Traders Purchase High Volume of Call Options on WR Grace & Co. (GRA) – StockNewsTimes

W.R. Grace & Co. (NYSE:GRA) was the target of some unusual options trading on Wednesday. Stock traders purchased 12,700 call options on the company. This represents an increase of approximately 573% compared to the typical volume of 1,888 call options.

Institutional investors have recently added to or reduced their stakes in the business. Daiwa Securities Group Inc. boosted its position in W.R. Grace & Co. by 22.9% in the 2nd quarter. Daiwa Securities Group Inc. now owns 2,150 shares of the specialty chemicals company’s stock valued at $155,000 after buying an additional 400 shares during the period. US Bancorp DE boosted its position in W.R. Grace & Co. by 7.2% in the 1st quarter. US Bancorp DE now owns 2,284 shares of the specialty chemicals company’s stock valued at $159,000 after buying an additional 154 shares during the period. The Manufacturers Life Insurance Company boosted its position in W.R. Grace & Co. by 5.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,487 shares of the specialty chemicals company’s stock valued at $179,000 after buying an additional 133 shares during the period. LS Investment Advisors LLC boosted its position in W.R. Grace & Co. by 13.4% in the 2nd quarter. LS Investment Advisors LLC now owns 2,517 shares of the specialty chemicals company’s stock valued at $181,000 after buying an additional 298 shares during the period. Finally, World Asset Management Inc purchased a new stake in W.R. Grace & Co. in the 2nd quarter valued at about $221,000. 84.69% of the stock is owned by institutional investors.

W.R. Grace & Co. (GRA) opened at 72.57 on Monday. The company has a 50-day moving average of $71.61 and a 200-day moving average of $70.36. The company has a market capitalization of $4.95 billion, a P/E ratio of 35.33 and a beta of 1.11. W.R. Grace & Co. has a 1-year low of $63.37 and a 1-year high of $74.63.

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

A number of brokerages have recently weighed in on GRA. Loop Capital began coverage on W.R. Grace & Co. in a research note on Thursday, September 28th. They issued a “buy” rating and a $81.00 target price on the stock. Jefferies Group LLC reiterated a “hold” rating on shares of W.R. Grace & Co. in a research note on Tuesday, October 3rd. KeyCorp reissued a “buy” rating and set a $77.00 target price on shares of W.R. Grace & Co. in a report on Sunday, September 3rd. Robert W. Baird reissued a “buy” rating and set a $85.00 target price on shares of W.R. Grace & Co. in a report on Friday, September 1st. Finally, Monness Crespi & Hardt lowered their target price on shares of W.R. Grace & Co. from $86.00 to $83.00 and set a “buy” rating on the stock in a report on Thursday, July 27th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $79.55.

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W.R. Grace & Co. Company Profile

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.

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