & Co (NYSE:GRA) last issued its quarterly earnings data on Thursday, February 8th. The specialty chemicals company reported $0.98 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.02. W. R. Grace & Co had a return on equity of 57.99% and a net margin of 0.65%. The business had revenue of $459.50 million during the quarter, compared to analysts’ expectations of $453.84 million. During the same period in the previous year, the firm posted $0.95 earnings per share. The company’s revenue was up 4.2% on a year-over-year basis. analysts predict that W. R. Grace & Co will post 3.72 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 22nd. Stockholders of record on Thursday, March 1st will be paid a $0.24 dividend. The ex-dividend date is Wednesday, February 28th. This is a boost from W. R. Grace & Co’s previous quarterly dividend of $0.21. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.48%. W. R. Grace & Co’s payout ratio is presently 525.00%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. American International Group Inc. acquired a new position in W. R. Grace & Co during the 4th quarter worth $113,000. Cerebellum GP LLC acquired a new position in W. R. Grace & Co during the 4th quarter worth $124,000. The Manufacturers Life Insurance Company grew its stake in W. R. Grace & Co by 5.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,487 shares of the specialty chemicals company’s stock worth $179,000 after purchasing an additional 133 shares in the last quarter. Toronto Dominion Bank grew its stake in W. R. Grace & Co by 244.1% during the 3rd quarter. Toronto Dominion Bank now owns 2,887 shares of the specialty chemicals company’s stock worth $208,000 after purchasing an additional 2,048 shares in the last quarter. Finally, US Bancorp DE grew its stake in W. R. Grace & Co by 87.7% during the 4th quarter. US Bancorp DE now owns 2,943 shares of the specialty chemicals company’s stock worth $206,000 after purchasing an additional 1,375 shares in the last quarter. 84.90% of the stock is owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION NOTICE: This story was first published by TheOlympiaReport and is the property of of TheOlympiaReport. If you are accessing this story on another publication, it was stolen and reposted in violation of international copyright & trademark laws. The correct version of this story can be viewed at https://theolympiareport.com/2018/02/10/w-r-grace-co-gra-trading-down-8.html.

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.

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.