Ratings Change: Is It Finally Time To Sell? Jefferies Downgrades W.R. Grace (GRA)

November 30, 2016 - By Peter Kolinski

Ratings Change: Is It Finally Time To Sell? Jefferies Downgrades W.R. Grace (GRA)

W.R. Grace (GRA) Downgrade

In a a research report revealed on Wednesday, 30 November, Jefferies lowered shares of W.R. Grace (GRA) to a Hold rating from a Buy rating.

About 144,146 shares traded hands. W. R. Grace & Co (GRA) has declined 15.21% since April 27, 2016 and is downtrending. It has underperformed by 20.44% 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 $65.73 million for 17.46 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.

Insitutional Activity: The institutional sentiment decreased to 0.92 in Q2 2016. Its down 0.31, from 1.23 in 2016Q1. The ratio worsened, as 30 funds sold all W. R. Grace & Co shares owned while 81 reduced positions. 42 funds bought stakes while 94 increased positions. They now own 58.59 million shares or 1.18% less from 59.29 million shares in 2016Q1.

Hartford Management Inc has 0.01% invested in the company for 175 shares. Reilly Financial Advsr Ltd Company owns 1,651 shares or 0.02% of their US portfolio. Sumitomo Mitsui Asset Management Limited last reported 0.01% of its portfolio in the stock. Aperio Gru Ltd Liability Com holds 0.01% or 14,416 shares in its portfolio. Canada Pension Plan Board owns 186,900 shares or 0.06% of their US portfolio. Paloma Ptnrs Mngmt last reported 14,167 shares in the company. Carlson Cap L P reported 403,450 shares or 0.37% of all its holdings. Oregon Public Employees Retirement Fund last reported 600 shares in the company. Bnp Paribas Invest Partners, a France-based fund reported 6,352 shares. Discovery Capital Limited Liability Company Ct last reported 0.33% of its portfolio in the stock. Northcoast Asset Limited Liability Company last reported 0.05% of its portfolio in the stock. Gulf Commercial Bank (Uk) Limited has 0.03% invested in the company for 21,220 shares. Kbc Gru Nv holds 0% or 4,264 shares in its portfolio. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Inv Mngmt, a Alberta – Canada-based fund reported 33,670 shares. The Pennsylvania-based Pnc Finance Services Grp Incorporated has invested 0% in W. R. Grace & Co (NYSE:GRA).

Insider Transactions: Since November 3, 2016, the stock had 0 insider buys, and 1 sale for $5.50 million net activity. $5.50M worth of shares were sold by FESTA ALFRED E on Thursday, November 3.

W.R. Grace & Co. is engaged in the production and sale of specialty chemicals and specialty materials. The company has a market cap of $4.59 billion. The Firm operates in three divisions: Grace Catalysts Technologies, Grace Materials Technologies and Grace Construction Products. It has a 41.84 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.

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.”

GRA Company Profile

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 notable recent W. R. Grace & Co (NYSE:GRA) news were published by: Streetinsider.com which released: “Jefferies Downgrades WR Grace & Co. (GRA) to Hold” on November 30, 2016, also Baltimoresun.com with their article: “W. R. Grace & Co. finalizes acquisition of BASF polyolefin catalyst business” published on July 01, 2016, Seekingalpha.com published: “W.R. Grace & Co. (GRA) Q3 2016 Results – Earnings Call Transcript” on October 26, 2016. More interesting news about W. R. Grace & Co (NYSE:GRA) were released by: Nasdaq.com and their article: “W.R. Grace & Co. (GRA) Ex-Dividend Date Scheduled for November 15, 2016” published on November 14, 2016 as well as Streetinsider.com‘s news article titled: “Seaport Global Securities Upgrades W.R. Grace & Co. (GRA) to Buy” with publication date: November 01, 2016.

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